October 22nd, 2008 by Alan Cowgill
http://metromode.com/blogs/bloggers/TravisMillward0088.aspx
Travis is the founder of Patriot Properties Group. He and his company are currently focusing on curing the vacant house epidemic that is plaguing Detroit’s neighborhoods by strategically purchasing vacant houses in concentrated neighborhoods and rehabilitating them.
http://www.youtube.com/PatriotProperties
http://www.PrivateLendingEtc.com
http://www.linkedin.com/in/travismillward
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August 14th, 2008 by Alan Cowgill
My burning desire to finally become a full-time real estate
investor had come to fruition when I quit my full-time job of
17 years in November of 2001. With this career change, I
immediately needed to face the nagging problem of “Where do I
find private investors to fund my real estate deals?”
Without a serious influx of cash in [...]
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August 12th, 2008 by Alan Cowgill
When you are reaching out to private lenders, whether it’s just a handful or a large group, it’s very important that you disclose the risks and benefits of the private lending opportunity you’re offering them. There are several reasons you should do this. Some are for the benefit of your private lenders, who will want [...]
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August 10th, 2008 by Alan Cowgill
The term “security” is broadly defined to mean “any certificate or instrument, or any oral, written, or electronic agreement, understanding, or opportunity, that represents title to or interest in, or is secured by any lien or charge upon the capital, assets, profits, property or credit of any person or of any public or governmental body, [...]
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August 8th, 2008 by Alan Cowgill
When you are offering private lenders the opportunity to work with you, you must be sure to disclose to them the risks and rewards of the business. You should prepare a disclosure document.
A Private Placement Memorandum is a critical disclosure document that has legal consequences. If a private lender is not given sufficient, material information [...]
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August 6th, 2008 by Alan Cowgill
It’s important to understand that each state sets its rules for advertising investment opportunities, which includes private lending. Every state has opportunities for you to advertise to bring in private lenders.
In the course materials prepared for you, you’ll see this referred to as from 1-9 private lenders or the 3(H) exemption. In states where you [...]
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August 4th, 2008 by Alan Cowgill
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 [...]
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August 2nd, 2008 by Alan Cowgill
Sometime I have to learn things the hard way.
When I held my 1st luncheon, I didn’t know what to say at the
end of my talk to get my audience to take action on my private
mortgage program.
It was an awkward moment.
There is a nano second of time that I needed to give them
some direction and I [...]
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July 31st, 2008 by Alan Cowgill
We’ve had some questions about the vinyl holder for the
cassette tape and literature so we thought we’d look at that
this month. These are also called Audiocassette Albums,
Clamshells, Audiocassette Holder, or Audio Business Cards.
This impressive, convenient marketing tool keeps your tape and literature together. Just the fact that it is so nicely
packaged gives the perception of [...]
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July 29th, 2008 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 [...]
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