No money, no problem! How to find money without going to the bank!!!
Here’s how it works…first you find or do marketing to find individuals interested in earning 10-15% interest on investments secured with real estate. You’ll find these prospects everywhere. They belong to your local investors association like REIAs, your church, your social clubs, they’re your friends and family, your neighbors next door. You’ll be surprised how easily you’ll locate them, and soon, they’ll be searching you out. Just let everyone know that you pay high interest for their loans on your real estate projects.
As prospects express interest explain that the investments are secured by real estate and do not exceed 75% loan-to-value (LTV) of the after repaired value of the home. Each investment is based on a specific property, and they can decline any property with which they are not comfortable. All you require is that they approve quickly (within 48 hours), and can fund within 7-10 days or less. Once they have approved the investment, the funds are wired to the closing attorney to be held in escrow. After the closing, the lender will receive a Promissory Note from you (either personally, from your business entity, or both), a Deed To Secure Debt (mortgage) on the property, lenders’ title insurance, and listed as a mortgagee on the hazard insurance policy. Not that hard! They can even lend from their IRA's!
Learn more on http://www.investingwiththestars.net/season2. Sign up and get much more information for free! Nancy Geils, Investing with the Stars