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Alan Cowgill
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Why Private Money?
This topic is near and dear to my heart. When I started my RE career, I heard about the necessity of finding private lenders. In fact I even found two. But then I stopped. For four years I PROCRASTINATED. I didn’t get it!!! For four years I continued to go to banks and jump through …
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Why Luncheons?
I got the opportunity to leave my J-O-B in 2001, and devote all my time taking my real estate business to the next level. At that time I had (2) private lenders. These lenders were delighted with the monthly checks they received from me and I loved the quick cash it provided me to buy …
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Using Private Money Loans For Different Investments
A number of my students have asked me how they can borrow money from private lenders to get into some non-traditional types of investing. These types of investments include buying consumer credit card debt, car loans, distressed loans made by FDIC-insured banks that have gone out of business or gotten into financial difficulties, and various …
Using Private Money Loans For Different Investments Read More »
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Two Major Benefits of Having Private Lenders
I started my business by using banks, savings, credit cards, lines of credit, creative techniques with sellers (like land contracts or lease/options), and partners. But, once I was self-employed, I was concerned that it was going to be harder to get loans to purchase properties. I had always been unhappy about how long the banks …
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Short Sale Offer Letter To Bank Form
Short Sales and Foreclosure real estate investing deals require investors to work with homeowners, direclty Banks, REO agents or special foreclosure listing agents/brokers. Most real estate investors dealing with short sales find themselves at the end of a long paper work and negotiation process with institutional lenders. Investor John Smith finds a deal in good …
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Private Lending – The Disclosure Statement
When I was getting my real estate education and started to learn about using private lenders, ALL of my instructors left out a HUGE piece of the equation. It was the part about being in compliance with the SEC and their regulations. I realized recently that there is a basic item that you need when …
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Pooling Private Money
When you pool money from private lenders, you’re putting funds together from two or more different private lenders. You obviously need to look at doing something different where your state’s paperwork is concerned. This means you will need to file paperwork with your state and provide a disclosure document to your potential private lenders. In …
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Landlord- What To Do In Case of Fire?
Late last year, one of my rentals caught on fire and was totaled. I want to share with you the process of what to do as an investor if this ever happens to you. After calling the insurance company, I got a check for 100% of the of the value on the insurance policy. My …
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How I Manage Properties And My Private Lenders
I want you to create a mental picture of my office. Imagine two conveyer belts coming through. On one conveyer belt is houses and on the other conveyer belt are my private lenders. As the private lending conveyer belt comes through the office, my staff and I are matching the private lenders to certain properties. …
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How I Build Credibility With My Presentation
One of best ways to find money for funding your deals is to seek out and use Private Money Partners. My system of approaching potential partners and funders involves inviting them to a luncheon. There are several different ways I built credibility with my luncheon presentation over the years. Image First of all, like it …
