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Mike Lautensack - EzineArticles.com Expert Author
My name is Mike Lautensack and I started real estate investing in 1999 as a way to generate passive income and long-term wealth. Despite numerous mistakes and, what I like to refer to as "learning experiences", I started to have some real success by 2005 and made the leap to a full-time real estate investor.
In 2007, I started a residential property management company called Del Val Property Management, LLC which serves Philadelphia and ... [More]
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- Real Estate Investing and the Advantages of Private Money
[Real-Estate:Investing] With traditional mortgage and hard money lending getting tighter and tighter for most real estate investors - private lending is fast becoming the only option to finance your deals. What is private lending and how is it different than traditional lending. Private money is a type of mortgage financing that is usually provided by private people who have extra money that they are willing to lend at higher rates than they could get at banks or CD's.
- Real Estate Investors - How to Sell Your Property Before You Buy the Property - Build a Buyer List!
[Real-Estate:Investing] In your real estate investing business what is at the top of your "frustration" list? Could it be trying to determine if a certain property is a good deal not? Trying to determine if offer prices is "low" enough for you to make a profit. For most real estate investors, this dilemma causes no end of confusion and frustration. This is may be because your definition of a "good deal" may be skewed. What makes a property a good deal? The answer is: one that has a ready buyer.
- Real Estate Investing - Use of Creative Ideas For Real Estate Investment
[Real-Estate:Investing] Real Estate can become a very money making deal if the investment is done prudently and cautiously. To make the most out of the real estate various methods and ideas have been practiced over the years. But nowadays there is an increasing trend towards using innovative ideas in the field to make better profit with minimal investments and legal issues. The use of non-traditional and creative ideas for real estate buying and selling is termed as real estate investment.
- Real Estate Investing - Make Money in Real Estate With Little Or No Money
[Real-Estate:Investing] It's a contemporary notion that in order to succeed in the real estate business, you must have a lot of money. The concept is only partially true. Money can be made in the real estate market with having to invest lots of it.
- Real Estate Investing - Non-Traditional Ways For Selling Your House
[Real-Estate:Investing] Selling a house can prove to be a very tough task especially in time of economic recession when many people are not willing to invest in a house and prefer having it on rent. Then there are many problems associated with selling the house. There can be several different reasons for selling a house. It can be cue to personal reasons or the immediate need of cash or to get a new bigger house or simply to sell it because it serves no particular purpose.
- Real Estate Investing - Selling Houses Creatively
[Real-Estate:Investing] During the time of economic recession, there is a great amount of uncertainty involved. The same goes for selling the houses. You do not know where to start, how to bring potential buyers or how to value your property. This is a guide that is sure to help you in selling your houses creatively in today's situation. The reason behind selling a property can vary from the need of cash to personal reasons such as divorce.
- Real Estate Investing - Innovative Ideas For Selling Houses
[Real-Estate:Investing] When you decide to sell your house, the most obvious method for advertising such a sale is to post a sign in your front yard or using the classified section of a local newspaper. Conventional methods of selling houses are not compatible with the current situation since nowadays, due to the financial crisis; the number of buyers has considerably decreased. So you must come up with some bright new ideas for selling your house.
- Investing in Real Estate With Little Or No Money Down
[Real-Estate:Investing] Real Estate is a business that brings you cash in very small time possible. People usually withdraw from the idea because of the initial cash investment involved. But if you are really willing to adopt real estate as your professions then there are certainly ways in which you can invest in real estate without money. Especially in economic recession time it is a feasible option to invest in something with no money down.
- Real Estate Investing - Innovative Ideas to Buy Property at Low Rates
[Real-Estate:Investing] It is an essential part of real estate investing to be able to buy houses at discounted rates. The first step of buying any property is to find the potential sellers who are willing to sell the property. Make sure that the seller is negotiable, so that you are able to come to a price that suits you.
- 6 Innovative Ways to Purchase Real Estate For Your Real Estate Investing Business
[Real-Estate:Investing] Real Estate is a flourishing investment. When non-traditional and creative ideas are used to sell and buy properties, it is called creative real estate investment.
- Investing in Real Estate With Little Or No Money Down - It Still Works!
[Real-Estate:Investing] Real estate investment is a money making business but people actually fear investing in it due to the fact that initially you need to invest quite a handsome amount of money. This does not suit most of the people during the time of economic downturn. People generally do not want to take risks when it comes to investing money in a new business.
- Real Estate Investing - An Unconventional Approach of Selling Your House
[Real-Estate:Investing] The economic crisis is the talk of the town. People are afraid to spend money due to the uncertain market situation and the deepening crisis. The thought of trying to sell your house in this situation is enough to give you the creeps. Yet, in my opinion the, the time is still good enough to sell your house. The only thing that you must do is to be creative and unconventional in your approach.
- Real Estate Investing - Creative Approaches
[Real-Estate:Investing] In times of current crisis, making money has become quite difficult. Though real estate sector is most badly hit, still there are opportunities available for making good money in this area provided that you apply some creative methods of investing. More and more people are opting for the real estate industry regardless of the difficulties and challenges tied to this pursuit.
- Real Estate Investing - Different Modes of Financing in the Real Estate Business
[Real-Estate:Investing] There are certain popular modes of real estate financing including lending institutions, savings banks, commercial banks, investment banks, insurance companies, credit unions, brokers and individuals. The mechanics of each kind of financing differs from the other in certain ways and it is very beneficial to understand different modes of financing so that you can choose the one that suits you best.
- Real Estate Investing - Securing Finance For Your Real Estate Investment Needs
[Real-Estate:Investing] Real estate investment is basically investing in immovable properties especially buildings. Real estate investment is an amazing and earning business opportunity, if you know exactly what to do. One of the major problems that are encountered in real estate investment is seeking finance for the property you are investing in. If you are able to do that successfully there are more chances for you to thrive in real estate.
- Financing - An Essential to Your Real Estate Investment Business
[Real-Estate:Investing] Finance is defined as dealing with the capital investment and management of money and assets. Real estate financing in particular is concerned with investing money in real estate and plays a pivotal role in it.
- Real Estate Investing - How to Secure a Commercial Real Estate Financing From a Lending Institution
[Real-Estate:Investing] Home financing and commercial financing are two different ball games. If you want to secure a commercial real estate financing from a lending institution, you must take into account the following points.
- Investing in Real Estate Without Using Your Own Money
[Real-Estate:Investing] If you have no money of your own and you still want to invest in the real estate business. Don't be disappointed. There are various innovative and created methods that you can employ to become a real estate investor even if you have no money at all.
- Real Estate Investing - Getting to Know the Various Aspects of Real Estate Financing
[Real-Estate:Investing] Making lots of money in real estate is not at all difficult if you have an understanding of the way in which real estate market works. Below I am presenting the different aspects of the real estate game in a step by step manner for easy comprehension.
- Residential Property Management - 5 Key Elements Every Lease Agreement Must Include!
[Real-Estate:Property-Management] Drug-Free Housing addendum. We make the tenants acknowledge that they don't take drugs or sell illegal drugs. If they were to do that, it is in theory a violation of the lease and we could evict them with that behavior.
- Residential Property Management - How to Set Up Your Cash Management System
[Real-Estate:Property-Management] Structurally how do you set up your accounting or your financial model? In my business we have four primary accounts. I'm going to go through each one of them.
- Learn How to Cap Your Maintenance Costs at Only $400 Per Year
[Real-Estate:Property-Management] One of the things small owners may want to consider and is really a pretty good idea is what they call these home warranty programs. These programs are basically insurance that cost $400 to $500 per year and you essentially insure your entire house.
- Residential Property Management - How to Set Up a Chart of Accounts
[Real-Estate:Property-Management] We have several balance sheet accounts. We have assets, cash, receivables - rent that's not been paid but is due - supplies, pre-paid rent, the value of your building less accumulated depreciation, and then you have equipment. There are some other accounts that in theory you could put in here, but it's really not required.
- Residential Property Management - How to Handle Your Cash and Keep Accurate Accounting Records
[Real-Estate:Property-Management] We are going to talk about financial reporting or how to handle your cash, keep accurate accounting records, and tax issues. The whole accounting issue is an important area. It's one that if you make some mistakes it can really cost you, particularly if you were to do something wrong in terms of tax returns.
- How to Determine Business Deductions and Do Your Accounting Based on Cash Or Accrual
[Real-Estate:Property-Management] One of the things I try to remind people of is to always be thinking. It's not only the obvious expenses of your business, there are a lot of other business deductions you should be thinking about. Obviously if you spend $100 to replace a window that's a business expense - that's as clear as day.
- Residential Property Management - How to Strengthen Your Lease Agreement With Addendums
[Real-Estate:Property-Management] Section 32 provides all the attachments. Then there's the signature area. You date and sign it.
- Residential Property Management - Tax Account Tips and Strategies
[Real-Estate:Property-Management] Tax accounting - we're going to talk about that real quick. We talked already about cash or accrual. You have to pick one and go with it.
- Learn the One Secret You Must Know to Prevent Being Burned by Maintenance Contractors
[Real-Estate:Property-Management] One of the things you're going to learn is always make sure you are behind the contractor in the amount of work. Let's say the contractor does a $1,000 repair. What I suggest is that you only give that contract $200 or $300 to start.
- Why You Should Check References When Choosing a Maintenance Contractor
[Real-Estate:Property-Management] Maintenance is an important area, particularly if you're new in the business. This is an area where I see a lot of mistakes being made by investors. I spend a lot of our time in our property management business time coming in for new investors fixing or trying to overcome some of their maintenance issues and problems, particularly if they've done rehab.
- Why You Should Never Use a Store-Bought Lease to Rent Your Property
[Real-Estate:Property-Management] The biggest mistake of all, which is buying a store-bought lease or one free off the internet, is trying to modify that. I guarantee you that those leases are going to favor the tenant. This lease will favor you, the owner.
- Why You Should Require Renter's Insurance and Specify the Terms of Lease Termination and Renewal
[Real-Estate:Property-Management] Section 15 is worth comment. It's Renter's Insurance. We clearly require renter's insurance. It is absolutely a requirement of a good lease.
- The 3 Critical Things You Need to Do Once Your Tenant Moves Out
[Real-Estate:Property-Management] What is normal wear and tear? Well, that's always a tough one. I would suggest that you probably have a pretty good sense of that yourself.
- Importance of Adding Occupancy, Possession, Operations, and Disaster Clauses in a Lease Agreement
[Real-Estate:Property-Management] Section eight is called Use in Occupancy. This is an important area. This is where you list the other tenants, like we talked about earlier. If there are kids, you want them at least named on the lease so you know who they are and so you know the total number of occupants living in the house.
- How to Avoid a Major Mistake on Your Lease Agreement
[Real-Estate:Property-Management] The very first element on this I'm going to spend a minute on. It seems silly, but the first thing is the landlord. Who is the landlord? Some people might get confused. If they bought their property in an LLC and then create a lease and put their personal name here, make sure that whatever the property title is, that's the same name you use here.
- Why You Should Itemize All of the Additional Expenses in a Lease Agreement
[Real-Estate:Property-Management] Section five is called Additional Rent. This is the late fees and things like that. It lays out in very clear terms that our late fee is $75 a month. We talked about that on Thursday so I'm not going to go into that. It's laid out here.
- How to Keep Good Tenants and Avoid Vacancies Between Tenants
[Real-Estate:Property-Management] A couple of the things we can talk about are in terms of maintaining your tenants long-term versus short-term. Most leases are one year, but you'd love to keep your tenant longer. What I would suggest is that dealing with tenants is that you choose your tenants very wisely. If you pre-screen all the things we've talked about, it'll help you tremendously in terms of getting better quality tenants and it'll save you a lot.
- What to Do After the Eviction Hearing to Get Possession of Your Property
[Real-Estate:Property-Management] Learn what you should do after an eviction hearing to get possession of your property. After the court hearing, and assuming you have won, you need to focus on getting possession of your property. This is the second phase of the eviction process and you must you the same skills and accuracy to complete this step.
- How to Automatically Increase Your Rent 10% Every Year
[Real-Estate:Property-Management] Section three basically lists the Rent. There are a couple of things here. If a tenant is moving in during any period during the month - whether it's a stub period - we actually list that out.
- Tips and Strategies That Will Save You Tons of Time Collecting Rent
[Real-Estate:Property-Management] Discover important tips and strategies that will save you tons of time when collecting rent. One of the things we recommend as far as collecting rent is you have a P.O. Box. Most P.O. Boxes at your local post office or FedEx store don't cost very much. I get a P.O. Box at my local post office and it's less than $100 per year. It's like $45 every six months...
- The Importance of Notice to Quit and How to Handle the Process
[Real-Estate:Property-Management] Section 22 is a very, very important section. Each state is different here. This is what's called the Notice to Quit. This is what we talked about the other night. The Notice to Quit is the legal beginning of an eviction. It is a letter or document that you send Certified Mail typically or you deliver it to the door or send by regular mail.
- How to Start the Eviction Process and Make Tenants Pay Rent Or Leave
[Real-Estate:Property-Management] For the eviction process, you should send a late notice. Judges like to see that. They want to see that you've at least tried to work things out. Most states are going to require you to send some sort of notice to warn the tenant and give them the opportunity to correct the situation. Then you begin the eviction.
- How to Be Prepared Before You Go to Court During the Eviction Process
[Real-Estate:Property-Management] Be prepared. Make sure you've brought your lease. Make sure you've brought the exact amount that's due, to the penny, not about. Never tell a judge, "They owe about..."
- How to Prepare For Eviction Court and Avoid Making Costly Mistakes
[Real-Estate:Property-Management] Once the court date is there, the day and time, make sure you arrive early. Get there on time and, in fact, a lot of times the tenant will arrive also and you guys could have a few minutes to talk and possibly work things out.
- How to Collect Rent on Time and Avoid Collection Headaches
[Real-Estate:Property-Management] Non-payment guidelines, let's go through this. This is my guideline. The rent is due on the first. On the 5th of the month they have grace, one through five. So they can pay one through five, there's no penalty. On the 6th of the month there is a late fee. We charge $75. That's flat fees.
- Residential Property Management - Learn How to Collect Rent and Make Landlording More Fun
[Real-Estate:Property-Management] There's another concept we've got to think about, which is collecting partial rent versus full rent. Tenants will try to do this. Let's say they owe $1,000 in rent.
- What to Look For in a Tenant's Application
[Real-Estate:Property-Management] We want to make sure that the income is three times the monthly rent. That is something we rarely if ever violate. I would recommend you develop something similar to that whatever it is.
- Understanding How to Handle Security Deposits
[Real-Estate:Property-Management] The way we're going to talk about it is more general, because every state handles security deposits differently. I'm familiar with Pennsylvania rules and regulations, and I'm going to talk about Pennsylvania. Most likely your state is somewhat similar.
- Real Estate Investing - Learn Marketing Ideas to Get Motivated Sellers to Sell at Discount
[Real-Estate:Investing] If you are keen on buying a property, you can use some innovative real estate investing ideas for obtaining discounts from potential sellers. First of all you must find someone who is willing to dispose of his property. His reasons may vary from financial to personal causes but the situation may present opportunities for you to get serious discounts. You have to find such sellers and make use of your negotiating skills.
- The Importance of Educating Yourself and Keeping Up With Landlord Tenant Regulations
[Real-Estate:Property-Management] One of the things I recommend to everybody as part of this process is to make sure that you're getting a lot of education through real estate clubs and associations. I'll list a couple here for you to probably consider:
- Legitimate Reasons You Can Use to Decline an Application
[Real-Estate:Property-Management] It's important that you understand that when somebody applies for your apartment or house, that if you decide to decline them that you do it in such a way that it's not going to get you in trouble. Obviously, you cannot decline somebody based on sex, on race, on religion, things of that nature, so you're aware of that.
- The 6 Key Questions You Should Always Ask a Potential Renter
[Real-Estate:Property-Management] Meet all parties before accepting applications. We talked about that. There are six questions here that you should have on your lease. These are important.
- The Importance of the Confirmation and Explanation Portion of the Application Process
[Real-Estate:Property-Management] Then we get into the confirmation process. Here again you'll pull credit reports. Verify employment status. Get either pay stubs or call their employer, or both. Verify telephone numbers. Call all telephone numbers. Call landlords. Call their references. Again, in the end it's a smell test. Make sure that you're comfortable with these people and that they pass your smell test.
- Real Estate Investing - How to Use Creative Methods to Buy Discounted Real Estate
[Real-Estate:Investing] The use of unconventional methods for buying or selling property is known as creative real estate investing. Various types of creative real estate investing are being applied today such as bird-dogging, seller financing, wholesaling, lease options and buying from banks.
- Real Estate Investing - Learn How to Make Money in Real Estate Without Cash
[Real-Estate:Investing] It is a widely held belief that if someone wants to invest in real estate market, he must be loaded with cash. The idea is not entirely true. If you don't have enough money you can still invest in real estate. The notion seems unbelievable at first glance but it's true. Real estate investing with no money to put down is a viable option.
- Real Estate Investing - 5 Creative Ways to Sell Your House During a Recession
[Real-Estate:Investing] There are many reasons that might force an individual to sell his house. These factors may vary from personal reasons to financial reasons. The economic downturn may be causing a person to default on his mortgage payments or he may just want to get rid of an extra house in order to save money.
- Residential Property Management - Insider Secrets to Rent Quickly From Professional Property Manager
[Real-Estate:Property-Management] We use the MLS listing quite a bit, particularly on higher-end properties. We find $1,000 and above type properties do very well in the MLS system. Understand if you're not a realtor you can't use the MLS system. You can hire a realtor to do it but you do have to pay a commission. Typical commissions are one month. That is an option and it works fairly well, particularly for the higher end.
- How to Maximize Rental Income and Determine Your Property's Proper Rent Level
[Real-Estate:Property-Management] One of the other things we do a lot is comps. If you're new, you can use comps. You can go out to craiglist.com. Put in the street or the location or anything of that nature.
- The Importance of Screening Tenants and How to Do the Screening Process
[Real-Estate:Property-Management] Let's go through tenant screening. Let's say you prepared the property. You've done all the things you've talked about. You've gone through your marketing plan. You've advertised and done all that.
- Residential Property Management - Tips on How to Find Renters Using Newspaper Advertising
[Real-Estate:Property-Management] Particularly with newspapers you don't have a lot of space and it's expensive, so you're going to have maybe a headline, one or two bullet points, and then a phone number or website. You don't have a lot of space so you've got to make sure that you do it the right way. Your headline has to be appealing.
- How to Find Renters Using Mailing Lists and Bulletin Boards
[Real-Estate:Property-Management] Some other things you can do are email or voice mail blasts to people that have inquired before, if you're keeping everybody's names, phone numbers and things. If you buy a voice mail system, quite often they have the ability to do a voice mail blast - a pre-recorded message out.
- Residential Property Management - How to Use Websites to Rent Your Property Faster
[Real-Estate:Property-Management] We use a lot of websites to rent residential property. Obviously Craigslist in your various areas is one. For those of you who don't know, Craigslist is divided by cities or geographic areas and just about every area in the country has a Craigslist.
- Why You Should Pre-Qualify Callers, Ask Questions, and Follow Up With Potential Renters
[Real-Estate:Property-Management] Let's go through the more quantitative things that we can talk about. Obviously you're going to prepare your property. One of the things I really recommend, if at all possible, is to pre-qualify your callers. Use your voice mail system. That eliminates a lot of people that are obviously not going to work.
- Real Estate Investing - What You Need to Know About Financing
[Real-Estate:Investing] Securing real estate financing form a lending institution is never easy. The economic downturn has made it even more difficult. If you are a first-time borrower the lender will not be willing to provide you a loan unless he is thoroughly satisfied about your credit worthiness. There are some steps that you might take before applying for a financing in order to secure the loan.
- Learn the Secrets to Rent Quickly Other Owners Do Not Know - Video!
[Real-Estate:Property-Management] One of the things we do a lot more and more is we take a lot of photos of our property. We take outside and inside photos, still photos. On all the websites that we advertise on we make sure that we use as many photos as we're permitted.
- How to Rent Quickly by Pointing People to Your Property With Directional Signs
[Real-Estate:Property-Management] We do a lot of directional signs too. Directional signs are the little signs that are about 24" across, 6" high and they're red and they have a white arrow. In that white arrow, you could write something. Not a lot, but you can write maybe the house number or the street name, whatever.
- How to Move From "Mom & Pop" Management to a Professional Manager
[Real-Estate:Property-Management] What are the advantages of professional management versus mom and pops? One is improved profits. We've talked about that. I'll use the example of a $1,000 rental. I'll just keep using the same example.
- Residential Property Management - The Number One Rule to Get Your Property to Rent Quickly
[Real-Estate:Property-Management] One of the key points is getting a property ready to rent, because if you get it ready to rent it will rent faster, it will rent for more, maybe it'll rent for asking price and possibly even above asking price. I'll just give you a quick example. In Philadelphia we had an owner probably a year ago now, but he did a property and it was done to the hilt. It was beautifully done.
- Residential Property Management - How to Turn $10 Into $1000 by Managing Your Property Better
[Real-Estate:Property-Management] This is where we're going to get into valuations. Typically, again this is a rule of thumb, the monthly rents are going to be 1% or 1.25% of what the property's worth. So if the rent is $1,000, you can probably think that the house is going to be worth somewhere around $100,000 to $125,000. This is a ball park. This is a rule of thumb.
- Residential Property Management - How to Rent Your Property Using Section 8 Signs
[Real-Estate:Property-Management] Another sign that you could consider if you're open to this is Section 8. Now I'm not going to spend a lot of time tonight talking about Section 8, but this is a government program that basically pays the rent or a majority of the rent for the tenants. There are a lot of pros and cons to Section 8. Again, we're not going to spend a lot of time on that tonight, but Section 8, in the inner city particularly, is a very effective way to get properties rented.
- Rate of Home Ownership Plunging - 23 Million New Renters Are Coming - Are You Ready?
[Real-Estate:Leasing-Renting] A recent USA Today headline states "Rate of Owning Homes is Plunging - Analysis forecasts drop to 1985 levels". Homeownership in this country peaked at about 70% in 2005. Since that period the homeownership rate has declined to 67.4% this year and is projected to continue to drop dramatically to pre 1980 levels of about 63% by 2020.
- How to Save Thousands of Dollars With One Simple Clause in Your Lease
[Real-Estate:Property-Management] Can you force the tenants to get a renter's insurance policy? Well, yes and no. You don't need to force them.
- How to Handle Security Deposits So You Don't Get in Trouble With State Authorities!
[Real-Estate:Property-Management] Security deposits and how to deal with them is a very important area for landlords. It's important to understand that security deposits are not your money as an investor or as a landlord. They are not for you to be spending on fixing things up or going on vacations or whatnot.
- Residential Property Management - How to Prepare a Property to Rent Now and Beat Your Competition
[Real-Estate:Property-Management] The next thing we're going to talk about is how to prepare your property for renting. There are a lot of little things you could do. I see a lot of investors do too much.
- The Advantages of Professional Property Management Vs "Mom and Pop Management"
[Real-Estate:Property-Management] One of the things we're going to focus on is what is professional management versus mom and pop management. Now many of you may have a couple properties. Maybe you've read a book on property management, I don't know, but if you ultimately want to make a business and to grow wealth and to be a serious real estate investor, you need to become a professional property manager.
- Cost Saving Ideals and Ways to Make Apartment Turnover Cheaper and Easier
[Real-Estate:Property-Management] We typically recommend an antique white or a very light beige on the walls and flat and white on the trim. But by the same token, if you buy a property and it's got another color in it, maybe you don't love the color but if it's a rental you might want to just stay with the color because it can be very costly to paint a new color.
- Learn How to Collect Rent and Deal With the Eviction Process Without Attorneys
[Real-Estate:Leasing-Renting] Collecting rent is one of those situations where I have to use some rules of thumb, some feeling, some gut to try to figure out whether it's time to go and do the eviction or do we try to work with the tenant and see if they can get caught up. Maybe it's a temporary problem.
- Real Estate Investors - How to Get the Seller Motivated to Sell to You and Accept Your Offer!
[Real-Estate:Investing] In this stage of the conversation with the seller you take a little bit longer. In this stage what you want to try to develop what is the seller motivation?
- Real Estate Investors - How to Make Offers and Use the Range Technique to Save Tons of Money
[Real-Estate:Investing] Step four is a negotiation of price. I'm going to go into a couple of things here and these are really great techniques.
- Real Estate Investors - Learn How to Make Offers to Sellers - The Importance of an Upfront Agreement
[Real-Estate:Investing] This is also a very critical step where you want to develop within that person some common ground and agreement of what is going to happen between the two of you. Now all the commitment at this point is going to be, "Mr. Jones, if I make an offer you like, you'll tell me you like it. Mr. Jones, if I make an offer you don't like, you'll tell me you don't like it." That's all you're asking that person to commit to. That moves the process down the line.
- Real Estate Investors - How to Set Up a Follow Up System to Get Sellers to Call You
[Real-Estate:Investing] Somewhere in that sequence of follow-up I would really recommend that you do a phone call, but not right away - particularly if they're not a high-motivated person. Definitely on the fourth or fifth contact, about two weeks out, follow up with a phone call so they remember your voice and you stay in front of them.
- Why it is a Historic Buying Opportunity For Real Estate Investors
[Real-Estate:Investing] Before I get into the 10 success secrets, let's talk about real estate and what's going on in the market today. This is from an article I just wrote a couple weeks ago about what are going on in the real estate business.
- Real Estate Investors - How to Use the ABC Method to Follow Up on Potential Sellers
[Real-Estate:Investing] All my leads I rank as 'A, B, or C'. A's are clearly motivated potential quick sales. They are the ones you really want to focus your time and attention on. Potentially they're a deal in the next two or three weeks to a month.
- Real Estate Investors - How to Get an Instant 6% Reduction in Purchase Price When Making Offers
[Real-Estate:Investing] There are three techniques in the negotiation of purchase price with a seller that can dramatically reduce the price you pay. The three "R" techniques are the range technique, the realistically technique and the real estate agent technique. In this article we are going to explain the real estate agent technique. Be sure to practice this technique and you will find a quick 6% reduction is as simple as asking for the price reduction.
- Real Estate Investors - How to Get a Seller to Realize Their Selling Price is Too High
[Real-Estate:Investing] There are three techniques in the negotiation of purchase price with a seller that can dramatically reduce the price you pay. The three "R" techniques are the range technique, the realistically technique and the real estate agent technique. In this article we are going to explain the realist ally technique. Be sure to practice this technique and you will find a quick price reduction being offered by the seller without even asking.
- Real Estate Investment - How to Make an Offer With "Terms" Versus Making All Cash Offers
[Real-Estate:Investing] After going through the Three Rs with the seller by starting with a range, developing the range, then you do the Realistic Technique. "What do you realistically expect in this environment? Nobody's selling anything. What are you realistically expecting? It's a tough market to sell a house in.
- Real Estate Investing - How to Use Voice Mail Blasts to Sell Your Property in Tough Times
[Real-Estate:Investing] Discover how to use voice mail blast to sell your property during tough times. Learn how voice mail blasts work and tips to help you get the most from them.
- Real Estate Investing - How to Track Your Marketing Response Through a Voice Mail System
[Real-Estate:Marketing] One of the real advantages of a voice mail system is you have all these boxes, so every one of your different marketing pieces should have a different box number so it can be tracked precisely each and every month. That way you'll know, and you can learn, which of your marketing systems are working and which aren't.
- Real Estate Investors - How Using Voice Mail Systems Will Save You Tons of Time
[Real-Estate:Investing] Let's talk about voice mail systems. If you're brand new to real estate investing it's probably something to start with and if you're a seasoned experienced real estate investor and you're not using voice mail systems, I think it's going to be a real weakness in your system.
- Real Estate Investing - The Importance of Using Scripts When Creating Voice Mail Messages
[Real-Estate:Investing] When creating effective voice mail messages I use scripts. I've always used scripts. I think it's a great way to go. Sometimes they're hard to develop, but once they are you can just kind of use that when you go through and deliver your message.
- Real Estate Investing - How to Use Voice Mail Systems to Improve Your Marketing Response Rate
[Real-Estate:Marketing] Before setting up voice mail systems you have to choose one that will suit the needs of your business. I use a company called Freedom Voice Systems. I think there are probably 8 or 10 different programs out there that are somewhat similar. A typical voice mail system will have a couple different price points depending on your needs.
- Real Estate Investors - Learn the Most Important Element You Must Have to Make a Successful Offer!
[Real-Estate:Investing] The first step in the instant offer system is simply to build rapport. This is a fundamental building block to any offer. You cannot develop a deal with a seller if you're not in rapport.
- Real Estate Investors - How to Negotiate No Money Down Deals With Sellers Who Have No Equity!
[Real-Estate:Investing] Another way to negotiate a "no money down" deal is with a seller who has no equity. The property is worth $130,000 and this time the seller owes $100,000 and he wants $100,000 so no equity above what he owes.
- Real Estate Investors - How Make No Money Down Offers on a House That is Free and Clear
[Real-Estate:Investing] The first one is probably the easiest. This is a free and clear house. There is no mortgage on the property.
- Real Estate Investors - Learn the 5 Key Elements You Must Have to Make "No Money Down" Offers
[Real-Estate:Investing] I would like to talk about what I call the "WOWWW" formula. It is a simple formula that you've got to understand and incorporate into your business if you are serious about real estate investment.
- Real Estate Investor - How to Buy Real Estate With Zero Interest Rate Loans!
[Real-Estate:Investing] This is an example of what I call sub equity, meaning the house is worth $130,000 and the person owes $70,000. In theory there's $60,000 of equity in that property. Again, the seller wants $100,000. We're going to keep the scenarios fairly consistent.
- Discover How to Find High Net Worth Investors For Your Private Lending Program
[Real-Estate:Investing] The key for real estate investors to finding high net worth (HNW) private lenders is first the marketing image and then a consistency of purpose. It's essential to know that most affluent potential investors are NOT attracted to the typical private lending marketing. I receive loan requests all the time from friends, investors and others and most are very ordinary and uninteresting. Very few seem interested in getting to know me or my investment needs.
- Learn the Secrets of How to Talk to People About Lending Money Privately
[Finance:Personal-Loans] I am asked by new real estate investors all the time how to talk to people about private lending. They are concerned that no one likes to LEND money except for "banks". Or they feel they are so new how in the world would a seasoned business person talk to them about borrowing their money. Or we get this one a lot when they cannot talk to people because they have poor credit so why would someone lend to them.
- Real Estate Investors - Learn How to Avoid Hard Money Lenders and Discover Private Money Sources
[Real-Estate:Investing] One of my coaching students recent asked me how to raise money for real estate deals since she was having NO luck raising money through hard money lenders. In fact, she had just paid some "guru" $25,000 to take a course and the whole course was about how to raise hard money.
- Real Estate Investors - Managing Opt-In Lists to Attract Motivated Sellers
[Real-Estate:Investing] We spoke previously about how to attract motivated sellers by using an opt-in on your website and discussed how to set up an opt-in form. Collecting opt-in addresses is the key to building a great client list and establishing an ongoing relationship with your clients. Okay....so we have the opt-in form set up on your website. What happens once you start receiving names and addresses and where do they end up after the client signs up for your free real estate information?
- Real Estate Investors - Using Opt-In Lists to Get Motivated Sellers to Call You
[Real-Estate:Investing] If you own a website for your real estate investment business, there are many great tools you can use to keep in touch with your website visitors. As a general rule, your prospects may not deal with you the first time around. It usually takes several contacts before the prospect will trust you and decide to deal with you. The nice part about owning a website is there are many great tools available online to help you keep in touch with the potential prospects that visit your website. One of the tools is called an Opt-In list.
- Real Estate Investors - Surefire Copywriting Tips That Attract a Supply of Motivated Sellers
[Real-Estate:Marketing] When marketing to find motivated sellers, an important aspect to keep in mind is that how you convey your marketing messages is going to determine how successful you are in attracting motivated sellers to your real estate investment business. In the teleseminar series, I stressed the importance of writing attention grabbing headlines, tapping into emotion of the reader, highlighting the benefits of your services, and creating a strong call to action.
- Need Money For Real Estate Investing? Try Raising Private Money by Starting Here
[Real-Estate:Investing] Many of my students ask if they should try to raise private money with their family and friends. It is a natural place to start. And in many cases it does not make sense, but if you have the opportunity and if done correctly can be great way to get some initial seed money to start your real estate investing business.
- The "Magic Words" to Use When Getting Private Money For Real Estate Investments
[Real-Estate:Investing] Not sure what to do when talking to a potential private investors or what to say. Well what if I was to give a simple script you can use or customize to fit your business.
- Real Estate Investors - How to Find Motivated Sellers Using Three Powerful Words
[Real-Estate:Marketing] Discover three powerful words that will attract motivated sellers to your real estate investment business in droves. We have talked about the many different forms of distributing marketing messages that will help you attract motivated sellers to your real estate investment business.
- Real Estate Investments - Discover the Power of Using a First Rate Newspaper Ad
[Real-Estate:Marketing] Discover how to create a first rate newspaper ad that will get motivated sellers to ring your phone and knock on your door. Here a few things to consider when creating a first rate newspaper ad well as the type of advertisement you should use.
- Real Estate Investors - Are You Scared to Ask For Private Money in the Post Financial Meltdown Era?
[Real-Estate:Investing] The stock market is down 40% from last year. Real estate is down over 30% nationally. Everyone is currently scared to invest in anything.
- Real Estate Investors - 5 Unique Marketing Methods For Finding Motivated Sellers
[Real-Estate:Marketing] Finding motivated sellers is one of the best ways to find real estate property that is significant lower than the market value which means more profit from your investment. Here are some unique marketing methods you can use to find motivated sellers of real estate property.
- Real Estate Investors - 7 Great Tips on Finding Motivated Sellers
[Real-Estate:Investing] Learn about 7 great strategies you can use to get motivated sellers to start calling you. To increase your profit margin in a real estate investment property, it is important to develop a plan for locating motivated sellers who are willing to offer you a property that is significantly below market value.
- Private Money Lenders - Where to Find Them and Grow Your Real Estate Investing Business
[Real-Estate:Investing] For instance I heard of a real estate investor that found their investor standing in line at a grocery store. It was a long line and he started up a conversation with an older gentleman standing behind him. The topic came around to real estate after the gentleman asked what the investor did for a living. As soon as the investor said he was a real estate investor the gentleman perked up and said how ironic because he was looking for an investment since the stock market had tanked. It is as easy as that. Now that investor is a millionaire and retired at 35 all because he had the guts to talk with someone while standing in line at the grocery store.
- The 10 Top Reasons Why You Absolutely Need to Know How to Get Private Money
[Real-Estate:Investing] With today's very difficult lending environment it is very hard for most real estate investors to find a good consistent source of money for deals from banks and hard money lenders. This is where private lending comes in and offers many advantages over both of these traditional sources of money. If you want to be successful real estate investors you may need to consider private lending.
- Discover How to Find Private Money Lenders and Grow Your Real Estate Investing Business
[Real-Estate:Investing] Private money is one of the keys to a successful real estate business. In this post financial crises market it is very hard for real estate investors to get traditional loans and private money lenders are the only game in town. Having access to some private money lenders is a very valuable resource. Here are some tips and tricks to finding private money lenders and getting them to work with you.
- Finding Private Money Right in Your Back Yard and Buy Those Great Real Estate Deals
[Real-Estate:Investing] Finding private money lenders is easy if you know where to look. Potential lenders can be in line with you at the grocery store, owners of your local businesses, friends or family or anybody you know who have some money to invest. Right now our economy provides an excellent opportunity for finding private money lenders because they are looking for different ways to invest besides the stock market. Everyone in the country knows real estate prices have plummeted and right now is the time to buy.
- Discover How to Find Private Lenders and Grow Your Real Estate Investing Business Without Your Money
[Real-Estate:Investing] Finding the right private lender can make or break your real estate investing business. Not many investors have the means to put 20 percent down on a property and slowly over the years gather more and more properties. If you are an investor now though and have seen the huge drop in real estate prices finding properties that will cash flow is amazingly easy. So do not wait now is the time to buy as much as you can because prices will go up again and you will reap the massive amounts of profits to come.
- How Private Loan Lenders Can Jump Start Your Real Estate Investing Business
[Real-Estate:Investing] A Private loan lender is someone who, just like you and me, works and has saved their money to invest. In the past they may have invested in the stock market or bonds. With today's economic uncertainty the stock market is such a risky venture it makes real estate investing look like a stable market and has investors flocking looking for better alternatives.
- Real Estate Investors - Create Private Lenders Out of Thin Air - The Magic of Seller Financing
[Real-Estate:Investing] Learn how to pull private lenders out of thin air through the magic of seller financing. You will get folks to call you. These are the folks that really have deals because once they've called you and you develop this rapport process, you can then start to talk about seller financing.
- Real Estate Investors - Marketing Resources That Will Help to Get Motivated Sellers to Call You!
[Real-Estate:Marketing] You need to understand the pros and cons, how to do it, the various techniques that are involved, and really, if you want to become a serious real estate entrepreneur, you need to understand marketing because you're going to be constantly marketing for sellers. You're going to be constantly marketing for private lenders. You're going to be constantly marketing for tenants and tenant buyers. You're going to be constantly marketing for vendors and contractors. You're going to be constantly marketing for plumbers, electricians, all these folks.
- Finding Private Lenders - How to Build Your Real Estate Investing Business Utilizing Private Lending
[Real-Estate:Investing] Private lenders are just people like you and me that have some money to invest. Right now is an excellent time to locate these people because the stock market is in the tank so there are a lot of people who are looking for a good return on their money. Providing them a way to get an excellent return on an investment that is secured by real estate will turn any investor's head right now. Everybody knows real estate prices have dropped dramatically across the country and snapping up these good deals will propel your real estate investing business forward leaps and bounds.
- Private Lending - How to Get Your Sellers to Lend You Money
[Real-Estate:Investing] A lot of people forget about the seller when considering ways to buy real estate using private lending. The seller has just as much to gain by completing the transaction and usually will be open to a win/ win situation. Structuring a deal so the seller helps you to purchase their property increases your purchasing power and the chances of the transaction getting to completion.
- Private Money Lender - How to Find Money For Real Estate Deals Right in Your Back Yard
[Real-Estate:Investing] Private money lender can be the next door neighbor or your best friend Jeremy or Uncle Stan. When searching the market for some help in acquiring real estate remember private money simply means the funds are not coming from a bank. This opens up a whole new world for real estate investors needing to raise capital for their investments.
- Private Lenders - The Top 4 Ways to Find Private Money to Buy Real Estate at a Discount
[Finance:Commercial-Loans] Private lenders are a very valuable commodity to real estate investors. Sometimes they can make or break a deal. Having a few phone numbers to private lenders will help you greatly when you are in a pinch and want to purchase a really good deal.
- Private Lenders - How to Find Money For Your Real Estate Deals Quickly Using "Other People's Money"
[Real-Estate:Investing] How to find private lenders when you really need them is one of the oldest and hardest challenges facing real estate investors today. The moment that amazing bargain comes around the corner you know there are mere days until another investor in town will find it and secure an earnest money agreement on it. Yes there is still the possibility of a second chance at the property if it should fail to close escrow but that is a chancy game and there are much better ways to get the property you want.
- How to Use Post-It Notes to Get Motivated Sellers to Call You in Droves and Give You Deals!
[Real-Estate:Marketing] I think many of you have heard me talk about how I love post-it notes. I think it is slam-dunk the best way to get sellers to call you. Discover little known techniques on using Post-It notes to get motivated sellers to call you and give you great real estate investment deals.
- Real Estate Investors - How to Write Attention Grabbing Newspaper Ads to Attract Motivated Sellers
[Real-Estate:Marketing] Particularly in a newspaper ad, where you don't have a lot of space, you have to have a very powerful headline. Discover the secrets for writing attention grabbing headlines that will get an endless supply of motivated sellers to call you.
- Real Estate Investors - Using Newspaper Ads to Get Motivated Sellers to Call You
[Real-Estate:Marketing] Obviously you're aware that in terms of the private lending process, I do not recommend newspaper ads for a number of reasons. Discover important marketing strategies for creating newspaper ads to get motivated sellers to call you.
- How to Use Google Alerts to Get Private Money For Your Real Estate Investing Business
[Real-Estate:Marketing] One of the things that are important for you, as your education process progresses, and particularly in private lending, is that you're aware of what's going on around you nationally in private lending. Learn tips on how to use Google Alerts to find private lenders for your real estate investment deals.
- Learn the Secrets of How to Use Post-It Notes to Get Motivated Sellers to Call You
[Real-Estate:Marketing] Discover little known techniques on using Post-It notes to get motivated sellers to call you and give you great real estate investment deals. You're going to get calls from truly motivated people that want to talk to you further.
- Real Estate Investors - How to Get Motivated Sellers to Call You and How to Handle Those Calls
[Real-Estate:Investing] Discover the secrets on how to get motivated sellers to call you and how to handle those calls. Let's talk about marketing to get sellers to call you. This is obviously one of the critical components of your real estate business.
- Why a Voicemail System is a Key Component to Your Real Estate Investing Success
[Real-Estate:Marketing] Find out why a voicemail system is vital to the success of your real estate investment business. The voicemail system has been used for all the different aspects of your business.
- How to Use Voicemail Systems to Turbo Charge Your Real Estate Investing Business
[Real-Estate:Marketing] Learn how to use voicemail systems to find motivated sellers and turbo-charge your real estate investment deals. Before I get into the various marketing techniques, everybody should have a voicemail system set up.
- Real Estate Investors - How to Get Tenants Using the Power of Craigslist
[Internet-and-Businesses-Online:Social-Media] Discover how to get tenants for your real estate investment property using the power of Craigslist. Craigslist is a great way to acquire tenants for your real estate investment property.
- Real Estate Investors - How to Use Flyers to Get Motivated Sellers Calling You
[Real-Estate:Marketing] Learn great tips on using flyers to get motivated sellers to call you. Discover the 5 most important steps to remember when marketing with flyers.
- Finding Motivated Sellers - How to Use Bandit Signs to Attract Attention and Get Your Phone Ringing
[Real-Estate:Marketing] Learn the secrets of using bandit signs to get motivated sellers to call you. Discover the best methods to use and how to avoid the pitfalls.
- Real Estate Investors - The Number #1 Key to Your Success - Marketing For Motivated Sellers
[Real-Estate:Marketing] Discover what the number one key to your success is when it comes to finding motivated sellers of real estate property. One of the major reasons why investors fail is not enough leads. I'm seeing that over and over with my students.
- Finding Motivated Sellers - Why Bandit Signs Are the Most Powerful Way to Get People Calling!
[Real-Estate:Marketing] Learn the secrets of using bandit signs to get motivated sellers to call you. Discover the best methods to use and how to avoid the pitfalls.
- Real Estate Investors - Essential Elements Included in a Great Real Estate Marketing Plan
[Real-Estate:Marketing] Learn about the essential elements and techniques you should include to create a great real estate investment marketing plan. Discover why it is important to include these elements and how you can use them to grow your real estate investment business.
- Real Estate Investors - Learn Why You Need a Niche to Make Yourself Stand Out
[Real-Estate:Investing] One of the things you want to remember as a real estate investor is the importance of establishing a niche. Having a niche makes you stand out in the crowd as an expert in a specific area of real estate investment and will help you to gain more potential private lenders in your area of specialization.
- Real Estate Investment and Marketing - Tips About Using Social Bookmarking to Attact Private Lenders
[Real-Estate:Marketing] Discover why social bookmarking is an effective tool for networking with other real estate investors and finding private lenders. Learn how to do social bookmarking and what you should avoid when using social bookmarking to grow your real estate investment business.
- Private Lenders - How to Use Accountants and Financial Advisors to Find Private Lenders
[Real-Estate:Marketing] Discover tips on how to use accountant and financial advisors to locate private lenders. Learn the five most important steps for finding private lenders through accountants and financial advisors.
- Real Estate Investors - Where to Find Private Lenders and How to Get Their Undivided Attention
[Real-Estate:Investing] If you are starting out in real estate investment your initial challenge is gaining credibility with potential private lenders. The other challenge is how and where to find private lenders and how to get their undivided attention, especially if you are new to real estate investment. Who Are Potential Private Lenders?
- Real Estate Investment and Marketing - How to Create a Webinar to Help Skyrocket Your Business
[Real-Estate:Marketing] Learn how to create a webinar to attract private lenders and grow your real estate investment business. Discover important steps to creating a successful webinar.
- Real Estate Investment and Marketing - Creating Killer Sales Material by Using Swipe Files
[Real-Estate:Marketing] Another way to dramatically increase your responses is through the use of swipe files. Swipe files are collections of past sales letters and promotional materials that have a proven record of being effective, or have in some way captured your attention with their headline or some other feature that made them stand out from all of the rest.
- Real Estate Investing and Marketing - How to Use Two-Step Marketing to Attract Private Lenders
[Real-Estate:Marketing] Discover secrets on how to use two-step marketing to attract private lenders. Learn why two-step marketing is a powerful tool for attracting private lenders.
- Real Estate Investing - How to Get Private Lenders by Setting Up a Blog and Promoting Yourself
[Internet-and-Businesses-Online:Blogging] Unlike social media advertising, blogs have been around for a few years now and can be an effective way for you to generate real estate investment leads. Setting up a blog is a great way to promote yourself online and share your expertise as a real estate investor with others. You can also use it as a means for establishing your credibility with others and eventually attracting private lenders who will be interested in investing in your real estate deal.
- Real Estate Investment and Marketing - How to Generate More Leads Through Social Media Networking
[Real-Estate:Marketing] Up until recently advertisers were under the impression that social media websites were only for the younger generation. Not so anymore, as social media websites are becoming prime advertising portals that are now comparable in traffic sites to portal giants such as Yahoo and Google. More and more people are turning to social media and blogging to network for additional clients.
- Private Money Lending - Do I Need an Appraisal Or CMA
[Real-Estate:Investing] I am often asked the questions that if I am buying an investment real estate property and using a private lender to fund the deal - do I need an appraisal or is "Comparative Market Analysis" (CMA) good enough? What is a Comparative Market Analysis?
- Private Money - Using Click-to-Mail For Mailing Postcards to Find Private Money
[Real-Estate:Marketing] What is Click-to-Mail? Click to Mail is one of the sites within the United States Postal website. People outsource a lot of their private lending mailings on the Internet to this Click to Mail.
- Private Money Lenders - Using Postcards and Letters to Attract Private Money
[Business:Marketing] Learn about three important elements you should include when using postcards and letters to attract private money. Discover how to use these elements to create a successful marketing campaign with postcards and letters.
- Private Lenders - Using Speeches and Presentations As a Powerful Way to Attract Private Lenders
[Real-Estate:Marketing] I've done a lot of speeches and presentations to smaller senior groups in the Philadelphia community as my primary way to attract private lenders. I would do presentations sometimes where there would only be three or four people and sometimes there would be 30. It all depends.
- Private Lenders - How to Use Professional Networking Groups to Attract Private Money
[Real-Estate:Marketing] Discover important tips on how to use professional networking groups to attract private money. Learn how the power of networking with different professions can generate private money leads.
- Private Lending - How to Use Postcards and Letters to Get Private Lenders
[Real-Estate:Marketing] So within the real estate investment marketing program you've got a small postcard and templates for a large postcard that has a second page. You can modify this to fit your needs. Obviously you'd go in there and put in your name and phone number.
- Real Estate Private Lending - WARNING - Things Not to Do Using Craigslist and Bulletin Boards
[Real-Estate:Investing] We've talked about advertising with Craigslist and using bulletin boards a little bit. A word of warning here, just be careful of the language you use. I personally got in real trouble using Craigslist. I warn you of trying to make sure that it's informational. You can talk about a seminar or a free report or free information. All that is fine...
- Real Estate Investors - Using Law Journals and Senior Newspapers
[Real-Estate:Marketing] Law journals are something that's interesting. It's a small way of doing it. You have to be very, very careful again on how you do law journals.
- How to Attract Private Lenders Using Free Reports and Multiple Contacts
[Real-Estate:Marketing] Learn how to use a free report to attract private lenders. Discover how many connections you will need before private lenders will consider investing with you.
- Private Lending - Use Flyers to Capture the Attention of Private Lenders
[Real-Estate:Marketing] Discover how to effectively use flyers to capture the attention of private lenders. Learn about saturation and how to achieve a certain saturation point.
- Real Estate Investing - How to Create Killer Headlines to Attract Private Money
[Real-Estate:Investing] When marketing to find Private Lenders you need to apply the same formulas and techniques to your marketing to attract attention and get potential lenders to want to know more about you and your program. Let's go through headlines in terms of what they're trying to do and how to apply a few simple formulas to create attention grabbing headlines.
- How to Raise Private Money Using a Really Good "Elevator Speech"
[Real-Estate:Investing] Most of you have probably heard about elevator speeches and probably have been taught about elevator speeches. I don't know if you've actually sat down and prepared one, and that's an important process here. I'm going to challenge all of you to consider doing that.
- Private Lending For Real Estate Investors - Learn the 5 Danger Words NOT to Use in Advertising
[Real-Estate:Investing] We're going to learn the five words NEVER to use with your Private Lending marketing pieces. There have been cases out there where a state SEC has interpreted these words to be fraudulent statements. Let's go through the five words and why they could potentially be misinterpreted.
- Real Estate Investors - How to Get Private Lenders With Direct Response Marketing!
[Real-Estate:Investing] Learn the secrets to producing measurable results with direct response marketing. Discover the two main types of direct response marketing.
- Real Estate Investing - How to Add an "Advertising Disclaimer" to Your Private Lending Marketing
[Real-Estate:Investing] It is extremely important to learn how to develop an advertising disclaimer to use in all of your marketing materials that will keep you clear of the federal and state SEC. I have provided you with two template disclosure statements that you can use. I am not sure these are absolutely necessary if you're doing private lending the right way - that is, you're providing information and are offering CDs, reports or educational materials.
- Real Estate Investment Marketing Plan - How to Create Attention-Grabbing Headlines
[Real-Estate:Investing] Discover the secrets on how to create attention grabbing headlines with your real estate investment marketing plan. Discover the importance of including benefits and features when creating a headline.
- Real Estate Investors - The 7 Things You Should NEVER Do As Part of Your Private Lending Program
[Real-Estate:Investing] As part of our private lending coaching program we spend a lot of time showing students what to do. But we also show them many things NOT to do to stay out of trouble. Please find below the top 7 things you should never do as part of your private lending program.
- Real Estate Investors - Learn the Top 10 Words to Use in Your Headlines For Getting Private Money
[Real-Estate:Investing] Discover what the top ten words are that you should use in your advertising headline for getting private money. Learn what words capture attention and why.
- Real Estate Investing and How to Get Private Lenders Through Marketing
[Real-Estate:Investing] Discover what the three main elements are when it comes to private lending and marketing. Learn how to establish a relationship through direct response advertising.
- Real Estate Investing and Private Lending - How to Avoid SEC Issues in Your Advertising
[Real-Estate:Marketing] Let's talk about a couple of specific things to private lending and marketing. We've talked about marketing right now, but private lending has some uniqueness to it. I want to make sure you guys understand some issues here.
- Real Estate Investing - How to Use Headline Formulas to Grab Attention From Potential Private Lender
[Real-Estate:Investing] Learn specific headline formulas you can use to grab the attention of private lenders. Discover the power of emotional triggers and how you can use this to improve the response rate of a headline.
- Real Estate Investors - How to Draft a Proof of Funds Letter
[Real-Estate:Investing] If you are buying short sales from banks one of the requirements from most banks is a proof of funds ("POF") letter. If you are using a traditional lender it is generally easy to get a standard preapproval letter. But what if you are going to use private lenders or hard money lenders how you get proof of funds letter. I have drafted several example for you use in different circumstance depending if you are using private lenders for hard money lenders.
- Short Sale Offers For Real Estate Investors - How Can I Get a Proof of Funds Letter?
[Real-Estate:Investing] My coaching students keep asking how we get a proof of funds ("POF") letter for short sales. Most banks will require a POF letter with a short sale offer. So here are four different way to get a POF letter to meet your banks requirements.
- Real Estate Investors - Finding Private Lenders by Joining Real Estate Investment Clubs
[Real-Estate:Investing] Real Estate Investment Clubs are a great way to spread the word that you are a real estate investor and you are seeking private lenders to invest in your real estate deals. Joining a Real Estate Investment Club will help you to meet like-minded people in real estate that will either invest in your deals or helping you network by word-of-mouth. Why Should I Join?
- The Top 4 Things You Must Do to Develop a Great Real Estate Investment Business Plan
[Real-Estate:Investing] Do use the business plan template that I gave you. It should allow you to short circuit many of the frustrations of a business plan.
- Real Estate Investors - Have Real Estate Prices Hit Bottom? I Say Yes and Here is Why!
[Real-Estate:Investing] With all the bad news floating around in the real estate market, I though a bit of positive news might be in order. I have made the prediction that the real estate market of early 2009 has hit bottom based on the below factors. Yes it has been a tough bear market for real estate investors but there is finally light at the end of the tunnel. Real estate activity is picking up all across the country and prices have even started to go in some markets. This may well present an historic buying opportunity.
- How to Get Private Lenders For Your Real Estate Investing by Networking!
[Real-Estate:Investing] If I run into where I don't get a lot of private lenders wanting the wholesale route that I set up, and want to flip to them, then I'll have to fill in the gaps. That's why I'm listening to you and keeping that in the back of my mind. When I set something up I need to look at not only flipping it but hanging on to it for a longer period of time than what I really want to.
- Real Estate Investors - Wholesaling Deals and Private Lenders
[Real-Estate:Investing] I have covered many aspects to creating an effective business plan. Here we can discuss questions that have been asked by some of my students with regard to developing a business concept as well as other miscellaneous related questions.
- Real Estate Investing Business and Two Important Elements to a Great Business Plan
[Real-Estate:Investing] The last one is formula. Reformulate your business plan. A business plan is not set in stone. Don't write it in Word and then think that it never changes. It's a living, breathing document and it changes with the times and the elements of its surroundings.
- Real Estate Investment Business Plan - Developing a Sound Business Concept
[Real-Estate:Investing] Another thing you should do as part of your business plan and part of your explanation or discussion with private lenders is talk about your management team. Obviously you're going to talk about your own skill sets, and a lot of that was discussed last month in our credibility kit.
- Real Estate Investors - Can I Get Private Investors Across State Lines?
[Real-Estate:Investing] Learn rules and specifics for dealing with private investors across state lines. Is it a good idea or should you deal with private investors within your state?
- Real Estate Investing - 3 Important Factors to Consider Before Investing Your Money
[Real-Estate:Investing] One of the biggest concerns is to make sure you have a sound business concept that makes sense. Today, in this environment, the flipping or wholesaling of houses I believe is a very difficult concept. The universe of investors out there that are looking to take your property over have diminished dramatically over the last few months.
- The Top 4 Things You Need to Do to Make an Outstanding Business Plan For Your Real Estate Investment
[Real-Estate:Investing] Do package your business plan in an attractive way. Spend some time on it.
- The 6 Things NOT to Do When Developing Your Real Estate Investing Business Plan
[Real-Estate:Investing] When developing a business plan for real estate investing there certain things you should not do as follows: Do not be optimistic or overestimate your assumptions.
- Real Estate Investors - Creating an Elevator Speech to Attract Private Lenders
[Real-Estate:Investing] Learn how to create an effective 60-second elevator speech for promoting your real estate investment business. Discover what important elements to include that will attract private lenders.
- Real Estate Investors - Attracting Private Lenders by Talking to Everyone
[Real-Estate:Investing] Receive tips on how to find people to talk to about your real estate investment business. Learn techniques on how to spread the word to attract private lenders.
- Real Estate Investors - Creating Presentations on Real Estate Investment and Private Lending
[Real-Estate:Investing] Receive tips on how to develop a compelling educational presentation on real estate investment. Learn what elements are important to include and why.
- Real Estate Investors - Sending Letters to Find Private Lenders
[Real-Estate:Investing] Get tips on how to write an effective follow-up letter for your real estate investment marketing campaign. Learn what elements are important to include and how to use them to create a compelling follow-up letter.
- Real Estate Investors - Joining Professional Networking Groups to Find Private Lenders
[Real-Estate:Investing] Professional networking groups are a great way to use your elevator speech to locate private lenders. You can join networking groups such as Business Networking International (BNI) and gain access to many other professionals with like-minded interests, and be sure to include your 60-second elevator speech at every chance you get.
- Real Estate Investors - Writing Local Newspaper Ads For Private Lending
[Real-Estate:Investing] When using local newspaper ads to find private lenders you have to be careful with the way you word the ad, as well as with what you put in the ad. You can place ads in small newspapers offering the reader to attend an educational seminar or request a free report.
- Real Estate Investors - Creating Flyers to Attract Private Lenders
[Real-Estate:Investing] Learn how to create a flyer that will attract private lenders to your real estate investment venture. Discover what important elements to include that will attract targeted clients.
- Real Estate Investors - Using the Internet to Spread the Word to Private Lenders
[Real-Estate:Investing] The Internet is a fantastic way to spread the word about your real estate services, however you must have some knowledge of Internet marketing and a good sense of proper "netiquette" or else you can get yourself into trouble. You can spread the word through social networking sites like Twitter or Facebook. However, I strongly urge you to simply offer to provide educational information and do NOT make an offer to borrow money through Internet sources.
- Real Estate Investors - Using Postcards to Locate Private Lenders
[Real-Estate:Investing] Another great way to locate private lenders is by using postcards. You can purchase lists of high net worth individuals from mailing list providers. On the postcard you can create an invitation for the prospect to call you for free information or to attend an information seminar about your real estate investment business.
- Real Estate Investors - The Business Plan and Your Financial Forecast - Part I
[Real-Estate:Investing] Learn about the most important elements to include in a financial forecast for your real estate investment business plan. Discover what private lenders look for when it comes to demonstrating a sound financial forecast.
- Real Estate Investors - How to Develop a Business Plan and the Top Four Mistakes to Avoid
[Real-Estate:Investing] Some of the other things to avoid in terms of your business plan are what to do during a business downturn. If our environment today doesn't teach us this, you have got to plan and understand what happens in a worst-case scenario. With private lending, the scenario that you have got to explain to people is what the house is going to rent for, and if a private lender is involved in it what his interest payments are going to be each month.
- Real Estate Investors - The Business Plan and Your Financial Forecast - Part II
[Real-Estate:Investing] Learn what elements are most important when developing the financial forecast of your real estate investment business plan. Discover why the first year analysis is important to the financial forecast.
- Real Estate Investors - The Business Plan and the 3 Mistakes to Avoid
[Real-Estate:Investing] I would like to talk about some of the things we want to avoid in the business plan, and a lot of these come out of experience or viewing a lot of business plans over my lifetime, not only in the real estate business, but I also have a corporate background. I did a lot of turnaround work, and we evaluated a lot of business plans as part of that experience. We were probably analyzing 200 or 300 business plans a year, so I've gotten use to seeing a lot of plans.
- Real Estate Investors - The Business Plan and Assumptions in Your Executive Summary
[Real-Estate:Investing] The Executive Summary should be probably no more than one page ever. It's just two or three paragraphs, where you kind of take everything we just talked about and you boil it down to really one or two or three paragraphs. Ultimately, once you're sitting in front of a private lender, you would have this Executive Summary internalized in your own brain and you could lay that out to a person in a verbal format in a relatively comfortable way.
- Real Estate Investing - The "Business Plan" and Developing a Sales Strategy - Part II
[Real-Estate:Investing] Lease options are a great concept, but the reality is they don't work too often in the real world, particularly right now, because if anybody could not have gotten a mortgage a year ago - I think John is the mortgage broker - if they couldn't get a mortgage a year ago or 18 months ago, they're sure as hell not getting one today. The whole lease-option concept right now has some problems and some issues.
- Real Estate Investing - The "Business Plan" and Developing a Sales Strategy - Part I
[Real-Estate:Investing] Learn how to develop an effective sales strategy for your real estate investment business plan. Discover specific items to consider that will help to build a successful sales strategy.
- Real Estate Investing - The "Business Plan" and Developing a Market Analysis - Part II
[Real-Estate:Investing] Learn how to develop a market analysis for your real estate investment business plan. Learn tips on how to discover your target market for real estate investment and additional steps you should take to ensure success with your business plan.
- Real Estate Investing - The "Business Plan" and Developing a Market Analysis - Part I
[Real-Estate:Investing] Learn how to develop a market analysis for your real estate investment business plan. Learn tips on how to discover your target market for real estate investment and additional things you should consider when doing a market analysis.
- Real Estate Investing - The "Business Plan" and How to Implement Your Plan
[Real-Estate:Investing] Learn about key elements to include when implementing your real estate investment business plan. Discover what elements are important and why they should be included in the business plan.
- Real Estate Investing - Hard Money Loans Versus Traditional Lending
[Real-Estate:Investing] If you are going to keep your property long term, then get a traditional bank loan. If you are going to rehap, flip, and sell, then a short term lender is the answer. Follow this rule, and you will always know when to use a hard money and when to obtain traditional bank financing.
- Real Estate Investors - "7 Step Formula" to Secure Private Money
[Real-Estate:Investing] Are you a real estate investor and can not get traditional mortgages or hard money? Consider private money. Here is a 7 step guide to how to get private money.
- Learn the Real Truth About Hard Money Loans
[Real-Estate:Investing] Having trouble finding traditional financing quickly to rehab your investment property? A hard money loan may be the answer for you especially if your credit is less than perfect. Yes the interest rates are higher, but you have the freedom to act quickly and rehab your investment property so you can flip it and get your profit. When you are obtaining a hard money loan, be careful and know what you are getting into though. Check references. As in any business, there are unscrupulous lenders out there so just be thorough and check the lender out.
- Real Estate Investors - How to Use Private Lending With Lease Options
[Real-Estate:Investing] Purchasing discounted properties and then leasing them to a tenant/buyers works well in today's market. First, it gives the tenant an opportunity to buy their dream home even if they don't have perfect credit or a large down payment. If you can offer the tenant seller financing, all the better for both of you. However, if the tenant does not purchase the property, the upfront lease option money is yours and is non-refundable. If the tenant decides to purchase the home within the option period time, then you can work out some sort of credit system that applies the lease money towards the purchase of the home. It's a win win for everyone.
- Real Estate Investors - Why Investing in Short Sales Makes Sense Using Private Money
[Real-Estate:Investing] Because there are so many homeowners in today's market that are upside down, it seems like almost every other deal seems to be a short sale. Short sales make sense because you can purchase them at discounted prices and the banks are looking to avoid more foreclosure inventory on their books.
- The Key to Success As a Real Estate Investor is Access to Money - Here is How
[Real-Estate:Investing] Right now is the best time to find great real estate deals with low interest rates, a large supply of inventory and prices that are discounted and affordable. However, none of this means anything if you do not have a source of money for you to buy a bargain property. Every investor in today's market should consider private lending as their main source of funds to buy real estate.
- Learn How to Purchase Foreclosure Auction Properties and Use Private Money
[Real-Estate:Investing] Investors are finding a large number of discounted properties at foreclosure auction sales. The main problem with foreclosure auction sales is you need all cash most of the time to purchase the property.
- Why Deal With the Hassles of Conventional Loans and 90 Day Closes? - Private Lending is Alternative
[Finance:Loans] How does a conventional loan requirement compare to a private loan requirements? Well it is amazing how much time and effort is involved in pulling together the required documents for a conventional loan. As you can see from the below list it will take hours and hours to gather all these documents. Even after you have pulled all these together there is still no guarantee the bank will do the loan.
- Do You Know Why 10% of Real Estate Investors Make 90% of the Money? Access to Private Lenders!
[Real-Estate:Investing] Are you a real estate investor looking for private funding? It could be as easy as asking someone you know for the money. A family member business partner, relative, neighbor or friend all could be private lenders. Getting the word out to everyone you know that you are looking for funding and have some great deals is the best way to find private funding.
- Real Estate Investors Who Need Money Should Consider Private Money Lenders
[Real-Estate:Investing] Real estate investors are unable to find traditional mortgage lenders who will meet their financing requirements? Then you might want to consider locating a private money lender. Private money lenders are investors who, for the right investment opportunity, will loan you the money to buy real estate investments. As long as you have equity in the property and an exit strategy to pay them back, a private money loan should be easy enough for you to find. Here are a few places to locate your private money lender.
- Why Using Private Lending Can Dramatically Change Your Real Estate Investing Business
[Real-Estate:Investing] If you are tired of hearing no from banks in today's tight money markets, then it makes sense to use a private money lender. A private lender does not have to follow the same government rules and regulations that are imposed upon banks and other traditional lending institutions. Private lenders can choose who they want to invest with. All you have to do is convince your private lender why they should invest in your particular property, and let them decide on their own. This means less red tape, faster closings and more "common sense" underwriting terms.
- Private Lending Credibility Kit - Common Mistakes to Avoid - Part 2 of 2
[Finance:Personal-Finance] Discover the common mistakes to avoid when organizing a private lending credibility kit. Learn effective methods for organizing a private lending credibility kit.
- Private Lending Credibility Kit - Common Mistakes to Avoid - Part 1 of 2
[Finance:Personal-Finance] Discover the common mistakes to avoid when organizing a private lending credibility kit. Learn effective methods for organizing a private lending credibility kit.
- Private Lending - Why Before & After Deal Summaries & Marketing Examples Mean Money in Your Pocket!
[Real-Estate:Investing] Learn the reason why before and after deal summaries can put money in your pocket. Discover how to organize and display your marketing samples to represent your mission and your goals.
- Private Lending Credibility Kit - The Importance of Press Coverage
[Business:PR] Learn about my firsthand experiences with press releases. Get tips on how to write an effective press release.
- Organizing a Private Lending Credibility Kit - Frequently Asked Questions
[Business:Marketing] Read about the questions that are most frequently asked when organizing a private lending credibility kit. Learn what to watch for when using different marketing resources.
- Real Estate Investors - The Advantages of Private Lending
[Real-Estate:Investing] There are many advantages to using private lending to fund your real estate investment especially during the current uncertain economic climate. If you are considering using private lending to fund your real estate transaction, here are a few simple advantages to consider. Minimal paperwork Private lending has a number of advantages.
- Private Lending - The Two Key Elements You Need in Your Credibility Kit
[Real-Estate:Investing] There are two more key elements you need in a Private Lending Credibility Kit. These key elements lend significant credibility to your portfolio and define your ability to successfully execute a real estate transaction.
- Real Estate Investor - The Credibility Kit and Three Key Elements Including Educational Experience
[Real-Estate:Investing] When organizing your private lending credibility kit; be sure to bring out your educational experience for credibility. Any certificates that you might have or any boot camps you've been to, even any books that you've read. The more you can include in the kit the more powerful it is.
- Private Lending Credibility Kit - The Importance of Highlighting Your Team
[Real-Estate:Investing] Find out why one of the key elements in a Private Lending Credibility Kit is highlighting your team. Discover how to get your team involved with private lenders.
- Private Lending - The Importance of Including Testimonials in Your Credibility Kit
[Real-Estate:Investing] Learn how to use testimonials in your Private Lending Credibility Kit to gain the advantage over your competitors. Discover exactly how to gather testimonials and organize them in your Credibility Kit.
- Private Lending Credibility Kit - Using a Mission Statement to Define Your Purpose
[Real-Estate:Investing] Discover why a mission statement is an important element to include in your Private Lending Credibility Kit. Learn how to use a mission statement to define your purpose.
- Real Estate Investing - How to Use Your Local Newspaper to Raise Money From Private Lenders
[Real-Estate:Investing] It's no question that the real estate industry is suffering in this age of economic turmoil. Some have said that the mortgage industry has all but collapsed. People are afraid to buy and it's becoming near impossible for a homeowner or a real estate investor to find a traditional mortgage.
- Real Estate Investing - Can I Get Private Lenders Using the Internet?
[Real-Estate:Investing] Everyone is saying the real estate market, particularly the mortgage market, has collapsed. In recent times, it has become nearly impossible for a good quality homeowner to get a mortgage on a house or for a real estate investor to find a traditional mortgage.
- Real Estate Investing - How Speeches and Presentations Can Help You Raise Private Money
[Real-Estate:Investing] Of all the suffering taking place in America's recession, the real estate industry is getting slapped the hardest. The mortgage market has all but collapsed, because people are afraid to spend money they might not have tomorrow. Right now, it's nearly impossible for a homeowner to get a mortgage or even for real estate investors to get traditional mortgages.
- Real Estate Investing - How to Use Postcards and Letters to Raise Private Money
[Real-Estate:Investing] Let me guess, your real estate business is struggling? It's no surprise...actually most industries in America are reporting significant losses for 2008 and worse is expected to come in 2009. The mortgage industry in particular is struggling because real estate is the last thing on many people's minds right now. Potential homeowners are hesitating to buy a new house, just as lenders are hesitant to approve major loans.
- Do You Need Private Lenders? Well, Don't Stop Talking! The Answer to Your Real Estate Woes
[Real-Estate:Investing] It's no secret that the real estate industry is faltering because of America's economic recession. Many claim that the mortgage market has collapsed and traditional lenders are closing their door to anyone and everyone. This is understandable, since everyone is afraid to invest at such a volatile time. However, you still have a business to run, and getting people to invest is crucial. What can you do to improve your prospecting? Whatever the answer is, it surely must be complex and very expensive, right? Or is it?
- Real Estate Investors - The 6 Key Elements to Develop a Business Plan For Attracting Private Lenders
[Real-Estate:Investing] The 6 key sections of your Real Estate Investing Business Plan should include the following sections: executive summary, market analysis, implementation plan, sales strategy, financial forecasts and assumptions. Executive Summary: Write the rest of the plan first, then come back and summarize everything, including your goals, objectives and assumptions.
- How to Get Private Lenders With a Well Prepared Elevator Speech
[Real-Estate:Investing] It's safe to say that the mortgage market in America is not only in recession but has downright collapsed. Today, it has become exceedingly difficult for a homeowner to land a mortgage. Furthermore, real estate investors are having even more difficulty finding traditional mortgages. That leaves only one real option: private lenders. Now the question is how does a real estate investor find one of these private lenders? Isn't it difficult to qualify lenders? You may think it's difficult to find any resources, let alone qualified ones.
- Real Estate Investors - How Do I Find Private Lenders? Try Marketing With Flyers
[Real-Estate:Investing] Flyers? Aren't we going back to the 1980s? Wait a minute, who used flyers in the 1980s anyway? Passing flyers around does seem like an old school tactic when it comes to selling or promoting businesses. What's important to realize however, is that it's not the flyer advertising method that has gone out of style-it's the old school approach. You can still use flyers to promote an idea or a business or a seminar. You just need to change the tone of your flyer and find the right pitch to work with.
- Real Estate Investing and Private Lending - The Importance of Networking to Your Success?
[Real-Estate:Investing] It's not enough to say that the mortgage market in America has slowed or is in recession...when it comes to mortgaging the entire market has collapsed! Homeowners are having great difficulty getting a mortgage even with perfect credit, and real estate investors are having more difficulty getting traditional lending companies to work with them.
- Can You Find Private Lenders at Your Local Real Estate Investment Clubs?
[Real-Estate:Investing] You can't blame yourself if your real estate investment business is suffering. Everyone is hurting right about now, just as America enters the lowest ebb of its economic recession. The mortgage market in particular is very unstable right now, since not many people want to buy. Additionally, it's getting harder for real estate investors to get traditional mortgages. This leaves people like you with only one real option: look for private lenders. Maybe traditional options will open up in a few years when the economy improves, who knows? For now however, you have to go where the peak business is. Private lenders are making up most of the active real estate right now.
- The 4 Required Documents of a Private Lending Transaction
[Finance:Loans] Let's take a look at the actual forms that are involved in a private lending transaction. These are very important; albeit one of the major, major advantages of private lending is the fact that there are not many forms.
- Private Lending Transactions - The Importance of an Effective Cover Letter
[Real-Estate:Investing] An effective cover letter is essential to creating a successful private lending transaction. Discover tips on how to create a cover letter that will capture a private lender's attention.
- Private Lender Transactions and Your Credibility Kit - One Key Element
[Real-Estate:Investing] Learn about the one key element in a private lending credibility kit that will capture an investor's attention. Discover how to develop the key element to increase your chances of getting a private lender to invest in your real estate deal.
- Private Lending For Real Estate Investors - Credibility Kit Marketing Tips
[Real-Estate:Investing] Learn how to use a private lending credibility kit to identify the serious players that will fund your real estate deal. Receive tips on posting your credibility kit and using it to build a trust relationship with a potential private lender.
- Private Lending Program For Real Estate Investors - Pros and Cons of Group Presentations
[Real-Estate:Investing] Learn about the pros and cons of group presentations for a private lending program and which type of presentation works for you. Discover why loan to value ratio is the most important element to include before creating your presentation.
- Real Estate Investors - Tips on Starting Out With Private Lending
[Real-Estate:Investing] Starting out with private lending can be tricky if you do not know some key aspects to look for. Learn essential tips for starting out with private lending successfully and avoid some of the pitfalls.
- Building a Private Lending Program - How to Use Networking to Get Private Lenders
[Real-Estate:Investing] Networking is a great way to build your private lending program. Learn new tips for strengthening your networking skills to build a successful private lending program.
- Private Lending For Real Estate Investors - What Are the Key Elements to Private Lending?
[Real-Estate:Investing] Private lending programs for real estate investors include a number of key elements. My coaching students understand and I kind of beat them over the head a few times that there are two primary elements to a private lending program and then there are additional elements that are very important. Without the first two primary elements getting done and getting done properly, you don't have a chance of getting the loan.
- Real Estate Investors - What is Private Lending?
[Real-Estate:Investing] The article discusses what private lending is and how to develop a relationship with a private lender. A discussion follows regarding private lending with a seller involved.
- Private Lending Program For Real Estate Investors - How to Format Your Credibility Kit
[Real-Estate:Investing] Credibility kits can come in many, many different forms. You can do them fairly casually. Just put together a bunch of papers, and photocopy them. That's probably been the traditional way of doing it. It doesn't really look very well put together or well-thought out.
- Real Estate Investors - How to Offset Today's Rental Price Softness
[Real-Estate:Investing] The real estate market and the rental market continue to be effected by the financial credit crisis and the recession. The impact of these events needs to be considered if you are renting a property at this time or considering renting your property because it will not sell.
- Real Estate Investors - The 9 Top Ways to Find Private Lenders
[Real-Estate:Investing] I a sure you are aware the mortgage market in this country has collapsed. I do not mean "it is slow" or "down slightly", I mean it has COLLAPSED. It is almost impossible for a home owner to get a mortgage and down right impossible for real estate investors to get traditional mortgages. The solution for the next couple of years will be private lenders. But how does a real estate investor find private lenders. Well, finding a private lender is not nearly as difficult as people think.
- How to Get Unlimited Access to Funding Using a Private Lending Credibility Kit
[Real-Estate:Investing] Every real estate investor knows that in order to make money you have to spend money. If you are starting out in real estate, this is not always an easy venture if you do not have the means to fund real estate ventures using your own money.
- Tips on Creating an Effective Bio For a Private Lending Credibility Kit
[Real-Estate:Investing] A private lending credibility kit tells a private lender a lot about you and your work ethic as well as your ability to negotiate and execute a successful real estate transaction. Although the cover letter in your private lending credibility kit is the first thing the lender sees, the bio that you include is equally important.
- How to Create a Cover Letter For a Private Lending Credibility Kit That Makes You Stand Out
[Business:Resumes-Cover-Letters] The cover letter that you include with your private lending credibility kit will determine the first impression you will make on a private lender. Creating an effective cover letter will also determine whether or not the private lender continues to review the remainder of your portfolio as a potential borrower.
- 5 Top Marketing Tools to Include in a Private Lending Credibility Kit
[Real-Estate:Marketing] A private lending credibility kit almost seems like a well known tool that every real estate investor uses to secure funding from a private lender. In reality, the private lending credibility kit is actually a little known tool and if it is organized and marketed properly, it can be an incredibly powerful tool when it comes to funding your real estate deals.
- Private Lending - 5 Mistakes to Avoid When Building a Private Lending Credibility Kit
[Real-Estate:Investing] An effective private lending credibility kit is often a real estate investor's ticket to the success for securing funding from a private lender. If your private lending credibility portfolio is compelling enough, you will have private lenders flocking to your doorstep and you will be able to establish long lasting business relationships for future real estate transactions.
- Private Lending Money - Tips on Marketing Your Private Lending Credibility Kit
[Real-Estate:Investing] As a real estate investor, you know how important an effective private lending credibility kit is to the success of your business, especially if you are just starting out. Instead of being at the mercy of conventional lending institutions to approve your loan, a private lending credibility kit will set you up for success in the world of private lending.
- Private Lenders - 7 Tips For Creating an Effective Private Lending Credibility Kit
[Real-Estate:Investing] The lending climate with conventional institutions in the current economy certainly does not rule in favor real estate investors or those that are just getting started in real estate investing. More so, the success of your real estate investing business is consistently at the mercy of the lending institution.
- Private Lending 101 - How to Sell a Private Lending Mortgage
[Real-Estate:Investing] Private mortgages are considered negotiable instruments which means they carry the option of being purchased or sold just like stocks and bonds or other similar investments. The seller of the private mortgage can receive a lump sum of cash to reinvest for larger returns.
- Private Lending - 6 Steps to Develop Your Own Private Lending Program For Real Estate Investors
[Real-Estate:Investing] If you are a real estate investor, or if you want to get started in real estate investing, having a steady source of mortgage money is absolutely essential to your real estate investing business. In fact, having a good source of mortgage money will give you such an advantage in the post-credit bubble market that you can get better deals than your competitors can get by making better offers. Imagine getting a 5% to 10% lower price simple because you can offer an "all cash" offer versus your competitors having to ask for a "financing contingency" in their offer.
- Private Lending - 5 Key Things All Real Estate Investors Must Do to Start A Private Lending Program
[Real-Estate:Investing] As a real estate investor, when you find a property that is below value or a motivated seller you want to close quickly to be sure you get the deal before your competition get the deal. But, and it is a big "But", it is almost impossible for real estate investors to get traditional mortgages in the post-credit bubble world.
- Private Lending For Real Estate Investors - How to Build a Credibility Kit That Makes You Stand Out
[Real-Estate:Investing] If you are a real estate investor in the post-credit bubble market you are acutely aware that traditional sources of loans and money are no longer available. The only option to get money to buy real estate investments is to start and develop your own private lending program. One of the key elements to getting private lenders to invest in your real estate investing business is to develop and build a strong reputation as someone who is trustworthy and experienced as a real estate investor. One of the ways you can achieve this is through a creditability kit.
- 4 Ways to Raise Private Money For Real Estate Investors
[Real-Estate:Investing] Now that the mortgage market for buying investment real estate is all but dead - investors need to have other sources available or go out business. The answer is private money raised from people, not banks, through a process called private lending. Here are the four top ways to attract and develop your group of private lenders. Theses include (1) Private Lending Group Presentations, (2) One-on-One Meetings, (3) Out of Town Prospects - Creditability Kit, and (4) Existing Private Lenders.
- 10 Top Reasons to Hire a Residential Property Management Company
[Real-Estate:Property-Management] Once you have invested in a rental property, the responsibility of maintaining and running the property can quickly become overwhelming. For many Owners, the logical solution is to hire a Residential Property Management company to oversee their rental property. But is this the right decision for you?
- 5 Top Sources of Financing For Real Estate Investing and Why Private Lending Beats Them All!
[Real-Estate:Investing] There are many sources of financing available to use as a real estate investors. It is important to know the different financing options for structuring your real estate investment business. As you will see in this article that private lending has several advantages to the other sources.
- 5 Top Reasons to Hire a Residential Property Management Company in the Post-Credit Bubble Market
[Real-Estate:Property-Management] Residential Property Management firms are increasingly being hired today by the owners of rental real estate as a result of the inability to sell their house or property in today post-credit bubble market. There are a number of reasons for hiring a residential property management firms.
- Private Lending - Can I Use Radio Or Newspapers to Find Private Lenders?
[Real-Estate:Investing] One of the question I received a lot from coaching students is how can I advertise for private lenders in my real estate investing business. And more specifically, can I use radio or newspaper advertising to get people to come to a free seminar or to call me directly. However, there are real problems with this type of advertising.
- How to Avoid the Fannie and Freddie Rule of 4 Property Limit For Real Estate Investors
[Real-Estate:Investing] Fannie and Freddie have recently enacted restrictions that have really impact real estate investors by limiting each investor to no more than 4 loans. In today environment with traditional mortgage very hard to get, this new restriction will severally limit the amount of business serious real estate investor can perform. However, there is an alternative that has no restrictions.
- Private Mortgage Lenders - Pros and Cons of Using Private Mortgage Lending
[Real-Estate:Investing] A discussion of the pros and cons of private mortgage lending versus actually buying real estate investments. Private mortgage lending can be beneficial or difficult depending upon how you manage it in the current economic climate.
- Private Lending - Do I Need an Accredited Investor For My Private Lender Program?
[Real-Estate:Investing] In Part 1 of this article, I defined what an "accredited investor" is and in this article I will address the issue if a real estate investors needs to deal with "accredited investors" or can they use people who are not "accredited investors" as part their private lender program. Under the Securities Act of 1933 (the "Act"), a company or person that sells securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies or people with a number of exemptions.
- Private Mortgage Insurance - Can it Be Used to Protect Private Lenders - Yes
[Insurance:Home-Owners-Renters] Learn how private mortgage insurance can be used to protect private lenders. How payment options for private mortgage insurance offer flexibility for the borrower.
- 6 Steps to Develop a Private Lending Program For Real Estate Investors
[Real-Estate:Investing] Wow, has the real estate market changed in 2008! Real estate investors have been shut out of traditional mortgage money. But just as the mortgage market is shunning the real estate investor - we are starting to see signs that the real estate marketing is starting to bottom and home prices have even gone up in some markets. So how do you take advantage of this buying opportunity if you can not get mortgage money from traditional sources? Private lending is the answer.
- Private Lending - What is a "Accredited Investor" and Do I Need One For a Private Lender Program
[Real-Estate:Investing] Many of my students ask if they "must use" an accredited investor when borrowing money to purchase real estate investments through a Private Lender. The answer involves two issues. First, what is an "Accredited Investor"? Second, am I required to use an accredited investor in my state for Private Lending Program?
- Private Money Loans - Learn How to Borrow From Private Money Loans and an Easy to Use Checklist
[Finance:Loans] Learn the details of the lending and borrowing process for a private money loan. The lender and borrower's checklist to ensure a successful private money loan transaction.
- Private Lending - How to Connect With a Private Mortgage Lender
[Real-Estate:Investing] How to connect with a private mortgage lender who will finance your real estate investment. Tips on finding a private mortgage lender to finance your real estate investment.
- Private Lender Real Estate Financing Versus a Conventional Mortgage
[Real-Estate:Mortgage-Refinance] Private lender real estate financing versus obtaining a conventional mortgage through a lending institution. Outline of the benefits of private lender financing.
- Private Mortgage Lender - What to Expect From a Private Lender
[Real-Estate:Investing] What to expect from a private mortgage lender with regard to loan-to-value, private lender property interest, property cash flow, and exit strategy. A discussion on the decision making process of the private mortgage lender.
- Private Lending - How to Finance Real Estate Through Private Mortgage Lenders
[Real-Estate:Mortgage-Refinance] How to finance real estate through private mortgage lenders by using a few simple steps. Discussion of the Promissory Note, Mortgage, Certificate of Insurance, and Disclosure Statement.
- Raising Money With Private Lenders - 4 Mistakes Made by Real Estate Investors and How to Avoid Them!
[Real-Estate:Investing] If you are a real estate investor and need funds to finance your real estate deals, or are looking for money to cash out of deals, there is really only ONE option in today's market conditions. That option is a private lending program where you allow private individuals who have extra money to invest in your real estate investing business. Here are 4 common mistakes made by many real estate investors and how to avoid them.
- So You Need Money For Real Estate Investments - Here is How to Use Private Lenders For Money!
[Real-Estate:Investing] If you have tried to get a traditional mortgage, or even a hard money loan, to finance your real estate investments you know how hard it is to get loans in today's post-credit bubble market. It is even harder to get "no money down" loans for your real estate investing business.
- Want to Start a Private Lending Program to Buy Invest Real Estate - But You Are Not Sure Who to Ask?
[Real-Estate:Investing] One of the most difficult issues for real estate investor who start their own private lending program is who to ask to be investors. This can be very imitating in the beginning, but like so many other things once you start it is not as bad as it may first appear. Finding private money is not nearly as difficult as people think. Here is a number of people to approach about investing you may already know in your life own community.
- Private Lending Program For Real Estate Investors - How to Start One!
[Real-Estate:Investing] If you are a real estate investor in the post-credit bubble market and need money to finance your investments there NOT many options left. Traditional mortgage lending is not available to real estate investors. And even hard money loans are few and far between as they now require large down payments and high credit scores. The one remaining option for real estate investors is borrowing money from private lenders. This article tels you how to start a private lending program.
- Residential Property Management - The Value of Time
[Real-Estate:Property-Management] When an investor begins the process of residential property management, they often under estimate the amount of time involved with managing the property. Between finding tenants, completing timely and necessary property maintenance and keeping appropriate financial records, there is a great deal of time an investor unexpectedly spends managing the property. With a professional Residential Property Management company, investors can enjoy extra free time by spending surprisingly very little on the added assistance of an experienced professional.
- Private Lending For Real Estate Investors - Are You Issuing Securities and Need to Register Them?
[Real-Estate:Investing] One the most frequent questions I get from students or newsletter subscribers relates to how can I raise money to buy real estate investments through private lending without getting in trouble with the SEC. This is not an easy question but certainly an important issue. Before I would answer this question, I always tell people that I am not an attorney and the advice I give is from my personal experiences and education and should not be considered legal advice.
- Residential Property Management - Why Local and Remotely Managed Properties Benefit
[Real-Estate:Property-Management] A residential property management company can be one of the most valuable assets to an investor. Whether the property investor resides locally to their investment or decides to manage the property remotely, a professional residential property management company has the ability to provide added value to the investor. Simply because a residential investor lives in the area does not mean all the rental laws and regulations are understood. Conversely, an investor attempting to manage remotely needs more than just the monthly rent check.
- Residential Property Management - Money Management
[Real-Estate:Property-Management] Many investors are surprised to find out how much money management is actually involved with residential property management. Once the right property in the perfect location is selected, many investors believe all they have left to do is collect the monthly rent check from their tenants and then wait for their investment to mature. What the true reality is, there are deposits, bookkeeping, income and expense reports and complete financial records necessary for year-end tax purposes. These overly time consuming but necessary functions can all be efficiently handled by a professional property manager.
- Residential Property Management - The Cost Savings
[Real-Estate:Property-Management] One of the greatest values of a residential property management company is its ability to save money for the investor. Managing the day to day activities of residential real estate can be far more time consuming for investors than they would have initially imagined. Between collecting rent, providing maintenance for the property and handling incidentals such as landscape maintenance, rental agreements and locating qualified tenants, the costs add up and consequently affect the overall savings achieved. By working with a professional residential property management firm, an investor can reap even more profitability with this low cost investment.
- Residential Property Management - Finding the Right Tenants
[Real-Estate:Property-Management] Residential property management companies have the experience, tools and resources to select some of the most qualified tenants. An investor that is focused on receiving their monthly rent check may miss a number of important qualities in tenants that will ultimately improve the value of their property investment. By choosing to implement the services of a residential property management company, an investor can optimize the value of their property investment by utilizing the expertise of professionals. Marketing for the Right Tenants
- Private Money Lending - What Documents Are Required to Close a Real Estate Deal?
[Real-Estate:Investing] In a typical private money lending transaction, you the real estate investor (borrower) will borrow from a private individual (private lender) and the transaction is documented by a Promissory Note and Mortgage. Additionally, you will need to name your private lender on your property insurance. We also recommend you included a disclosure statement.
- Residential Property Management - How to Protect Your Real Estate Investment
[Real-Estate:Property-Management] A real estate investors need to make sure their investment is being protected and managed for long term appreciation. A professional residential property management company has the skills to protect your investment.
- Residential Property Management - When Things Go Wrong is When You Find the Real Value of a Manager
[Real-Estate:Leasing-Renting] A residential property management firm can be invaluable to a property owner. This is largely because a property owner often has a vision of watching their real estate investment grow, with a solid rental fee coming in and with a big profit waiting once the property value has escalated over time.
- Residential Property Management - Why You Need a Property Manager
[Real-Estate:Leasing-Renting] Understanding the business of residential property management involves much more than investors tend to initially comprehend. The benefits can be much greater than what you may have thought in the past.
- Residential Property Management - Local Market Knowledge Can Make All the Difference
[Real-Estate:Property-Management] One of the primary benefits of residential property management is the local rental market knowledge that can be difficult for a property owner to obtain. Having an established set of resources or a network available for determining fair market rental rates can be critical to ensuring your home is appropriately priced and quickly occupied in order to maximize the real estate investment.
- Residential Property Management - Finding the Best Tenants
[Real-Estate:Property-Management] For any residential property management project, having good tenants can make the difference between a profitable financial investment and taking a major loss. Having an experienced property manager assisting with the interviewing and review process of potential tenants is critical to the success- and peace of mind- of leasing a residential property. A professional residential property management company will have the tools and resources to properly screen a tenant pool to ensure the most responsible and reliable tenants are selected.
- Private Real Estate Money - How to Finance Your Real Estate Investments in a Credit Crisis
[Real-Estate:Investing] As the stock market tumbles and a most mortgage lenders go out of business how does the average guy manage to continue to invest in real estate. We certain will not be able to get traditional mortgages from banks or lenders as they now require 800+ credit scores, personal guarantees and down payment collateral equal to or greater than 40% of the purchase price. Hard money lenders are so scared they will not lend to their own mothers - that is, the few that are still in business. So what do real estate investor do now! Private real estate money is the answer!
- Private Lending - How to Do Group Presentations to Raise Private Money
[Real-Estate:Investing] A private lending group presentation involves getting 5 to 20 people into a room and doing a presentation where you lay out the details and benefits of your private lending program. A good presentation includes pre-planning and marketing, presentation materials and post-meeting follow up as the key to conducting a successful meeting and getting people to invest in your business.
- Real Estate Investing and Private Lending - Well, Is There Blood in the Street Yet?
[Real-Estate:Investing] The financial events of the last several weeks have most peoples head spinning. Mortgages for homeowners and real estate investors are getting very hard to get as the credit crises get worse. But these times require specialized knowledge including how to utilize private lending as a viable alternative to raise funds for deals.
- Private Lending - How One-on-One Breakfast Meetings Can Help Fund Your Real Estate Deals
[Real-Estate:Investing] One of the 4 best ways to raise private money for your real estate investment business is through one-on-one breakfast meetings with people who might want to invest in your deals. At these meetings you need to lay out your private lending program and benefits of investing with your company.
- Private Money Lenders - The 4 Top Ways to Get Money For Your Real Estate Deals
[Real-Estate:Investing] Getting private money lenders into your real estate investing business is critical to your success as the credit bubble makes getting traditional mortgages very difficult. Mortgage lenders are now requiring 700+ credit scores and documented sources of income. This can very hard for most real estate investors. Hard money lenders are also drying up as the credit bubble continues to take its toll on borrowers. So how do you get money for real estate deals?
- Private Lenders - How to Use List Brokers to Find Money For Real Estate Deals
[Real-Estate:Investing] One of my newsletter members recently asked if using a list broker was a good source of leads to attract private lenders and, if so, how is it done. The answer is yes but with several precautions.
- Private Money - Learn How Private Money Can Dramatically Improve Your Real Estate Investing Business
[Real-Estate:Investing] Private money offers many advantages to the real estate investor over traditional mortgage borrowing or hard money loans. When compared to other types of mortgage loans, private money loans provide immediate access to cash; very few restrictions, extra control and low cost for the real estate investor.
- Private Money Lender - How to Get Them and How to Keep Them Long-Term
[Real-Estate:Investing] Finding a private money lender is an essential part of any real estate investor's business. One of the keys to finding a good private money lender is determining if they have similar goals and objectives as yours. So how you determine if you and the potential private money lender have similar goals. You need to discuss your plan and ask questions similar to a job interview.
- Private Lender Note Clauses That Make You Money!
[Finance:Loans] One of the most important documents you will ever sign with a private lender is the actual Note that creates the loan obligation. The Note is where you want to control the private lending process in your favor and give you the control and flexible you may need in the future. This article lays out two critically important clauses that give you this control and flexibility.
- Private Lending 101 - Who Are Private Lenders?
[Real-Estate:Investing] Private lending is the practice of borrowing money by a real estate investor to be used to purchase rental real estate directly from private lenders rather than a bank or other commercial lender. Private lenders are looking for returns in the 9% and 15% range and secured by local rental real estate. The result is a perfect match of private lenders looking for better returns on their money and secured by real estate and real estate investors looking for cash to fund deals and the ability to pay higher returns.
- Private Lenders - The Most Important Person in Your Real Estate Investment Business?
[Real-Estate:Investing] A Private lender is the single most important person in your real estate investment business. Why? Because as traditional lending sources have tightening lending practices real estate investors are being forced to consider alternatives. Private lenders provide that alternative source of available and ready cash for real estate investment deals.
- Real Estate Money - Where to Get it in the Post-Credit Bubble Market Place?
[Real-Estate:Investing] Real estate money and access to quick cash is the key for any real estate investor. Having cash to buy properties is the life blood of your investment business. But where does this money come from in the post-credit bubble market place? There are traditional sources such as banks and hard money lenders but in the new post credit bubble the best option is private lending.
- Private Real Estate Money - The 5 Advantages of Private Money Over Hard Money Loans Or Mortgage Loan
[Real-Estate:Mortgage-Refinance] For real estate investors there are numerous benefits and advantages to private real estate money versus hard money loans or mortgage loans to fund your real estate investing business. Knowing the advantages can mean the difference between making a real estate deal work or losing a good deal to your competitors. These advantages include (1) speed and cash flow, (2) simple paperwork; (3) you control terms and conditions, (4) reduced fees and costs, and (5) flexibility.
- Learn the New Investing Secrets in the Post-Bubble Real Estate Era
[Real-Estate:Investing] A short sale is nothing more than convincing the lender to accept an amount less than the current loan payoff amount as full payment for a property. There are number of steps required to a successful short sale including preparing a full package of information such as a purchase agreement and other documents. But once you know what to do there are incredible opportunities to profit from short sales.
- Foreclosures Skyrocketing! Now is the Time to Get Into the Real Estate Game
[Real-Estate:Foreclosures] According to RealtyTrac, foreclosures have skyrocketed during the first ten months of this year by almost 94%, and if the current trend holds true it's possible that up to 2 million homeowners stand to lose their homes in the next year and a half. Does this create opportunity? Savvy real estate investors have the potential to realize unprecedented profits if they play their cards right by investing in bank owned properties commonly know as Real Estate Owned ("REO").
- Four Ways to Get Money From Your Real Estate Without Selling
[Real-Estate:Investing] If you have an existing piece of income producing real estate that you bought within the last couple years, you most likely have a significant amount of equity in that property. How do you get that money out and put it to use in a new investment or use it to pay bills without selling your property?
- Private Lending - The Do's and Don'ts of Private Lending
[Finance:Loans] I am providing some advice and guidelines on using private investors to fund your real estate deals. The Don'ts include advertising on Craig's List and the use of the word "Guarantee." The Do's include what are the best marketing methods.
- Abandoned Properties - Locating the Owners, Part II
[Real-Estate:Investing] Last month I told you about the opportunity abandoned property can represent as a new investment strategy. Knowing that these properties exist is only half the battle, especially if you don't have a clue as to how to go about locating the owner. While the owner's can sometimes be difficult to locate, if you're willing to put on a detective's hat, you can usually locate them fairly easily.
- Abandoned Properties - A New Opportunity - Part I
[Real-Estate:Investing] The collapsing real estate market is creating some exciting new opportunities in real estate for savvy investors not afraid to capitalize on a new opportunity. When real estate was hot and the market was rising, and interest rates were stable, millions of Americans opted to roll the dice on adjustable-rate mortgages. Now the market has tanked, people have payments they can't make, but for investors it's an once-in-a-lifetime opportunity.
- Private Money - Discover the New Way to Fund Your Real Estate Deals
[Real-Estate:Investing] Private money is money borrowed from private individuals as opposed to using banks or mortgage companies to fund your real estate investment deals. Most real estate investors knock on the door of banks or mortgage lenders to take out a traditional mortgage to buy investment properties. However, as the economy is turning negative and traditional lending sources are drying up, more and more investors need to seek out alternative sources of capital such as private money.
- Real Estate Investing in 2008 - Are You Crazy - Well Maybe Not!
[Real-Estate:Investing] The latest data from the real estate industry shows a marketplace in steady decline and no bottom in sight. Residential home sales are in free fall mode with an expected 25% decline in the total number of home sales in 2007 versus 2006. But like all financial bubbles there are many losers but a few big winners. Despite this now is the time to consider real estate investing. The housing market has undoubtedly changed, but I still think real estate is one of the best long-term investments you can make.
- Learn the 10 Secrets to Make an Ordinary Business Card Into a Extraordinary Marketing Machine
[Business:Marketing] The purpose of any business cards is to get potential sellers to call you or take action to enter into your sales funnel. It is not to impress your friends and family, show off your creative art work or display an impressive title you gave yourself. It is to get potential sellers to contact you. This article provides 10 important tips every business card must include to achieve this goal.
- Private Lending - A New Way to Fund Your Real Estate Deals
[Real-Estate:Investing] If you are a real estate investor in search of capital and you are frustrated with banks and hard money lenders you may find borrowing from people through private lending a much better option. This type of lending really attracts many real estate investors as the advantages of private lending over banks and hard money lending includes faster turnaround and no personal credit checks.
- Private Lending - What is it and How Can it Boost Your Real Estate Investing Business
[Real-Estate:Investing] The definition of a private lender is an individual that you can negotiate directly with on a personal basis to borrow money for real estate investments. The money can be used to purchase rental real estate investments or to supplement funds borrowed from a bank to cover down payments.
- How To Quickly And Easily Find A Renter For Your Investment Property
[Real-Estate:Investing] Once you walk away from the closing table and the initial jubilation of knowing that you're a bona fide real estate investor wears off, the reality begins to sink in. A major part of owning real estate is managing it. How prepared are you for the rigors of actively managing your real estate portfolio?
- How to Avoid Being Sued When You Own Rental Real Estate
[Real-Estate:Property-Management] The decision on whether to manage your own rental property or to outsource it to a professional residential property management company is a personal decision that only you can make. Two important aspects of owning and managing property are knowing how to properly screen tenants and developing adequate knowledge of property law. Let's look at both of these very important issues.
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