No Money Down Real Estate - Fund All Your Deals With Private Lending!!
If you invest in real estate, you need cash to buy houses. Even if you have a full bank account and great credit, you'll eventually run short on funds - or short on time to obtain a loan - for the next deal. Private lending is the answer. It is a bottomless pool of readily accessible funds: whether you have great credit or poor; whether you have cash reserves or not.
"Private Lending" refers to the process of borrowing real estate investment funds from private individuals at rates higher than these lenders can normally achieve in the marketplace. The attraction of private lending is the speed and ease of funding a deal.
Here's how it works?first you find or do marketing to find individuals interested in earning 10-12% interest (or whatever you deem affordable for you and attractive to others) on investments secured with real estate. You'll find these prospects everywhere. They belong to your local investors association, your church, your civic club, they're your friends and family, your neighbor next door. You'll be surprised how easily you'll locate them, and soon, they'll be searching you out. Just let everyone know that you pay high interest for their loans on your real estate projects.
As prospects express interest explain that the investments are secured by real estate and do not exceed 75% loan-to-value (LTV) of the after repaired value of the home. Each investment is based on a specific property, and they can decline any property with which they are not comfortable. All you require is that they approve quickly (within 48 hours), and can fund within 7-10 days or less.
Once they have approved the investment, the funds are wired to the closing attorney to be held in escrow. After the closing, the lender will receive a Promissory Note from you (either personally, from your business entity, or both), a Deed To Secure Debt (mortgage) on the property, lenders' title insurance, and listed as a mortgagee on the hazard insurance policy.
If no single investor can fund the entire investment, then piece several loans together by providing the largest investor with a first position mortgage, and each smaller investor a progressively subordinate (2nd, 3rd, etc.) mortgage. Typically, we pay an additional percentage on the interest rate to entice investors who accept subordinate positions.
The advantages of private lending are that there is a minimal approval process, and so availability of funds is quick. You pay interest only, instead of also incurring a loan origination fee commonly known as "points". You are never constrained by arbitrary rules as to how many mortgages you can have in your name. In fact, none of these mortgages ever show up on your credit report. In turn, the private lendor receives a higher interest rate with a very secure investment. Everyone wins!
Now you may be wondering how many people you know really have $75k -$100k -$150,000 just lying around ready to invest. More than you think - and most of them don't even realize it! That's because the money is tied up in their IRA's which they believe can't be accessed until retirement. That's only half true. They can't personally withdraw the money without suffering penalties; but they can invest their funds (and receive your interest tax-fr ee! if it's a ROTH IRA) if they rollover into a self-directing IRA.
A self-directed IRA is administered by a third party institution (we recommend Equity Trust Company in Ohio www.trustetc.com ) and allows the IRA owner to make decisions relative to the investment of the funds. In other words, the IRA owner can decide to use his IRA funds to make a real estate investment in your property. Most people do not even realize this as a possibility. They believe their money must stay tied up in an IRA until retirement earning nominal interest. Imagine how thrilled they are when you provide this alternative! Imagine how much money is currently sitting in traditional IRA's that you could tap into. There are more funds available than you can use. Isn't that a nice problem to have?
Since Equity Trust Company has all of the forms on their website, I ensure that making a loan is as simple as possible for my private lenders. I prepare all of the required documents so all they have to do is sign and fax to Equity Trust. From that point on, the private lender has nothing else to do. Simple. Easy. Their next task is approving the payoff when the loan is re-paid. Because the loan process is so simple, and the interest rate so favorable, investors are always begging to re-invest. This truly is a bottomless pool of investment cash.
Don't forget that if you have cash in an IRA, you can also increase the interest you're earning by becoming a private lender. You can not invest in any property or company in which you or your family have a vested interest, but you can invest in the projects of other investors which you know and trust. It's a great way to leap frog your IRA.
Have a rich week,
Lou
FREE! Real Estate Investing Secrets To Earning $100,000 Your 1st Year! -- 11 Overlooked Real Estate Statregies That Will Turn Your Investing Business upside Down And On The Fast Track TO Success...Guranteed! Plus A Bonus Track With A Secret So Successful It Can Double Your Investing Income Overnight!
http://www.InvestorSuccessTactics.c om
 Google News Updated : Thu, 24 Jul 2008 06:51:44 GMT Bashir Visits Darfur, Pledges Sudan Will Protect Relief Workers - Bloomberg
Bloomberg - By Paul Tighe July 24 (Bloomberg) -- Sudan's President Umar al-Bashir, indicted by the International Criminal Court for alleged war crimes in the Darfur conflict, visited the region yesterday and pledged to provide security for international relief ... Bashir returns to Darfur How Sudan Was Brought to Court Publ.Date : Thu, 24 Jul 2008 02:39:29 GMT Dynamo top United at soggy RFK - MLS - Major League Soccer
MLS - Major League Soccer - By Charles Boehm / MLSnet.com Staff WASHINGTON -- After two aborted tries on previous dates, DCUnited and the Houston Dynamo finally completed the first of their two league meetings on Wednesday night -- and some of Thursday morning, ... Mullan, Ching power Dynamo over DC United 2-0 Dynamo outlasts United despite lengthy delay Publ.Date : Thu, 24 Jul 2008 05:07:00 GMT Powerful quake injures 92 in Japan - CNN
CNN - (CNN) -- A strong earthquake injured 92 people and destroyed 31 buildings in northern Japan on Thursday, authorities said. People at an auto dealership in Karumai, Japan, clean up glass shards after a strong earthquake Thursday. Japan's North Hit by Magnitude-6.8 Quake; 95 Injured (Update3) Powerful earthquake hits Japan, dozens injured Publ.Date : Thu, 24 Jul 2008 04:51:37 GMT "X-Files" movie both satisfies and disappoints - Seattle Times Seattle Times - Mulder and Scully are together again in "X-Files: I Want to Believe." The story may be silly, but the agents' romance is compelling as ever. The X-Files: I Want to Believe AU Review Scully have I loved Publ.Date : Thu, 24 Jul 2008 06:01:06 GMT Oklahoma determined to have a strong finish - Fort Worth Star Telegram
Fort Worth Star Telegram - By MIKE JONES "Our whole mentality now is WTLG [win the last game]," Harris said Wednesday. "Come out and finish. It’s national championship or bust. Sooner, the better Players put success on Stoops Publ.Date : Thu, 24 Jul 2008 05:03:29 GMT Pittsburgh Cancer Center Warns of Cell Phone Risks - ABC News
ABC News - By JENNIFER C. YATES and SETH BORENSTEIN AP Writers AP The head of a prominent cancer research institute issued an unprecedented warning to his faculty and staff Wednesday: Limit cell phone use because of the possible risk of cancer. Red alert! The cellphone warning has been issued Pittsburgh cancer center warns of cell phone risks Publ.Date : Thu, 24 Jul 2008 00:01:03 GMT Obama lavished with airtime -- and criticism - Los Angeles Times
Los Angeles Times - As the media moves to correct itself for glowing coverage of the Democrat, it's entering a period of shallow analysis. By ON THE MEDIA, JAMES RAINEY It seems like just about everybody has spent the last week beating up on the media for showering too ... Veterans group hits McCain on troop pullout 'Generation Gap' Widens in the 2008 Electorate Publ.Date : Thu, 24 Jul 2008 05:43:11 GMT Add RSS Feeds To My Web Pages |
PARLOT::Ebooks, Scripts,
Websites, and more... If you've got a really unmanageable amount of credit card... Read More If you're looking for a secured loan, there are several... Read More There is a huge market for homeowners who have credit... Read More The usual modus operandi in most automobile purchases is as... Read More Like most people, you will probably wait until submitting a... Read More Credit Unions have long been known as the place to... Read More The revolution that has affected everyone's financing technique is online... Read More Many banks actively encourage their clients with low balances to... Read More If you are a traveller by heart then perhaps every... Read More What will it take for you to get a low... Read More As the term implies, Personal loans are simply loans for... Read More What is a payday loan? This is a small short-term... Read More If you have bad credit, have an emergency and need... Read More Albert Einstein called compound interest "the greatest invention of all... Read More Sometimes it might seem as though finding good loans UK... Read More Here is a useful beginner's guide to bad credit secured... Read More A bad credit history is like having contracted an infectious... Read More Payment protection plans are offered by payday companies to protect... Read More A quick cash loan also called payday loan, cash advance... Read More Every year, misinformed homebuyers, often first-time purchasers or seniors, become... Read More No one can say for certain where the history of... Read More When looking for loans online, you might find yourself wondering... Read More You are trying to buy a new property and selling... Read More Here is a useful guide to business loans. Business loans... Read More Borrowing money has become more and more popular in the... Read More
Adsense
websites
Should I Get a Consolidation Loan?
Finding the Best Secured Loan for Your Money
Poor Credit Mortgage - Overcoming Financial Slumber
Want a Cheaper Finance for Your Vehicle? Try Secured Automobile Loans
Do You Qualify for a Loan?
Searching for the Perfect Car Loan
Loans for Doctors ? Financial Funding for Healthcare Professionals
Why Bank Overdrafts May Be a Bad Deal For You
Holiday Personal Loans ? When the Traveller Within You Wants to Break Free
Online Loans Made Easy
What are Personal Loans?
Military Payday Loans
Bad Credit Personal Loan - A Pay Day Loan May Be Your Best Option, No Credit Check
The Wonders of Compound Interest
Getting the Best Loans UK with Bad Credit
A Beginners Guide to Bad Credit Secured Loans
Is Getting A Personal Loan With Bad Credit Impossible? Think Again
PayDay Cash Advance Loans - The Benefits of Using the Payment Protection Plan
If You Consider To Get a Quick Cash Loan Then Reconsider It
Top 10 Ways to Avoid Loan Fraud
A Brief History of Loans
Shopping for Loans Online
Bridging Loans - Fulfilling Financial Shortfall between Real Estate Transactions
Guide to Business Loans
Secured Loans - UK Overview
Affordable and Reliable Web Hosting Starting at $4.49/Month
Payday Loans And Pawnshops: Comparing Two Popular Ways Of Getting Cash Quickly
I remember years ago growing up when you needed some... Read More
Are You In The Market For a Car Loan?
Car loans are a tempting way to purchase a new... Read More
Online Payday Loans Offer Quick or Instant Approval For a Fast Cash Loan
Online payday loans companies offer quick approval with their online... Read More
Bad Credit Personal Loans ? Pertinent Pedestal for a Financial Resumption
In the arena of loan borrowing, there is hardly an... Read More
Lawsuit Loans - Caveat Emptor!
If you have been injured in an accident it is... Read More
Loan Options for College Students
You just finished high school and realize you have two... Read More
What is Credit Insurance?
Are you wondering what is credit insurance? Very simply, credit... Read More
No Credit? ? You Will Need a Bad Credit Loan
So you have never taken out a loan? You don't... Read More
How to Find Bad Credit Loans UK
Bad credit loans UK can sometimes prove quite difficult to... Read More
What is a Secured Loan?
A secured loan is simply a loan that uses your... Read More
Online Loans Made Easy
What will it take for you to get a low... Read More
The Best Day of The Week For Payday Loans
Whether your payday arrives every Friday or every other Friday,... Read More
When the Bank Says NO!
Factoring has been practiced for centuries. The Romans sold promissory... Read More
Debunking the FAFSA Myth
With the plethora of big-business entities jockeying for the money... Read More
The Truth In Lending Act
With a stated objective to help consumers, Congress deemed it... Read More
Guide to Personal Secured Loans
Here is a useful guide to personal secured loans. A... Read More
Do Payday Loans Deserve a Bad Rap?
We have all heard the stories about cash advance lenders... Read More
So Many Loans, So Little Time
If you find yourself in need of poor credit loans,... Read More
Loan Officer Marketing - The Power of Positioning
How do you build a marketing strategy that can have... Read More
Online Car Loans - Getting a Good Quote Online
Online car loans enable you to get a good quote... Read More
Finding A Thin Credit Or No Credit Motorcycle Loan
It is no secret that thin or no credit can... Read More
A College Loan Will Finance Your Education!
A college loan has given people all over the United... Read More
Loans - Good or Bad Debt?
When borrowing money it is usually because we lack the... Read More
What is a Car Loan?
A car loan is a type of credit offered by... Read More
The Best Way to a Farm Loan Success
The most important and difficult part in farm mortgage shopping... Read More
Loan |