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Why Private Money Is Becoming Even More Pivotal
The PerformanceEnhancing Ingredient All Investors Need
It ’ s not just the benefits of private money that are so important . It may be a bitter pill to swallow , but the truth is that without it , you are a performancechallenged real estate investor or entrepreneur .
Without this edge , you are operating at a deficit when it comes to efficient and cost effective funding , risk levels , returns , and the scale at which you could be achieving . You are leaving money on the table . You are definitely suffering expensive missed opportunity costs .
Amy stumbled on this equation very early in her real estate career . It was a complete gamechanger for her . It has catapulted her success at an incredibly fast pace .
After attending Michigan State ( Go Spartans !), she went on to obtain her MBA . Raised with a very traditional career path in mind , she expected to go to work for a big company for the rest of her life , with the hopes that her employer ’ s 401k plan would afford some form of retirement in a few decades . That landed her at Dell as a Global Commodity Manager , for 14 years .
At first her idea was just to flip a couple
of properties a year as a side hustle . She put $ 45,000 of her money into her first condo flip in Chicago . Of course , as soon as she put all of her own money into that deal , two more absolutely incredible investment opportunities popped up . She didn ’ t have the cash on hand to do them . Missing out on those would also mean missing out on an enormous amount of money .
She promptly went out , learned how to raise money from private investors , and put $ 390,000 in the bank to do those deals with . She quickly grew that to $ 20 million . That success propelled her to being on TV , becoming a successful author , and in demand speaker and mentor to thousands of others .
It has put her on the mission to raise awareness of the power of private money and how real estate investors , new or experienced , can leverage this one skill in order to grow and scale their business , and
Private money can be used in any phase of the market , for all of your real estate strategies .
Not only is it an essential competitive element , you need to be able to keep up and keep doing deals and be living your full potential . It will prove more important in the months and years ahead .
If you ’ ve been in the game since the early 2000s , you already know that mortgage lending has only become more difficult . Even today ’ s socalled hard money lenders operate a lot more like traditional Main Street banks used to . Credit criteria and income documentation has become much tougher .
Current bank interest rates probably haven ’ t been this low since your grandparents were your age . The only way for them to go from here is up . Private money will be your lowest cost source of funding .
It ’ s not just about what they can do for you either . Offering these private lending opportunities to others is also a huge help to them . It is certainly a lot more profitable than negative yields in a crusty bank account , or the risks of the public stock market or the latest cryptocurrency
It ’ s not just the benefits of private money that is so important . It may be a bitter pill to swallow , but the truth is that without it , you are a performancechallenged real estate investor or entrepreneur .
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