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Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders by Mike Lautensack

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Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders

Table of Contents

TABLE OF CONTENTS................................................................................................................................................ 5

WHAT IS PRIVATE LENDING.................................................................................................................................... 7

SOURCES OF FINANCING FOR REAL ESTATE INVESTING ............................................................................... 9

Mortgage Loans ...................................................................................................................................................... 9

Hard Money ...........................................................................................................................................................10

Creative Financing .................................................................................................................................................10

Revolving Credit Sources........................................................................................................................................10

Private Lenders ......................................................................................................................................................10

WHAT ARE THE ADVANTAGES OF PRIVATE LENDING OVER HARD MONEY LOANS OR BANK LOANS

........

................................................................................................................................................................................11

Advantage #1: Speed and Cash Flow ......................................................................................................................11

Advantage #2: Simple Paperwork ...........................................................................................................................12

Advantage #3: You Control Terms and Conditions ..................................................................................................12

Advantage #4: Reduced Fees and Costs ..................................................................................................................12

Advantage #5: Flexibility........................................................................................................................................13

HOW

DO YOU FIND PRIVATE LENDERS ...............................................................................................................16

Presentation Kit......................................................................................................................................................16

Elevator Speech......................................................................................................................................................17

Network with everyone you know and develop a 60 second "Elevator Speech":........................................................17

Small Local Newspaper Ads....................................................................................................................................17

Real Estate Investment Clubs ..................................................................................................................................17

Flyers and Postcards ..............................................................................................................................................18

Speeches/Presentations to Groups...........................................................................................................................18

HAT TERMS AND CONDITIONS DO YOU NEED TO OFFER PRIVATE LENDERS ......................................19

WHA

T DOCUMENTS DO YOU NEED FOR A PRIVATE LENDING PROGRAM.................................................20

Promissory Note .....................................................................................................................................................20

Prepayment Penalty Clause ....................................................................................................................................20

Mortgage................................................................................................................................................................22

Certificate of Insurance ..........................................................................................................................................22

Disclosure Statement ..............................................................................................................................................22

OW CAN I LEARN MORE AND GET STARTED WITH PRIVATE LENDING ..................................................24

Mike Lautensack Page 4 http://realestatewealthtoday.com/