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Thursday 30 April 2015

Getting the right source of money!

The biggest catch in real estate investment is finance. While many are enticed by the glitter of investing in Dallas investment homes, they do not always have the finance to realize their investment dreams.

I was one of those non-cash-rich-investors. Some of my acquaintances had their bank accounts brimming with profits made from real estate investments before the fall in 08. I had always  wanted to follow their winning strategy. However, lack of finance kept me back. Then, my friend told me that there was a way.

On his advice, I decided to go ahead with my investment dreams under the guidance of an expert real estate wholesaler.  I chose to hire New Western Acquisitions as my mentor and guide.

After our first meeting there has never been a doubt in my mind as to who I would trust with my financial success. Our first meeting, their knowledgeable representative first discussed my investment goals and financial limitations. He took the time to fully understand what I wanted to accomplish in a specific time frame and what my financial capabilities were at that moment.   We shook hands and he went to work finding a suitable property I could start with and turn a profit in a reasonable amount of time.

Then it was time to arrange for the finance to purchase the property. Foreclosure properties are sold on a cash-on-sale basis. I lost hope,   I knew I did not have the available cash  finance. My agent set up an appointment with a private money lender.   I got a loan for the purchase price as well as the repair estimates. The amount of money I was required to put down was very little. I was able to purchase a property, and flip it within 3 months.  I repaid my loan out of the profits and had enough left over to invest in 2 more properties.   I now have 9 rentals in my portfolio.  And I intend to acquire more.

Thanks to New Western Acquisitions for their excellent services all through!

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