Private Money

One way to get private money in your real estate business is to show people you know what your doing and to look professional.  Here’s a little video I did that shows a home I have locked up in contract and I show comps providing insight as to how much that home is worth.  What I don’t tell you is how much I paid for it.  But I will tell you in this blog….I’m buying the home in the video for 65k.  If I sell it at 100k that is a 65% LTV.  That is the kind of spread you need to have when dealing with private money.  All the lender wants to know is how am I going to get my money back and what happens if $@&* happpens.  With a home leveraged at 60-65% most private money lenders will feel comfortable giving you their hard earned money.  Please watch my video and give feedback if you like it or not.  Also, if you are looking to lend private money go to http://www.privatemoneyphoenix.com I have a free ebook explaining how it works and how I can utilize your funds with deals like the one below.