Tips to find good private investors in real estate market

To make money a great and simple way is to purchase property. Property can be purchased by searching lots of private investors real estate.Right now our economy provides much more opportunities to find private money lenders because they are looking for different ways to invest besides stock market. The main thing to keep in your mind is when you are purchasing real estate it must rely on place where the property is, the situation of the market and the property.

It must also rely largely on the type of investment you are planning to get into. For example it may be commercial,small scale etc. These key elements should be taken in account, so that it will allow you to choose the right property .Online enables you to provide much information from that you can be utilized.Everyone in the country knows real estate prices have plummeted and right now is the time to buy.Finding private money lenders is one of those amazing things once you start looking for them they come out of the woodwork.The following points should be taken into consideration when looking for private money lendors.

Target prospective investors

You need to target people who can able to invest their money. First move with your near ones such as relatives, friends, co-workers and neighbors. Then you can move with doctors, dentists, lawyer, accountant,etc.

Create a plan 

You must buy houses and repair at less than fair market value. Renovate the house and sell it quickly for a profit.Person whom you are going to approach you must explain that you will provide insurance policy, house owners insurance policy, a first mortgage position, signed promissory note, and an appraisal on the property. This process is called as retailing.They must tell that you can lend your money as 10%, 12%, even 15% simple interest for a term of twelve months. You pay them interest only payments monthly, quarterly, or whatever you agree.

Turn plan into marketing tool

you have to turn your plan into a marketing tool. Create an "Introduction" to your opportunity explaining what you do and what you can offer them.

Prepare your presentation

Now you have to prepare a presentation to sell this opportunity to your prospect. Create a package building your credibility, for instance, a credit report, list of assets, previous deals, referral letters, employment information, whatever makes you look good.