Partner for Profits

Many people are hesitant to pursue a partnership with a private lender. Often the lack of confidence is prompted by a family member or friend who means well but does not realize he/she is stealing someone else's dream to pursue success. A person, who must use OPM (Other People's Money) to get started, needs to realize their worth. They should not let anyone discourage them.

There are many professionals who have money but lack the time and energy to pursue a real estate investment. Being approached by an enterprising individual with good management and trade skills could be a welcome solution. Yes, there is risk, but there is more risk in not trying.

Another idea which works very well is to partner with the owner of a home for sale. There are times when a rental property owner might consider, carry back financing up to 100%. The reasons can vary, but one reason might be as simple as the owner being sick and tired of property management. If the person with no money recognizes the owner's problem, he/she might be able to purchase the property at a substantial discount in order to facilitate a quick sale for the owner. The new owner rents it for 2-5 years, earns the appreciation and sells it for a substantial profit. On the surface this transaction might not appear to be a true partnership; however the previous owner is funding 100% of the deal and trusting the new owner to make payments on time and take good care of the property.