Thursday, January 14, 2010

Fix A Flip is re-opening

Fix A Flip is re-opening TONIGHT at 8:30 PM ET, 5:30 PM PST. If you are serious about investing in 2010, this is THE WEBINAR thatyou need to attend. Click here now to join us: are just a few reasons to jump on... * No more worrying about "seasoning requirements," like Bank of America's 30-day holding period. * No up-front capital - the deal qualifies, not you. It's literally: no money, no credit, no problem! * No more fears about getting tied up with loans from hard money lenders that require personal guarantees. Truth is, you're going to be unstoppable when you apply this new concept to your investment strategy. And there's only 12 spots left for tonight's amazing event.So click on this link now and we'll see you at the top:

Friday, January 1, 2010

Using Hard Money Lenders

This is the first of 6 emails outlining commonmistakes or misconceptions too many investorshave about hard money loans. I'm sure you'llfind them helpful for building your business!

Mistake #1: Not Using Hard Money LendersWhen I first started my real estate investingbusiness years ago, I was not at all enthusiasticabout borrowing money from hard money lenders.Let's face it, at first blush, the rates seem prettyhigh compared to banks, and aren't people whohave less than perfect credit the only onesthat get these types of loans? Well, it took me a lot of time trying to findother sources & the painful experienceof working with banks before I came to the realization that ALL good investors come toquickly in their business:

IT'S NOT THE COST OF THE MONEY,ITS THE ACCESS TO THE MONEY THATMATTERS!Nothing new there, but it's the truth. Too manypeople spend so much time trying to find the absolutecheapest source of money to fund their deals. If youquick-turn real estate, it doesn't take you long to realizethat there is actually not a very big cost differencein using conventional funds vs. asset backed loans (iehard money loans).

Not to mention the fact that manyof the rehab deals you'll buy won't meet the criteriafor conventional lending simply due to the conditionof the property.So the question is, what do you want to spend yourtime doing, looking for funding or looking for dealsthat are going to put big fat checks in your pocket??Asset backed loans are a great way to have aconsistent source of funds to grow your businessquickly, and help you focus on your most important