How to Do Money Lending and Being Successful: Asia Edition
This bomb question will probably get some sense in your real money life, do you have any IRAs, 401k, or investment capital that is not earning you 12% foreseeably and trusted? If your answer is yes then this article is the only article that you should read.
The next question is obvious, you might be think how does your bank makes money then? Well the way they make the money on CD, savings and other investments, which is you, is they loan the money out on a higher rate of interest to people like the money lenders. Did you hear money lenders? Yes, that’s true. It’s simple and you, the future money lender, are cutting out the middleman.
Is Asia the safest place to do money lending business? You’re absolutely right, since all the regions in Asia are booming, the Middle East and it’s oil economy, South East Asian young tigers, the Mother China and its giant companies, the South Koreans, the Japanese, Hong Kong and Singapore.
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This is how private money lending works. Those private money lenders are going to buy houses and sell them. Money lenders prefer private individuals to fund their investments when buying houses. They will pay either 12% interest or 20% of the profit just to use your money. That’s how simple it is. It is just like an illustration wherein someone is driving and you are seated on the backseat, enjoying the ride. Making it more simple for you.
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How this works? Money lenders locate the property they want to buy. They borrow the funds from you to purchase the property. They have a formal closing and you get the mortgage of the home and also other documents. Since the money lenders have unlimited cash source they can buy at a deeper discount.
Let us summarize how this works. The private lender comes in. It is the responsibility of the money lender to give out secured documentation of the investments. They will start looking out for properties to purchase then buy. They also do the renovation. They will make sure that properties are sold. 12% or 20% is the profits they will share. They rinse and then repeat. It goes to show how easy it is. There are a lot of opportunities here in Asia. There are qualified professionals who can help you in money lender Singapore.
And since you are asking about those payments. How do you get paid?How is payment done then? What is the payment scheme in two different forms are and which one should you choose?
One, we can make a quarterly payments of the twelve percent simple interest or the interest accrues onto the house is sold in one check for payment of the principal and the interest.
Now you can choose which one you prefer. Think about it how you’re going to withdraw from a CD pretty much a low return and even if you take it out you’re still going to make more money with the money lenders after the penalty.
So everyone wins.