Foreclosure Articles Foreclosure Investing Money Can Come From Anywhere Foreclosure at Shopping.com Find, compare and buy Foreclosure. Choose from thousands of stores. As a foreclosure investor, you never know where your money to do the next deal might come from. In this article I'll tell you a story about how networking with people might turn up your next private investor. When I first began investing, I figured I would have to go through the traditional lending channels. But I also knew that was very cumbersome. So I wanted to find a source of private funds. One person said if you don't have your private funding in place, you can miss out on many good deals. Well, I knew I wanted private funding, but I didn't know where to look. In August 2002, I was doing a foreclosure deal with a double closing. Everyone at the closing table was dressed very sharply--except for me. For those of you who know me, you know that I can dress pretty dang casual in any given circumstance, and when I first started this business I did it all the time. Now, I will dress up somewhat for closings, but a tie is still out of the question. So I did this deal with all these well-dressed guys there. When we finished the closing, the mortgage lender for the buyers came up and introduced himself to me. I will call him “TB”. Information on Buying Foreclosures We provide you with current, real estate foreclosures on how to purchase strategies, information, and instruction when buying a foreclosure. TB said that he had seen the numbers, and that I had made more money then anyone at that table. My response was my usual: “Well, you win some, and then you win some that are bigger.” And I left it at that. Get HUD Foreclosure Lists Reliable and accurate foreclosure lists at CountyList. Just $7 per month. Well, funny how things happen. I did another deal, and at the closing table sitting across from me was TB. This was a stinky deal. But TB's professionalism and his ability to work under pressure and get the deal done impressed me. I told him so after the closing. Again, he said that he saw the numbers and he still was pretty impressed. This time, I had a business card and gave it to him. Free HUD Home Finder Network HUD and FHA home for sale. Buyers and sellers welcome. The next morning, TB called. “I may have a business opportunity for you,” he said. And we scheduled a time to get together. At lunch, TB asked if I ever needed money. He saw how much creativity and enthusiasm I had for the deals I was doing. He also was impressed by the fact that I always seemed prepared. He offered to fund deals, up to 90% LTV. That was the difference between him and “hard money” lenders. I thought to myself, BINGO!! I had been looking for money, but didn't know where to get it. Now, I had an investor. TB's money was expensive--12% interest and 50% of profits--a very, very steep price! However, at that time I needed the money to do my real estate deals, and TB became a source of my funds. Financing to Buy HUD Foreclosed Homes Buy and rehab (fix up) sheriff sale and HUD foreclosed property with none of your own money. Lending in PA, NJ, DE and MD. Specializing in real estate investor loans. These days I use 12% money on a regular basis and this works just fine for me now. The lesson of this article: never be surprised where your funds can come from! _________________________________________________ Paul Wells has been investing in foreclosures full-time for more than 5 years. For more foreclosure investing secrets like the one in this article, subscribe to Paul's Free Foreclosure Investing course here: http://www.FreeForeclosureInvesting.com.