Tag Archives: now

Guaranteed Loans After Bankruptcy

March 3, 2018   Loan Tips

Guaranteed loans are really made for people with past credit problems, like those who have just gone through bankruptcy, but for this very reason it’s generally a good idea to consider other options first.

See, because this option is targeted at people with bad financial histories, they know that you have few options and will accept any interest rate or fee that they throw at you when you need a loan. You may decide that these rates are worth it because you need cash now, and making the payments over time will actually help you rebuild your credit, and that may be true.

However, I suggest you carefully consider some other options first. You may need cash now and not have any kind of collateral to offer, in which case a guaranteed option may be your only choice, but in terms of your long term financial stability it’s better to avoid this. While repaying a loan will help build up your credit, a guaranteed option with it’s high interest rates, and often times hidden fees, will hurt your wallet and possibly get you into financial problems.

One great option if you have something of value like jewelry, vehicle, or real estate is to use this as collateral on a loan to get yourself a deal with a more traditional lender, and get yourself a better interest rate. This will save you money and help you avoid future problems.

If collateral isn’t an option for you, try and work on your credit in other ways for about a year after you’ve discharged your debts before applying for a small unsecured loan. You can do this by making payments on time on all your bills, and by getting a secured credit card at your bank.

Of course, this option doesn’t help you much if you need cash now. If you need money now, and you don’t have any form of collateral, you’ll probably want to look into guaranteed loans. Be sure to shop around, I generally recommend looking at five different lenders offers before signing on for anything. Look over the terms and conditions carefully–if you don’t understand something, ask–as this is the only way to find a deal without fees that you are unwilling, or unable, to pay.

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The Key to Real Estate Success and 5 tips on how to implement in your business

February 22, 2018   Fast Loan

During the boom, investors made profits with all sorts of strategies, even with little knowledge and many mistakes. Those investors may have experienced a rough couple years and may have given up. Here I will discuss the key to break thru and succeed whether a beginner or in a rut.

Are you learning and reading everything you can about real estate? Have you educated yourself on 20 different strategies and you now know how to do all sorts of creative real estate deals? That knowledge will certainly not hurt, but let’s focus on one thing that will be the key to consistent long term success in good times and bad. Find Motivated Sellers!

Not just find motivated sellers, find a ton of them. Have them beating down your door begging you to buy there homes and get to the point where you don’t need to do a deal with them even if it is a great deal. I see it all the time, beginners or those in a rut have only a few deals they are looking at and the take the best one when it isn’t even a good deal. They need the deal to continue to eat, but this often ends in disaster.

Now, you are probably agreeing with me that success will be achieved by having tons of motivated sellers flooding your pipeline consistently whether you are there or not. But how do you do this? Here are some tips to have a consistent flow of motivated sellers coming to you.

1. Direct Mail – While you can find deals door knocking and scouring listings, websites, and newspapers this could be very time consuming. Send out direct mail to motivated lists such as foreclosure, out of state owners, expired listings, divorce, probate, etc.
2. Learn Direct Response Marketing – educate yourself on direct response marketing and have motivated sellers responding by contacting you.
3. Automate – create a system and delegate your direct mail campaign so it happens whether you are there or not.
4. Filter – create a system to weed out the duds and only evaluate the prospects that could meet your criteria.
5. Pass – it ends up a numbers game, get enough deals and some will be worthy of doing. If you are not getting enough deals, pass and improve your direct mail and marketing strategy.

Real Return Real Estate™ for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars. Visit our site

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