This interview with Tony Javier, goes over the three ways to receive funding for a project. This includes private lenders, hard-money lenders, and a bank loan. Tony also breaks down how his company, Professional Home Buyers, works with the three different types of private investors. Real Estate Prodigy members also get exclusive access to the documents Professional Home Buyers send to their private lenders. Make sure to take care of your investors and keep your deadlines in order to ensure the will want to work with you again in the future.

Types of Lenders:

Private

•       Usually individuals.
•       Higher interest rates than banks, between 8-12%.
•       Quickest option.
•       Usually don’t want to see properties.

Hard-Money

•       Charge money up front.
•       Usually quicker than banks.
•       Charge and annual percentage rate, around 15%.
•       Often needs to appraise properties.

Banks

•       Usually takes about 3 weeks.
•       Requires appraisals.
•       Have lower interest rates.

For more information please go to www.GetMyProdigy.com