Performance Proeprty

Performance Property Real Estate Question

Critical Mistake New Investors Make With Private Lenders

Q: Gerald, I want to start flipping properties, but I need to get some private lenders lined up first.  Do you have any tips you can share with me? Valerie, San Diego, CA. A: The first thing that you – or any investor –  needs to do is to identify a good, profitable real estate deal to invest in.  As far as lining up private lenders first before you do anything, that’s unlikely. “Give me money!” is not a compelling pitch to a potential private lender. In general, there are two things you need to prove to a private lender before they’re going to lend you money.  The first thing is that the deal you are investing in is secure. You really […]

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