Financial Flexibility in Deals

Posted By: Jason K Powers ICOR Blog & News,

Imagine a world where you were the lender for your own real estate investment strategies. 

I can’t tell you how many times I finished a Flip and paid off the Hard or Private Money Lender and thought to myself, “I wish that was me making that money.”  How many of us close on a rental and count the fees, points, and total interest we are going to pay to the bank? 

How many of us have been in that situation where we have our numbers dialed in, and then we open up that wall on our Flip and what we found behind that wall just added 45 more days to the rehab time?  You start counting dollars and wishing that buffer line item was a little bit bigger.  Then, compound the problem with the fact that the lender, any of them, still want to get paid each month, no matter how long your deal is taking.  Not only do you have the added stress of the unexpected work to be done, but you’ve also got lenders circling above you, waiting to get paid.  Then, to make matters worse, there’s an economic shift and all of a sudden, the days on market just got 30 days longer.  Now the lenders start swooping in.  You can’t very well tell them you’ll pay them back once you actually sell the house.  “It sure would be nice to have flexible payments about right now,” you think to yourself.

What if there was a vehicle in which you could be the bank, provide the payment flexibility when needed and keep control of the property?

Maybe you’ve got multiple rental properties, and the economy takes an unexpected downward turn and all of a sudden 60% of your tenants can’t pay the rent that month, or the month after that, or the month after that (does any of this sound familiar?).  The bank still needs to get paid.  Property maintenance still needs to be done. You still need your income.  It’s supposed to be passive, remember?  “It sure would be nice to have flexible mortgage payments about right now,” you think to yourself.

“It would be nice to not have to pay as much this month.”

“It would be great to defer my payments for just a little bit longer.”

“It would help if I could pay myself anyway, even though rents are late.”

How many thoughts come to mind like this for you?

Imagine a world where you were the lender for your own real estate investment strategies. 

There is freedom and flexibility in having your own Private Family Banking System set up.  You get to be the bank. You get to set the loan terms. You get to decide if payments can be late or not. You choose the interest rate in which to charge.  You get the flexibility. You get control of your money. 

This is not beyond your reach, and it is never too late. Let’s get started now.