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Funding

Getting into Your Private Lender's Pants (Pocket) - Part 1

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(NOTE: What it's like to write a $1,000,000 check for a sweet piece of undervalued real estate … even if your bank account is overdrawn and you owe the local lawn boy $20? This special report shows you step-by-step.)

pantsLet’s be honest: Most private lenders don’t trust you, and they don’t want to proactively offer funding for your deals…

…yet.

After all, when was the last time a new private lender called you out of the blue to introduce himself and offer you some money?  Never?

That sounds about right.

As you probably know (or are learning), the biggest challenge for investors seeking new private capital is the challenge of establishing trust with private lenders.  When private lenders don’t know you extremely well, they will tend to place most of their trust in “the numbers” – rather than trusting in your “integrity” your savvy “stewardship” of their funds.  And this lack of trust can easily become a self-fulfilling prophecy, or a Catch-22 scenario, which leaves you alone in the cold…

You: “May I borrow some money for my next real estate deal?”

Private Lender: “No. I only lend money to people I trust.”



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