| These five methods are commonly used and not | | | | investors club and you will find this type of individual. |
| brand new techniques. | | | | Debt partners are excellent sources of revenue if |
| 1. Lines of credit | | | | you don't mind sharing the proceeds. This is one of |
| 2. Hard money loans and private money loans | | | | the best ways to start your investing business. You |
| 3. Debt and equity partners | | | | do the leg work and join with a partner to supply the |
| 4. Standard mortgage financing | | | | money. |
| 5. Broker and investor program | | | | Using standard mortgage financing hardly needs much |
| Lines of credit - Remember that you could easily get | | | | space here. We are all aware of what it takes to get |
| a line of credit on your own home and use that to | | | | a standard mortgage so we won't dwell on this |
| make money. Don't overlook major credit cards as a | | | | phase. |
| source of funds but realize that the rate of interest | | | | A mortgage broker will match borrowers and lenders. |
| will be higher than a home line of credit. A home line | | | | They work with several different lenders so they the |
| of credit is a second mortgage. The lending | | | | ins and outs for the particular type of financing you |
| institutions will sometimes allow you to borrow more | | | | are looking to arrange. They normally charge 1 point |
| than the value of your home. This type of financing | | | | (1%) for their services. A good mortgage broker is |
| is really effective for short term loans. | | | | worth his weight in gold! |
| We have have used home equity loans for a number | | | | A good broker will make the difference between |
| of years for investing as the interest is tax | | | | making profitable deals or not. Work with more than |
| deductible. | | | | one broker. It will pay off in the end. A good broker |
| Hard money loans is money loaned from a private | | | | can get the correct financing moving from a short |
| individual or individuals. They frequently like short term | | | | phone call. |
| loans as their money keeps turning over. A major | | | | As shown above it doesn't take a lot of money to |
| advantage of using this type of loan is that the | | | | get started in buying and selling real estate. |
| money can be available in as short a time as 2 | | | | Dive in and go for the gold! |
| weeks. Check your local newspapers or join an | | | | |