From my own experience as a real estate investor, I can tell you that, early in my career, I was really concerned about having the money to close deals that took a lot of time for me to put together. I tortured myself about where and how I would come up with the money I needed to finance my hypothetical investment opportunities. Now, with more than a decade of experience investing in real estate, I know that that finding the money is the easy part; but the really great thing I discovered is that there is so much money available that it would blow you away. In Hard Money Loans Virginia, we have people contacting our office that has several irons in the fire (potential investment opportunities), wondering if we have enough money to fund them. Our response is simple: Try and break the bank! We have not turned down a loan in over seven years because we didn't have money.
We funded every single deal that met our criteria every time, no questions asked. Still, these hot shots keep calling and saying that they need so many loans, we'll never be able to fund them all. Our portfolio manager will tell you our pockets are deep, and they don't have holes in them. Once you get in the game and get a good property under contract, money will find your deal, and you will be able to find more money than you can ever handle. It's kind of like the ocean. If you have ever been on a scuba diving trip and looked out at the ocean from inside your boat, you've seen the water out there. It looks so beautiful, and you are looking for a fish. You might see a dolphin and if you are really lucky, you will actually see a shark.
All you are going to see is that tip of the shark's dorsal fin poking out of the water.
Beneath the surface of this vast ocean is opportunity that you can't even begin to see from the deck of the boat. Now, if you put on a snorkel mask and some fins and go out there snorkeling, you'll discover a whole new world you have never seen before. You are going to see all kinds of things that you didn't even realize existed when you were standing on the boat. It is only when you actually jump into the water that you are going to see this whole hidden world in the light of all of its possibilities. You are going to go pass all those small colorful fish. You are going to go under the coral, and you are going to see a ship wreck, or you are going to see an octopus down at the bottom. On your way back up you might see some beautiful manta rays pass over your head. Same thing happens with us at Private Money Lenders.
Real estate investing is kind of like our snorkeling or scuba trip. If you are standing in the boat and not engaged in the game, it looks like there is no opportunity out there to find funding. It may seem like you just occasionally see the dorsal fin of a shark. When you get your feet wet and jump in, you start to see the world of endless opportunities. As you get more deeply into it and start finding good deals, you will begin to see the whole world open up. Once you find a good property, you will find the money and there is more money than you could ever possibly dream of.
I can assure you from my own experience that there will be plenty of money if you find good deals. Hard part of being a real estate investor isn't finding the money to fund your deals. The hard part of being a real estate investor is finding good deals, and that is your job. As a real estate investor, you have one job and one job only: to find good deals, find good transactions, and find things you can make money on. If you can make money on it, then your lenders are going to make money on it, so your lenders are going to be willing to loan the money this is how we experiencing things in Virginia Hard Money Loans.