Re: MR. GARCIA - Posted by Ed Garcia
Posted by Ed Garcia on December 02, 2000 at 12:13:31:
Lending can be done in the same manner we buy real estate. You can use other people’s money. If you wanted to go into the lending business, then you could borrow at one rate, and lend at another. You could acquire investors for your loans, use lenders money, and acquire credit lines securing them by your loans.
If I had a few thousand dollars and good credit, and by the way you haven’t mentioned your credit status, I would perhaps run ads as a real-estate investor. Allen, to me credit is more important than immediate funds, because you only have so much immediate funds available. That’s the reason I teach investors how to leverage their financial abilities.
By the way, it’s always ok to call me. If I were in Florida, and considered becoming a lender, I would get licensed and know what the lending requirements and lending limits are. I would then attempt to acquire investors to fund hard money loans. I feel that no matter what part of the country you’re in, there is a demand for hard money.