Private Money in Your Circle of Influence
Whether you have credit issues that might hinder your ability to secure more “traditional” financing sources or a particularly hot deal has you in “move-it-or-lose-it” mode (meaning your lender’s wheels move too slowly to take advantage of a given deal), your circle of influence could be the answer to your short-term financing problems.
Who do you know that has money to invest on a can’t-miss project? More people than you might immediately think.
Just about everyone is at least theoretically interested in getting a great return on their investing dollar. Millions of people were scared out of the stock market (after they lost their collective shirts). While some of them are beginning to return, they’re gun-shy about losing more money — and many of them need to earn their money back quickly.
That’s where you come in.
Your real estate investing savvy can help you to locate a motivated seller and a distressed property that can be purchased, fixed, and flipped for maybe 50 cents on the dollar. You can borrow the cash you need for one of these deals — or pool the cash from several private investors — and return their cash to them within a set time-frame with a great return!
They’ll get a fantastic return on their cash investment that will make them giddy with excitement — and you’ll get cash profits that you can stick in the bank. Or, while you’re renovating the property, you can go to work securing more permanent financing that will pay back your investors. When you’re done, you’ll have an income-producing investment property with thousands of dollars in equity. Hang onto it as the market comes back — and it will increase even further in value. The appreciation is just the icing on the cake!
So who do you know?
Think about it. You’ll be surprised at how many people from within your circle of influence would love to reap the rewards of your real estate investing activities. A win-win transaction for everyone involved will have you singing all the way to the bank.
Put your thinking cap on — and put private money to work for you today!
Blessings!
Charrissa Cawley
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