Read this Private Money Lender book, then you will know that investing in real estate is one of the most widely used strategies to generate passive income and build wealth. But you may not have the time or desire to own rental properties or to flip homes. Maybe it’s something you have already been doing but want to explore new ways to re-invest your money into the real estate market.
It’s no secret that investing in real estate is one of the smartest and safest alternatives to the stock market as a way to grow and protect your financial future. This is especially true in residential real estate. Unlike the stock market, we can actually see and touch a house which makes it easier to understand what we are investing in.
So why do so many hard-working people feel that investing in real estate is out of their reach? There are two big reasons, and sadly, both are myths.
Thanks to reality TV, many people think the only wy to profit from residential real estate is knowing how to swing a hammer and having a willingness to get your hands dirty. It’s something that most people just don’t have the time or desire to do.
The only option available to invest for retirement through a 4011k or IRA account is with stocks and mutual funds.
Maybe you feel the same way, too. We can bust both those myths right now with three words.
PRIVATE MORTGAGE LENDING
Myth One: Private mortgage lending provides an excellent opportunity for those who want to invest in real estate without getting their hands dirty. By taking on the role of the bank, private mortgage lending allows people just like you to take advantage of the tremendous opportunities in residential real estate investing without being involved in the day-to-day ativities of a full-time investor.
Myth Two: Many private money lenders have discovered they can avoid the ups and downs of the stock market with their retirement accounts by converting a traditional 401k or IRA to a Self-Directed Retirement Account which allow them to invest estate through private mortgage loans and enjoy passive returns without sending their hard-earned capital to Wall Street.
Think of the peace of mind that comes with not just investing securely in your own backyard but knowing that your investment is helping to restore and revitalize neighborhoods in your community and employ local contractors and trades. It truly makes private money lending a win-win-win situation.
If you’re consider becoming a private mortgage lender, you probably have a lot of questions…
- What does a good deal look like?
- How do I find good investors to lend to?
- What if I have to foreclose?
You’re not alone. One thing I’ve realized from helping private lenders navigate through the process is that they all have a lot of common questions and concerns in the beginning. It’s certainly understandable. Becoming a private mortgage lender can be a scary and confusing process. But it doesn’t have to be.
You see, there are quite a few myths and misconceptions around Private Mortgage Lending. While some of these might just be harmless misinformation, others can have a big impact on your success because they are just not true.
I’ve also seen a lot of people make some costly mistakes that could have easily been avoided if they just had the right information and answers to their questions. That’s why the book was written – to help you navigate your way through the maze and make an informed decision. No fluff, no technical jargon, only straight information you want to know and NEED to know before taking the first step in protecting and growing your assets as a private mortgage lender.
In this book, the focus will be on investments in single-family homes. We’ll cover the benefits, pros and cons of different investment strategies, how to analyze borrowers, go over all the necessary paperwork, and answer the most pressing questions we get from new private lenders.
I’ll also dispel the biggest myths and misconceptions that prevent people from taking advantage of huge opportunities as well as share the most common mistakes new lenders make and how those mistakes can be avoided.
Let me be clear. While this book is packed full of valuable information about the most common issues you may be facing, it doesn’t have all the answers. That would be impossible because the truth is there is no single right answer for everyone. Every situation is unique.
So, if you have a question or concern that’s not addressed in this book, give me a call at (206) 249-9759 or shoot me an email at [email protected]. I’m here to help!