So many real estate investors and potential investors today are missing the big
secret. The secret is simple: It’s not about finding the money; it’s about finding the
property.
Too many real estate investors are out there worrying about how they are going to fund the deal. Hard money lending business phones and e-mails are -flooded with hypothetical situations that may exist in the future. Very few inquiries are coming from people that actually have properties ready to finance.
Spend your time, spend your resources, and spend your money finding good properties. If you find good properties, finding the money is simple. That’s the big secret; plain and simple. It’s not about finding the money; it’s not about finding the property. If you have a good deal, money will be attracted to the deal. Lenders are in the business of lending money—that’s what they want to do. A good deal is easy—and I do mean easy—to finance.
Short but sweet, and very accurate. Half my time is spent on my wholesale real estate business, the other half on rehabbing. If we are not wholesaling our properties, we are wholesaling other investor properties that they call us about to send out to our VIP list. It's a great way for us to make $3k - $5k on a deal we would otherwise let go because of a lack of funding. Instead, it helps us to pay some of our marketing costs to be able to acquire more property.
ReplyDeleteLove your blog. Keep it up.
ReplyDeleteI really enjoyed reading your article. I found this as an informative and interesting post, so i think it is very useful and knowledgeable. I would like to thank you for the effort you have made in writing this article.
Wholesale management software