Raising Money for Real Estate Investing
Many real estate investors have a large inventory of real estate bargains to choose from that can be flipped for fast profits or to buy and hold.
Most distressed property bargains require the investor to have access to fast cash to buy investment property at the best terms. Fast closings are usually the trade off for a deeply discounted price.
Once the property is purchased, additional money is needed for fix-up work that can be minor or involve a major renovation.
Far too often, bank financing in today’s market is very slow and cumbersome for fast closings. Therefore, having alternative ways to raise cash is ideal for bargain-hunting.
Here are some excellent alternative sources for raising cash:
- Business cash credit: You can raise up to $200,000 in 45 to 90 days following the instructions detailed in a DIY guide.
- Friends and family: Make them your partner for a piece of the profits or obtain a short-term loan and pay them a better interest rate than what their savings account, CDs or other interest-bearing accounts offer them.
- Government grants: Ideal for non-profit organizations
- Private lenders: Private individuals who would like a better interest rate than their CD is giving them. A DIY guide provides detailed instructions on all phases of using private money from marketing to attract private lenders, how to make the presentation and documents needed to keep everything legal. There is no limit to the amount of money you can raise.
- Social lending websites
These sources for raising cash are discussed in more detail in a white paper report recently published, 21 Ways for Small and Medium Sized Business Owners to Raise Cash and Restructure Debt.
The ideas highlighted for raising cash can be used by real estate investors as well as business owners. You can download a copy of the white paper in the Business Lending Section of the main website SmallCommercialMortgageOnline.com