How to Buy Bank Owned Properties, Foreclosure Financing, and Finding Private Money Investors

In this video, I answer a question from a viewer about how to find homeowner contact information, how to buy bank owned properties, how to get financing from others, and how to find private money investors.
---------------------------------------------------------
---------------------------------------------------------
Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click the link and make a purchase.

Read these immediately...

---------------------------------------------------------
About Ryan Ingram:
I believe the meaning of life is to become the best version of yourself for the benefit of all those around you.
Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom.
Unfortunately, on my salary in law enforcement, I couldn't make that happen.
I questioned my abilities as a provider, and for a brief time, even as a man.
I dedicated myself to read one book per day until I learned how to solve this problem.
3 years later, we have a few businesses and over 60 rental properties.
We made sacrifices along the way, but I learned the power of mentorship. I know the importance of finding someone willing to help and guide you, even if they are just a few steps ahead.

[davidmorrison]

This video reminds me of the idea that if you want better answers, you should ask better questions. Great questions made a great video!!

[aliciablanchard]

Thanks Ryan- Great video! A couple questions that came up as I was listening. How do you create an LLC/Entity or trust- perhaps even going into things like the cost associated with it and the steps of how it’s done and what’s needed. I think it would also be very beneficial to know the “Why”. What are the benefits of creating the entity? I love taxes “ well learning about them I should say” Most wealthy people have learned the benefits. I think this is an important piece to growing your wealth so I want to learn it early on and not years after I could have benefited from it. You once mentioned “depreciation” in another video but I didn’t quite grasp it. I know... quite a bit. I suppose if I’m learning, others will learn from it as well. Some of these questions may be for newbees- I appreciate you taking your valuable time to help me and others better understand the process and some of the things you had to learn along the way as a beginner.

[TheAnsmith]

Hi thanks for the post. Do you typically have a title company run a lien search for each property you bid on?

[Whitboy]

I heard the best forms of anonymity is to
1: have a trust own an LLC
2: form a LLC in Delaware

Edit: don’t stalk Ryan. Like I haven’t done that already 😂

[Royaltvmounting]

"i dont think i could identify the back of my hand in a line up" 😭😭🤣🤣

[marktetteh]

OK Ryan, say you borrowed 20000 from family and promised to pay them at a 12 percent rate. Do you just tag on that percentage amount to the total, say 2k in interest and pay them 22k back in total for a pre-determined length of time? Or how do you do it? Do you repay them when you refinance?

[BiggzNKiKi]

I have a 403 b but I lost my job to covid should I roll it into a Ira?

[mt]

Another great video ! Hey Ryan, did you get the chance to look at my email regarding my lender closing cost. Just wanna see your thoughts on it. Thanks again !

[marketwiderentals]

Self proclaimed expert...lol, too funny.