Build Your Wealth as a Private Lender Client or Finder

You can build your riches faster in real estate using Private Lenders in two ways, namely:

1. Asaclient of one,ormore,PrivateLendersgettingloansforyourself.

2. As a finder for one, or more, Private Lenders, finding clients for your lenders.

A good way to act in both these capacities while getting funding for yourself and finding funding for others is to:

Form your own group of three, or more, Private Lenders from whom you hope to obtain your own funding, and loans for clients you bring to your Private Lenders. Bring deals to your Private Lenders as a group either for yourself or for a client of yours seeking a loan.

To form your own group of Private Lenders to get real estate loans for both yourself and others take these easy, and fun, steps:

1. Choose several Private Lenders you think you might want to work with, based on the type, and size of, loans they make. Use the IWS Kit "Private Loan Money and Funding to find suitable lenders. You'll find the Kit listed at the back of this article.

2. Have a preliminary interview with each target lender on the telephone. During your interview get data on the types of loans you might get for yourself.

3. Ask about being a finder for the Private Lender. Have the person you're talking to give you full details on the commission you'll be paid, when you'll receive your payment, and so on.

4. Become friendly with your contact person at each Private Lender. Establish a rapport with this person by finding items of interest to both of you. Work at establishing a first name relationship as quickly as you can.

5. Ask for bare-bones details of previous loan deals the Private Lender has made. Get data on:

Loan amount.
Term (payoff time).
Purpose of loan.
Type of property for which the loan was made.

6. Slant your real estate loan deals so they resemble the deals the Private Lender has already made. Similarity of deals makes for speedy approval.

7. Send your Loan Application to your friend at the Private Lender. Do the same for any client deals you may have. Be sure to call your friend before you send your application to alert him or her that it will be arriving on his or her desk soon.

8. Be willing to alter your Loan Application if your friend at the Private Lender advises you to do so.

9. Follow these steps and your chances of getting your real estate loan will zoom. And you may find your income from client commissions, which can run as high as $100,000 for large loans, may give you the down payment money you need for your real estate deals!

Your Key Ideas for Getting Financing from Private Lenders

Private Lenders can provide real estate funding to you faster, with less paperwork, fewer credit checks, and greater friendliness than many highly regulated lenders can.
Private Lenders can be a steady source of real estate loans for you and may even make down payment loans to you for your wealth building.
Private Lenders make dozens of different types of real estate loans, including first and second mortgages, bridge loans, construction loans, down payment funding, and so on. And your credit rating is usually less important with Private Lenders than it is with more traditional lenders.
Private Lender loans can by obtained sooner, and with less paperwork, if you follow the eight key steps given to you in this article.
Private Lenders can be found in numerous sources, many of which are listed in this article.
Private Lenders can be both your source of real estate funding and your source of loans for clients you find who need loan money. You will be paid a finder fee by your clients for finding them funding from Private Lenders.

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Build Your Wealth as a Private Lender Client or Finder

Your Key Ideas for Getting Financing from Private Lenders

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