These non-conforming commercial loan opportunities are more plentiful than ever and you can have the potential to earn huge fee income if you follow the training and techniques in our commercial mortgage loan officer training eBook manual. Now is the time to add the most unique and profitable commercial loan officer training program available today. Successful mortgage professionals, mortgage broker and mortgage bankers everywhere always have borrowers that need commercial mortgage loan financing when conventional funding is not an option for commercial real estate opportunities. This is especially true given the current subprime mortgage conditions. One of the key reasons your clients will like your Commercial Hard Money mortgage lending program is speed of delivery.
April 7, at pm. And here is Zach's Story August 14, at pm. Well, one day it all came to a screeching halt. Most private lenders such as myself loan based on what is called the Trainibg formula which looks like this:. Belcher says:. Narine says:. Private money lending is all about relationships.
Milf hunter danielle. Do You Want To Be A Private Lender?
Is this a service that you offer? Thank you for sharing with future investors what a hard money loan is. Kendall Ryder says:. Hard money lenders also have the flexibility to offer short-term or long-term financing. Share on LinkedIn Share. Would love to make this work. Related articles. Our Way Of Giving Back:. Estimated value of Hard money training property will be 4M. If you are interesting in starting a money lending business, and like the idea of a six-figure potential Bikini oops on mooney terms, while also helping other business owners and investors, check out CCTG today!
Private money lenders are generally considered more relationship-based and focused on the property than banks or institutional lenders.
- Major lending institutions, such as banks, are great for standard loans.
- Become certified as a broker for thousands of Private Money Lenders throughout the country.
- Creative Financing , Guest Posts.
- You need to get double digit returns to get any velocity on your money, and I can show you how to do that — without significant risk, and without fixing houses or dealing with tenants and toilets.
- These non-conforming commercial loan opportunities are more plentiful than ever and you can have the potential to earn huge fee income if you follow the training and techniques in our commercial mortgage loan officer training eBook manual.
Have you been watching the roller coaster ride in the stock market over the past weeks? Are you looking for a safer more stable and predictable return for your savings? I will let you in on a little known secret.
Banks will not lend money on damaged properties. Damaged properties cannot get insurance. Banks lend based on a set criteria. Naturally there are many other types of loans but they are all based on a percentage of the contract price. Let me say that again. They loan based on a percentage of the contract price.
NOT based on the value of the property. If the contract price is too high then the property will not appraise and the bank will not lend. But what happens if the price is too low? If the property appraises meaning the appraisal is at or higher than the contract price then the bank issues a loan. Look at all the bank owned properties and short sales on the market. These are all cash only deals meaning you cannot get a mortgage to buy them. You have to pay all cash. Well if you have the cash then it is easy you pay cash and purchase the house.
A private lender is basically an individual like me that loans their own money on a property in exchange for receiving a mortgage and a note on the property.
They basically act as the bank and the mortgage is exactly the same as if you borrowed from Bank America, Wells Fargo or any other bank. The only difference is the interest rate is much higher. Most private lenders such as myself loan based on what is called the ARV formula which looks like this:. I would give you a note and mortgage to sign just like the bank does. If for any reason you cannot or do not make timely payments then I would pursue a foreclosure lawsuit against you just like the banks do.
If you pay on time and fix and sell the property you can make a very healthy profit. Annualized that is a percent return. But why would I as a private lender loan it? And I have collateral the property since I have the mortgage and note on the property. And then I could fix it and I could sell it and make the profit. I quit the stock business in March of 2, when the Nasdaq Stock Market was at 5, Today 15 years later the Nasdaq Stock Market is at less than 5, That means there has been ZERO return over 15 years.
And like most investors you would have gotten scared and sold after you had lost a significant sum of money. Why on earth would anyone pick the unpredictability of the stock market over that? Have you ever wondered why Wall Street Companies have big high rises in Manhattan? Because they fleece the little guy. They want you to buy and sell as much as possible so they can make more money.
And if you want to sit then they want to charge you fees. And yes they still charge you fees even when they lose your money. So I ask you a very simple question. If you have savings, why on earth are you not a private lender? I can tell you for a fact that you will not get that kind of return from stocks, bonds and mutual funds consistently. They all went bankrupt. And investors in their stocks and bonds lost everything. Private Money Lending really is a secret.
But when it comes to my money — I feel way more comfortable putting it in private lending than the stock or bond market. Did you know that you can lend with your IRA or k too? Show me a financial advisor that can beat that. But first a brief background on why this niche exists.
The answer is an emphatic no. Do you see how ridiculous that is? So how does this apply to you as an investor? So you can see why people would want to borrow private money. So what are my risks? Book A Call. What is your annual income goal per year from real estate? What are your biggest obstacles to achieving this goal? There is very limited space in our coaching program and we want to make sure that it is a good fit for you. Why do you think you would be a good fit for our program?
There is a substantial investment in our coaching program. Are you willing to make this kind of financial investment in yourself and do you have the financial ability to make this investment?
The initial investment in our coaching program is substantial. How did you hear about our real estate training program?
The terms are usually around 12 months, but the loan term can be extended to longer terms of years. For more information on our loan programs or to inquire about a loan please contact Don Hensel. The ideal scenario for a lender would be the borrower quickly developing the land and then selling it in order to payback the loan. November 7, at pm. We are trying to purchase an REO single family home with the intent of living in it. Hi Breanna, thanks for checking out the article! And if these are about right for the amount and time frame?
Hard money training. What is a Hard Money Loan?
PRIVATE FUNDING ACADEMY
You need to get double digit returns to get any velocity on your money, and I can show you how to do that — without significant risk, and without fixing houses or dealing with tenants and toilets. Do I have to sue him? Foreclose him? Will I lose money? Is this complicated and will cost me thousands in lawyer fees?
How to market to build up a list of regular, good borrowing customers. How to make sure the deal you are lending on makes sense. Choosing the types of properties to lend and not lend against. How to verify the exact value of the collateral. A checklist of items you need to verify before lending a DIME! All the paperwork you need to cover yourself and limit your risk. Analyze a deal in 7 minutes. Commercial lending rules and regulations you have to comply with.
Cross-collateralization and other neat tricks. And, in that scenario, they had to find the borrower, qualify the borrower and the deal, and do all the due diligence. In other words, they already have experience in the business. I will also include several bonuses, worth TWICE the course price, that will ensure that you have massive success at the hard money lending business. Audio Recording of the Event.
You will receive professionally recorded audio files that you can download, burn to CD or listen on your iPod, iPad, or smartphone. Powerpoint Slides.
Course Manual. This page course manual will supplement all the information in the video and audio lessons. Nothing is shipped to you. Best of success, William Bronchick, Esq.