As a real estate investor, the availability to attract private money is vital for the success of your real estate investing business. By providing a website explicitly designed to attract and persuade private money lenders and potential investors that your business is the best to invest their money in is therefore mandatory.
But you must have the suitable private money investor website in order to meet this need a website that is clean, professionally designed and laid out, and most importantly, one that leaves no doubt in potential private money investors minds that their money is best invested in your business.
Finding the appropriate web site is therefore critical. Firstly, why must you have private money sources?
1) Do you like the deal? You are funded!
Can you employ regular funding for a deal with creative financing (such as taking over payments)? Even if such a deal can make you $100,000? Very fanciful!
No financial institution will lend you money unless it is a straight traditional purchase; not in my knowledge.
With a ready source of private money you can turn to in at a moments notice, you may transact all the real estate deals you can get; if you like it, you got it.
2) Close more transactions
With private money, you call the shots. As such, you can do deals that other real estate investors would not deal with simply because you have money in the bank from your private money lenders.
With private money you can close on real estate deals any time, even with time limitations. Regular banks generally take at least 30 days to finance a deal, and come with tons of under-writing conditions.
Hard money lenders lend only on real estate transactions under certain conditions (like 70% minus repairs) . With private money real estate loan conditions, such stipulations do not exist.
3) Private money is less costly
Interest charges of hard money loans are at least 16% plus points. Ordinary loan sources will not even consider any transaction unless these deals are straightforward.
4) It is not necessary to spend your own money
Hard money sources demand the first month interest as well as additional points before. Hard money lenders will not advance rehab funds, so you need a good bank balance even for a small real estate deal.
Conservative lenders will ask for counterpart funds from you, most times about 10%-20% . Private money does not have those preconditions.
Real estate investing websites for attracting private money
With a professional real estate investing private money lender website presenting you as a successful real estate investor, private money investors can trust you with their money. As a result, you can tap private money resources to finance your real estate deals others can only wish for.
You should have a private money web site specially crafted for drawing private money sources interest to back your business. Naturally, you will not wish to appear haphazard to potential private money investors and financiers.
So the website should portray you as a successful businessman and real estate investor who is knowledgeable and top notch in his field. The website portrayal should make you as a knowledgeable, professional real estate investor who is successful and a leader in his field that private money investors can count on.
The content of the private money investor website should be professionally written to persuade private money lenders that you are the best real estate investor for their cash. It should also be fully optimized for search engines.
Selecting the correct private money lender website in pursuit of this aim is hence a vital requirement for your business success.