Tue, Dec 02, 2008
|
TCI Shopping
|
|
Featured TCI Properties |
|
|
,
|
|
|
|
Creating Private Lenders
| | Monday, November 17, 2003 @ 10:52 AM EST
|  Printer Friendly Page
 Send this Story to a Friend |
Contributed by: Derrick Jenkins
Derrick Jenkins Properties
Read more archived articles about Buying
For some who believe you need your own money to do real estate...that's even if you need money at all....if you can show people you are serious and are making things happen, people will give you money without thinking twice.
By just flapping my lips I was able to tell people what I was doing, a little about how I was doing it, the returns I was making, and that I was always looking for private lenders. I have people ready to cut me checks 10K 20K 30 thousand dollar checks because they believe and trust me. The beautiy of all this, you set your own terms.
Make it worth their while....give them
options and let them tell you how they want to get paid. Draft a little booklet and show them some possible returns.
What I show them is:
On a 10K investment, I will give you
0.05 Points
16% interest paid out quarterly
2 months prepayment penalty.
On a 10K investment over the course of 3 months they would receive:
500 from the points charged
400 from the interest
266.66 from the Pre Payment Penalty
A total of $1,166.66 return on their investment.
Play with it. 20% interest no points. 1 month PPP.
the list goes on and on of how you could structure these things. make it worth your while as well as theirs. structure things short term and long term.
Have Fun
Word Cloud:
return />
0.05 receive: />
a />
play lenders believe term. beautiy will tell ready looking short returns />
the twice. paid happen, over />
400 terms. options paid. make />
2 creating things. what penalty investment list investment. payment give />
266.66 just $1,166.66 some money little goes structure want prepayment booklet would need month checks without lips ppp. months />
make />
what thinking />
500 theirs. charged flapping these trust have always thousand serious about show could />
have returns. points. />
by worth points quarterly doing possible because while....give all....if this, investment, course while />
on draft doing, well with penalty. private even long real they estate...that's them making, term />
16% things making dollar able people lenders. total interest
|
|
| |
Average Score: 4.10
Votes: 29
|
|
|
|
|
Logged In members can moderate all comments.
|
|
