Get The Real Estate Loan You Need

MANY PEOPLE WANTS TO GET INTO REAL ESTATE find good properties. What almost all these lack is the down payment money for the property they want to buy. What can they do? Here are your answers:

1. Decide what type of properties you want to own and get an income from--in your spare time.

2. Look for lenders in your area who are willing to lend on the type of property you want to own.

3. Prepare a good business plan showing how the properties you buy--and own--will earn a profit for you and your lender.

4. Spend lots of time looking for a suitable lender. Why? Because all you need is one lender and you can be on your way to great wealth.



TO SHOW YOU HOW THIS CAN WORK FOR YOU here's the real-life experience of an our reader who used the steps to start building his real estate fortune in residental properties. Located in the midwest, he:

1. Bought 12 properties in four months using a local lender who's willing to loan on low-income housing.

2. Concentrated on 2-to 4-family units because this is the type of property the lender prefers.

3. Is able to buy such properties at 80% of their market value because not many people are interested in them.

4. Has mortgages out--that is got cash at the closing for each property he bought. These 12 properties have netted him$40,000 in mortgage-out cash in 4 months.

5. Is certain that each property will give him a positive cash flow before he agrees to buy it.



HE LOOKED FOR LENDERS FOR A LONG TIME before he found one who was willing to work with him. When he found a suitable lender, the loan officer assigned to him said: "This is what we can do for you. If you follow our rules and guidelines we can":

1. refinance a land contract you put on property for 80% of the property's market value.

2. Will lend up to 85% of the appraised value of the property, provided it is in our lending area.

3. Will make your loans quickly without a lot of paperwork if you follow our rules and guidelines.



YOU--TOO--CAN DO THE SAME IN YOUR AREA. While you may prefer other types of property to own, residential 2- to 4-unit buildings are easy to get money for in most areas. True, it make take time to find "your" lender. But once you do you can quickly build the real estate wealth you seek.