Why You Need to Find Other Money Sources Now
Banks are experiencing a significant decrease of money flowing into the lending pool. This has created a bank collapse that is greatly impacting real estate investors today. As a result, banks are forced to swim upstream in search of the “best of the best clients”, thus leaving investors to find other money sources. What can real estate investors do? We are here to help navigate you through these rough waters.
A waterfall effect occurs when banks are focused on the “best of the best” clients. Thus, forcing investors to cascade down to private lenders in order to keep their business afloat. The influx of new clients has led private lenders to begin swimming upstream alongside banks in search of new borrowers. These borrowers are more experienced, have more money, and more liquidity. Unfortunately, this is making it harder for many investors to qualify for loans.
Other People’s Money
In addition to private lending, another funding source is “other people’s money” aka OPM. These are individuals that are within our community and can lend $10,000 to $100,000. By knowing who to ask and where to look, you can easily ride the wave to success. So dive in and discover additional lending options and how to succeed during this bank collapse.
What you need to succeed
Investors can prepare for this lending squeeze by making sure they have cash, high credit scores, and are keeping up on projects. By getting into a deal now and holding it for 2-3 years, it can set you up for success in the near future. We can help guide you through the process of starting your business, increasing your credit scores, finding ways to improve your income, and helping with OPM options.
Need more help navigating these rough waters watch our most recent video!