I'm teaching you about how to borrow money. But not the traditional way. That I've done since I got started in this business. I know you can avoid all of the expenses, the headaches, the pain, the suffering that it takes to qualify for a traditional loan. Once you contact, and in other words, plan in advance, put this on your calendar, know that you're going to have a deal come and in some cases you're going to need all cash or you're going to need rehab money or you're going to need down payment money, you're going to need some cash.
Well, if you've already access those opportunities to borrow money, then you've got the way that you can actually use that money. Let's say that you've got your phone, and I've mentioned this in another tip. You get your phone, you look at the contacts and you find where those folks are. You call them up and you use our script that we've got so dutifully laid out for you and you start asking some questions.
First of all, you say to them, “Let me just share with you what we're doing now. I'm a certified affordable housing provider. We help people regardless of their credit or financial background to end up with ownership of a property. And we work with private moneylenders who have some idle funds sitting in their IRA or 401k or their personal account. And that money is not making nearly the money it ought to be making or earning zero to 0.1% and what we do is put that money to work using safe, secure real estate. Do you know anybody who might have some private funds that they would like to put to work?”
Ask the question. It's amazing what comes out of that conversation. I've been doing this for a while and I know what happens and I know that this can benefit you.
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