Finding a traditional funding source for an unusual, but potentially lucrative, real estate deal is one of the most frustrating tasks around. Banks, credit unions and other traditional lending sources are just not interested in deals that fall outside of their “standard” parameters. Instead, savvy real estate investors turn to knowledgeable and experienced lenders who can understand a complicated investment deal, namely, private money lenders.
Why Private Money is a Great Funding Option for Real Estate
Posted by Ken Meyer on Tue, Dec 11, 2012
1 Comment Click here to read/write comments
Using Private Money Lenders To Get Money for Real Estate Deals
Posted by Ken Meyer on Tue, Nov 06, 2012With the continuing recession in the real estate market and the general malaise in the economy, it remains difficult if not impossible to finance anything other than a traditional, single family real estate transaction. In fact, if you have less than stellar credit, banks are reluctant to finance those deals unless the loan is backed by a government guarantee. While this situation is problematic enough for the individual who wishes to purchase a home for themselves, it creates far more significant problems for the real estate investor. One possible solution to this problem is the use of funds from private individuals and/or hard money lenders.
2 Comments Click here to read/write comments