REI Wealth Magazine Featuring Paul Finck | Page 42
will let you make part or all of the interest payments at
the end of the loan. This increases your cash flow on a
monthly basis.In addition, they will supply you with the
funds needed for repairs on the property. So the
flexibility you gain when using private lenders as
opposed to banks when doing deals is extremely
advantageous to your business.
What this does for you is to greatly increase the
number of deals you can do, the types of deals you can
do, and gives you the ability to close very quickly. In the
real estate business time is of the essence. Just the ability
to close quickly can make or break a deal for you. The
ability to close quickly will give you a huge advantage
over most of your competitors.
Plus, if you have the ability to pay cash and close
quickly, many times you will be able to negotiate a much
better deal on a property you want to purchase. With
private lenders in line, you are always equipped with all
the funds you need to grab each opportunity as it arises.
The sense of confidence this will give you in doing your
business is nothing less than amazing.
"Also remember
when you are
working with private
lenders to have them
write a reference
letter for you to
include in your
credibility kit. This is
an extremely
powerful addition to
this kit that you will
be using in your
business. "
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