This is a recent question posed about private money: Question: I am currently trying to raise private money. Right now I have been able to save half of the money I need. I am looking into financing and a few other options to overcome my dilemma. I have called some investors but I don’t want to [...]
Continue reading...29. June 2009
Here is a question I got recently: "We want to get a reference letter from someone who loaned us money that we can show to another potential lender. Would you give us some wording that we should have in a letter that would look good to other lenders?" Obviously, it’s critical to have many different sources of financing [...]
Continue reading...23. November 2008
One of our Wealth School participants told me that she had some money in her IRA that she would like to use for her real estate investing so that she could use some of the cash flow now. In his article "Self-Directed IRA Investing: Invest to Protect Your Retirement" , IFAZ blogger points out that self [...]
Continue reading...17. November 2008
When you invest in cash flow properties, the name of the game is passive income. The money you make without working. The money that comes in as a result of the business system you have created. Passive income is thing of beauty. You know, I can make more cash flipping properties. But the income from flipping houses is [...]
Continue reading...13. November 2008
During the last Wealth School session, one of the issues that came up was the challenge of getting a pre-approval letter to submit along with offers on bank-owned properties. Now, it’s best if you have cash, and can show bank statement as proof of funds. But what if you aren’t in that position? The point we [...]
Continue reading...10. November 2008
The other night I had a one-on-one session with a client in Wealth School. It didn’t take long to find out that he was hung up on financing. He had stopped trying to buy cash flow properties 2 bankers told him he no longer qualified for financing. Yes, he purchased several properties in the past using [...]
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23. October 2009
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