PRIVATE MONEY FOR ARIZONA TRUSTEE SALES
I work mainly with investors in Phoenix, AZ, who want great deals and want to invest the minimum in order to reserve their cash for more deals. So, I have been able to develop relationships with private individuals that will loan their money out to other investors at a normal 18% short term bridge loan in order to get a better return on their money. The private lender is in first lien position on the property. It has been working out quite nicely in my business.
Here are some of the advantages of using private money when dealing with real estate investments:
- Receive a discount on the property since one is closing faster
- No credit check
- Ample funds
- Cash flow
- Obtain money for repairs
- Flexible terms
- Develop key relationships
- Creative methods when structuring the deal
- Several exit strategies
- Higher return on one's money 18% or more
- Create a note
Does anybody esle use private money in their real estate business? Tell us your success stories
Make the Call, Set the Plan, Do the Deal$!
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.