Rehab-Real-Estate: Buying Investment Properties with Private Money
Author: Daniel Mc Grey
Author: Daniel Mc GreyThanks to private money, obtaining financing to buy investment properties is fast and easy. You dont have to endure the tedious process of applying for bank loans or wait endlessly for financial assistance that wouldnt come. Because of this type of non-traditional financing, you can quickly start a real estate investing project as soon as possible. As the name implies, private money is a type of financing being offered by private individuals or organizations. It is less restrictive and it involves less red tape compared to traditional loans offered by banks, mortgage companies, credit unions, and other traditional lending institutions. According to the many seasoned real estate investors, it would be wise to seek the assistance of private money lenders if you are having trouble securing funds for your investment properties. It is because compared to their institutionalized counterparts, private lenders are more amiable and easier to deal with. They wont make you wait for months or years only to reject your loan application. And most of all, private money can give you perks that you wont get from traditional loans. First, you can borrow funds from private lenders even if you have a bad credit rating. Now try doing that with an institutionalized lender. Youre definitely going to have a hard time convincing him or her to grant your loan application. The reason why private money lenders are not interested with a borrowers creditworthiness is because private money is asset-based. It means that a private lender looks into the after repair value of the property, for which the loan is being made, when assessing a loan application. Thus, if the property can fetch a good price after it has been repaired, then a private lender will provide you with the funds you need regardless of your credit score. Another advantage of using private money for your investment properties is that it offers you more flexibility and more control. You can negotiate the terms of your loan. You can also ask a private money lender to create terms that suit your financial capabilities. And most of all, you can protect your credit rating by using this type of creative financing. Because private lenders are private entities, all transactions made with these individuals wont be reported to the credit bureau. Thus, using private money loans wont reflect on your debt-to-income ratio. So if you want to avoid all the hassle that comes with borrowing money from banks and traditional lenders, then you should heed the experts advice and use private money to buy investment properties instead. To learn more about private money lending, log on to www.Rehab-Real-Estate.com.About the Author: Learn How To Write A Hardship Letter That Will Get Your Loan Modified Finding and Using a Money Grant Is A Debt Consolidation Agency A Way To Go For Eliminating My Debts Should You Own A Credit Card? Oak Furniture - Style, Durability and Value for Money REIWIRED: Knowing More About Private Money Financing Wealthmasters International - The Business of Getting Rich Does A Debt Consolidation Agency Lower Credit Score? Is it Futile to Search for Agencies that do True Debt Consolidation? The Business of Colored Brochure Printing 8 Reasons Why Social Media is Tailor Made For Small Businesses Marketing Personal Loans For Poor Credit To Overcome Financial Crisis Types of Stocks for Stock Trading and Companies Represented