BILLION DOLLAR WORLD OF PRIVATE MONEY

The banking system  has trained us so well that we believe when we truly need to borrow money that they are the only game in town. If you fit the “perfect borrower” profile, high credit score – steady income – a high net worth, banks can be your “friendly neighborhood bank”. However, if you don’t fit that profile just right or the money you want to borrow is for investments outside the banks “normal” business than you might have extreme difficulty getting the loan; if you are able to obtain it at all.

There is an entire secret world of lending out there referred to as “Private Lending”. There are many reasons savvy business people operate in this world. This chapter discusses the big differences between banks and private lending. The major difference however is one is consumer based lending and the other is more asset and business driven lending. I will open up this secretive world so you can access it from both sides of the lending table. You will be given a nationwide private lending contact in this chapter. Also you will acquire a system to obtain your own private lenders you can call on for great real estate or business deals.