In the word of real estate, there is more than one way to obtain the money you need to complete a transaction. Traditional lending may work for some investors, but for others, going to a bank is simply not an attractive or viable option. This book will explain how to get the money you need without going through a bank. Private money lending, also known asstorybook lending, may provide the answer you need. We decided to write this book because we realized that few borrowers understand how to put together a private moneydeal. Many borrowers don't do enough on the front end of the transaction, and as a result, they find themselves floundering and unsure of how to proceed. This will usually result in losing a deal due to lack of funding. The more that you do at the front end of the transaction to ease the way and demonstrate your expertise to a private moneylender, the easier and quicker a private money lender will be able to fund your transaction.

Considering that some real estate deals hinge on being able to put together financing quickly, that's a big selling point for investors. The goal of this guide is to help you, as a borrower, learn the ins and outs of putting together a private money lending deal so that you can: 1. Approach private lenders with confidence 2. Eliminate the need to hire a private money broker 3. Save on broker's commission 4. Put together a compelling package for presentation to a private money lender 5. And most importantly, get more deals funded! If you follow the steps laid out in this book, you'll be in the best possible position to close on a deal, get the funding you need, and make money.