REI Wealth Monthly Issue 10 | Page 41

GET RID OF HARD MONEY LOANS AND USE EASY MONEY LOANS JIM INGERSOLL Which loan would you rather use? Hard money loan interest: $11,250.00 If you can use OPM in the form of a private lender, you can pay a rate of return that is roughly 3-4 times the earnings of a CD and leave a lot more profit on the table for yourself Easy money loan interest: $4,166.65 Hard money loans can get investors into the market and provide nearly 100% funding on houses you want to flip, but borrower beware and fully understand all the terms and associated risks of the loan you are taking to avoid surprises in the future. Also, be aware that most hard money lenders also have numerous fee’s added into the closing costs. If you can use OPM in the form of a private lender, What is holding you back from investing in real estate? you can pay a rate of return that is roughly 3-4 For many, it is financing. times the earnings of a CD and leave a lot more profit on the table for yourself. Learn to rehab your financing before you rehab a house and you will be on your road to success! Author: Jim Ingersoll Jim Ingersoll is a real estate entrepreneur who teaches investors how to generate cash flow and build wealth investing in real estate without banks. Jim continues to buy, sell and manage his own properties and is an active on the street investor. Jim has numerous publications including his two published books “Investing Now,” “Cash Flow Now” and the soon to be published “Private Lending Secrets For Real Estate Investors.” Jim’s Website: www.investingnownetwork.com