PRIVATE LENDING MADE EASY NEWSLETTER - Issue #30
August 17th, 2006 by Alan Cowgill
Alan Cowgill’s
PRIVATE LENDING MADE EASY NEWSLETTER
Issue #30
http://www.PrivateLendingMadeEasy.com
In This Issue:
1. What’s happening!
2. Three Groups of Real Estate Investors
3. Important Tip
4. Links
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1. What’s happening!
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Huge volume of new products are being created for my you.
Here is a list of just a few…
1) The upgrade on ‘The Wealth Management System’. Actually it
was more like a total rewrite. I removed the 1st four
chapters and replaced the whole 3-ring manual with virtually
all new stuff. Removed 3 audios, 1 forms CD-Rom and a added
a ton of new forms and 5 new audios. It is dynamite. If you
own the old version, you can upgrade for the next 72 hours for
$99 by calling the office at 937-390-0816. If you don’t own the
original version and want to order it so you can manage your
private lender money with ease go to…
Wealth Management System
2) New frequently asked questions and the answers in a spiral
text book with 3 audios. I call it my ‘Learning Library’.
Just jam packed with answers on dealing with private lenders.
3) New ‘How I run my office’ home study system. 12 audios and
a couple of forms CD and 3 manuals. Includes how I buy, how I
sell, hiring and dealing with employees, collections and
paying bills, evictions and the all powerful Liaison position
I created to help get houses sold FAST. It’s not cheap but
it is a must for those of you that don’t want to reinvent
the wheel and run a great office and remove the normal
chaos inherent in most small businesses.
4) A new coaching program. Currently sold out. Call to
get on the waiting list.
5) How to successfully pool money home study system. Ya, I
know a lot of you would like this one:)
6) An SEC home study system. Gives you a hands on template
to walk you through filling out your disclosure statement.
And the SEC requirements IN DETAIL for your state is given
along with the forms you need to fill out to comply.
Powerful and there is nothing like this on the planet.
7) A monthly newsletter that is mailed to you house. It is
like getting a seminar every month for next to nothing.
Includes not only information on private lending but also on
buying and selling property, SEC highlights, pooling money
information and last but not least how I run and office.
Last and surely not least, I have four 1-day workshops
on critical SEC and pooling topics:
a) Instate lenders & property,
b) Across state lines
c) Private Placement Memorandum
d) Accredited investors and the 42 states that use them
The coolest part is you don’t need to come to all, you
just pick the day you want. So you don’t pay a big price
to go to a 4-day boot camp. You pay just for the day the
applies to your needs.
My goal is to have most of your paperwork completed at
the workshop!
1st and probably last workshops will be in November.
Well that is 8 of the nearly 20 products I’m working on.
More on the others in a future newsletter.
Getting geared up for our upcoming boot camp in October in
Baltimore. Check it out at…
Where To Get The Money Boot Camp
You fall into one of the three groups below so enjoy…
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2. Three Groups of Real Estate Investors
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When it comes to complying with the SEC regulations, I see
three groups of real estate investors…
Group #1: You don’t have any private lenders but are ready to
jump in the water and start bringing them on board.
STOP!!
Listen, this is the time you need to do the following:
1) Create your disclosure document to be handed out to lenders
2) You need to understand your states SEC compliance threshold
3) Find an SEC attorney and let him in on what you are doing.
4) Make a decision:
a) I am going to work with family, friends and associates and
stay under the state threshold so I don’t need to file.
b) I am going to advertise, pool and/or work with strangers
so I need to file with my states SEC office before I
approach my first private lender. So I have a registered
security.
c) I’m going to cross state lines and I’ll need to go for the
federal filing too.
d) I am in one of the 10 states that require me to notify the
state SEC office before I get my 1st private lender. So file
now.
5) Get your disclaimer statement completed too.
Group #2: You have a few private lenders but are under the
states threshold. You need to do all of the above plus
there is a form to look back and let the SEC office know what
you have been doing.
Group #3: You are over the threshold and have made a mess.
Hire an SEC Attorney and let them guide you through the
jungle. You won’t like it but I believe it is better to
put all your cards on the table face up and take your
spanking rather than wait and hope you don’t get in trouble.
The bottom-line…
Look, your dancing with a gorilla. Why take a chance. There
are rules on how to play the game. The SEC controls the rule
book and they are there to protect the consumer, not you.
The flat easiest way to be in compliance is to do it before
you secure your first private lender. So do yourself a favor
and start your business off on the right foot.
I find so many real estate investors are scared of the SEC.
If they would only follow the rules from day 1, it would
make life a lot easier and safer for all.
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3. Important Tip
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I have a bank of attorneys on my dream team. One for
evictions. Another for real estate closings. I have PrePaid
Legal for documents. AND I HAVE AN SEC ATTORNEY.
You should too.
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5. Links
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Just getting started with private investors? Check this…
The Basic System
Make money while you sleep, join our affiliate program…
Affiliate Program
Free Downloads…
Free Real Estate Downloads
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Please forward this newsletter in its entirety to your real
estate friends today. 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.
Our Toll free number 866-831-3540.
http://www.privatelendingmadeeasy.com/products
Colby Properties LLC
PO Box 740
Urbana, OH
43078
US
Alan Cowgill's Private Lending Made Easy offers detailed information, advice and professional-quality products related to "PRIVATE LENDING MADE EASY NEWSLETTER - Issue #30", Private Money Lending and Real Estate Investing.