Virtual Online Meeting!
Saturday June 10th 9 a.m.-3 p.m. eastern
Online
Online Masterclass:
How to Be a Successful Private Lender
(even if you don't have a lot of cash)
Which of these things is true?
#1 Being a private lender is awesome:
- It lets you invest your spare cash at a high (relative to other secured, fixed-rate investments) rate of return
- It's hands-off
- It lets you diversify your investments into other areas and other property types without having to buy properties in other areas or of types that aren't "in your wheelhouse"
- It helps your fellow investors reach THEIR goals
- It helps people in your community create more housing for people in your community
#2 Being a private lender is awful:
- Your borrower can turn out to be incompetent, or a scam artist, or simply have something go wrong in their lives that make it impossible to pay you back
- The market can turn suddenly and make it unlikely that your borrower can pay as agreed
- You can end up with bad documents, or the wrong documents, and find out that your loan is unenforceable
- Inflation can skyrocket, making what seemed like a good rate of return at the beginning of the deal look like a really bad rate of return a few years later
- You can accidentally break a state or federal law, and end up in a costly lawsuit or even investigation by governmental entities you do'’t want to be dealing with
- You can straight-up lose all or part of your investment — and people do, all the time
The answer, of course, is that they're BOTH true.
And which experience YOU'LL have depends a lot on
whether you know how to avoid those pitfalls...
Which is why, if you've even THOUGHT ABOUT lending your hard-earned money secured by real estate, you need to come to this all-day online Masterclass.
You'll find out everything you need to know to create the safest, most profitable, most win-win deals possible, including:
- Exactly how a private lending deal is SUPPOSED to work, from the lender's perspective, so you know when something's "off"
- How to screen your borrowers thoroughly — none of the common "She was the president of my REIA, so I thought she must be a good person" disasters for you...
- What you need to know about any deal you're putting your money in before you even CONSIDER wiring funds
- The top 5 ways that con men scam private lenders (yeah, we know it would never happen to you ... except con men get to stay con men because they're GOOD at convincing people that they’re not!)
- How to find good borrowers
- What insurance and documentation you MUST have in place to protect your investment
- How Dodd-Frank affects your deals, and the simple thing you need to do to comply
- Where and how to deliver your money to make sure it's safe
Plus, you'll learn things that most private lenders don't even know...
- Why you might just make more money with less hassle with lower rate, longer term loans
- How to find "skin" for the borrower to put "in the game" when she has no cash to put down
- How to increase your ROI with "Equity Sharing Loans" — they're way better than partnering when you're using your retirement plan to make investments
- How to take a little bit of cash — maybe as little as $1,000 — and make really big loans with "wrap mortgages"
- Why there's "riches in niches" like transactional funding for wholesalers, down payment/rehab seconds and wraps, and long-term loans for rentals
Your instructor is Vena Jones-Cox (a.k.a. "the Real Estate Goddess"), who's been a private BORROWER for over 30 years, and a creative private LENDER for 10.
Her personal approach to lending is creative, but careful, and...
We STRONGLY Recommend that You Take this Masterclass BEFORE You Make Your First (or Next) Private Loan
As usual, we've even gotten you a super-affordable price on this in-depth Masterclass:
Members pay just $67 per person ($47 before June 8th); non-members $127 ($97* before June 8th) and if you don't agree that this day was worth 10x the investment, we'll refund your tuition, no questions asked
And if you can't attend live (on Zoom), register ANYWAY, because the recording will be available for all registered attendees after the event!
To get your link, and this crucial training, register below (make sure to log in if you're a member to save $50).
After the Event: How to Get the Recording
If you register for this event — even if you can't attend live — you'll get access to the video replay. A few days after the event, when we've packaged up the video file, along with any supplemental documents, we'll post them here at the bottom of this page for viewing and downloading.
We'll also send you email letting you know they're here. But if you miss the email, be sure to visit this page a few days after the event to pick up your video and documents. (Note: Only the people who have registered for this event and are signed into their kreia.com account will be able to access the downloads and replay. Also, please note that it's a good idea to ask your real estate attorney to review any documents, contracts and forms you receive from instructors who are not based in Kentucky; real estate law varies by location.)
Please download the video and documents ASAP: Our website host automatically moves these files out of current storage after 6 months, so the replay video and downloadable documents will go away in time. As soon as you become aware that these resources are available, please download them to your computer or device so that you'll have them for the long haul.
Is your replay no longer available? (Because 6 months or more have passed since this workshop was held?) Fear not. You can still download your files in an upcoming "Download Amnesty Day." Get more info here on how to day that.