When you’re down on your luck, and you think you’ve got it rough…just remember what this man was able to achieve with what he’s been given.
It’s pretty amazing what people can do when they really put their mind to it!
Welcome back to the final installment of my 3 part series on Private Lending. Let’s assume that after hearing your stellar business plan, your private lender has now agreed to come on board. Did you follow SEC regulations prior to seeking out this lender? Did you follow the guidelines outlined in articles 1 & 2 of this series? You must ensure that every single step is in compliance with SEC regulations. Any misstep could potentially cost you (and your business) dearly.
As stated, the SEC has many regulations that govern private lending. I’ve selected some of the most imperative ones and listed them below: (more…)
Welcome back to part 2 of this 3 part series on Private Lending. In my last article I discussed how easy it is to find and approach these potential private lenders. I then closed out by instructing you to gather all your information and set up a meeting for a later date to secure the deal with your lender.
So the big question now becomes, what is all this “information”? Broadly speaking, I’m talking about your Business Plan. The ability to show your potential private lender that you have a rock solid Business Plan is the key to your financial autonomy. You absolutely must devise a detailed summary of your overall goal, target market, acquisition strategy, marketing plan, and most importantly your financial proposal – in other words, what’s in it for the private lender.
Below is a Q & A formatted summary of some of the material that must be included in your business plan: (more…)
This article is the 1st of a 3 part series on Private Money Lending. I have a few rules that I follow with regard to financing my real estate purchases; I don’t use my own money and I don’t borrow money from banks. The secret to securing enough capital to fund your cash deals is simple, and you can find it living in your neighborhood, at the grocery store, or sitting next to you at a restaurant.
The answer?
