This is where your fellow members share in their own words
how to make huge profits in the real estate business.
Take a moment to discover...
* 33 Ways to Find Motivated Sellers
* How to Sell Your House by Lease Option
* Finding Investors and Hard Money Lenders
* Great Ideas for Finding Pre-Foreclosures and REOs
* Finding Agents Who Will Work with You
* Financing 110% of the Purchase Price
Tuesday, June 18, 2013
Tuesday, June 11, 2013
Successfully invest in real estate using private money lender
There are many ways to successfully invest in real estate. One that is
currently taking on a new life is private money investing. The banks
sitting on the side lines, creates an opportunity for investors to make a
decent return making private money loans.
Hard money is one of the most popular ways of going about this. Of course, every private contract is written for the mutual benefit of both the investor and the lender but there are general rules that drive the hard money market. One is that these are generally short term loans averaging between six months and two years.
Another common denominator is that hard money lenders mostly don't care about the credit rating of the borrower. Lenders are more interested in the value of the property securing the loan. In today's market, most lenders won't lend more than 70 percent of the appraised value of the property. That creates a 30 percent buffer to secure the loan.
As a private money lender, you can expect to earn at least four to six percent above the prime interest rate. One thing that hard money borrowers expect is a fast closing. Because there is no credit check, closing typically occurs in six to ten days after the appraisal is completed.
If you are interested in real estate investing as a hard money lender, you might want to consider your retirement account as a source of funds to make loans. You can do this by setting up a self direct 401K or IRA account. It can be funded from an existing retirement account. A self directed IRA can make hard money loans with the earnings going back into your retirement account tax deferred until you begin making withdrawals.
Of course, retirement accounts are not the only source of funds for hard money loans. Any source of funds can be used. If you are interested in becoming a hard money lender, I'd like to hear from you. We can explore the types of markets you are interested in getting into.
All the Best,
Peter Vekselman
Hard money is one of the most popular ways of going about this. Of course, every private contract is written for the mutual benefit of both the investor and the lender but there are general rules that drive the hard money market. One is that these are generally short term loans averaging between six months and two years.
Another common denominator is that hard money lenders mostly don't care about the credit rating of the borrower. Lenders are more interested in the value of the property securing the loan. In today's market, most lenders won't lend more than 70 percent of the appraised value of the property. That creates a 30 percent buffer to secure the loan.
As a private money lender, you can expect to earn at least four to six percent above the prime interest rate. One thing that hard money borrowers expect is a fast closing. Because there is no credit check, closing typically occurs in six to ten days after the appraisal is completed.
If you are interested in real estate investing as a hard money lender, you might want to consider your retirement account as a source of funds to make loans. You can do this by setting up a self direct 401K or IRA account. It can be funded from an existing retirement account. A self directed IRA can make hard money loans with the earnings going back into your retirement account tax deferred until you begin making withdrawals.
Of course, retirement accounts are not the only source of funds for hard money loans. Any source of funds can be used. If you are interested in becoming a hard money lender, I'd like to hear from you. We can explore the types of markets you are interested in getting into.
All the Best,
Peter Vekselman
Sunday, April 15, 2012
Investing in multi-family properties
If you missed last Thursday's webinar, go watch the
"Replay" on-demand. You'll see why.
My guest, Chad Doty, showed us how he creates monthly
cash flow AND permanent, long-term wealth with multi-
family houses.
"How to Achieve Permanent Wealth with
Apartments & Multi-Family Investments"
http://www.creonline.com/webinars/MPP/webinar.html
Investing in multi-family properties gives you that
amazing combination of generating cash flow now AND
building equity for long-term wealth.
It's THE way to create *permanent* wealth for you and
your family.
Go watch the webinar "Replay" here:
http://www.creonline.com/webinars/MPP/webinar.html
You'll get immediate access to the exact professional
Market Evaluation Model my guest used to acquire over
$100 Million in commercial real estate and access to
all of his "market data" sources.
Plus,
FREE: "Best Practices Guide"
FREE: "Market Analysis" worksheets
FREE: "2012-2013 Commercial Real Estate Forecast"
by THE expert, Ray Alcorn (Thanks, Ray.)
So go take advantage of his amazing generous offer now.
The "Replay" and this opportunity end at midnight on
Tuesday, April 17th.
"Replay" on-demand. You'll see why.
My guest, Chad Doty, showed us how he creates monthly
cash flow AND permanent, long-term wealth with multi-
family houses.
"How to Achieve Permanent Wealth with
Apartments & Multi-Family Investments"
http://www.creonline.com/webinars/MPP/webinar.html
Investing in multi-family properties gives you that
amazing combination of generating cash flow now AND
building equity for long-term wealth.
It's THE way to create *permanent* wealth for you and
your family.
Go watch the webinar "Replay" here:
http://www.creonline.com/webinars/MPP/webinar.html
You'll get immediate access to the exact professional
Market Evaluation Model my guest used to acquire over
$100 Million in commercial real estate and access to
all of his "market data" sources.
Plus,
FREE: "Best Practices Guide"
FREE: "Market Analysis" worksheets
FREE: "2012-2013 Commercial Real Estate Forecast"
by THE expert, Ray Alcorn (Thanks, Ray.)
So go take advantage of his amazing generous offer now.
The "Replay" and this opportunity end at midnight on
Tuesday, April 17th.
Saturday, November 13, 2010
Lost a lot of time, and money.
I just got done looking at an old file of a property I purchased
some years ago that turned out to be a nightmare!!
Yep, it was. At the time I was pretty full of myself and ignored
the things that are very important in determining whether to
purchase a property or not.
Result?
Lost a lot of time, and money.
I got complacent. I got lazy. I took shortcuts.
I have since sold that property (for a nice loss I might add) but I
still keep that file around because it reminds me that you cannot
get complacent, lazy or take shortcuts.
By the way, this is MORE likely to happen to you when you have been
or found some success vs. when you are working on say your first or
second project.
Many of you work solely with me in your apartment or commercial
property investments so these are things that will not effect you as
much as those that 'do it themselves'. But in any case you want to
make sure you don't get complacent, lazy or take any shortcuts. By
the way it IS easy to do with all of the other responsibilities you
have going on in your life BUT this is an area where you put on the
brakes and really work. Even if you are a passive investor it is
smart to take the time to REALLY read the financial statements, ask
questions, do research on the properties even inspect them etc.
Whether you are ACTIVE OR PASSIVE a couple of suggestions for you:
Real Estate Goals Achieved. Wish I would have done this habitually
years ago.
some years ago that turned out to be a nightmare!!
Yep, it was. At the time I was pretty full of myself and ignored
the things that are very important in determining whether to
purchase a property or not.
Result?
Lost a lot of time, and money.
I got complacent. I got lazy. I took shortcuts.
I have since sold that property (for a nice loss I might add) but I
still keep that file around because it reminds me that you cannot
get complacent, lazy or take shortcuts.
By the way, this is MORE likely to happen to you when you have been
or found some success vs. when you are working on say your first or
second project.
Many of you work solely with me in your apartment or commercial
property investments so these are things that will not effect you as
much as those that 'do it themselves'. But in any case you want to
make sure you don't get complacent, lazy or take any shortcuts. By
the way it IS easy to do with all of the other responsibilities you
have going on in your life BUT this is an area where you put on the
brakes and really work. Even if you are a passive investor it is
smart to take the time to REALLY read the financial statements, ask
questions, do research on the properties even inspect them etc.
Whether you are ACTIVE OR PASSIVE a couple of suggestions for you:
Real Estate Goals Achieved. Wish I would have done this habitually
years ago.
Friday, May 28, 2010
That magical leap is:
There is a saying and it is true by the way from
a guy by the name of Earl Nightingale.
Many of you are probably familiar with Earl – he
was once the KING of self improvement. Some
of his biggies were "The Strangest Secret" and
"Lead the Field" – both classics and fantastic
listening....
One thing that Earl did say that I found to be
true is that the harder and longer you work on
something the closer you get to making that
"magical leap" That magical leap is:
YOU WILL MAKE MORE PROCESS IN A MATTER OF
JUST A FEW MONTHS WITH YOUR WEALTH THAN
YOU DID THE LAST FIVE YEARS...
I am paraphrasing of course but you get the point –
and – he is right.
Really – you are closer than you think...
I have had periods in my real estate career where
I was making very slow progress and in some
cases even going backwards. Then, all of a
sudden EVERYTHING was fitting into place and
I started not just making progress but making
LEAPS! In very short periods of time!
Unfortunately this does not last but it does come
along, without warning, to really blast you off.
Prerequisites for this to happen.
1. Desire – Real Desire
2. Work hard and smart. Its not just about working hard
and hours put in.
3. Tough skin and resiliency.
Sometimes it may feel like it just isn’t happening
but I can tell you that you are closer than you think –
the rewards whether health, wealth, great life, etc. goes
to those that hit these three things hard all the time.
Many of my private partners were very close and even
thought of giving up but did not. www.88daystogo.com
Many of my current and past investors and partners
were in the same boat. www.commercial-investments.com/top20
So think about how badly you want to get your wealth into
that next level and start working on it and CONTINUE to
work on it...The leap will happen only to those that do..
PS. One thing I am going to be announcing to everyone is
using THE TOOL to help you get there. Now, this TOOL will
not be a miracle but it will REALLY fast forward your progress.
I am working on it overtime NOW and hope to have it ready for you in
the next week or so. Keep a look out OK??? dg
a guy by the name of Earl Nightingale.
Many of you are probably familiar with Earl – he
was once the KING of self improvement. Some
of his biggies were "The Strangest Secret" and
"Lead the Field" – both classics and fantastic
listening....
One thing that Earl did say that I found to be
true is that the harder and longer you work on
something the closer you get to making that
"magical leap" That magical leap is:
YOU WILL MAKE MORE PROCESS IN A MATTER OF
JUST A FEW MONTHS WITH YOUR WEALTH THAN
YOU DID THE LAST FIVE YEARS...
I am paraphrasing of course but you get the point –
and – he is right.
Really – you are closer than you think...
I have had periods in my real estate career where
I was making very slow progress and in some
cases even going backwards. Then, all of a
sudden EVERYTHING was fitting into place and
I started not just making progress but making
LEAPS! In very short periods of time!
Unfortunately this does not last but it does come
along, without warning, to really blast you off.
Prerequisites for this to happen.
1. Desire – Real Desire
2. Work hard and smart. Its not just about working hard
and hours put in.
3. Tough skin and resiliency.
Sometimes it may feel like it just isn’t happening
but I can tell you that you are closer than you think –
the rewards whether health, wealth, great life, etc. goes
to those that hit these three things hard all the time.
Many of my private partners were very close and even
thought of giving up but did not. www.88daystogo.com
Many of my current and past investors and partners
were in the same boat. www.commercial-investments.com/top20
So think about how badly you want to get your wealth into
that next level and start working on it and CONTINUE to
work on it...The leap will happen only to those that do..
PS. One thing I am going to be announcing to everyone is
using THE TOOL to help you get there. Now, this TOOL will
not be a miracle but it will REALLY fast forward your progress.
I am working on it overtime NOW and hope to have it ready for you in
the next week or so. Keep a look out OK??? dg
Thursday, May 27, 2010
This entire week I am offering ONLY THOSE INTERESTED
a huge price cut in all of the resources....Why?
I want you to get going as fast as possible.
I don’t want any time lag from one resource to
another. All of them under one roof akin to a library.
It tells me your serious and want results much faster
and are willing to work on them.
So, do yourself a favor IF YOU ARE SERIOUS...
Go to http://www.myplatinumclub.com/products/item72.cfm
and see how easy it is to get all of my resources in your
office in about 15 minutes. There are also detailed
descriptions of all of the resources on the site!
a huge price cut in all of the resources....Why?
I want you to get going as fast as possible.
I don’t want any time lag from one resource to
another. All of them under one roof akin to a library.
It tells me your serious and want results much faster
and are willing to work on them.
So, do yourself a favor IF YOU ARE SERIOUS...
Go to http://www.myplatinumclub.com/products/item72.cfm
and see how easy it is to get all of my resources in your
office in about 15 minutes. There are also detailed
descriptions of all of the resources on the site!
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