One of the most valuable
abilities you can have at your removal as a swift turn real estate investor is
the ability to raise cash from private sources to meet any funding need. If you
become an expert at raising private wealth you will have urbanized a skill that
is highly valuable to you as well as to those you works with.
The potential uses of finances
from private money are limited only by the limits of your cleverness, but there
are some common scenarios where they can be applied to great effect. For rehab investors
private funds can be used for purchase and repair costs and paid back when the
property is sold or refinanced.
If a juicy deal is about to go
down the tubes due to an early foreclosure, you can use private money to
postpone the foreclosure and save the deal, paying the money back when it
closes. Another example where fast confidential funding can come in handy is
any time you want to execute a double closing and the title company requires
that you have the cash on hand for the purchase.
No comments:
Post a Comment