Private lending is not a good idea for everybody

At 8:04 AM this morning, the Wall Street Journal reported that banks have posted the sharpest decline in lending they've experienced since 1942. That's a 67-year record that has been broken in our current economic environment.

So you might think that the best solution is to master the art of finding and developing your own network of private lenders who can fund your deals for you...

...But you'd be wrong . Most people absolutely shouldn't even think about working with private lenders.

Since I'm hosting a free training webinar on Thursday night at 9:00 PM ET about the topic of "High End" Private Lending (and how to do it safely and legally), you may be surprised that I'm discouraging you from considering this source of funding.

After all, banks aren't lending much money. And since there's a huge number of foreclosures right now - both commercial and residential - it would seem that now is the perfect time to go out and raise your own "bank" with $5-$50 million waiting for you to deploy it as you see fit.

But it's a bad idea - for most people.

These are the characteristics you must have if you are to be successful in finding, managing and profiting from private lenders:

1. You must respect the law. Did you know there are things you can't even SAY or SUGGEST without being in violation of regulations from the SEC that govern private lender relationships? To violate these regulations is to risk fines, penalties and even jail time. (If you don't have a clear understanding of the law and the results of breaking it, get some education about the right way to be in this business - and only accept that advice from people who have been doing it successfully for MANY years - avoid the fly-by-nighters.)

2. You must be a serious investor. This means that you probably need to have some demonstrated competence as an investor. Sure, there may be private lenders who will make their money available to you without requiring that you prove that you know what you're doing - but working with a foolish private lender is just as dangerous for you as working with a foolish investor is for a good private lender. (If you don't have vast experience in real estate, consider working with smaller private lenders until you get solid experience - or for faster results, seek out a highly experienced partner who needs funding, and join forces.)

3. You must be very well organized. You'll be handling other people's money, and you have to be able to account for every single penny. This isn't an area to fool around with, as there are severe repercussions for being careless with money that isn't yours. (If you're not the most organized person in the world, there are professionals who can overcome this weakness for you.)

So the bottom line is this: Private lending is not a good idea for everybody ... but if you either already meet the above requirements, or if you can take steps to overcome any weaknesses you have, then I can say with great confidence: Having access to a vast supply of capital through private lending will be a central key (and maybe the most important single element) for you to really take advantage of the opportunities that exist in the real estate market right now...

Private Source For Business Credit

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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:https://www2.gotomeeting.com/register/844637394Here 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:

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

Acquire $200,000 in Private Money

Because I want you to make the right decision, I’m giving
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After you attend this webinar, you will have our private
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real estate entrepreneurs

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Basically anyone who's looking to create wealth and
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