Though the real estate market is down in most places across the nation, there are still a number of hard money lenders available, if you know where to look.  A hard money loan is an alternative means of financing apart from the traditional lending industry.  Hard money lenders are individuals that are seeking to get a “more then average” return on their investment. 

Below is a list of active hard money lenders. Read the rest of this entry »

Today’s economy is making it very difficult for average hard working people to qualify for a loan to purchase a home.  As real estate investors, we must adapt to the current market and provide the needed element to be successful.  And as of now I see the need for homes to be sold with owner financing.  This will open up the number of buyers available to a home and give the seller a higher probability of selling. 

In order to meet this demand for owner financed homes, I’ve created a new website where I advertise my owner financed homes to the general public to view.  There are interior and exterior pictures, details of the home, and buying options available.  Read the rest of this entry »

In today’s real estate market, the lending guidelines are so tight that normal blue collar people cannot qualify for a loan to purchase a home.  Due to these tight lending guidelines, the market is suffering tremendously and sellers have very few options.  One option that is shining enormous light on the situation is seller financing, also known as “agreement for deed” or a “land contract”. 

In a typical seller financing or agreement for deed, the seller/owner sells the property to a buyer for an agreed upon amount of money.  In essence, the seller is the bank.  The buyer makes a down payment then the monthly payments to the seller.  The seller does not transfer the title until the loan is refinanced or paid in full, thus the name “Agreement for Deed”. Read the rest of this entry »

In today’s market, acquiring financing has become a challenging issue for a number of potential buyers.  To avoid this challenge, I’ve incorporated owner financing as my exit strategy for a number of my homes.  This strategy works well because there are a number of buyers that can afford the home.  As an investor, we make a bulk of our money on the down payment.  So it is very crucial for an end buyer to put down as much as possible for the down payment in order for investors to make the deal feasible for them.  A lot of times, we as investors must stimulate the buyers mind so that they realize that they have funds available in different resources. Read the rest of this entry »

A key element to being successful in the real estate business is having the ability to fund your deals once you have secured them with a purchase agreement.  If you find tons of deals but have no way to fund and close them you are never going to take advantage of your opportunities.  You would be like a fisherman without a pole.  A golfer without any clubs. 

There are many ways to fund real estate deals.  You can either buy real estate to hold long term in your portfolio or you can quick-turn houses for fast profits.  Whatever you choose to do you are going to have to fund these deals to start the money making process.  There are tons of ways to fund and close real estate purchases.  Here are a few of them: Read the rest of this entry »