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Article Directory :: Finance & Investment Articles
Robert Kiyosaki taught us in his bestselling book Rich Dad Poor Dad, that to be "wealthy", we need to have enough passive income to cover our expenses. If your expenses are $5,000 per month, and your passive income is $8,000 per month, you can afford to quit your job.
If you buy one house at a time with $100 per month in passive income, you realize it will take you a while to quit your job. With private lending, this can be achieved a LOT faster!
The beauty of private lending is that you are playing with PAPER, not properties. You use properties as collateral, but you work with PAPER! Imagine making cash flow, appreciation, AND cash influx WITHOUT...
-...Tenants! -...Qualifying For Mortgages! -...Having Good Credit! -...Using Your Money! -...Having to own any properties
Right now you are probably asking yourself...If I don't take care of all of these things, who does???
The answer is simpler than you think! The person who needs your money does all of the dirty work. All you do is wait for them to finish the deal, then you reap the benefits.
If this might seem too good to be true, then ask yourself, why do most successful investors become private lenders?
Private lending, the way I teach it, is about making good secure loans and using real estate as collateral. You use OPM to do that. Imagine yourself lending to various real estate investors that specialize in various fields such as; foreclosures, rehab, flipping, etc.
You become their private lender, and they do all the work for you. They find the property, deal with the contractors, do all the stressful work, and YOU split THEIR profits 50/50. They are excited because they made great money, but you are even more excited because YOU made the SAME money but 12 times more with little to no work! Why? Because you made the deal with 11 other investors, and they are doing ALL the work while YOU count the money!
You see, as a private lender, you are responsible for doing 3 things: -Finding and building new sources of OPM to lend out -Finding great borrowers to lend to -Doing good secure loans
That's it!
There's less work for you and more money in your pocket. I am surprised why more people, and investors in particular are not taking advantage of Private lending! Private lending is your key to building the passive cash flow you've always wanted.
And now I would like to invite you to claim your Free Instant Access to my free audio CD when you visit http://www.PrivateLendersSecrets.com
From George Antone - A Real Estate Investor, Private Lender & Wealth Builder in Northern California.
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