Investing with the Stars: Real Estate Riches » Products

Private Lending Made Easy, Alan Cowgill

Nancy — Mon, 29 Mar 2010 00:22:08 +0000

This is my business. After many years in a corporate job working for others, I left because I wanted to run my own business my way and that’s exactly what I am doing. I am using my business skills to create the kind of company I want. Along with creating my own rules, procedures, and systems within my real estate business, I have rules that I follow regarding my private lenders. A couple of my rules are:

Make interest payment when property sells

One private lender per mortgage

I keep my word

Let me further explain what I mean on each of these…

Make interest payment when property sells…
I didn’t start out that way. I thought everyone would expect monthly or quarterly payments, so I started paying some early lenders monthly. But after a conversation with a RE guru, I quickly changed and now pay when the property sells. What a huge benefit to cash flow and what a BIG help with the office paperwork. Not only is this a matter of less paperwork for the staff, there is another practical reason for doing this. When a lender’s money is applied to a property at closing, the clock starts ticking. The interest rate starts. However, it may take a couple months to renovate the house and find a buyer or rent-to-own tenant. So the cash flow from the property will not even start for a couple months.

In addition, when you sell the house the lender gets a bigger chunk of money to lend back to you for your next project. Everybody wins.

One private lender per mortgage…
The #1 question I get from all over the country is “can I pool lenders money”. The answer is maybe.

You cannot “pool” lender’s money unless you fill out some paperwork with your state.

So, if you need more funds to purchase and rehab a property, then the 1st lender (the one with the most money) gets a 1st mortgage on the property and if you need more money to rehab the property, bring in a 2nd lender and they get a 2nd mortgage position.

They are your “Bank” and they get a mortgage (lien) on your property.

You take possession of the property in a land trust and you get the deed. The lender gets a mortgage. These are the two key documents on any real estate transaction.

Actually, you can have as many mortgages (1, 2, 3, 4, etc.) as you like on a property as long as you don’t over leverage the property.

I keep my word…
I follow my agreement with each lender exactly. I run my business with integrity. Like I said earlier, my rule now is that I make interest payments when the property sells. But there are a few early lenders with whom I made the agreement to pay monthly. I will stick to my agreement with them regardless of how long they invest with me. And, since they love those checks, they’ll probably be around a long time — and that’s great as far as I’m concerned.

For more information on Alan Cowgill’s program just go to www.investingwiththestars.net/alan/replay

– listen to 90 minutes video training.

Newly Released Real Estate Investing Training, 12 CDs and Workbook!

Nancy — Thu, 18 Mar 2010 18:28:18 +0000

Want to find out what the experts are saying about the market today? How would you like to

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12 hours of Real Estate Experts talking about how to find REOs, how to do short sales, how to

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asked refund if you want to send them back.

Again go now to: www.investingwiththerealestatestars.com

or call me at 800-804-5390 to order.

3 Top Speakers Replay Interviews – Check them Out, Free Gift too

Nancy — Sun, 03 Jan 2010 19:30:15 +0000

Special free gift…something you must read!
www.investingwiththestars.net/growrich.htm

HI Guys and Happy Holidays to you and your Family,

Since we are not having our weekly webinar on Tuesday night due to the holiday, I wanted to give you a few recordings that you can replay while enjoying your holidays. Also, I would like you to have a copy of ‘Think and Grow Rich’. If you have not read it, it is a great read to start the New Year! Go below and click on the recording for each speaker you would like to hear. Again, I wish you Happy Holidays and we are going to have a great New Year with more All Star Expert Speakers Lined up on “Investing with the Stars”. Also, I have convinced my husband, who is an expert on Rehab and Flipping houses, to do a 6 week workshop coming in January! Watch for more info on that! (p.s. if you want more details of the Rehab and Flipping Workshop you can email me at nancygeils@gmail.com and I will give you the prelaunch info!!!

Listen to these Interviews!
Darius Bazarandeh - Asset Protection
and Saving Taxes – don’t put this
off, you need to get your business
structured to protect you against
lawsuits and to save taxes…

Click here now:

===> tinyurl.com/yc98adn

Andy Heller – Finding and Buying
‘Real Estate Owned’ REOs (this stragegy
is becoming the best strategy even over
Short Sales in today’s market – there
are thousands of REOs and many more
to come-Learn how to capitalize on this
new wave of foreclosures!

Click here to listen again!

=== tinyurl.com/yj3sfll

Than Merrill – ‘Wholesaling for Quick Cash’
I know Than personally because he is
also from Connecticut and he is a Master
at wholesaling properties and teaching
you how to do it quickly! If you are just beginning and need some Quick Cash…Listen here:
and listen to him, he knows his stuff!

Click here to listen:

===> tinyurl.com/yl5tc7y

These 3 strategies can make YOU a lot of
MONEY in this current real estate
market. I recommend all 3 of these EXPERTS very
highly! Take some time over the holiday to
listen to these replays again, you’ll be
glad you did.

p.s Go ahead and Grab your copy of my
New Book Called ‘Finding Cash For Your
Real Estate Deals’ Just click below:
This book has an excellent strategy
for finding business lines of credit
and business credit cards to fund
your down payments and deals!

===> www.FindCashForRealEstate.com