Real Estate Foreclosure Investing

Real Estate Foreclosure in the United States

Foreclosure is a process in which a piece of real estate becomes the property of a lending institution due to the legal owner’s inability to make scheduled payments on the mortgage or deed of trust.

Foreclosures are spreading all over the country, which means there are opportunities everywhere. Lenders are being overwhelmed with properties they inherit because of bad loans. It is safe to say that most lenders will accept a short sale, however, you may come across one or two who will not discount. If the numbers work out for the lender they will do it.

If you are an investor then you may want to check with some local realtors to see if they are willing to work with you to take advantage of the many foreclosures on the market today. Real-estate is not real good right now, but it is great for those who are willing to buy up the great deals and wait for a better market. That better market will come again to sell and profit.

No one wants to give up their home, but they may be forced to move fast if they lose a job and need to sell. You should be advertising in the paper on a regular basis for buying homes and see what the market brings in. You might be surprised at the great deals that come out if you wait for them to arrive.

The lender will usually request a hardship letter, a HUD-1, and a financial statement from the homeowner. A hardship letter is telling the lender why the homeowners are not making their mortgage payments. Sometimes they will request bank statements, pay stubs, income statements, and so on. Be prepared to send them everything they ask for because if you don’t, your short sale will not be accepted. Do not waste any time! Send everything the lender asks for back ASAP. It usually takes at least 4 weeks or more to get an answer back from the lender, so you can’t afford to wait. If the auction is approaching, you can ask to extend or postpone the auction which in most cases they will, if they know it is a legitimate offer.

Experienced foreclosure investors know that to find homeowners in trouble early, in pre-foreclosure before their competitors, will make them the largest profits. On the other hand, those same homeowners in default desperately seek help to avoid a horrible, unknown fate called foreclosure.

One of the top reasons for this is that banks’ and other lenders’ are chiefly motivated to get rid of these properties, and recover whatever amounts of money they can for them, as soon as possible. They don’t necessarily want, nor do they have the time or know-how, to extract the maximum sales price for a given property.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Why Use Private Money For Real Estate Investing?

There are many reasons a real estate investor might want to have a ready access to private money for real estate investing. This article will explore a few of those reasons.

The first reason to use private money for real estate investing is to protect your credit rating. Think about this… if you borrow the money from a private individual, rather than a bank or lending institution, the loan will never be reported to the credit bureau. It won’t count against your debt-to-income ratio, and no record of the payment history will be kept. No one will ever know about that loan, unless you tell them.

Next, and one of the very best reasons to use private money for real estate investing, is the elimination of paperwork. I have never had to complete a loan application for private money for real estate investing. The lenders I work with all know me and the kind of investing I do. Many of them never even care to see the property. When I apply for a mortgage, on the other hand, the application process itself can take several days, and there are mountains of paper.

Yet another reason to use private money for real estate investing is the ready access to fast cash. Sometimes, when a deal is especially good, moving super-fast is a necessity. With bank financing, that kind of speed is often impossible. Even lines of credit don’t always give you the same speed capability that private lenders do. With one phone call to one of my private lenders, I can tie up a deal that other investors only dream about.

A great reason to use private money for real estate investing is the leverage that it gives you. Think about this… if you have $50,000 of your own money, is it better to pay all cash for a $50,000 property, or to put $50,000 cash down on a $500,000 property and use private lenders to finance the rest?

If you answered the $500,000 property, you’re right- and here’s why. Let’s say the $50,000 property rents for $500 per month, or $6,000 per year. Your Return On Investment (ROI would be 12% the first year ($6,000 divided by $50,000). It’s safe to assume the rent on the $500,000 property might be about 10 times that of the $50,000 property, or about $60,000 for the year. If your payback to your lender totals $4,000 per month, or $48,000 per year, what’s your Return On Investment (ROI) for the $500,000 property? If you answered 24%, give yourself a gold star!

Of course, you would need to take into account the cost of borrowing the money, but even after doing that, you can see there really is no comparison. Using private money for real estate investing gives you something called leverage. Leverage is the ability to move something very large with something very small… a lever. The lever, in this case, is your small amount of cash ($50,000). With it, you can “move” or control a $500,000 property, because the private lender’s money increases the power of your “lever”.

Here I’ve given you a few of the many great reasons for using private money for real estate investing. There are more, but you should have a clear picture of why private money can be so useful in your real estate investing toolkit. If you would like more information, I have written another article on my website titled Private Money For Real Estate Investing.

Now, go make more offers!

Why Use Private Money For Real Estate Investing?

There are many reasons a real estate investor might want to have a ready access to private money for real estate investing. This article will explore a few of those reasons.

The first reason to use private money for real estate investing is to protect your credit rating. Think about this… if you borrow the money from a private individual, rather than a bank or lending institution, the loan will never be reported to the credit bureau. It won’t count against your debt-to-income ratio, and no record of the payment history will be kept. No one will ever know about that loan, unless you tell them.

Next, and one of the very best reasons to use private money for real estate investing, is the elimination of paperwork. I have never had to complete a loan application for private money for real estate investing. The lenders I work with all know me and the kind of investing I do. Many of them never even care to see the property. When I apply for a mortgage, on the other hand, the application process itself can take several days, and there are mountains of paper.

Yet another reason to use private money for real estate investing is the ready access to fast cash. Sometimes, when a deal is especially good, moving super-fast is a necessity. With bank financing, that kind of speed is often impossible. Even lines of credit don’t always give you the same speed capability that private lenders do. With one phone call to one of my private lenders, I can tie up a deal that other investors only dream about.

A great reason to use private money for real estate investing is the leverage that it gives you. Think about this… if you have $50,000 of your own money, is it better to pay all cash for a $50,000 property, or to put $50,000 cash down on a $500,000 property and use private lenders to finance the rest?

If you answered the $500,000 property, you’re right- and here’s why. Let’s say the $50,000 property rents for $500 per month, or $6,000 per year. Your Return On Investment (ROI would be 12% the first year ($6,000 divided by $50,000). It’s safe to assume the rent on the $500,000 property might be about 10 times that of the $50,000 property, or about $60,000 for the year. If your payback to your lender totals $4,000 per month, or $48,000 per year, what’s your Return On Investment (ROI) for the $500,000 property? If you answered 24%, give yourself a gold star!

Of course, you would need to take into account the cost of borrowing the money, but even after doing that, you can see there really is no comparison. Using private money for real estate investing gives you something called leverage. Leverage is the ability to move something very large with something very small… a lever. The lever, in this case, is your small amount of cash ($50,000). With it, you can “move” or control a $500,000 property, because the private lender’s money increases the power of your “lever”.

Here I’ve given you a few of the many great reasons for using private money for real estate investing. There are more, but you should have a clear picture of why private money can be so useful in your real estate investing toolkit. If you would like more information, I have written another article on my website titled Private Money For Real Estate Investing.

Now, go make more offers!

Real Estate Foreclosure Investing

Real Estate Foreclosure in the United States

Foreclosure is a process in which a piece of real estate becomes the property of a lending institution due to the legal owner’s inability to make scheduled payments on the mortgage or deed of trust.

Foreclosures are spreading all over the country, which means there are opportunities everywhere. Lenders are being overwhelmed with properties they inherit because of bad loans. It is safe to say that most lenders will accept a short sale, however, you may come across one or two who will not discount. If the numbers work out for the lender they will do it.

If you are an investor then you may want to check with some local realtors to see if they are willing to work with you to take advantage of the many foreclosures on the market today. Real-estate is not real good right now, but it is great for those who are willing to buy up the great deals and wait for a better market. That better market will come again to sell and profit.

No one wants to give up their home, but they may be forced to move fast if they lose a job and need to sell. You should be advertising in the paper on a regular basis for buying homes and see what the market brings in. You might be surprised at the great deals that come out if you wait for them to arrive.

The lender will usually request a hardship letter, a HUD-1, and a financial statement from the homeowner. A hardship letter is telling the lender why the homeowners are not making their mortgage payments. Sometimes they will request bank statements, pay stubs, income statements, and so on. Be prepared to send them everything they ask for because if you don’t, your short sale will not be accepted. Do not waste any time! Send everything the lender asks for back ASAP. It usually takes at least 4 weeks or more to get an answer back from the lender, so you can’t afford to wait. If the auction is approaching, you can ask to extend or postpone the auction which in most cases they will, if they know it is a legitimate offer.

Experienced foreclosure investors know that to find homeowners in trouble early, in pre-foreclosure before their competitors, will make them the largest profits. On the other hand, those same homeowners in default desperately seek help to avoid a horrible, unknown fate called foreclosure.

One of the top reasons for this is that banks’ and other lenders’ are chiefly motivated to get rid of these properties, and recover whatever amounts of money they can for them, as soon as possible. They don’t necessarily want, nor do they have the time or know-how, to extract the maximum sales price for a given property.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

For A New Real Estate Investor The Idea Of Investing In Foreclosures Can Look Temptingly Attractive

You might be looking for “How to make a zillion dollars in 3 months”, well, you won’t find that here but if you want some practical tips, you came to the right place. Read on …

To the newbie real estate investor, foreclosures can look temptingly attractive. Who wouldn’t want to make a quick profit of 50% or more? But whether a foreclosure deal is really sugar or merely sweet-tasting arsenic depends on a list of complex factors.

Foreclosure is an officially permitted process in which a mortgage holder repossess a property due to failure to pay on a loan. Some states in the U.S. allow ’strict’ foreclosure ? the borrower has a definite time in which to bring the debt up to date, after this, the title reverts back to the lending institution.

You want to stay out of any legal processes going on concerning a property. Don?t get tempted to jump in and help the current owner in hopes of partial or whole ownership, this is suicidal. Pick another great deal. Never fall in love with a property. You have to maintain a business-like demeanor in all your dealings.

Be sure you understand that in many foreclosure proceedings, a borrower might have the ‘right of redemption’. This legal claim will let them have a particular amount of time in which to ‘cure the loan’. That is, they are allowed to make back payments, shore up credit, etc., and then they are allowed to reclaim property title to, and the possession of, the property. Beware!

As soon as the foreclosure procedure is complete, or at minimum unavoidable, you may initiate an action plan to obtain the real estate. Watch for transactions in which, at least, a Notice of Default has been given out.

Public sales on foreclosed possessions are common but can be complicated. Always do your homework before actually making a bid on a property. There’s no alternative for gaining first hand familiarity of the physical state and legal standing of a property.

Be sure to take into account that foreclosures are sold ‘as is ‘, or, in its present condition. Contrasting other property sales, no warranties are made available and no title insurance approved.

At least, you’ll be required to have a professional inspection carried out, even if you are a well-informed investor. Some investors are, of course, qualified inspectors themselves ? besides wearing various other hats.

The property does not need to be free of every little fault, but you’ll want to be aware of the roof - does it or does it not need to be replaced, that the plumbing is ok, there are no severe foundation cracks, or possibility for flooding, etc. If any of those are there, they can be satisfactory if you’re searching for a ‘fixer-upper’ and are prepared to invest the time and funds to make repairs. Mark down your offer for that reason.

Soon you will hear about a ’short sale’ deal. That is, this comes about when a lender is prepared to allow lower cash settlement for a property than is outstanding on the loan now.

And yet another kind of foreclosure situation is the REO ? real estate owned (by the lender). Usually these are properties that were auctioned but no one bought them. You can, potentially, get an extremely good deal, but you will need to exercise extreme caution and keep your eyes wide open.

Ok, so bear in mind to follow a line of investigation. Have a systematic inspection done and complete a satisfactory title search. Any key defects or impediments in the form of tax or other liens have to factor big in your strategy.

Real estate, like other endeavors in life, requires diligence and a grasp of the fundamentals to be successful. Learn to tell the difference between a good deal and one to walk away from without losing your shirt in the process.

All things considered, real estate investing is still the best game in town. So go out and make your fortune and say ‘Hi’ to Donald Trump for me!

Beginning Real Estate Investing? Increase Your Profits With The Magic Of Leverage

When you invest your money in things like RRSP’s or stocks and bonds your leverage is zero because you have used your own money and none of other people’s money. When you buy a home with a mortgage you have used leverage, which is common in most all real estate investments. You own the down payment of coarse but the lending institution owns the rest.

You bought a house for $100,000 with a $5,000 down payment. The OPM you used, or leverage is 95% and your down payment was 5%. Here lies one of the most important principles for someone just beginning real estate investing or even if you’re well into it:

The More Leverage You Use, The Greater Your Profit Potential.

Now the house you bought for $100,000 has increased in value up to $105,000 in just under a year, not bad. It only appreciated 5% but the good news is the return on YOUR investment is 100% because you invested $5,000, it went up $5,000 so you doubled your money earning a full 100% on your investment. Let’s say that over the next 10 years your property goes up to $25,000 in value, this will give you a 500% return on your money. Leverage is computed by dividing the increase in value by the cash down payment (25 divided by 5 is 5).

If you had $100,000 you could buy one property outright with your cash or you could make a lot of money with leverage and buy 20 properties by putting $5,000 down on each one. So, now instead of having a $100,000 property you’ve got $2,000,000 worth of property. Now let’s say the properties all appreciated by 5% during the first year your profits would be $100,000. If you had bought just the one property instead you would have only made $5,000 in profits.

As you can see, the less of your own money you use, the greater your profit potential and if you were able to buy a property with none of your own money, then the return on your investment is infinite. You can’t divide by a zero down payment. To figure out the return on investment from appreciation, taxes, or principle reduction, always divide by your cash down payment.

We have seen here how leverage can increase you chance for profits, but if you are financially unprepared it can greatly increase your potential risk. Higher earning strategies always have a higher risk potential that go along with them. The super save route of investing the entire $100,000 into one property is totally safe but will give you a much lower ROI. Those 20 properties you bought all have a mortgage on them which you are responsible for so if a few aren’t rented or the rents don’t get paid the money comes out of your pocket. Does this additional risk warrant the use of leveraging? Yes it does but you have to plan ahead and be prepared to handle any possible negative cash flow problems should they arise.

“How to handle negative cash flow” will be discussed in an upcoming article.

Why Use Private Money For Real Estate Investing?

There are many reasons a real estate investor might want to have a ready access to private money for real estate investing. This article will explore a few of those reasons.

The first reason to use private money for real estate investing is to protect your credit rating. Think about this… if you borrow the money from a private individual, rather than a bank or lending institution, the loan will never be reported to the credit bureau. It won’t count against your debt-to-income ratio, and no record of the payment history will be kept. No one will ever know about that loan, unless you tell them.

Next, and one of the very best reasons to use private money for real estate investing, is the elimination of paperwork. I have never had to complete a loan application for private money for real estate investing. The lenders I work with all know me and the kind of investing I do. Many of them never even care to see the property. When I apply for a mortgage, on the other hand, the application process itself can take several days, and there are mountains of paper.

Yet another reason to use private money for real estate investing is the ready access to fast cash. Sometimes, when a deal is especially good, moving super-fast is a necessity. With bank financing, that kind of speed is often impossible. Even lines of credit don’t always give you the same speed capability that private lenders do. With one phone call to one of my private lenders, I can tie up a deal that other investors only dream about.

A great reason to use private money for real estate investing is the leverage that it gives you. Think about this… if you have $50,000 of your own money, is it better to pay all cash for a $50,000 property, or to put $50,000 cash down on a $500,000 property and use private lenders to finance the rest?

If you answered the $500,000 property, you’re right- and here’s why. Let’s say the $50,000 property rents for $500 per month, or $6,000 per year. Your Return On Investment (ROI would be 12% the first year ($6,000 divided by $50,000). It’s safe to assume the rent on the $500,000 property might be about 10 times that of the $50,000 property, or about $60,000 for the year. If your payback to your lender totals $4,000 per month, or $48,000 per year, what’s your Return On Investment (ROI) for the $500,000 property? If you answered 24%, give yourself a gold star!

Of course, you would need to take into account the cost of borrowing the money, but even after doing that, you can see there really is no comparison. Using private money for real estate investing gives you something called leverage. Leverage is the ability to move something very large with something very small… a lever. The lever, in this case, is your small amount of cash ($50,000). With it, you can “move” or control a $500,000 property, because the private lender’s money increases the power of your “lever”.

Here I’ve given you a few of the many great reasons for using private money for real estate investing. There are more, but you should have a clear picture of why private money can be so useful in your real estate investing toolkit. If you would like more information, I have written another article on my website titled Private Money For Real Estate Investing.

Now, go make more offers!

3 Good Reasons Why You Should use an Attorney for Your Real Estate Investing

Skimping on attorney fees could cost you more than you bargained for when investing in real estate. New real estate investors often save money on their rehabs by cutting corners, doing work themselves and trying not to spend any money to make money. When it comes to having a good real estate attorney though be prepared to spend away.

You have to ask yourselves what you are willing to pay for a piece of mind especially if you deal with tenants. A few good contracts written up by your attorney will easily be worth it after your first eviction or foreclosure.

You can find hundreds of template contracts and real estate forms on the Internet, but just how legal are they? Ask yourselves why they almost always recommend you have your own attorney look them over anyway.

There are hundreds of reasons to use a real estate attorney in your wealth building, but here are my three favorites:

Title opinions. In some states you are required to buy title insurance to guarantee the marketability of your property. In others it is recommended to get a title opinion. A title opinion is the opinion of an Attorney regarding the merchantability of title based upon the title examination and commonly is written to a lending institution who will rely on this title opinion for the validity and ranking of its mortgage. This process could get pretty complex especially when dealing with vacant, bank owned and estate property.

Tenant Forms. If you have rental units it is imperative that you have a real estate attorney look over your documents to make sure that the language is specific to your situation and state. Tenant law in Iowa may not be the same as tenant law in Nevada. Trust me, if any wording is wrong in your 3-day notice or eviction paper work the magistrate or judge will spout out some state statute, your tenant will get to stay and you will have to start all over.

Leads. Attorneys can be a great source for leads. Motivated sellers often come from extenuating circumstances like divorces, bankruptcies and estates. If you have a good relationship with a real estate attorney perhaps you can help his clients out when they find themselves in situations like any of the above.

If you are new to real estate investing a real estate attorney should be on your team anyway, if you don’t have one yet be sure to find one fast. Your realtor or banker should be able to recommend a good one for you.

About the Author

Robb Beltran is an active real estate investor and publisher of the Real Estate Info Network. The Real Estate Info Network promotes real estate education through real estate seminars, e-books and real estate investing courses. www.realestateinfonetwork.com www.belstarproperties.com

Tags: 3 Good Reasons, Attorney Fees, Contracts And Real Estate, Cutting Corners, Eviction, Foreclosure, Great Source, Investing In Real Estate, Lending Institution, Magistrate, Marketability, Merchantability, Piece Of Mind, Real Estate Investors, Rehabs, Spout, Tenant Forms, Tenant Law, Title Insurance, Wealth Building

For A New Real Estate Investor The Idea Of Investing In Foreclosures Can Look Temptingly Attractive

November 14, 2009 by Kenny Santos  
Filed under Real Estate Investing

Leave a Comment

You might be looking for “How to make a zillion dollars in 3 months”, well, you won’t find that here but if you want some practical tips, you came to the right place. Read on …

To the newbie real estate investor, foreclosures can look temptingly attractive. Who wouldn’t want to make a quick profit of 50% or more? But whether a foreclosure deal is really sugar or merely sweet-tasting arsenic depends on a list of complex factors.

Foreclosure is an officially permitted process in which a mortgage holder repossess a property due to failure to pay on a loan. Some states in the U.S. allow ’strict’ foreclosure ? the borrower has a definite time in which to bring the debt up to date, after this, the title reverts back to the lending institution.

You want to stay out of any legal processes going on concerning a property. Don?t get tempted to jump in and help the current owner in hopes of partial or whole ownership, this is suicidal. Pick another great deal. Never fall in love with a property. You have to maintain a business-like demeanor in all your dealings.

Be sure you understand that in many foreclosure proceedings, a borrower might have the ‘right of redemption’. This legal claim will let them have a particular amount of time in which to ‘cure the loan’. That is, they are allowed to make back payments, shore up credit, etc., and then they are allowed to reclaim property title to, and the possession of, the property. Beware!

As soon as the foreclosure procedure is complete, or at minimum unavoidable, you may initiate an action plan to obtain the real estate. Watch for transactions in which, at least, a Notice of Default has been given out.

Public sales on foreclosed possessions are common but can be complicated. Always do your homework before actually making a bid on a property. There’s no alternative for gaining first hand familiarity of the physical state and legal standing of a property.

Be sure to take into account that foreclosures are sold ‘as is ‘, or, in its present condition. Contrasting other property sales, no warranties are made available and no title insurance approved.

At least, you’ll be required to have a professional inspection carried out, even if you are a well-informed investor. Some investors are, of course, qualified inspectors themselves ? besides wearing various other hats.

The property does not need to be free of every little fault, but you’ll want to be aware of the roof - does it or does it not need to be replaced, that the plumbing is ok, there are no severe foundation cracks, or possibility for flooding, etc. If any of those are there, they can be satisfactory if you’re searching for a ‘fixer-upper’ and are prepared to invest the time and funds to make repairs. Mark down your offer for that reason.

Soon you will hear about a ’short sale’ deal. That is, this comes about when a lender is prepared to allow lower cash settlement for a property than is outstanding on the loan now.

And yet another kind of foreclosure situation is the REO ? real estate owned (by the lender). Usually these are properties that were auctioned but no one bought them. You can, potentially, get an extremely good deal, but you will need to exercise extreme caution and keep your eyes wide open.

Ok, so bear in mind to follow a line of investigation. Have a systematic inspection done and complete a satisfactory title search. Any key defects or impediments in the form of tax or other liens have to factor big in your strategy.

Real estate, like other endeavors in life, requires diligence and a grasp of the fundamentals to be successful. Learn to tell the difference between a good deal and one to walk away from without losing your shirt in the process.

All things considered, real estate investing is still the best game in town. So go out and make your fortune and say ‘Hi’ to Donald Trump for me!

Find out how to make money investing in foreclosures and flipping real estate properties by visiting http://www.successful-real-estate-investing-tips.info , a popular real estate investing website that offers advice, tips and free real estate investing advice.

Tags: Amount Of Time, Arsenic, Definite Time, Demeanor, Familiarity, Foreclosure Procedure, Foreclosure Proceedings, Foreclosures, Homework, Legal Claim, Legal Processes, Lending Institution, Mortgage Holder, Notice Of Default, Possession, Possessions, Quick Profit, Real Estate Investor, Right Of Redemption, Zillion Dollars

Why Use Private Money For Real Estate Investing?

October 4, 2009 by Kenny Santos  
Filed under Real Estate Investing

Leave a Comment

There are many reasons a real estate investor might want to have a ready access to private money for real estate investing. This article will explore a few of those reasons.

The first reason to use private money for real estate investing is to protect your credit rating. Think about this… if you borrow the money from a private individual, rather than a bank or lending institution, the loan will never be reported to the credit bureau. It won’t count against your debt-to-income ratio, and no record of the payment history will be kept. No one will ever know about that loan, unless you tell them.

Next, and one of the very best reasons to use private money for real estate investing, is the elimination of paperwork. I have never had to complete a loan application for private money for real estate investing. The lenders I work with all know me and the kind of investing I do. Many of them never even care to see the property. When I apply for a mortgage, on the other hand, the application process itself can take several days, and there are mountains of paper.

Yet another reason to use private money for real estate investing is the ready access to fast cash. Sometimes, when a deal is especially good, moving super-fast is a necessity. With bank financing, that kind of speed is often impossible. Even lines of credit don’t always give you the same speed capability that private lenders do. With one phone call to one of my private lenders, I can tie up a deal that other investors only dream about.

A great reason to use private money for real estate investing is the leverage that it gives you. Think about this… if you have $50,000 of your own money, is it better to pay all cash for a $50,000 property, or to put $50,000 cash down on a $500,000 property and use private lenders to finance the rest?

If you answered the $500,000 property, you’re right- and here’s why. Let’s say the $50,000 property rents for $500 per month, or $6,000 per year. Your Return On Investment (ROI would be 12% the first year ($6,000 divided by $50,000). It’s safe to assume the rent on the $500,000 property might be about 10 times that of the $50,000 property, or about $60,000 for the year. If your payback to your lender totals $4,000 per month, or $48,000 per year, what’s your Return On Investment (ROI) for the $500,000 property? If you answered 24%, give yourself a gold star!

Of course, you would need to take into account the cost of borrowing the money, but even after doing that, you can see there really is no comparison. Using private money for real estate investing gives you something called leverage. Leverage is the ability to move something very large with something very small… a lever. The lever, in this case, is your small amount of cash ($50,000). With it, you can “move” or control a $500,000 property, because the private lender’s money increases the power of your “lever”.

Here I’ve given you a few of the many great reasons for using private money for real estate investing. There are more, but you should have a clear picture of why private money can be so useful in your real estate investing toolkit. If you would like more information, I have written another article on my website titled Private Money For Real Estate Investing.

Now, go make more offers!

Crush The Biggest Obstacle to Your Success in Real Estate… or Anything Else! Download my FREE report HERE! Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. You may not remove this text. ? 2007 by Tom Dunn. Website: DealFiles.com e-mail: tom@dealfiles.com

Tags: Application Process, Bank Financing, Credit Bureau, Credit Rating, Debt To Income Ratio, Hellip, Lending Institution, Leverage, Loan Application, Money Lenders, Paperwork, Payment History, Phone Call, Private Individual, Private Lenders, Private Money, Real Estate Investing, Real Estate Investor, Rents, Speed Capability

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