There are many different types of lenders for your real estate deals. You have private money lenders, banks and institutionalized lenders, hard money lenders, and so many others.
In this video, you’ll learn a simple, yet effective way to find the money you need in order to close your next real estate deal using "Gap Lenders". I'll share with you why gap lenders are the best types of lenders for your real estate deals. I'll also share with you who these gap lenders are, and how you have access to them without even knowing it.
These gap lenders are everywhere. They are literally in your own backyard and possibly even in your own family. How is this possible? I'll explain it in full detail in the video below.
Watch the video below in order to find out which lender is BEST to use in order to fill the void in your real estate deals:
Here are the 3 types of lenders discussed in this video:
1. Private Money Lender- These types of lenders have plenty of funds and will usually fund your entire real estate deal. With private money lenders, you’ll find professional lenders as well as beginners. They can be more difficult to find, and you’ll need to be careful not to violate FTC rules and regulations. Overall, this type of lender is the best in my opinion.
2. Hard Money Lender- Although these lenders are not banks, they are considered to be more institutionalize than a private money lender. These types of lenders are asset based lenders, which means they lend money on the strength of the deal that is brought to the table. Even though, they are considered to be asset based lenders, most of them still require a credit check and money into the deal. That is where the next lender comes into play.
3. Gap Lender- Gap Lenders can be anyone you know with some extra cash laying around. Usually, they don’t have enough money to fund an entire real estate deal, but they can fund an extra $10,000-$20,000 if necessary. With tax season going on right now, it’s the perfect time to find gap lenders in order to fill the void in your real estate deals.
Want to learn how to get access to a software which will give you access to a community of lenders that will fund your real estate deals?
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5 replies to "How to Use Gap Lenders For Your Real Estate Deals"
Hello I am with a real estate investor school I guess you can say. I paid a lot of money for this school and I feel so lost. They set me up with a coach for 8 weeks (30 min phone conversation once a week) and an library in which I watch videos. I do feel like I am learning but not enough. My sessions with my coach were so fast and all she really did was tell me what videos to watch, asked if I had any questions and gave me an assignment. I had so many videos to watch in a week that I couldn’t possibly get through them all. She rushed me to get through all my sessions and now she tells me she will be available via email for 6 months and then after that I’m basically on my own. It takes her all day to return my emails and I am out here making offers on houses and I really don’t feel I know what I am doing. I have lost all my deals by other out bidding me. I feel like I am not doing things correctly. I am a hard worker and I really want to do this but I am beyond frustrated. What would you suggest I do at this point? I need more one on one help.
We have a coaching program, if you’re interested. Let us know.
cjab9702@gmail.com
IM INTERESTED IN LEARNING HOW TO PURCHASE MY FIRST HOME FOR MY FAMILY AND MOVE FORWARD IN REGARDS TO BNB RENTALS, IM HERE IN SOUTH FLORIDA AS A UBER DRIVER MARRIED 27 YEARS TO A RN PHILIPPINO WITH 2 COLLEGE GRADS FROM BETHUNE COOKMAN AND NEED SPACE
BAD CREDIT VERY LITTLE FUNDS…IVE BEEN WATCHING YOUR VIDS WITH THE HEART AND FIREWORKS POST THATS ME AND IT ALL MAKES SENSE, LOOKING FOR GUIDENCE AND HELP…STAY BLESSED AND THX FOR TAKING THE TIME…RON & FAMILY
I watched a video where you promised to provide a contract for assignment. I could not find where to download it.
Hi, did you check your email? The contract downloads were delivered via email. If you didn’t get the email, let us know.