Being a real estate investor is not contingent on skill. There is another piece of the puzzle you must be able to tackle to be successful: funding. You need to know the parameters of private money loans vs. hard money loans. They have their similarities, but more importantly they do have their differences. Don’t know […]
Author: Doug Smith
Founder of MyHouseDeals, Doug’s investing success allowed him to network with some of the greatest minds in business, and he’s been able to give back by sharing his investing knowledge to aspiring investors. To date, his investing tips and articles have been read by hundreds of thousands of investors. Although an active investor, Doug is most proud that he’s been able to transform people's lives by giving them life-changing advice and access to highly profitable investment opportunities through MyHouseDeals. And that this information has empowered them to make hundreds of thousands of dollars, quit their jobs, and most importantly, enjoy their lives with their friends and family. When he’s not investing in real estate, Doug enjoys traveling, softball, disc golf, and playing the guitar.
Positioning yourself as credible when approaching private lenders is the best way you can start a solid relationship with them. Creating a credibility kit is a great way to jumpstart a relationship with a new potential lender. So, what is a credibility kit? According to FortuneBuilders, a credibility kit is essentially an investor tool used […]
When you’re looking for a private money lender to work with on your next deal, there are a few key questions to consider. You’ll want to start the conversation by asking the potential lender what THEY are looking for in a deal. Always begin the relationship by listening, not talking. After you know that you’re […]
The process of trying to get private lenders to return your calls can be extremely frustrating if you aren’t approaching it correctly. This is something we hear a lot in the real estate investing industry—someone gets a hot lead for a potential private lender and then… {{{Crickets}}} There’s actually a few very specific reasons this […]
Deciding to finance a residential rental property may be stressful for first-time private lenders or investors. There are things to consider when shopping for an income property, and uneducated decisions can wreak havoc on an investor’s returns. Let’s face it—the real estate business is tough! With that said, there are the 8 key elements to […]