What Private Lender’s Want
Wouldn’t it be great to have individuals you could call at a moment’s notice and borrow $100,000 or more! Many successful investors are enjoying this situation. What’s their secret? Basically, it’s simple–just give these people what they want.
So, put yourself in their shoes, and think about how they would respond to you. Here’s a key pointer to keep in mind: WIIFM - no, it’s not a radio station. It’s an acronym that stands for:
“What’s In It For Me?”
So, when you talk to these people, before you describe your deal or how great you are, tell them what they’re going to get. “Hey, John, how would you like to get a 10% rate of return on your money, no matter what happens in the stock market…”
Now, you got their attention!
By the way, if you want to know how to fund every deal you do, I’ve created the absolute best and most comprehensive funding manual you will ever see called “Show Me the Money“. It contains step by step instructions on how to get money from private lenders, high net worth individuals, lines of credit, financial institutions, buyers, sellers, notes, and much, much more. And, it’s a ridiculously low investment (for now!). Click here and Get in NOW.
Richard Odessey has been investing in Real Estate since 1999 and have bought, managed and sold over $5MM in assets over that time period. He has created a national network of RE investors that are a source of continual on-the-ground intelligence. Richard has also developed unique and proprietary tools to zero in on only high profit-low risk transactions.
Love the idea of your program! It is what I have been looking for to help many of my students and prospective Investors. Thanks for doing it!
P.S.
Would love to offer this on our site!
D.B.W. Investment Properties
1437 East Seventh Street
Charlotte, North Carolina 28204
dbwinvestment_properties@yahoo.com
Phone: (704) 377-3054
July 13, 2008
Dear Sirs:
I have several properties lined up that consist of multi-units apartment buildings, condos and townhouses (blocks of 10 or more). These are motivated sellers with personal distress problems who have been trying for months to years to sell their properties using real estate agents with no success. I have made contact with over a dozen real estate agents who have shown me these properties where the owners are willing to sell. If I can come up with cash and close quickly. What I need is a Mezzanine Hard Money Loan that can provide me with 60 to 75 percent financing. I will need preferably a 70 percent loan to value ratio. The sellers are willing to cover all the closing costs. The equity in the property will be used as the down payment. These properties’ occupant rates are all 95 to 100 percent and can provide a positive cash flow to repay the loan. I am interested in either an amortization or interest only loan for 12 months. I am also willing to pay points and 10 to 15 percent interest with a no pre-payment penalty.
All I am seeking is a win-win-win-win-win situation where the motivated seller finds a buyer, the real estate agents make a commission, you the mortgage broker acquires a finder’s fee, the mezzanine hard money lender makes a profit and of course I get to makes a few bucks on the deal.
If you can find me this money, I promise you that I will be sending you these deals faster than you can handle them. Remember all of these properties are 95 to 100 percent occupant and I will be able to prove that there is enough cash flow generated from the property to cover the monthly mortgage payments.
Thank you your consideration.
Sincerely,
Dugal Berchell Watkins
P.S. I am looking for a no money down hard money loan. I will be using 30 to 40 percent of the owner’s equity.