Dyches Boddiford presents HARD MONEY LENDING April 5 & 6, 2014 Atlanta, GA Co-Sponsored by GaREIA

[Curt Smith]

Earn Passive Income by Lending to Other Investors…

Let them do the “dirty work” while you earn the easy money!

You’ll learn how to make money just like the banks while avoiding all the hassle and mistakes made by most lenders. But you’ll learn how to earn huge returns and what common mistakes to avoid.

This class is for the individual investor that just wants to do the occasional hard money loan OR for those that want to start their own hard money lending company.

Though the class will deal mainly with loans made to other investors and businesses using real estate as collateral, homeowner loans will also be discussed along the way and the many consumer protection laws that make these loans less desirable than in the past.

Learn how to become a private lender with Dyches Boddiford and Bob Witcher, an Atlanta attorney, who has been closing private loans for over 30 years. Dyches is a full time investor who has been buying mortgages and making private loans since the early 1980?s. Learning from both perspectives provides a unique experience.

You’ll learn

• Evaluating the property—properly done, you will never be worried about a loan.
• Evaluating the borrower. As asset based lenders, we shouldn’t be concerned with the borrower, right? Well, there are a couple of things we should check or you may be sorry.
• What do you do when a borrower wants an extension? Can you charge an extension fee?

READ MORE AND REGISTER

• How much can you charge in late fees and how soon?
• What wording you need in the prepayment penalty clause to allow a prepayment penalty no matter what, even at foreclosure?
• When do you have to give a default notice and the right to cure (and when do you not)?
• Who must get a truth-in-lending statement and who doesn’t? What are the penalties if you don’t comply?
• Do you know how much normal attorney’s fees are for a foreclosure? 15% in most states right? Not necessarily, it could be much less if you don’t have the right language.
• How do you maintain records of payments received and how do you calculate pay-offs (an improper pay-off amount just cost a lender $7,000 to settle!).

http://assets101.com/events/hml-gareia-2014/