There’s a unique opportunity right in front of you that you can take advantage of this week between Christmas and New Year. While everyone else is binge-eating and drinking you can and should make your real estate plan for next year: Focus on what you are going to do (the type of properties you want to focus on as well as the specific geographic areas you want to target as well) AND what you’re not going to do, because there are only 168 hours in a week and there are way more real estate opportunities in your life than you can ever realistically be able to pursue to get meaningful results so you have to choose. I know the fear […]
continue reading 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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