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You can always get money to fund a good real estate deal. In the consumer view of the world, money is scarce. Consumers who believe that they have to buy investment property with their own money and their own credit are making a basic assumption: If you want to invest in real estate, you have to do alone. As consumers, we are taught to go to banks to get money. Following the consumer rule that it is all about us, the banks make us beg for money. They demand all kinds of personal information, and then they decide whether or not we are worthy to borrow money. Once again, it is all about you and your money and whether or not the banks think you are credit worthy. The rule with banks seems to be: If you have money, they will give you more. If you don\'t have money, they are reluctant to loan you any. In the consumer world, you have to deal with banks who decide if you are credit worthy. In fact, you don't ever have to ask a bank for money to fund your real estate transactions. This is because there are private lenders who have plenty of money for real estate investments. This is one of the major differences between consumers and investors. Investors know that they can use private investors while consumers think that they must get funding from banks. If the deal makes sense, investors can find all the money they want from private investors. Let's say you want to buy an investment property. You'll need to make a $10,000 down payment to buy it. If you are looking at the investment with a consumer mindset, you might think: "The only way I can buy this property is to pay $10,000 for the down payment. But since I don't have the $10,000, I can't buy the property." This is not the way a successful investor thinks. The investor would think: "I don't have the $10,000, but I know that someone else does." The critical difference is that the investor knows that there is money available from other people. So, instead of giving up on the deal, the investor finds a private money lender to provide the $10,000. If you have an investor and a consumer looking at the same property, the consumer will very likely say: \"I can\'t buy this because I don\'t have enough money and the bank won\'t loan me the money because I am not credit worthy.\" In the same situation, the investor will say, "I know that this is a good deal. I'll find a private lender willing to fund this deal so that I can buy the property." The investor knows that private lenders first of all want to know if this is a good investment. They don't decide whether or not to fund the deal based only on your money and your credit. The fact is, if the investment really is a good deal, you will be able to find a private investor willing to provide the money.
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