Real Estate Wealth Today

To sign up for this FREE tele-seminar on: Tuesday, February 3, 2009 at 8:00 PM Eastern and audio Replay on Saturday February 7 at 12 noon Eastern simple click here ===> http://www.realestatewealthtoday.com/PLS-Vol2-Signup.html

In this power packed free 45-60 minute LIVE Tele-Seminar you'll learn how to develop and build a Business Plan that will have Private Lenders wanting to invest with your company.  

So here is what you are going to learn and discover in this brand new tele-seminar:

To sign up for this FREE tele-seminar on: Tuesday, February 3, 2009 at 8:00 PM Eastern and audio Replay on Saturday February 7 at 12 noon Eastern simple click here ===> http://www.realestatewealthtoday.com/PLS-Vol2-Signup.html

Even if you know you can't make the specific time, register anyway so I can send you a link to the Audio Replay...

Check for the time in your area...

Seating is limited and you DON'T want to miss the educational, information packed call! We look forward to having you on the call!

To sign up for this FREE tele-seminar on: Tuesday, February 3, 2009 at 8:00 PM Eastern and audio Replay on Saturday February 7 at 12 noon Eastern simple click here ===> http://www.realestatewealthtoday.com/PLS-Vol2-Signup.html

Real Estate Wealth Today.com
http://www.realestatewealthtoday.com/

Finding the Right Professional

• Real estate professionals come in all shapes, sizes, genders, experience levels, personalities, and specialties. But how do you determine which one is right for you? For instance, let’s say you’re considering two such professionals for your planned purchase. One has many years’ experience and a proven “track record”, while the other lacks this experience but appears to have a better personality and desire to excel. Which should you select? Since you are entering an unofficial partnership with this person for at least the short-term, your decision is critical.
• What type of property are you looking for? Are you looking to purchase a wonderful owner-occupied residence or a piece of investment property? If you want investment real estate, do you want commercial property, such as a small strip mall or office building, or do you want a multi-family structure or small apartment complex? If you’re searching for a new home for yourself, do you want a new construction or a mature house? Since many real estate professionals focus on certain types of property, you want to be sure you retain the right broker for your type of transaction. If you’re looking for a new home, you want a real estate professional that concentrates on owner-occupied sales. Should you want a newly constructed home, you want to partner with a professional that understands the difference between new and older construction.
• Does your new property have to be in a specific area? Even a highly experienced broker may not be familiar with the area you prefer. You would be better served by retaining a professional with expertise in your desired area. He/she will have a good professional “feel” for the market, demand, history, desirability, and projected trends for this and surrounding neighborhoods. As an added benefit, since your professional has experience in this area, he/she may have access to inside information which could be very helpful in your search.
• If you are seller, is selling price or the speed of the transaction more important? If you want to maximize your selling price above all other considerations, you want a real estate professional with a track record of patients and, more importantly, strong negotiation skills. Should you “be on the clock” because of reasons outside of your control, you may want to retain a professional whose specialty is superb marketing. A broker who is noted for locating qualified buyers quickly and bringing the parties to the closing table in record time.

For more Real Estate Investing tips including how to raise Private Money Lending, I invite you to get my new FREE 20-page eBook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by clicking here http://realestatewealthtoday.com/FREE-eBook.html .

Mike Lautensack is a full-time real estate entrepreneur in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business.  To learn more about this kit and receive your FREE Real Estate Wealth Newsletter go to
http://realestatewealthtoday.com/Private-Lending-Presentation-Kit.html.

This is Mike Lautensack with Real Estate Wealth Today.com and I am sure you are aware that the world's financial markets are in freefall, mortgage markets are frozen and real estate prices are down 20% to 50% across the country.  Not a pretty picture right!

Well there are real signs the real estate market is at bottom and in many locations the prices are actually up over the last 12 months.  Mortgage rates and home affordability are both very positive.  So is the real estate investing opportunity of a lifetime? 

It might be but you must access to money.  The way to get that money is through Private Lending!

So as we go into 2009 I am going to do a teleseminar titled "Discover the 6 Key Steps You Must Do To Start a Private Lending Program in 2009!"

This FREE Teleseminar will be a step-by-step overview of the private lending process and tell you how to fund your real estate deals without banks or PERSONAL GUARANTEES!

Teleseminar Series: Thursday, January 8, 2009 at 8:00 PM Eastern

To sign up for this FREE teleseminar simple click here ===> http://www.realestatewealthtoday.com/2009-Welcome-Call.html

On this call you'll get insider secrets on:

• The 6 Key Steps To Develop Your Private Lending Program In 2009
• Why Private Lending Is The Only Real Option Available For Financing Real Estate Investments Now That Traditional Mortgages And Hard Money Loans Are Dead
• Learn How Easy Private Lending Can Be When You Know The Steps To Develop Your Own Private Lending Program
• How To Prepare For 2009 To Be Your Best Year Ever
• What To Do Next.....
• And Of Course, A Whole Lot More!

To sign up for this FREE teleseminar simple click here ===> http://www.realestatewealthtoday.com/2009-Welcome-Call.html

5:00pm Pacific Time

6:00pm Mountain Time

7:00pm Central Time

8:00pm Eastern Time

Seating is limited and you DON'T want to miss the educational, information packed call! We look forward to having you on the call!

To sign up for this FREE teleseminar simple click here ===> http://www.realestatewealthtoday.com/2009-Welcome-Call.html

Mike Lautensack

Real Estate Wealth Today

http://www.realestatewealthtoday.com/

P. S. I only have 75 lines available for this call, so please get on 5 minutes early so you don't miss the call.

P. P. S. We also now offer a limited number of people one-on-one private coaching to grow and expand your real estate investing business with private lending - If interested please click here and fill out the form and I will call you to discuss your needs.

To sign up for this FREE teleseminar simple click here ===> http://www.realestatewealthtoday.com/2009-Welcome-Call.html

If you are a real estate investor, or if you want to get started in real estate investing, having a steady source of mortgage money is absolutely essential to your real estate investing business.   In fact, having a good source of mortgage money will give you such an advantage in the post-credit bubble market that you can get better deals than your competitors can get by making better offers.  Imagine getting a 5% to 10% lower price simple because you can offer an “all cash” offer versus your competitors having to ask for a “financing contingency” in their offer.

But the $1,000,000 question is how you get a good and consistent source of money when traditional mortgage money and hard money loans are all things of the past.   The answer is private lending and borrowing money from private individuals, not banks or hard money lenders.    

Borrowing money from private lenders is not nearly as difficult as some would make it seem.  There are six major elements to starting and developing a private lending program a real estate investor needs to do as follows.

1. Business Plan:  You must have a solid and believable business plan that fits your experience level and skill set.  If you have only bought one or two properties you can NOT tell a private investor you plan to buy 12 properties this year.  This is not believable and the private lender will not lend you money.  Your business plan must be well thought out and when you sit in front of a prospective investor it must be believable and achievable without being a stretch.
2. Credibility Kit:  Building your personal Credibility Kit is going to be one of the most important tools in your real estate investing business. Nothing speaks louder, or more clearly, about you or your integrity than letters from your sellers, personal reference letters, letters from your lenders, copies of ads you have run, photos of properties you have bought and sold, and the professionalism that a good Credibility Kit presents to private lenders.  You absolutely must have good Credibility Kit and be able to email or provided a hard copy to prospective lenders.
3.  Marketing Plan:  You must have a good marketing plan including several different types of lead generating marketing to get potential private lenders to call you and request more information.  These methods can include post cards, flyers, networking within professional organizations, and group or one-on-one educational presentations.  We do NOT recommend any big or public advertising such as newspapers, internet or email marketing.
4.  Follow-up and Presenting Deals: Once your marketing has generated some leads it is time to present deals.  You may want to meet with the potential lender in a one-on-one meeting and lay out why your deal makes sense and how the investor’s money is well protected and what return they can expect earn.  You also may want to send out a short summary to a number of potential lenders and see if they are interested by having them call for more information and details.  If one of the lenders calls from your emails it is important to follow up and send both your credibility kit and deal summary for their review.  
5.  Legal Forms:  One of the great advantages of private lending is how simple the forms are for a typical private lending transaction.  In fact, most private lending transactions only involve four documents including a Mortgage or Trust Deed, Promissory Note, Insurance and Disclosure Statement.  The most important document is the Promissory Note and this is where you add certain clauses that allow to control the deal and give you the investor flexibility down the road.
6.  Closing:  Once you have a private lender ready to go and your forms prepared for the deal it is time to close.  I strongly recommend to my coaching students that they always close with a title clerk or attorney and let them prepare the closing documents and handle the money for you at closing.  For the small fee they charge, it takes a lot of headaches away and adds a level of professionalism to your investing business.  I also strongly recommend that the title clerk or attorney record the private lenders mortgage with the local county land records office.

Private lending may well be the only way to get money for real estate investing in the post-credit bubble market.  If you follow these simple six steps you will be well on your to having a consistent source of money for your real estate investing business.

I invite you to learn more about Private Mortgage Lending and get FREE instant access to a 60 minute audio and 20-page eBook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by going to > http://realestatewealthtoday.com/FREE-eBook.html

Mike Lautensack is a full-time real estate entrepreneur in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE Real Estate Wealth Newsletter go to Private Lending Kit.

100 Real Estate Investing Tips 

Getting Started in Real Estate Investing 

• For those who are attracted to or fascinated by the idea of becoming a professional real estate investor, it is important to consider many realities of this business. Along with all the benefits that come from intelligent real estate investing, there are also potential pitfalls that the inexperienced investor might face.

• Locate and retain an experienced, knowledgeable real estate professional to assist you. While always important to have a good, trusting relationship with a real estate agent when you look to purchase real estate, it is critical for new real estate investors. The “investment market” can be quite different from the “owner occupied market” and buyers must realize the differences to protect themselves. Your real estate professional can provide the inside information you need to make the right property choices.

• Decide what type of real estate investor you want to be. There are a number of choices, or strategies, an investor may use to reach specific income and/or asset goals. The types of properties considered, the purchase price, the level and cost of rehabilitation, if any, are only a portion of the factors that must be considered before potential properties are examined. Your real estate professional can give you the assistance you need in locating appropriate properties that fit your strategy and goals for your new investing career.

• Think about your goals and reasons are for choosing this activity. What are you looking for? Is this to become your new profession, or is it to be just a part-time, passive activity that generates positive results? Are you seeking short term income generated by quick buy then sell properties, long term income status through your becoming a landlord, or long term asset and equity growth that will provide you with a superlative retirement portfolio? Once again, the types of properties appropriate for these various strategies often differ just as the needs and desires of investors vary.

• Learn what financing options are available to you as a real estate investor. If you are not already involved in the banking or lending industry, you should do your research and personal “homework” to learn what level of financing you can obtain to purchase the property(s) you want. Unless you have just inherited a seven figure gift from that Aunt in Nebraska you forgot about, you will need a cooperative, cost effective source of mortgage financing to achieve your new investment property goals. If you begin your adventure without a helpful source, ask your real estate professional for help. He/she will only become more effective on your behalf if he/she is also involved in the financing loop.

• Become committed to being patient and realistic about the opportunities to purchase an appropriate property. Buying cost effective investment-grade real estate is not like buying a new automobile, even a very rare and expensive one. Locating property that matches your investment strategy may take a week or it may take six months. Impatience in the world of investment property, whether you are buyer or seller, can be very expensive for you. Patience will greatly improve your chances of generating the maximum income and/or profit from your real estate investments.

• Becoming a smart real estate investor can be very financially lucrative and rewarding. But it is not a get rich quick vehicle. Take the time to decide what type investor you want to be and what your goals are. Partner with a real estate professional who is familiar with the investment property market in your area. Locate financing sources that are willing to work with you and provide the funds you need quickly. And, be patient. Purchase or sell only when you have found the right property and/or the right buyer. Good luck!