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Private Money App

Private Money App
  • #: 129002
  • Price: free ($0.00) In Apple Store
  • Category: Finance
  • Updated: 2010-12-22
  • Current Version: 1.0
  • 1.0
  • Size: 2.20 MB
  • Language: English
  • Seller: Jed Merrill
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.0 or later
  • © 2010 Domain Management, LLC
  •  Add to Favorite apps

 

Description

An attractive, must have app for real estate investors!

Got a deal our money will love?

Apply for privately sourced "hard" money for your real estate investments from anywhere your iPhone will go!

Private Money App funds both real estate and non-real estate deals that you back with first position liens on real estate, whether your own collateral or a business partner's.

Where there is an existing lien on collateral property, we often "wrap a loan around it" to make a deal work. Private Money App does not make second position loans.

Borrowing from Private Money App does put your collateral at risk in order to protect the private lender who has real money at stake. Be sure that you and your collateral partner discuss what you are getting into!

Unlike other lenders, Private Money App lends in all fifty states! One benefit is that if you have collateral property in one state and a property you want to buy in another, we are your best bet.

This app is not for applying for a house you plan to live in. We do not lend on owner occupied housing.

Because we do not enjoy the leverage benefits of big banks, our rates are higher than traditional mortgages, and also shorter term. To a seasoned real estate investor, we are worth every cent. Sophisticated investors build the cost into their deals.

Hard money is not for everyone! We are real people lending to real people to do real deals!

Once all parts of the application are in and approved, we fund in as little as 48-72 hours. That's faster than a bank!

Private Money App recommends that you have the desired property under contract before you submit the main application in Step 3 of this app.

Since each project is unique, we ask you to fax or mail in additional documents later in the process. For large projects (over $1 million) where you have a PDF or word processed loan summary already prepared, you should e-mail it to CB@PrivateMoneyApp.com immediately after filling out Part 3 in this app. We've done projects up to $15 million, but most are between $50, 000 and $250, 000. It is unlikely that we would do any project over $50 million, but send it to us anyway. We may have a partner who will.

As not all applications meet our criteria, Private Money App offers free teleconference training so you can learn how real estate investors successfully use our money. Sign up for invitations in Step 2 of the app!

Private money is a powerful tool if you know how to use it.

We teach you how.

Private Money App looks forward to helping you get your deals done. We hope this app alone will justify the purchase of your iPhone. (If Farmville and FatBooth haven't done it!)

Private Money App is money at your fingertips!

SECURITY INFORMATION: Note that Private Money App does not ask for your Social Security Number, account numbers or other highly sensitive data, but does store basic information about you and your deal in the application to make submission of future deals more convenient. We recommend you lock your device if you do not want this basic information to get into the wrong hands. To do this, go to Settings, General, and then Passcode Lock on your iPhone to select a four digit passcode.

Interested in becoming a lender? Visit our website:

http://www.PrivateMoneyApp.com/

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Rated 5/5 based on 2 customer reviews.

 

5/5 stars

Finally an easy way to get hard money

:
No frills here, just an easy application process for getting funding for investment properties. Good site reputation too.

5/5 stars

Money at your fingertips!

:
The only app of it's kind! If you are a real estate investor who has enough mortgage calculators, Private Money App is your new best friend! Tell a friend!

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The information may be outdated (2011-04-14 15:54:50). For actual information go to iTunes

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