Private Hard Money Lenders

I've been in meetings with private hard money lenders and they all
say the same thing in this regard. "If we are willing to loan
someone money to fund their investment property and they won't pay
for an inspection or an appraisal why do we want to waste our time
with them?" For example, someone representing the lender has to
take TIME to physically visit the property and do title research,
etc. They are willing to do this but sometimes there is a fee of a
few hundred dollars. It is a minor amount of money compared to
what benefits you are to receive when your property is funded,
locking in potentially tens of thousands of dollars in profits. If
you don't have ANY money, take in a partner who does. The old
saying "It takes money to make money" is true. It may take a
little money and a little commitment on your part to become a
serious, profitable, and successful investor. Serious investors
know this and they expect to conduct business and not try to take
advantage of others because it casts a very bad impression.

Obviously you don't just want to be giving fees away to people for
nothing of value. However, recognize that your time is worth money
and so is other's time worth money. If you misrepresent a property
to a private hard money lender for example, like a property that is
"gutted out" and not inhabitable and make it sound like a property
that is ready to market, don't feel badly when the lender who
already told you that they don't loan money on such types of
properties tells you that the inspection fee of $295 is not
refundable after the lender dispatches the inspector to the
property.

Can you see yourself investing a little to make a lot?
It's important to be reasonable when creating a win-win situation.

Efficient utilization of your time is also very important in
getting your real estate deals funded quickly.

When you develop your Wealth Strategy, you realize that you should
not try to do everything yourself. It is important to utilize
other people's time and resources as part of a win-win approach
to investing.