Private Money For Real Estate Investing - Why You Should Never Forget This Clause
When you use private money for real estate investing there are several clauses your lending agreements should never be without. One of those clauses is the No Pre-Payment Penalty clause. Heres how it works.
When you borrow private money for real estate investing, youre accomplishing a great deal. Youre protecting your credit, and maximizing your borrowing potential, as well as gaining access to a ready and flexible source of money.
It would be a shame to go through all of that and leave yourself open to harm in one critical area what if youre stuck with a repayment term thats too long?
The sure way to avoid this issue is to put a No Pre-Payment Penalty clause in every private money for real estate investing agreement you make. That way, when youre ready to pay the loan off and free up those funds for a new investment, youre not stuck paying a hefty penalty.
Heres how the clause should be worded.
"The Borrower reserves the right to prepay this Note (in whole or in part) prior to the due date with no prepayment penalty"
Without this clause, you would be obligated to pay the lender the full interest due on the loan for the entire term, no matter how long it is. Thats not the kind of flexibility you want in a loan of this type, and flexibility is one of the main reasons to use private money for real estate investing.
Protect yourself and your borrowing capacity when your accessing private money for real estate investing by including the above clause in every one of your private notes and contracts. Youll be glad you did.
For more on real estate investing, and information on real estate investing using private money try visiting http://www.private-money-real-estate-investing.com, a popular website that provides tips and advice on the whys and hows of a variety of topics related to private money for real estate investing.
For more on real estate investing, and information on real estate investing using private money try visiting http://www.private-money-real-estate-investing.com, a popular website that provides tips and advice on the whys and hows of a variety of topics related to private money for real estate investing. Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. © 2007 by Tom Dunn.2006 Boot Review Ski
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When you borrow private money for real estate investing, youre accomplishing a great deal. Youre protecting your credit, and maximizing your borrowing potential, as well as gaining access to a ready and flexible source of money.
It would be a shame to go through all of that and leave yourself open to harm in one critical area what if youre stuck with a repayment term thats too long?
The sure way to avoid this issue is to put a No Pre-Payment Penalty clause in every private money for real estate investing agreement you make. That way, when youre ready to pay the loan off and free up those funds for a new investment, youre not stuck paying a hefty penalty.
Heres how the clause should be worded.
"The Borrower reserves the right to prepay this Note (in whole or in part) prior to the due date with no prepayment penalty"
Without this clause, you would be obligated to pay the lender the full interest due on the loan for the entire term, no matter how long it is. Thats not the kind of flexibility you want in a loan of this type, and flexibility is one of the main reasons to use private money for real estate investing.
Protect yourself and your borrowing capacity when your accessing private money for real estate investing by including the above clause in every one of your private notes and contracts. Youll be glad you did.
For more on real estate investing, and information on real estate investing using private money try visiting http://www.private-money-real-estate-investing.com, a popular website that provides tips and advice on the whys and hows of a variety of topics related to private money for real estate investing.
For more on real estate investing, and information on real estate investing using private money try visiting http://www.private-money-real-estate-investing.com, a popular website that provides tips and advice on the whys and hows of a variety of topics related to private money for real estate investing. Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. © 2007 by Tom Dunn.2006 Boot Review Ski
United Health Care Oxford
State Contractor License Ny
Golf Lesson Pga
Radio Station In Tampa Fl
Womans Basketball
03 05
Hawaiian Hilton Share Time Village
In Michigan Money Unclaimed
Fischer Tennis Rackets
Phone Number Wal Mart Home Office
Crystal Glass Ornament
Evenescence Lyrics
1 Cartoon Political War World
10 Dating Daughter Rule Simple Teenage
Hong Kong Shopping Guide
Heart Vitamins
Save Money On Gas
Hawaii Honolulu Rental Vacation
Holiday Inn Chapel Hill
Machine Manufacturer Part Supply Vending
Abc Safety Glasses
Unfinished Teak Chaise Lounge
10 Can Gallon Gas
America Depression Glass Miss
04 Cheap Trip
Pool Ideas
Furniture Upholstered Chaise
Bulk Machine Vending
Creighton University Medical Center
10 Christmas Dress
Beating Finance Guide Investment Manager Market Money Psychology Wiley
Fitness Kid Test
Tenerife Sunshine Holidays
Diabetic Quick Recipe
Heaters Camping
00 Gauge
Intolleranza Al Lattosio
07 Tundra
Athletic Balance New Shoes Womens
Crystal Mountain Rental
Body Weight Workout
Myrtle Beach Hotel Review
Blueyonder Email
Tip Of My Tongue
Peggy Lee Songs
Orthodontist Norfolk
Pool Cover Specialist
Menards Hardware Store
1 3 American Bed Girl In
100 Construction Financing Loan
I Island Palau Paradise Part
06 10 Child Drowns In Pool
Chewy Chocolate Chip Cookie Recipe
Drug Rehab Atlanta
Life39
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Maine Vacation House
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Reset Air Bag
Pub Table Unfinished
19th Country Country England Inn Inn New Recommended Recommended Series
Executive Matchmaking
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0 Three
North Carolina Bed And Breakfast For Sale
Vogue Magazine Archive
Antonio Holiday Inn San
Vending Guide And Directory
Fishing
American Card Company Credit Express
007 Gamecube
Country Download Free Karaoke
Western Jewelry
Shirt
Dress In Las Rental Vegas Wedding
Account Personal Retirement
1 Celebrity Club Fit
Soup In A Jar Recipe Gift
Cosmetology Schools In Va
Construction Cost Driveway Driveway
Replica Hockey Jersey
Business
Skin Care Mineral Make Up Mineral Cosmetic
Pixie Hair Cut Photo
1 Apartment Cat Search
06 Ea Fifa Sports
1 Investor Portfolio Stock Yahoo
Sunshine Productions
Global Warming In Artic Could Wipe Out Polar Bears By
Elder Law Louisiana
Wired Ribbon Wholesale
Affiliate Make Money Online Program Way
Flash Generator Mp3 Myspace
Outdoor Fireplace Designs
Villa Park Elementary
Now Accounts
Vancouver Sun Obituary July 2007
Cowboy Dallas Job
Jetro Cash And Carry
The Format Music
Bed Best Breakfast Maine
University Of Texas Medical Branch At Galveston
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