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PRIVATE LENDING MADE EASY NEWSLETTER
Issue #26
http://www.privatelendingmadeeasy.com/products
In This Issue:
1. What’s Happening!
2. But What If I’m Already Pregnant?
3. Important Tip
4. Investor Success Story
5. Links
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What’s happening!
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I’ve been on a whirlwind speaking tour the last few weeks.
Places I’ve been in include, Washington DC, Dallas twice,
San Antonio, Tampa, Cocoa Beach, Orlando twice, Atlanta and
Phoenix.
I met a lot of great folks learning how to successfully
acquire private lenders. The need to find private lenders
the right way is very apparent.
New Products, features & cool stuff:
1) Free offline newsletter will be starting soon to all my
customers. So please watch for it in your mail box.
2) New home study system on how to borrow private money
from family friends and associates.
It is called.. The Basic System. To check it out, go to…
http://www.privatelendingmadeeasy.com/products/private-lending-made-easy-the-basic-system.shtml
Note:
This is different from The Advanced System (Private Lending
Made Easy) because The Advanced System borrows money from
strangers. The Advanced System includes the powerful 37
PowerPoint slides and advertising so it includes the SEC
Compliance package. Where as The Basic System is how most
folks get started by borrowing money from people they know.
Remember to stay in compliance at whatever level you’re
doing business. In 40 states, you won’t have any filing
to do if you stay under the threshold and in 10 states,
you’ll have a minimal filing. I explain it in the system.
To clear up any questions, I now have 3 home study systems:
a) The Basic System:
Borrow money from your circle of influence.
b) The Advanced System:
Borrow from strangers.
c) The Wealth Management System:
How to manage the money. This system is an important
companion system for either of the 1st. two home study systems.
3) New FAQ page to be added to the website.
4) The Wealth Management System. A tremendous upgrade to
the former Private Lending Made Easy II home study system.
This will be available in the next couple of weeks. There
will be a nominal fee for current Private Lending Made
Easy II owners to get the new system due to the huge time
and money involved in creating this system. This system
was like creating a whole new home study system. We
even decided to put a great new cover on the upgrade to
show how distinctly different it is from the original.
5) Powerful training DVD on how to put on a luncheon will
be available to all customers owning The Advanced System
at a reduced rate for a short period of time. This is a
big change because it was limited to only boot camp
attendees until now.
6) New Pooling Money home study system will be available
in the future.
7) New, higher level, SEC Compliance home study system
will be available in the future. This will have all the
SEC forms you need by your respective state.
8) New product called the ‘Learning Library’. I get a
ton of questions from students on private lenders. This
product is my way of getting these questions answered.
It is 3 audios and a manual chalked full of answers on
private lending.
9) New boot camp on pooling money.
Originally I was going to put together a 4-day event
covering all the options available on the SEC and pooling
money.
I got great feedback from my students at my Atlanta
boot camp, so I had to make some changes.
Folks don’t want to set through topics that might
not pertain to them. What my students wanted is more of a
hands on workshop on the topic that impacts them.
So I am working to create (4) 1-day events on the following:
Day 1 Private Placement Memorandum
(Pooling across state lines)
Day 2 Reg. D 504 (crossing state lines)
Day 3 In state filling & what to do if you already have PL.
Day 4 Accredited investors and the 42 states that use them.
That way someone can come to the one or two days that they
want and need and not go to any of the other days. These
will be hands on workshops with the goal to get the
paperwork filled out as much as possible for each student.
10) New home study system on how I run my real estate
business. Not available yet.
Other news…
Held my ‘Where to Get the Money’ boot camp in Atlanta, Ga. in
February. My students raised $7.4 Million in private money in
the 1st 24 hours of the boot camp. It was awesome seeing the
results. Overall, in my six boot camps, my students rose over
$74.4 million dollars in the first 24 hrs.
Just think of the pride, confidence and the wealth building
they have achieved after attending my boot camp. They not
only get great tools and techniques, they get immediate
results.
My next boot camp will be held in Las Vegas June 8-11.
We are already at 78 folks signed up and we max out at 150
due to room size. Call today and don’t miss the event.
Upcoming speaking events:
March 28 Telecom Call SEC/Pooling Money
April 1 Scott Scheel’s Commercial Boot Camp, Chicago, Ill
April 4 Telecom Call Answering your questions
April 11 Telecom Call Borrowing from people you know
May 3-4 Ted Thomas Mastermind Group, Cocoa Beach, Fl
May 4 Wendy Patten’s Troy, Michigan
(yep, I’m scheduled to be in two places at once)
Telecom call in number 507-726-3200
Pin # 55213
Free Downloads…
http://www.privatelendingmadeeasy.com/free-downloads.shtml
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2. But what if I’m already Pregnant?
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What if I’m already pregnant! What the heck does that mean?
Well, in creating the new SEC Compliance home study system,
I am including a section for Real Estate investors that
currently have private lenders and need to know how to
handle it.
So in the context of becoming in compliance with the SEC, I
kiddingly refer to this situation this way.
So, it means if you already have private lenders what steps
should you take to get in compliance with the SEC.
What do you do if you already have private lenders and
you’re over your states threshold, or you have advertised, or
you paid commissions, or you have private lenders in one state
and property in another. You now realize that it is important
to get in compliance.
You didn’t know that you needed to file paperwork with the SEC
when you started finding private lenders.
You just didn’t know the rules and you’re not alone.
Well here is how it works.
Rather than having one filing, you will have two.
One filing is to put together a package of everything you
have done in the past to find private lenders, with
attachments and to pay a fee.
The second filing is the one that you would normally file to
notify the SEC of your intent to advertise, pool money, etc.
It is a look forward.
The two filings, at least in Ohio are different forms.
You will need to attach the following to the appropriate
filing…
1) Your disclosure statement
2) Advertising you have used and advertising you plan on
using for the go forward package.
3) Promissory notes to your look back package.
Now let me give you a HUGE time saving HINT…
The disclosure statement is critical to the SEC. They will
make sure that everything that is important for the potential
lender to know about your business is included in this
document.
Therefore, you want to spend some time on the creation of
this document. You can find a template in the SEC Compliance
package.
A couple other points that I’ll include in future newsletters.
1) When you currently have private lenders, they should get a
copy of your disclosure statement, so you should see that
they get a copy.
I go so far as to have them sign for it and then keep it on
file to prove that they got a copy.
2) UCC1 needs to be filed. In many states you can do this
online.
Finally, what if you have out of state lenders and also
lenders in your state and you want to keep your exemption for
in state lenders. Well an idea is to create two entities.
One for all the property and lenders within your state, and
a separate entity for all out of state properties and/or
lenders. Might be better than having everything all rolled
into one big lump when it comes to filing. When you cross
state lines the federal SEC gets involved and you may need
to file with them. Just a thought.
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3. Important Tip
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The foundation for being successful in Real Estate is getting
a solid education.
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4. Investor Success
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Got $10,000 Within 24 Hours of Purchasing The Basic System!
‘This past Saturday I did get $10,000 from my mom. My husband
and I have spoken with a lot of people this week who are all very
interested in receiving more information. We had been planning
to try a luncheon in the next 6 to 8 weeks but we are now working
even harder to push that date to the next 3 weeks. We will meet
with two more people this week one on one.’
Theresa Ory
Dallas, Texas
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5. Links
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The Basic System (NEW)
http://www.privatelendingmadeeasy.com/products/private-lending-made-easy-the-basic-system.shtml
SEC information…
http://www.privatelendingmadeeasy.com/sec.shtml
Has disclosure statement defined
Make money while you sleep, join our affiliate program…
http://www.mcssl.com/SYS/netcart/affiliates/AffiliateSignUpForm.aspx?MerchantID=39311
Pays 20% on what others order through your website
Alan’s Secret Method to Buying 5 Houses per Month…
http://www.privatelendingmadeeasy.com/products/private-lending-made-easy-5-houses-a-month.shtml
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Please forward this newsletter in its entirety to your friends,
family and co-workers. We appreciate your help in making
Private Lending Made Easy grow!
Sincerely,
Alan Cowgill
E. Alan Cowgill is the President of Integrity Home Buyers, Inc.
He is a full-time real estate investor, investing in single
family and small multi-family properties in Springfield, Ohio.
Since 1995 Alan has bought and sold over 200 properties and
uses private lenders to fund his real estate deals.
http://www.privatelendingmadeeasy.com/products
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