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
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