How to Get Private Lenders & Lines of Credit to Fund Your Business

How would you like to learn a game that could bring you hundreds of thousands, even millions to buy all the property you wanted.  Yes, well then you’re gonna love learning the real estate investor version of the bank financing game.

Truth is borrowing from banks is probably the easiest and cheapest money you’ll ever find.  Why? Because you don’t need to make a presentation or convince anybody to give you money.  You just fill out forms, follow the rules and play the right strategy–and voila the money comes rolling in!

Remember playing ‘Monopoly’ as a kid.  That game was all about the real estate acquisition and income game.  Let’s call this game ‘Financing Mogul’.  The goal is to acquire as much financing as possible for buying property.  So, set a goal: $100,000, $500,000, $1million, $10million, and let’s play.

Now, I know that most real estate investors are freaked out about going to a bank to borrow money–fear of rejection, fear of liability.  That’s because they don’t know the rules and they don’t know the winning strategies.

Banks based their lending decisions on set of fixed guidelines and rules.  So to win the ‘Financing Mogul’ game, you need to learn the rules, and play a winning strategy.   Now, I devote 3 chapters to this game in my “Show Me the Money” training manual (scroll down the right side of this page to get it). 

Now, here’s the first rule - you need a good credit score.  These days, that means a 680 to 700.  Now, don’t get all discouraged if your not at that level.  This is actually easily fixed with virtually no effort on your part.

First, stop doing stuff that lowers your credit–like paying late on bills.  The easiest way to do this is to arrange with your vendors to automatically draft amounts out of your bank account.  Or bank online and set up automatic monthly bill paying.

Second, invest in a credit repair service.  Doing this yourself takes a tremendous amount of time and effort, and it’s not that effective.  Now, I know a lot of credit repair services are total scams, or simply can’t deliver–like removing liens, judgements, bankruptcies, etc.  So, I’m going to give you a link to the ‘gold standard’.  Aside from all their testimonials, this service has personally raised the credit of both Michelle and I well over 100 points each.  And it’s worth every penny of the investment.

And even if your credit is in the 680-700 range, you’ll get even more money, more easily and more cheaply if your credit is in the 750-800 range.  So, if you want to win the real estate financing game, run, don’t walk to boost your credit with this link.

Posted to Business Lines of Credit, Commercial Lending, Institutional Lending, Uncategorized
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