Real Estate Investor versus Private Money Mortgage Lender – Part 6

By
Services for Real Estate Pros with Bluewater Property Management, LLC and Lowcountry Turnkey Properties, LLC
This is the sixth and final article in a series to discuss the Pro’s and Con’s of Real Estate Investing and Private Money Mortgage Lending.
The series consists of

Part 1 – The Introduction
Part 2 – The Pro’s of Real Estate Investing
Part 3 – The Con’s of Real Estate Investing
Part 4 – The Pro’s of Private Money Mortgage Lending
Part 5 – The Con’s of Private Money Mortgage Lending
Part 6 – Putting it All Together

As you have learned, there are a few similarities between being a Real Estate Investor and a Private Money Mortgage Lender, and a whole lot of differences. Each one has its own set of Pro’s and Con’s.

Putting it all Together
How do you decide if being a Real Estate Investor or a Private Money Mortgage Lender is right for you?

The first step is to answer the questions that were presented in the first article. Once you know your goals and where you want to get to, you can create a path to reach them and get there.

The second step is to reread articles 2-5 and start thinking about which path will help you reach your goals.

The third step is to speak with Real Estate Investors and Private Money Mortgage Lenders. Visit your local Real Estate Investor Association, and talk with people. Learn from the individuals who are doing business in today’s market.

The final step is to take action – make a decision and move forward. If you decide the course of action you chose is not for you, you can always change gears and paths. It is called the ready, aim, fire, re-aim and fire again method. Kind of a long for a method, but it works.

Make a decision and move forward. You will never have all of the facts; therefore, you need to make the best decision you can with the information you have. As you move forward, you can adjust your actions and decisions according.

I am a Real Estate Investor, and I love being a Real Estate Investor. I have Private Money Mortgage Lenders that lend me money, and they love being Private Money Mortgage Lenders.

Which is right for you?

Only you can answer that question.

If you have any questions, please contact me, and I look forward to speaking with you.

No matter your decision, Good Money Growth to You!

Aaron
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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Daniel H. Fisher 10/18/2011 12:15 PM
Topic:
Real Estate General Information
Location:
South Carolina Charleston County
Groups:
Tea Party
Realestateandfunding
Investors
Investing for Dummies
Charleston Real Estate Networking
Tags:
alternative investments
private money
private money mortgages
real estate
real estate investor tips

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Rainmaker
959,211
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA (Roseville, Loomis, Granite Bay)

Aaron, this is an interesting series...I'm curious to read what you have to say in Parts 1-5, so I'm going to bookmark this post since it has links to your previous ones. :)

Leilani

Jun 12, 2011 09:34 PM #1
Rainmaker
981,145
Sharon Alters
Coldwell Banker Vanguard Realty - Fleming Island, FL
Your Fleming Island Relocation Agents.

Aaron, we just closed a deal last week where a private money lender was lending the money. They are going to fix the house up and sell it. Smart deal. It was one I would have considered buying except that I was the LA and not allowed per bank rules.

Sharon

Jun 13, 2011 11:30 PM #2
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Rainmaker
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Aaron Silverman

Improving the Real Estate Experience through Educa
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