I pounded on my SEC attorney to spill his guts on the following...
Explain a Reg. D, Rule 506 offering, what filings are needed, comparing it to
state-based offerings and private offerings to family, friends and associates?
And here is what I want to know...
1. What exactly is a PPM?
2. So, a PPM is offered under rules established by the SEC. What is the
role of the SEC in setting up these rules?
3. What is the Securities Act of 1933?
4. What are the rules under the Securities Act?
5. What is Regulation D?
6. What is Rule 506 under Regulation D?
7. Do the states have any role in setting up rules for PPMs?
8. What filings do people have to make when using a PPM?
9. What is Form D?
10. What kind of information included in a Form Dfiling?
11. Is there a fee for filing Form D?
12. Are there any benefits from filing Form D?
13. What about filings with the state securities divisions?
14. So, what kind of information goes into a PPM?
15. How does a PPM compare to just raising money from family, friends and
associates?
16. How much money can someone raise using a PPM?
17. Is any advertising allowed under the rules covering PPMs?
18. Can people raise money to invest in something other than real estate
using a PPM?
19. Does that mean that people could use a PPM to raise money to invest in
notes, or defaulted credit card portfolios, or other unsecured investments?
20. What does it cost to put together a PPM?
21. What else should people know about using a PPM to raise money?
Do you want to know any or all of these answers to these questions?
Friday, April 1, 2011
Monday, February 28, 2011
"7 Secrets To Real Estate Success In Today's Market"
Dear online entrepreneur,
Forget our current recession—my personal recession was in high gear 14 years ago. I was down to my last 800 bucks and living in a tiny apartment. I was getting nowhere as a landscaper in cold, snowy Massachusetts. Maybe like someone you know, I was desperate to find a way out of my "work/sleep/work" nightmare. Then a friend told me about some real estate opportunities in my depressed town. I could get in with no money of my own. I jumped at the chance because I was so desperate for money. I didn’t know a thing about real estate—but desperation has a way of motivating me to learn. And learn I did! I can’t count the number of mistakes I made along the way—I must have made them all.
Here's the wonderful truth that I discovered: That first deal was by far the very hardest, because I had no success pattern to follow. Once I knew the steps after doing that first deal, the second was easy! Well, I've done over 700 transactions in the last 14 years, and life's pretty good now: I drive a beautiful car, take long vacations in exotic destinations, and work when I please. Better yet, the people who have followed my tested and proven systems are doing the same! Because I don't want you to have to make all the same mistakes I did, I created this CD:
Forget our current recession—my personal recession was in high gear 14 years ago. I was down to my last 800 bucks and living in a tiny apartment. I was getting nowhere as a landscaper in cold, snowy Massachusetts. Maybe like someone you know, I was desperate to find a way out of my "work/sleep/work" nightmare. Then a friend told me about some real estate opportunities in my depressed town. I could get in with no money of my own. I jumped at the chance because I was so desperate for money. I didn’t know a thing about real estate—but desperation has a way of motivating me to learn. And learn I did! I can’t count the number of mistakes I made along the way—I must have made them all.
Here's the wonderful truth that I discovered: That first deal was by far the very hardest, because I had no success pattern to follow. Once I knew the steps after doing that first deal, the second was easy! Well, I've done over 700 transactions in the last 14 years, and life's pretty good now: I drive a beautiful car, take long vacations in exotic destinations, and work when I please. Better yet, the people who have followed my tested and proven systems are doing the same! Because I don't want you to have to make all the same mistakes I did, I created this CD:
Imagine this... Private Lending Cash Flow in the next 90 days...
Private Lending has existed for decades for a
good reason. Because it's a GREAT way to
generate passive cash flow without the hassles
of real estate ownership.
Only the affluent have been doing it to generate
massive cashflow for their families, without ever
sharing their secrets!
It gets better...
Imagine being able to make thousands of dollars
a month without buying properties, signing on
mortgages, having good credit, and dealing with
tenants!
Imagine this...
Massive Cashflow Without Tenants!
Massive Cashflow Without Qualifying For Mortgages!
Massive Cashflow Without Having Good Credit!
Massive Cashflow Without Using Your Money!
Massive Cashflow Without Owning Properties!
This is your chance to learn the secrets the affluent
have never ever shared with anyone else.
good reason. Because it's a GREAT way to
generate passive cash flow without the hassles
of real estate ownership.
Only the affluent have been doing it to generate
massive cashflow for their families, without ever
sharing their secrets!
It gets better...
Imagine being able to make thousands of dollars
a month without buying properties, signing on
mortgages, having good credit, and dealing with
tenants!
Imagine this...
Massive Cashflow Without Tenants!
Massive Cashflow Without Qualifying For Mortgages!
Massive Cashflow Without Having Good Credit!
Massive Cashflow Without Using Your Money!
Massive Cashflow Without Owning Properties!
This is your chance to learn the secrets the affluent
have never ever shared with anyone else.
Friday, July 23, 2010
OPM Credit
I want to thank you for having the motivation to learn "How to Get
Your Real Estate Deals Funded in as Quickly as 24 Hours!"
But, ACTION SPEAKS LOUDER THAN WORDS!
Why delay your real estate investing plans another day?
www.OPMCredit.com has been helping investors like you learn how to
do this since 2006 and now is the perfect opportunity to put this
knowledge to work. Put it to the REAL TEST!
The real estate market currently offers investors some of
the best investment opportunities of more than a decade. Thousands
of investors visit our website each month and investors contact us
each day and ask for our help. How do I get my deal funded? What
do private hard money lenders ask for? Which lenders should I
contact? What type of properties are they funding? What kind of
funding is available and what terms are being offered. What do I
need to do?
Signing up for this newsletter was your first step to learn the
answers to these questions. With this knowledge you can learn how
to help your partners, friends, and families prosper and you can
build wealth in real estate investing.
One thing we know for sure, real estate always has been and always
will be one of the best ways to obtain and protect wealth. History
has taught us that. Real estate gives us the opportunity to have
great tax benefits, build equity in our properties, and profits
when we sell. But for many investors, the challenges arise in
finding suitable investor financing. Learning how to obtain
private hard money is key for a serious real estate investor. The
concept of using OPM (other people's money) has been a platform to
building wealth. It is true that most millionaires obtained
their wealth or protect their wealth through real estate investing.
Most real estate investors use the money of private hard money
lenders. It is surprising to learn that not all of these
investors had great credit. Many, in fact, started from scratch
and built their real estate portfolios one property at a time and
developed their relationships with these private hard money lenders.
Your Real Estate Deals Funded in as Quickly as 24 Hours!"
But, ACTION SPEAKS LOUDER THAN WORDS!
Why delay your real estate investing plans another day?
www.OPMCredit.com has been helping investors like you learn how to
do this since 2006 and now is the perfect opportunity to put this
knowledge to work. Put it to the REAL TEST!
The real estate market currently offers investors some of
the best investment opportunities of more than a decade. Thousands
of investors visit our website each month and investors contact us
each day and ask for our help. How do I get my deal funded? What
do private hard money lenders ask for? Which lenders should I
contact? What type of properties are they funding? What kind of
funding is available and what terms are being offered. What do I
need to do?
Signing up for this newsletter was your first step to learn the
answers to these questions. With this knowledge you can learn how
to help your partners, friends, and families prosper and you can
build wealth in real estate investing.
One thing we know for sure, real estate always has been and always
will be one of the best ways to obtain and protect wealth. History
has taught us that. Real estate gives us the opportunity to have
great tax benefits, build equity in our properties, and profits
when we sell. But for many investors, the challenges arise in
finding suitable investor financing. Learning how to obtain
private hard money is key for a serious real estate investor. The
concept of using OPM (other people's money) has been a platform to
building wealth. It is true that most millionaires obtained
their wealth or protect their wealth through real estate investing.
Most real estate investors use the money of private hard money
lenders. It is surprising to learn that not all of these
investors had great credit. Many, in fact, started from scratch
and built their real estate portfolios one property at a time and
developed their relationships with these private hard money lenders.
"Proof of Funds"
To be successful in getting your investment properties funded by
private hard money lenders there two steps to follow. It is NOT
that difficult!
1. Plan on devoting at least 5 to 10 hours a week on your investing
business.
2. Divide that time equally in FOUR areas: FINDING excellent
properties, WRITING OFFERS on those properties, SUBMITTING those
properties to private hard money lenders for funding and finally,
ALWAYS MARKETING AND ADVERTISING THE PROPERTIES and working with
buyers.
Not every property will be an "excellent" property.
Not every offer will be accepted.
Not every property will be funded.
Successful investors know that there are "numbers" and they use
that to their advantage.
They screen many properties each week.
They prepare to submit offers by having their "proof of funds"
letter ready.
And they FOLLOW THROUGH and submit the properties they
get under contract to their private hard money lender and go to
closing.
Next, you need to know the lenders guidelines and avoid submitting
properties that do not meet those guidelines. The right property,
in the right location, for the right lender.
If you do not have any money for incidentals like appraisals,
inspections, etc., get a partner who does.
If you are planning to do rehab, some lenders will also lend you
money for that by placing money in an escrow and then reimbursing
you or paying your contractors directly when the work is finished
and an inspection is completed.
Some investors will get a credit card from companies like Lowes,
or Home Depot and use that for materials and even contractor work.
Then they save the receipts and get reimbursed from the lender.
private hard money lenders there two steps to follow. It is NOT
that difficult!
1. Plan on devoting at least 5 to 10 hours a week on your investing
business.
2. Divide that time equally in FOUR areas: FINDING excellent
properties, WRITING OFFERS on those properties, SUBMITTING those
properties to private hard money lenders for funding and finally,
ALWAYS MARKETING AND ADVERTISING THE PROPERTIES and working with
buyers.
Not every property will be an "excellent" property.
Not every offer will be accepted.
Not every property will be funded.
Successful investors know that there are "numbers" and they use
that to their advantage.
They screen many properties each week.
They prepare to submit offers by having their "proof of funds"
letter ready.
And they FOLLOW THROUGH and submit the properties they
get under contract to their private hard money lender and go to
closing.
Next, you need to know the lenders guidelines and avoid submitting
properties that do not meet those guidelines. The right property,
in the right location, for the right lender.
If you do not have any money for incidentals like appraisals,
inspections, etc., get a partner who does.
If you are planning to do rehab, some lenders will also lend you
money for that by placing money in an escrow and then reimbursing
you or paying your contractors directly when the work is finished
and an inspection is completed.
Some investors will get a credit card from companies like Lowes,
or Home Depot and use that for materials and even contractor work.
Then they save the receipts and get reimbursed from the lender.
Gain Wealth from Buying and Selling
Don't adopt the mentality that the lender has to fund every
property that you submit.
If the property is an excellent property, and one lender turns it
down go to another lender but don't "burn your bridges".
Remember, it is a RELATIONSHIP game and that same lender that
turned you down may be able to help you on another property down
the road. Don't take getting TURNED DOWN personal. Just find
another lender and find more property!
Private hard money lenders do actually compete for business.
They are already aware of the existence of other private hard money
lenders who loan in their areas and they try to make their loans
competitive.
Many investors are concerned that their credit score will knock
them out of the ball park when it comes to getting funding from a
private "hard money" lender. This is not necessarily the case.
However if you have an "average" or "bad" property and low credit,
most private hard money lenders will tell you to work with a
partner and look for excellent properties. So as you can see, your
credit score alone is not the determining factor with private hard
money lenders. A low credit score plays a major role with
conventional mortgage companies, however and its much "harder" to
get an investment property loan from a BANK than it is to get it
from a HARD MONEY LENDER!
The term "hard money" lender is derived from the fact that these
lenders only loan money on "hard assets", preferably real estate.
It could be a single family residence acquired for the purpose of
selling with a profit.
Or it could be a single family residence acquired for the purpose
of "rehabbing the property" and creating value and then selling. Or
perhaps you want to acquire the property for rental. One of the
most important things is to know your wealth strategy. Are you
planning to gain wealth from buying and selling, buying and
rehabbing, or buying and renting or a combination of the three?
property that you submit.
If the property is an excellent property, and one lender turns it
down go to another lender but don't "burn your bridges".
Remember, it is a RELATIONSHIP game and that same lender that
turned you down may be able to help you on another property down
the road. Don't take getting TURNED DOWN personal. Just find
another lender and find more property!
Private hard money lenders do actually compete for business.
They are already aware of the existence of other private hard money
lenders who loan in their areas and they try to make their loans
competitive.
Many investors are concerned that their credit score will knock
them out of the ball park when it comes to getting funding from a
private "hard money" lender. This is not necessarily the case.
However if you have an "average" or "bad" property and low credit,
most private hard money lenders will tell you to work with a
partner and look for excellent properties. So as you can see, your
credit score alone is not the determining factor with private hard
money lenders. A low credit score plays a major role with
conventional mortgage companies, however and its much "harder" to
get an investment property loan from a BANK than it is to get it
from a HARD MONEY LENDER!
The term "hard money" lender is derived from the fact that these
lenders only loan money on "hard assets", preferably real estate.
It could be a single family residence acquired for the purpose of
selling with a profit.
Or it could be a single family residence acquired for the purpose
of "rehabbing the property" and creating value and then selling. Or
perhaps you want to acquire the property for rental. One of the
most important things is to know your wealth strategy. Are you
planning to gain wealth from buying and selling, buying and
rehabbing, or buying and renting or a combination of the three?
Lenders also have Wealth Strategies
Which type of property do you want to concentrate on--residential
or commercial, single family or multi-family?
Lenders also have wealth strategies. They do not lend on every
single type of property in every single geographical area. Some
lenders concentrate on specific types of property and some
concentrate only on specific areas. Some will not lend on rural
property. Some will not lend on land. Some will not lend on
single family. Some will not lend on commercial. Our investors
have learned this and saved themselves a great deal of time and
enabled themselves to become much more profitable by creating a
wealth strategy that is compatible with the wealth strategy of
their lenders. This is fundamental to building a relationship with
a lender. Your lender will always want to know your "exit strategy"
and exactly how you plan to use the money.
A man went into a bank and almost on hands and knees, begged for a
loan. He needed the money desperately to feed his family. The
banker okayed the loan and in no time at all handed the borrower a
check in the amount of the loan. The banker said, "I'd suggest you
go right out and buy some food." The borrower looked at the banker
indignantly and and answered, "Don't tell me what to do with my
money!"
Imagine yourself as a private hard money lender. People call you
every day asking you questions about your money. Few of these
callers actually have a specific property. Many of the questions
are hypothetical at best and vague at worst. Lenders tire of this
very quickly. They expect serious investors to do their homework.
They expect serious investors to have excellent properties. And
they expect serious investors to have prepared a "package" or
"application" to be considered for funding. If the private hard
money lender is based in New York City, is it likely that they
will loan on a property in rural Kansas? A few do, but most
restrict themselves to specific types of properties and specific
areas.
or commercial, single family or multi-family?
Lenders also have wealth strategies. They do not lend on every
single type of property in every single geographical area. Some
lenders concentrate on specific types of property and some
concentrate only on specific areas. Some will not lend on rural
property. Some will not lend on land. Some will not lend on
single family. Some will not lend on commercial. Our investors
have learned this and saved themselves a great deal of time and
enabled themselves to become much more profitable by creating a
wealth strategy that is compatible with the wealth strategy of
their lenders. This is fundamental to building a relationship with
a lender. Your lender will always want to know your "exit strategy"
and exactly how you plan to use the money.
A man went into a bank and almost on hands and knees, begged for a
loan. He needed the money desperately to feed his family. The
banker okayed the loan and in no time at all handed the borrower a
check in the amount of the loan. The banker said, "I'd suggest you
go right out and buy some food." The borrower looked at the banker
indignantly and and answered, "Don't tell me what to do with my
money!"
Imagine yourself as a private hard money lender. People call you
every day asking you questions about your money. Few of these
callers actually have a specific property. Many of the questions
are hypothetical at best and vague at worst. Lenders tire of this
very quickly. They expect serious investors to do their homework.
They expect serious investors to have excellent properties. And
they expect serious investors to have prepared a "package" or
"application" to be considered for funding. If the private hard
money lender is based in New York City, is it likely that they
will loan on a property in rural Kansas? A few do, but most
restrict themselves to specific types of properties and specific
areas.
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