Private Money Lender
Becoming a private money lender is the best investment strategy if you want to take advantage of the high real estate return-on-investment but do not want the hassle of owning an investment property. What Is Private Money Lending? Being a private money lender means you become the bank. One of the biggest challenges real estate investors encounter is financing. The traditional route of paying the down payment and obtaining a mortgage loan gets harder as the investors purchase more properties. Currently investors are limited to having only a maximum of 4 financed properties at a time. This creates an awesome opportunity for people who have available assets and/or cash and want to invest in a safe and secure investment. Advantage Of Being A Private Money Investor Unlike other type of investments (such as CDs, mutual funds, and stocks), real estate investments are investment in which you can control. There are 6 main benefits of lending money to real estate investors: - You earn higher rate of return than stocks, CDs, and mutual funds
- You earn a stable steady income stream that is unlikely to change
- Your investment is secured through real property
- Your investment is secured through a mortgage insurance policy
- You have no management responsibilities or fees
And the sixth and final benefit of being a private money investor is You Are In Control. Everything is possible and flexible between you and the investor. You and the investor would come to an agreement on how much return-on-investment you want and for how long. If you need all of your investment back before the agreed upon date, you can sell your mortgage note, get your money back, and get out of the deal. Disadvantage of Being A Private Money Investor There are risks in every investment. The biggest risk is having to take the property back through foreclosure because the investor did not do what he/she promised. Although the risk does present itself in real-life, there are ways to minimize it. - Only loan money on investment property you would not mind owing yourself
- Be sure you can trust your investor's expertise
You can be assured that any investment properties Pittsburgh Real Estate Solutions, LLC. recommends will be a good investment. You can count on us to be honest and straightforward. Your best interest is our top priority. Criteria For Private Money Lenders Our criteria for private money investor are simple: - You must have available funds
- You must fill the form below
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