Multiple income streams have become the industry buzzword. Although everyone loves to talk about multiple streams of income, very few people actually have them.
Many of these people are working in multiple locations, earning pennies here and there, but not really capturing the true value of multiple streams. You can realize the true value of multiple streams by adding hard money lending to your client portfolios.
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Many investors in real estate have too many non-productive irons in their fire. They are landlords, builders, negotiators, and bird dogs. They may make a living from these jobs, but they aren’t as good as the work they put in.
A stream of income is only possible if the stream you are creating is consistent and flowing freely. You shouldn’t dance around on a hot roof like a cat once it’s begun.
You may still be enjoying your real estate investment business, but it is time to look at products such as creating hard money loans for yourself or generating streams to convert your trickles into income.
The freedom of underwriting your own deals as a hard money lender is amazing. Online courses are available if you don’t have any knowledge about hard money lending.
This will allow you to see a new world and will help you improve your real estate investment strategy.
Hard money loans for real estate are similar to conventional loans in that they are secured by real property and the lender typically receives a first or a second mortgage against the property.