Comments on: Are You Asking the Right Questions to Borrow Private Money? http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/ Mon, 08 Mar 2010 15:55:06 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: about2flip http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/comment-page-1/#comment-260 about2flip Tue, 29 Dec 2009 00:22:45 +0000 http://www.privatemoneyblueprint.com/members/?p=443#comment-260 You guys should touch on how to start private funds, so you can raise a pool of money for all your deals. I know you had Susan Lasitter on talking about Fractionilized Notes, but it is not the same. You guys should touch on how to start private funds, so you can raise a pool of money for all your deals. I know you had Susan Lasitter on talking about Fractionilized Notes, but it is not the same.

]]> By: jan http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/comment-page-1/#comment-48 jan Mon, 15 Jun 2009 14:44:04 +0000 http://www.privatemoneyblueprint.com/members/?p=443#comment-48 I have been aquiring properties via quit claim deed from owners whom have been forclosed , and the complaintant has dropped and dismissed the case, leaving the property in limbo. By becoming the legal title holder I then can file a Quiet Title action to clear the lien (mortgage), they have 28 days to respond to this action, if the don't, a default judgement entry removes the lien. Leagal costs, Realtor commissions, Taxes and Special assesments and the fact that most of these properties have been heavily vandalized by copper and aluminum thieves. Add to that, the fact that they already have r.e.o.s in the area that "if "they sell, its for an amount that discourages them from getting any more of them. I have been cherry picking the ones that have minimal damage and will require $10,000.00 or less to clear title and make repairs for resale and/or good cash flow rentals. I am looking for private money to start on the 9 I have already aquired, and I have more in the works. I have been aquiring properties via quit claim deed from owners whom have been forclosed , and the complaintant has dropped and dismissed the case, leaving the property in limbo. By becoming the legal title holder I then can file a Quiet Title action to clear the lien (mortgage), they have 28 days to respond to this action, if the don’t, a default judgement entry removes the lien. Leagal costs, Realtor commissions, Taxes and Special assesments and the fact that most of these properties have been heavily vandalized by copper and aluminum thieves. Add to that, the fact that they already have r.e.o.s in the area that “if “they sell, its for an amount that discourages them from getting any more of them. I have been cherry picking the ones that have minimal damage and will require $10,000.00 or less to clear title and make repairs for resale and/or good cash flow rentals. I am looking for private money to start on the 9 I have already aquired, and I have more in the works.

]]> By: Pat http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/comment-page-1/#comment-41 Pat Wed, 10 Jun 2009 17:42:54 +0000 http://www.privatemoneyblueprint.com/members/?p=443#comment-41 Although private money is a valuable resource that I already have for short term fractional funding. I need investors to buy good valued property that is available to those investors willing to hold on loan return until after property sold. The fact is that a buyer is not always available for immediate resell or that financing falls through. Another good strategy is buy and hold Lease options and land contracts and rental for cash flow to service loans and create cash flow. As I see it many programs that hint at quick cash or not always dealing in the realm of reality only potential reality. The lowest risk potential is buy hold appreciate property then resell later at a profit then repeat. A good arrangement would be to the buy hold real estate with a positive cash flow. Another arrangement would be to loan money for deals with 10% IOU and or 50/50 profit split with money investor after sale. The ideal marketing method would be to market to investors that are looking for better return on there self funded IRAs and or those with cash or rollover money that can be 1031 into real estate for best protection from capital gains taxation. The use of and alternate quick financing such as seller assist fractional funding would be of great value to many investors due to the speed to get this money to do a deal may take some time to access personal investment funds to buy best deals and finance with available funds to complete deals for resell. Alternate funding is a win win situation for the investor looking for better return on cash Please refer back to this site for more information and for endless free resources visit REIclub online This site offers endless educational resources for free with no monthly fees. You can connect and network with other investors for even more resources. Happy investing and good luck in your ventures fellow investors Pat. Although private money is a valuable resource that I already have for short term fractional funding. I need investors to buy good valued property that is available to those investors willing to hold on loan return until after property sold. The fact is that a buyer is not always available for immediate resell or that financing falls through.

Another good strategy is buy and hold Lease options and land contracts and rental for cash flow to service loans and create cash flow. As I see it many programs that hint at quick cash or not always dealing in the realm of reality only potential reality. The lowest risk potential is buy hold appreciate property then resell later at a profit then repeat.

A good arrangement would be to the buy hold real estate with a positive cash flow. Another arrangement would be to loan money for deals with 10% IOU and or 50/50 profit split with money investor after sale.

The ideal marketing method would be to market to investors that are looking for better return on there self funded IRAs and or those with cash or rollover money that can be 1031 into real estate for best protection from capital gains taxation.

The use of and alternate quick financing such as seller assist fractional funding would be of great value to many investors due to the speed to get this money to do a deal may take some time to access personal investment funds to buy best deals and finance with available funds to complete deals for resell.
Alternate funding is a win win situation for the investor looking for better return on cash
Please refer back to this site for more information and for endless free resources visit REIclub online
This site offers endless educational resources for free with no monthly fees. You can connect and network with other investors for even more resources.
Happy investing and good luck in your ventures fellow investors
Pat.

]]> By: Ernest Hemple http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/comment-page-1/#comment-40 Ernest Hemple Wed, 10 Jun 2009 05:53:49 +0000 http://www.privatemoneyblueprint.com/members/?p=443#comment-40 I checked my fico score an it was in the toilet. 588. Mostly medical bills that I thought my insurance paid. . I checked my fico score an it was in the toilet. 588. Mostly medical bills that I thought my insurance paid.

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]]> By: Nick Capra http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/comment-page-1/#comment-38 Nick Capra Wed, 10 Jun 2009 05:48:34 +0000 http://www.privatemoneyblueprint.com/members/?p=443#comment-38 Hey Guys, It's Nick in Las Vegas. If you guys make it out here, make sure to look me up, we're doing big things! Anyhow about the 30 second thing, the old timers used to call it an elevator speach, or an ice breaker. This is a new millenium, how about the "short and sweet" or the "fast 411". Example. I met a doctor with a sizable IRA, after I gave him the short and sweet, he couldn't wait to get his money working on a deal. God Bless fellas, holla at your boy! Hey Guys,
It’s Nick in Las Vegas. If you guys make it out here, make sure to look me up, we’re doing big things!
Anyhow about the 30 second thing, the old timers used to call it an elevator speach, or an ice breaker.
This is a new millenium, how about the “short and sweet” or the “fast 411″.
Example. I met a doctor with a sizable IRA, after I gave him the short and sweet, he couldn’t wait to get his money working on a deal.
God Bless fellas, holla at your boy!

]]> By: Jose G. Gonzalez http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/comment-page-1/#comment-36 Jose G. Gonzalez Wed, 10 Jun 2009 02:57:39 +0000 http://www.privatemoneyblueprint.com/members/?p=443#comment-36 Thank you very much !! Please be advised that we work together for a new prroject or purpose in the future. Thank you very much !!

Please be advised that we work together for a new prroject or purpose in the future.

]]> By: Theresa Anderson Nason http://www.privatemoneyblueprint.com/members/are-you-asking-the-right-questions-to-borrow-private-money/443/comment-page-1/#comment-35 Theresa Anderson Nason Tue, 09 Jun 2009 23:30:55 +0000 http://www.privatemoneyblueprint.com/members/?p=443#comment-35 I have a buyer who is trouble qualifying to purchase a fantastic feed store/home residence 10 acre commercial property - fantastic property - great price of $1.5 million Price includes all inventory, all equipment. However, seller's W-2's show write off's to the point where buyer cannot use the business income reflected to qualify for mortgage of that size. Will lenders be interested in working with individual buyers of mine? I have a buyer who is trouble qualifying to purchase a fantastic feed store/home residence 10 acre commercial property – fantastic property – great price of $1.5 million Price includes all inventory, all equipment. However, seller’s W-2’s show write off’s to the point where buyer cannot use the business income reflected to qualify for mortgage of that size. Will lenders be interested in working with individual buyers of mine?

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