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Which Arizona Private Money Lenders Love to Fund
Defining a preferred niche when you’re in real estate investing can help you establish yourself as an authority, which leads to better deals and more sales. Being in a preferred niche can also help when you approach private money lenders, provided you’ve chosen your market wisely. 1. Single-Family Fix-and-Flips: Going with traditional fix-and-flips is quite common and these get funded all the time. However, you may want to consider digging a little bit deeper and working a specific region, choosing a specific style of home, or catering to a certain demographic. For example, some like to work only in established neighborhoods, while others like to focus on severely distressed properties, and some prefer historic homes. Choose an area that feels right to you and run with it.
2. Multi-Family Units: If you’ve already done some fix-and-flips, multi-family units are a sound way to diversify. You can treat these as flips or repair and hold, giving yourself a steady trickle of income to help you grow your wealth.
3. Fix-and-Holds: Whether you plan to rent your space out through something like HomeAway and Airbnb or get long-term renters in to cover costs and provide a revenue stream, fix-and-holds can be a sound bet. Make ... more
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