What To Do When The Banks Say No!
Is it more traumatic to be told no by a date or a bank? Actually, I m not sure but I can tell you Ive gotten a lot of nos from one of themIm not saying which. For many investors the no from the banks can be a serious problem. How can one possibly do real estate investing without a lender or a large amount of money in the bank?
There is another way to do it. It is referred to by many as private money or a silent partner. It simply means that someone other than a b...
real estate, investment, investing, realty, property, financing, private money
Is it more traumatic to be told no by a date or a bank? Actually, I m not sure but I can tell you Ive gotten a lot of nos from one of themIm not saying which. For many investors the no from the banks can be a serious problem. How can one possibly do real estate investing without a lender or a large amount of money in the bank?
There is another way to do it. It is referred to by many as private money or a silent partner. It simply means that someone other than a bank or a business that does lending is willing to loan you the funds to do what you want to do. When I first heard of it I thought that there cant be very many people out there willing to do that.
As I have used private money myself, I have realized that there are definitely enough people out there that are willing to do it. There can be a wide variety of reasons as to why they would want to, but it comes down to this they want to make money and believe that you can d
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