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Four Ways To Get Money From Your Real Estate Without Selling! Posted By: Michel Lautensack If you have an existing piece of income producing real estate that you bought within the last couple years, you most likely have a significant amount of equity in that property. Even if you put a traditional 80% mortgage on the property when you purchased you may now have anywhere from 20% to as much as 60% to 70% equity on the property. How do you get that money out and put it to use in a new investment or use it to pay bills without selling your property. Well, here are my top 4 ways to put cash in your pocket without having to SELL your real estate… Place a private second mortgage on your property One of the best ways to get cash out of the property is by borrowing money from a private lender and giving them a second mortgage on the property as security. By way of an example, if you bought a property 5 years ago for $100,000 and put an $80,000 mortgage on the property at the time of purchase you had $20,000 equity.real estate investing private lenders money real estate investing private lenders money Private Lender Note Clauses That Make You Money! Posted By: Michel Lautensack One of the most important documents you will ever sign with a private lender is the actual Note that creates the loan obligation. In a typical private lender transaction, you, the real estate investor (borrower), borrow money from a private individual (private lender) and that transaction is documented by a Note and Mortgage. The Note lays out the terms and conditions under which the private lender is willing to lend you money and under which you are willing to borrow money. The Mortgage is the security document for the borrower’s performance under the Note and usually is secured by a piece of real estate you own or are about to purchase. The Note is where you want to control the private lending process in your favor and give you the control and flexibility you may need in the future. If the Note does not contain the right clauses, you are potentially giving away tremendous control to your private lender and, ultimately tying your hands. When dealing with private lenders, it is critically important that you remain in control of your future options.real estate investing private lenders money real estate investing private lenders money Discover How To Turn Your Real Estate Business Into A Cash Machine – Using Other Peoples Money Posted By: Michel Lautensack Like many real estate investors, I started out investing in real estate using my own money and credit. This worked fine for the first few deals. But eventually, as I purchased 20 to 30 properties, my lender at the time, Washington Mutual, cut me off from further deals and my personal funds dried up. I had built up a great deal of real estate equity, but was locked out from doing other deals with my traditional lender and could barely pay for my own groceries. I had to find another way to fund real estate deals or my investing career was over. This is when I discovered private lenders who have funds to lend for real estate deals, but do not want the headaches and paperwork to actually manage tenants or properties. These individuals are generally middle class people, like you and me, who have some extra funds to lend. They can be retired business people, corporate executives, professionals such as doctors, lawyers, or business owners or even blue collar workers all looking for returns substantially above the 3% to 5% they get at the banks. Let me first explain my definition of "Private Money".real estate investing private lenders money real estate investing private lenders money 相关的主题文章:

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