Private Lending by Ron Legrand
Description
Getting the money to do a real estate transaction, going to a bank, filling out an application, putting down a down payment or waiting to be approved and there is no going smart investor who wants to have a bank near you?
You can get all the money you need from the people, not the banks…
Faster and easier,
There is no limit to how much you can borrow
When I started in 1982, I had no credit. Well, actually I did,it was bad. But I found a mortgage broker who lent me money based on the equity of the property, not my credit. His name was Al, he would lend me 60% of its value.
Therefore, my credit was irrelevant. His only interest was collateral, not my credit. True, interest was high, but it was easy to get money. No sign up. Without the approval of the commission. Long wait. With the loan closed two days after I got the appraisal…
I always borrowed more than I needed to buy a house and fix
If a home was worth$70,000 after repairs, I knew I could borrow$42,000(60%), so all I had to do was get a loan.
In addition to the interest of 18%, I was paying Alten points, that is 10% of each loan as a broker fee. After I did a few loans, I learned it wasn’t Al money I was borrowing.
Wholesale-repair-rent
My broker was Lending Other People Money
The bank was not sanctioned. It was money from Al’s friends, relatives and workmates. Just plain ole people who wanted to get a high rate of return on their money.
And you gotta admit, 18% certainly qualified. But that’s not all. Every time I paid one of those loans, I had to pay the extra interest of the lender six months. This is called a prepayment penalty.
What an ugly price to pay for the money, right? I certainly thought so, and that’s why I only borrowed from Al 76 times before I quit.
Important is not the cost of money, it did not take long to understand that it is available. If you don’t have Al’s money, you don’t have to pay for your housing to get it dirty.
With Al money, I can buy fast and get them fixed quickly and sold. If you have to pay ole Al18%10 points…
Wholesale-each transaction
He got his profits and broker fees, the lender got a high return and I got easy money. A few years later I started asking for money from people I knew and discovered that it was easy to get it.
We had to get rid of it very quickly, and we had to get rid of it from the beginning.
I started paying 15% interest, a three-month prepayment penalty, and Al was not the middle man, so I eliminated 10% middleman. Then, a few years later, I got a mortgage broker license and started Lending Other People’s money to a friend of my real estate investor.
Of course, I was paid a fee.
I was now collecting the same 10% that I used to pay Al
But it does not indicate that the mortgage is too risky. It’s all about finding all the money you need for your deal, so you can make the biggest foreclosures in our lifetime.
It is also about eliminating al. Make your own rules.
For reference, today I owe money from ordinary people just as I did back then, but the interest rate does not add up to 7% points.
I do not make monthly payments. I don’t have a mortgage payment to make because interest accrues. Choice of a lease agreement or while waiting for a buyer for your home after you have installed the tenant and started collecting the rent with no payment it will be your cash flow.
Do you want to do the same?
I teach them to know how to loan them to students who want to learn. So I held a 2-day boot camp …
Private loan boot camp. I recorded boot camp and now my private loan Home Study Course is available for you
You can find the purpose of helping a private financial institution to find the necessary funds for yourself.
Here’s a short list of what you learn…
How to find only the best prospects and pre-screen them in one sentence. This does not mean driving advertising or other waste.
In order to confirm whether or not each step is taken, paperworks will examine the association that does not do the right thing.
The rules of how to set up and decide to pay only to the lender as beg is a good idea.
How to set up an insurance policy to pay off your loan if you have the mold and characteristics free of charge and clear what you are looking for.
How to borrow money with monthly payments to boost your cash flow.
How to get all the money you need money for a down payment, or even if the loan-to-value ratio is high, you have to pay to back the payment.
How to create an army of lenders who want to be your partners in big deals when they come together.
Private placement mentoring is a great option because you can create funds to buy cheap foreclosures in big blocks or make loans to those who do.
Hi, if you are going to make friends,you can make friends with someone who is not broke as well.
Have you taught yourself as a lender?
Well, now you can. As with banks, your money is financed and paid well. Private loan boot camp home study recording, learn…
How to get a borrower who calls every day with no advertising costs.
Get a checklist with each step and then close the borrowed money and protect it.
How to reduce the default and create a bundle if it occurs.
How to get your borrower to do all the work and pay all the costs,if you do not have a dime at the expense of closing the loan.
How do you lend money to your IRA, protect your privacy,and make it all tax-free legally.
How to get an annual revenue rate of 30% or more safely and consistently consistent.
Please note that the language will be included.
I also share with you all the mistakes I have made in the last 24 years as a mortgage broker and will save you a lot of grief. Man, these seminars at Hard-Knock schools are expensive.
IRAs and pension plans are great sources of funds, and if you know how to tap into them, ask who. In fact, there’s not much I’d want to know about finding and brokering private money that I don’t cover on this course.
You ask for money, answer the objection, participate in closing the deal.
The recording comes with a complete system manual. It is a masterpiece that has been in the making for two years. Hands also find the necessary funds, the most private
Recording these bootcamps is a must if buying and selling a house, raising money is an important ingredient, especially when buying a junkies.
You should be able to use semi-automatic versions that run through your life without having to taste the meal. But why?
The retail cost of these recordings is$1,997, but I’m only giving it away for$997! That’s a $ 1,000 discount. Rates are minimal, but the long-term effects of this boot camp will provide you for life.
To your$uccess,
Ron Legrand
Millionaire maker
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Course Features
- Lectures 0
- Quizzes 0
- Duration Lifetime access
- Skill level All levels
- Language English
- Students 130
- Assessments Yes
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