Episode Details

How to Buy Real Estate WITHOUT The Banks (Private Money Explained)

Episode 342 Published 2 years, 7 months ago

Description

Need flexible funding for your deals? Private money could be the answer. Whether you’re looking to dodge the bank or want greater control over the terms of your deal, that’s exactly what this creative finance option can provide. Our hosts can vouch for it!

Welcome back to the Real Estate Rookie podcast! Today, we’re taking a deep dive into private money—the creative finance solution that allows you to fund more deals without huge down payments or stellar credit. Tony and Ashley share how they discovered private money and why it’s their go-to financing option today. If you’re looking to borrow funds, our hosts will show you how to find private money lenders, how to structure your private loans to benefit both parties, and why this financing solution is the PERFECT stepping stone for a future investing partnership.

In this episode, you’ll also learn about the three essential documents for all private money loans, as well as how to approach your lender about structuring a deal. But that’s not all—this masterclass is for the private money lenders, too! Tony and Ashley discuss ways to protect yourself in a deal and how to ensure that you get your money back. Finally, you’ll learn when not to lend private money!

In This Episode We Cover:

How to get 100% financing for your deals using private money

The differences between traditional bank financing, hard money, and private money

How to find a private money lender for your next real estate deal

The three documents you NEED for any private money partnership

The best ways to protect yourself when lending money

Crucial tax advice for those using private money for their deals

And So Much More!

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