Pooling Money
Article by Alan Cowgill 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 Ohio, for...
Read MoreSEC Questions Answered – Part 1
Article by Alan Cowgill Every now and then, I have students ask me if my home study system is compatible with SEC regulations… Yes, it is compatible. I realized, for the benefit of my students, I needed to address these folks concerns. While speaking all over the nation, meeting thousands of real estate investors the past couple of years and getting ask these same SEC questions, I realized...
Read MoreKnow The Downsides Of Your Real Estate Funding
Article by Alan Cowgill If you go to a bank, chances are they will want tons of paperwork, pay stubs, tax returns, etc. It’s a lot of hassle. Eats up time. Whereas, when you can move fast with all cash from private lenders, sellers will sell you their homes at a discount. Let’s review 4 sources for your real estate funds. Look at the downsides: Banks Quit your J.O.B. and they...
Read MoreWhy Private Money
Article by Alan Cowgill 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 their hoops. I also had used hard money lenders, but found them VERY expensive. It...
Read MoreTwo Major Benefits of Having Private Lenders
Article by Alan Cowgill 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 take to get the job done. I had it take...
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