I can’t tell you how many times I have been asked by prospective private money investors, “Where do I go to learn more about this? Where are the books? Where are the articles? where are the websites”
I have generally had to shrug my shoulders and say, “You know, I don’t know.” I can’t tell you why, but very little has been formalized regarding the matter of private money basics (or the finer points for that matter).
Yesterday I was talking to a new prospective lender, and he told me about a book that he read. He said that it was very good at covering the basics of private money in simple language. This guy should know. He has spent a great deal of time researching the matter, and has been dead set on learning the workings of the private money realm.
With the caveat that I haven’t read this book, I offer this resource to you.
Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity–A Complete Resource Guide with 100s of Hints, Tips and Secrets From the Experts Who Do It Every Day
http://www.amazon.com/Private-Mortgage-Investing-Investments-Secrets/dp/0910627622
If any of you read this book, or have read this book, and have any feedback–I would be delighted to receive it and share it with the blogregarion (yes, I made that word up).
I hope this is of use to some of you.
– Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money since 1964. Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX. To submit a loan to Fairfield for consideration: http://www.privatemoneysource.com/loanproposal.php
Tags: hard money borrowing, hard money brokering, hard money investing, hard money lending, hard money loans, private money borrowing, private money brokering, private money investing, private money lending, private money loans, trust deed investing
