I am so happy to introduce you to my Private Money Broker Certification course. I know there are a number of options out there, but to help you choose, I want to highlight the basics of our course, and the reasons why it’s unlike other programs. The following information will give you a general overview of our course- benefits, topics, next steps, etc. As to the differentiators, while there are many, the biggest has to do with our private money company Cogo Capital offering you wholesale pricing on all your deals.
It’s the center of everything we do, everything we teach and everything we want for our customers, our students, our financial clients, and our investors. Our company mission statement is simple:
We get more of what we want by helping others get more of what they want!
What are the Steps to follow to ensure that my deal gets funded?
While conventional lenders have no imagination and can’t see what you see, Private Money lenders are all about creativity and know that sometimes the uglier the house, the better the return will be! Having a Private Lender in your court gives you confidence to put properties under contract. As long as you find the no-brainer, steal of a deal, do the proper due-diligence, and turn in a completed package to your private money lender, you can be rest-assured that the deal will fund.
Everything is more simple when you have a process that you can follow. Today, I will unlock some of the secrets that all successful real estate investors incorporate into their process.
People always want to know how they can enter into the real estate investment business with little to no money, but lack a fundamental understanding of the tricks that can be used to minimize expense. Below are two tips straight out of my free whitepaper “How To Achieve 100% Financing”
We leverage through other people’s money.
The question is then: where can you find other people’s money? Well, you can start with family. Now, I have to confess to you that I have done business with family and I did not enjoy the experience at all. If you’ve had a different experience, then you’re doing better than me.
In the Book of Matthew, we read, “In his own town, a prophet is without honor.” Trying to convince your family that you’re suddenly this brilliant real estate investor and they should absolutely entrust their money to you is a pretty tough sell. They still remember when you were a little tyke, running around, causing problems or as a teenager when you were impossible to get along with and you thought you knew everything. This is the person that they think you still are.
Private money loans are nothing new; they are simply the result of people who have money, loaning it to people who need money. Private money loans simply create a direct path from lender to borrower, eliminating all the hoops involved in conventional bank lending.
A private lender looks at the asset that is being funded — in this case real estate, and based on the merits of the deal, loans a real estate investor the capital required to purchase a property and, often, the rehab money needed to get the property market ready.
BETHANY BLITZ of the Coeur d’Alene Press writes:
Secured Investment Corp. is donating $10 to Make-A-Wish Idaho for every mile one of its employees walks while at work. Throughout March, April and May, there are three opportunities each week where people can get out for a walk while on the clock. On Monday, COGO Capital, a subsidiary of Secured Investment, donated $1,240 it raised in March to Make-A-Wish Idaho, a nonprofit that grants the wishes of children with life-threatening medical conditions.
See the full article from the Coeur d ‘Alene Press by clicking here.
To an outsider, loans terms either sound like code or too just too challenging to “compute.” It can be pretty daunting, right? If you’ve ever owned property, you are probably a bit more familiar with loan term meanings, but hey, we all have to start somewhere.
Negotiating with the Executor
The second half of this guide reveals how to negotiate with an Executor and close a great probate rehab deal.