Take the Billions Being Offered - Your reaction to the heading directly above might be intense laughter. If so, please don’t call me to tell me you tried 116 lenders and they all said no. I know what our situation is; I wrestle with the problem of finding more borrowers for our real estate money. Plenty of my friends in the business tell me they, too, have the same problem. Since I have actual, daily, experience in lending money for real estate purposes, I know that you can find the money for your real estate deal that involves attractive and “lendable” properties.
Take the Billions Being Offered to Real Estate A lendable property is one that has a value somewhat greater than the amount of the loan you seek. Of course, if the property is worth a lot more than the loan you seek, your borrowing will be made much easier. Because I struggle daily to find more real estate borrowers, I am convinced there is plenty of money around for your real estate deal. All you need to do is go out and look for the real estate money you need! You can look for this money in a number of ways, such as:
Writing to various lenders asking them if they would be interested in your real estate loan. Calling lenders in your area who might be interested in lending on your real estate proposal.
Visiting in person lenders whom you think would be willing to help you. Looking on the Internet for real estate lenders who might work with you on the deals you have. Reading the Real Estate Section of your local large-city Sunday newspaper, looking for ads run by lenders in your area.
Consulting the various directories of real estate lenders listed at the back of this book to find the names, addresses, and telephone numbers of many lenders. One of these lists contains 2,500 names of active real estate lenders.
So please believe me good friend of mine when I tell you that real estate money is available to you. What you have to do is look for it in a way that you find is suitable to your lifestyle and method of looking! And by using the smart and proven methods we give you in this book, you can borrow your way to real estate riches! Take it from someone who works both sides of the street as:
A Borrower for Real Estate Investment Purposes.
A Lender Who Loans to Real Estate Investors.