Has an amazing business deal fallen through the cracks because a primary funding source refused to lend you the money needed to get the deal done? Have you been rejected by the bank when trying to obtain a loan?
Beyond the primary lending market, there is an alternative funding source known as the sub-prime or secondary market. The National Real Estate Investor published its Borrower Trends Survey in February 2006, which indicates after approaching banks, 32% of respondents cite private investors as debt sources. Another world of financing opportunities quick and easy to deal with and that want to lend to you!
According to the 2002 U.S. Census Bureau there are 271 secondary market financing establishments, a 22.5 percent increase in comparison to the 1997 survey results. The trend of increase is still developing as the secondary market gains wide visibility. Private lending, an alternative you should take into consideration, is a fast and flexible way to receive funding. An essential difference between the primary and secondary markets is secondary markets will accept higher risk and less than perfect credit.
Banks often will decline funds not only to imperfect credit sources, but also for not owning enough assets. Banks may also decline your request for a loan if the amount is not large enough! If you are trying to invest in a new office building and need the capital to get off to the right start, don?t give up! Research the secondary market and get the cash to purchase the building you need. If you need cash flow the secondary market is where you go!
The building blocks to your wealth start with stepping off the beaten path that traditionally led to banks, credit unions, and mortgage companies. The secondary lending market has expanded significantly over the years and accounts for a great deal of home and business purchases today. A multitude of business professionals and investors are seeking opportunities but don?t know where to turn.
Let?s get back to focusing on our goals and dreams and turn our backs on glass ceilings and closed doors. It?s the entrepreneurs that make our economy churn. What are you waiting for? Now is your chance to build businesses and wealth. I will see you on the early beaches of retirement!
Maria Fee is a mortgage professional, real estate investor, teacher, and master marketer with more than 20 years of business experience. Maria is the President of REMI KNOX, LLC, a group of investors who purchase real estate notes nationwide. Quoted by the media as an expert, she is continuously recognized for her extraordinary knowledge and real estate investing experience.
You too can discover hidden secrets to success with real estate notes. To take control of your financial future with proven strategies visit Maria's website at http://www.REMIKNOX.com. Happy investing!
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