Alternative funding can be a bit of a mystery to some and sometimes gets an unfair rap. Many miss out on this option when looking at real estate because realtors and real estate experts themselves may not understand it or not trust it as an option.

But private money loans are a legitimate, valuable tool for financing real estate and you should be taking advantage of this option.

We’ve got three ways private money can help you or your next client:

1. Use a private money loan as leverage: Private money loans are a completely safe, legitimate option to get your foot in the door with real estate.  One benefit is that they are quick–you can often secure your funds within as little as a week, making this popular among buyers in this real estate climate having to compete with multiple offers.
2. Consider a bridge loan: Bridge loans allow you to tap your existing home’s equity and use it towards a new home purchase or fund your next investment property purchase. 
3. Private money loans can offer flexible lending terms: Don’t want to pay principal and interest?  Need a short term? Hard money loans offer the flexibility that traditional banks cannot. 

Purchasing or investing in real estate doesn’t have to be a plan for the future. It can be a plan for today! Using the resources you have available to you now will help you build more wealth over time, open up more options with private lending!