You can get better results – sooner - in your search for real estate money - if you follow a proven procedure. “And what’s that procedure?” you ask. Here it is, in seven simple - and lucky - steps for you:

1.Decide what type of real estate you want to own. At the start, it is best to specialize in just one type of real estate. Why? Because then you don’t scatter your efforts or energy.

2 Search in your area for the type of real estate you want to own.

3.Get full data on projects that interest you. You’ll need the Price, the Income, the Expenses, and the Down Payment.

4.Focus on one project that appeals to you. Don’t try to juggle three or four at once. It will boggle your mind and you’ll give up - confused. (And please don’t send me four or six projects to evaluate at one time! I’m just one skinny little guy and I can only think of one project at a time!)

5.Determine how much money you need to take over the project. Remember: Your first mortgage is usually easier to get than your down payment money. Buy if your credit isn’t the strongest, your first mortgage may be harder to get than you expect at the start

6.Look for your money in two places: long-term lenders for your first mortgage; short-term lenders for your down payment money.

7.Take the action needed to get each loan so you can close on the property and start earning money from it. That – remember - is the whole idea of your work - to earn money for yourself and your loved ones!

Pick the Type of Real Estate You Want to Own

You must know what kind of real estate you want to own. “Why?” you ask. Because for each type of real estate:

·There are specialized and unique lenders.
·Who know and specialize in one type of real estate.
·Making loans on that kind of real estate almost daily.         
·Giving advice and help to borrowers who come to them.
·Understanding the ins and outs of that type of real estate.
·Being more willing to make loans on “their” type of property.

So if you know what type of real estate you want to own to build your fortune, you can approach a lender who specializes in that type of real estate. There are four basic types of real estate you can own for income purposes:

1. Land for development or leasing to others.
2. Residential properties - single- or multi-family.
3. Commercial properties - stores (strip malls and shopping malls), offices, recreational facilities.
4. Industrial properties - factories, storage buildings, and yards.

Most of my readers already know what type of real estate they want to own when they call or write me. I’m sure that right now you have a good idea of what type of real estate you’d like to own. So Set’s get you your lenders!