Foreclosure Investing Secrets of Finding Private Money
You can acquire foreclosure properties by going to the bank and getting a loan. One of the challenges with that is you can only get so many loans in your name. As of this writing conventional lenders will only allow you to have 4 loans in your name. This article explains what I did instead: found private money.
The people you’re looking for are private individuals who have money to invest in real estate. Many of these people may currently keep their money in CDs, mutual funds, IRAs, etc.
Why do they put money into these types of accounts? They want a good return on their investment. If you can offer them a higher return than they’re currently getting on their CDs, money market accounts, etc., do you think they’d be interested in talking to you? Absolutely! Read more
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