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You probably won’t want to do this once you’ve built a reputation and it’s easier to find private money lenders, but at the beginning (and for larger projects), you might consider making the investor an equity partner in the deal. That is, rather than paying monthly interest payments, the investor gets a percentage of the profit from the deal. You can decide what percentage that is, but 50% is a pretty compelling number if you’re really trying to convince someone to lend you ...money. READ MORE - https://www.callporter.com/how-to-find-secure-private-mone/

The biggest objection that private money lenders will have (especially when they’re working with someone new) is that they want to make sure they’re not going to lose money. This means you have to build trust with them and show them that you’re going to take their investment money very seriously and that the properties you purchase are low-risk. So it’s a good idea to overdeliver on your due diligence.... Walk the investor through all of the comps, show them pictures and give them a breakdown of repair costs. The more honest, transparent, and confident you are about the deal they’re investing in, the more likely they are to lend you money. READ MORE - https://www.callporter.com/how-to-find-secure-private-mone/

Using your own money to fund real estate deals is a difficult (and slow) way to grow your business assuming that you’re a normal person who doesn’t have millions of dollars sitting in the bank. Heck, even if you do have money to fund your own deals, securing private money is a great way to do more deals and grow your business.... But how do you find private money lenders? How do you build trust with them, especially if you’re just getting started? And how much interest should you pay them? Let’s talk about that! READ MORE - https://www.callporter.com/how-to-find-secure-private-mone/

Building a relationship with REO buyers can give you access to a lot of future deals that your competitors are completely unaware of. So it’s critical that you consistently perform for REO agents. Even if you’ll break even on one deal, it might be worth doing in order to maintain the relationship with the agent. The goal is to become one of their go-to cash buyers for REO deals.... READ MORE - https://www.callporter.com/5-tips-for-finding-buying-bank-/

Desperation is a bad look on, well, everyone... but especially on salespeople (which in this case, you are). No one wants to work with a salesperson who seems desperate to land the sale. So check yourself before the appointment.... Maybe this is your first appointment or maybe you haven't closed a deal in a while. Because of that, you might be excited or hopeful to try and make a deal with the seller. But that excitement can come off as desperation if you're not careful. Take a few deep breaths. Relax. And only get out of your car once you've reeled in your emotions. Whatever happens, happens. But one thing's for sure: you've got a better chance of closing the deal if you don't look desperate. READ MORE - https://www.callporter.com/4-practical-tips-for-nailing-se/

Maybe it seems that to make a good impression, you should try to impress the seller. You could drive a nice car, wear a nice suit, and show that you mean business... But don't.... Not only does this fancy attire run the risk of making the seller feel uncomfortable and underdressed, it can also backfire during the negotiation process as it did for Ryan when he drove a brand new Range Rover to an appointment and tried to make a low offer. Yeah... *glances at the range rover*... I think you can afford more. Instead, mirror the seller. Drive a basic car -- nothing too nice, nothing too fancy -- and wear business casual clothing. Your goal is to not be underdressed or overdressed. You want the seller to feel as comfortable and relaxed as possible when they're around you. A company-branded polo, jeans, and some loafers will go a long way. READ MORE - https://www.callporter.com/4-practical-tips-for-nailing-se/

It's an important part of the deal-finding process: the appointment. They called, they showed interest, and you were able to schedule a time to come look at their property. But how do you make a good impression at the appointment?... What type of things should you say? What demeanor should you have? What should you wear? How long should you stay? Those are the kinds of questions we're going to answer here. So without further ado, here are 4 practical tips for nailing your seller appointments. READ MORE - https://www.callporter.com/4-practical-tips-for-nailing-se/

Once you've got an idea for how much work the home needs, take that to an investor who's expressed interest in taking properties off your hands. Bring them as much information as you can. And don't leave anything out. Be totally honest about the quality of the home.... Then ask them how much they'd be willing to pay in cash for the property. After looking over the comps, they'll give you a number. What you're doing is reverse-engineering the wholesaling process. Rather than putting a home under contract and then finding a buyer... you're finding a buyer and then putting the home under contract. This is a safer way to find deals when you're learning how to wholesale. READ MORE - https://www.callporter.com/how-to-reverse-the-wholesaling-/