Real Estate investors will tell you that private money lenders are so valuable becasue they are different from hard money loans or rehab loans where the points are high and interst rates and loan to values are non negotiable. What I am referring to is the art of attracting individuals who have cash to lend to real estate investors for real estate deals.

Hard Money loans will restrict what you can do on your deals. You have to deal with their construction draw schedules, you must bring cash to closing and the lender will dictate the property you buy. With private money lenders, the terms are defined by you, the real estate investor, this is great! You will decide what the interest rate is, what the terms of the loan will be. You will need to sell yourself to the lender or course but by using steps to attract investors and build credibility this won’t be a problem.

So what I’m talking about is putting yourself in a situation where you can act quickly by having access to private money lenders. It’s a speed of implementation idea here so that you have access to capital when the time comes that you need to pull the trigger quickly to purchase those fix and flips or rentals. This is critical to the success of your business.

We have developed a video training that will describe 7 tips to attracting private money lenders to your business. Easy to implement ideas which will allow you to build a foundation on which to become an influence and build instant credibililty. You should check out our video training at our site http://www.attractprivatemoney.com

Get 7 tips to generating private money lenders for your real estate business. Stop by Travis Bontrager’s site where you can find out all about private money lenders and what they can do for you.

There are a number of people who are going to send mail or call. Most likely they were able to get your address or your number from the court system. Due to the legal nature of the process your information will be deemed as public and be published. This means anyone with internet access can find you.

The most common people or organizations that are going to give you call:

Swindlers/Con Men

These are the ones you have to be aware of. (And there are a lot of them out there.) All of them offer promises and refer you to a chapter 13 attorney for collect a fee. In worse cases, they will take the deed of the house and force you to pay rent while leading you to believe that they can save your home and in the end you loose it all because they do nothing but take your “rent money” and skip town.

This is the most common problem you will face besides the actual foreclosure.

Mortgage brokers

They can help you by refinancing your property. However, these loans may have higher interest rates and closing costs than what you payed at the bank. Some may even charge you more to see how much you are willing to pay and take advantage of it. Not all brokers will rip you off. Over the last several years mortgage brokers have gotten the short end of the stick in the press. Shop around and ask family and friends for a referral if you decide to use a broker. (and just for the record..no I am not a mortgage broker)

Lawyers

This is your last resort. Most attorneys don’t really care about the situation you’re in or give you the attention you need.

Mortgage negotiators/Mortgage “Mod gods”

They negotiate repayment schemes with mortgage lenders. You can negotiate with the bank but in case it fails you can ask the help of a professional to get the plan approved. Some banks may impose a much more demanding plan and these professionals can get you a more favorable agreement.

Hard money lenders

They help arrange a new loan for you or buy the house from you. No matter which type you choose you must be completely aware of what they are doing and what they want. Other people can help while some can just make matters worse.

Mortgage/note holder

Your mortgage holder will call you to reinstate your house. This can be a good option depending on your situation. These are usually offered by mortgages backed by the government.

Whoever calls you or wherever the mail comes from be aware and think things through. You can stop a home foreclosure with the right options applicable for your situation. Do not throw in the towel if you don’t have to.

Doc Schmyz has invested all over the US. He owns a free website that shares Real estate investing information for all over the US. Find real estate information by state

More often than not lenders often lead their borrowers to believe that they don’t have other options available. There are other alternatives that homeowners can use to keep their house off the auction block. The following is a list of ideas to consider if your in the foreclosure process.

1)Short stop

This is a short refinance for the foreclosure of your property. If you don’t want a new loan to cover an existing one, you can ask the help of a friend. A borrower’s friend or relative can buy or pay off the mortgage.

2)Negotiate a payment scheme

In this case the homeowner agrees to pay a portion of the amount and agrees to pay the rest in the succeeding months. The homeowner shows proof of their income and pays a down payment. This is a much easier way and most lenders agree to this plan. Keep in mind that some lenders will contract out the agreement. (normally 3 to 5 months)

3) Change of plans

Sometimes a temporary change in the terms of the loan can be given when properly negotiated. These changes include amortization extension and reduction of interest rate. A foreclosure negotiator handles the job of getting these plans approved. This is a total process for another short term fix. This may sound a lot like the second option we discussed however this is much more involved.

4) Third party sale

The property on foreclosure is sold to a third party. The proceeds will go to the mortgage lender as a settlement for the debt.

5) Friendly third party sale

The third party who buys the property sells it on foreclosure to clean the deed of other holders/liens. Then the property is sold back to the original owners/borrower.

These are just some of the options that borrowers can utilize in attempting to retain their properties. Remember these alternatives are outside the original terms of the agreement. Homeowners may have to negotiate their way with lenders and banks. Preventing home foreclosure is still better than looking for a cure.

Doc Schmyz has done real estate deals all over the US. He built a free website shares Real estate investing information for all over the US. Find real estate information by state

Where to start? Well lets look at a few basic tactics for a new investor.

Everywhere you turn these days someone is a member of a Real Estate group. Find where they meet and be willing to ask the most basic of questions.

People gathered together with like minds create a social atmosphere that motivates new investors to take action. Club members share ideas with other members, discussing what works and what does not work in real estate investing.

Before actually buying any investment properties, beginning real estate investors should begin to put their organizations together by outlining a specific business plan. The plan should go over every step in the purchase of a property, from the marketing strategies on through the sale or leasing of a property.

So know you need to decide on the type of investment property you want to invest in. do you like the idea of duplexes? Single family homes? Small apartments? Remember this, if you start out with one type and become familiar with it, then you will learn exactly what you need to do to make the profit from it. Being a specialist in this manner can lead to faster profits.

Begin to get together a group of contractors and sub-contractors who you can trust to work within your new system and according to your business plans and your budget.

So lets say you choose to do the “fix and flip” game. People to have on your team are a contractor, electrician, plumber, and to be safe a heating/air condition guy. Now if you can find one…and the property isnt getting major work (like say a room addition) you can get away with a good handyman who does all the above.

Find a good agent. This is harder than you might think. You see most agents dont work well with investors. Why? Investors want the agent to do tons of work the normal buyer doesnt. Offers counter offers…spread sheets to show profits and losses…not to mention all the surrounding research on the sales in the area in the last 6-12 months. A good agent will do this. A good agent understands that they may sell you more than one house in a years time…and that means repeat business for the agent.

Have an exit tactic in mind. This is a critical element of investing in real estate. How are you planning on selling this house once it is fixed and ready for market? How much room do you have on price so you sell it and still make a profit?

Are mistakes going to happen? Yes. They happen to every real estate investor…the trick is to learn how to spot them. The longer you hold on to a property the lower your profit.

Be resourceful and pay attention to your bottom line. Build a good team and you will have a nice profit at the end of every investment.

Doc Schmyz has done real estate deals all over the US. His free website shares Real estate investing information for all over the US. Find real estate information by state

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So you have decided to increase your personal wealth, and you looking at real estate a means to get there…good for you! Sometimes people get over whelmed by the amount of information that is out there on the subject. Dont let this get to you. If you invest well, you will be rewarded with returns for years.

How do you start? Well lets take a look at a few time tested methods.

Everywhere you turn these days someone is a member of a Real Estate group. Find where they meet and be willing to ask the most basic of questions.

Most of these clubs are very open with new members or any one interested in investing. So show up and mingle. Most investors love to share war stories or exchange information on purchases they have mad or services they have used.

Before actually buying any investment properties, beginning real estate investors should begin to put their organizations together by outlining a specific business plan. The plan should go over every step in the purchase of a property, from the marketing strategies on through the sale or leasing of a property.

At first you need to decide on what type of property to start with. If your goal is to find distressed houses then focus on those. If you want to deal with the condo market…then thats where you look. Keep in mind when you focus on one area you will become more understanding of what those types of property can be sold for, not to mention how much it cost to get them sale ready.

Building your team is the hardest part of the whole process. You need to find good quality craftsmen who wont break your budget. Contractors, sub-contractors, plumbers, electrical guys…all of these are important. GREAT ones who do good work are harder to find then a good real estate deal. When you find one…hold on to them.

If you will be working with “fixer-upper” houses, line up a plumber and an electrician, as well as heating and air-conditioning experts. Better yet, find a reliable “handyman” who is capable of doing many of the jobs needed in fixing up houses.

Find a good agent. This is harder than you might think. You see most agents dont work well with investors. Why? Investors want the agent to do tons of work the normal buyer doesnt. Offers counter offers…spread sheets to show profits and losses…not to mention all the surrounding research on the sales in the area in the last 6-12 months. A good agent will do this. A good agent understands that they may sell you more than one house in a years time…and that means repeat business for the agent.

Time is always a key factor in real estate investing, so always look to ways to “turn” a property in the least amount of time. A property that remains unsold or not rented is eating up profits every day it in your possession. Learn to cut the losses on properties that fail to meet their profit potential.

Every beginning real estate investor will make mistakes that cut into potential profits. It is imperative to recognize these mistakes and correct them before they can cripple the business.

Be efficient, and resourceful. Keep your eye on your bottom line and you will grow a nice little investment business.

It seems like almost everyone is learning how to cash in and make a buck from the current real estate craze. Home buying and selling is hot right now, and many are learning how to turn real estate investing into a gold mine. But unless you know the ABCs of real estate investing, you can’t even get started.

Many people share the dream of wanting to work for themselves alone, being their own boss, making money their own way. Real estate investing is a great way to make this dream a reality, but you have to know what you’re doing. You have to know the ABCs, and learn to play the game. Only then can you learn to enjoy the payoff. The more you learn about real estate investing, the bigger and better your payoffs should be. That’s what makes this type of investing so lucrative and exciting.

When you learn to read, you start with your ABCs. And when you want to start in real estate, you have to learn the ABCs of real estate investing. For starters, you want to learn about “the market.” This refers to the real estate market, and it only means knowing the condition of properties in any particular area. For instance, in a single city or area inside a city, you’ll want to know how much properties are selling for, how many properties are available, which neighborhoods are popular. You should know as much about the area you’re working in as possible. Know where homes are selling and where they’re not selling, and know what sort of price those homes are getting. This is a great way to get a feel for “the market” and learn what kind of money you can hope to bring in. Knowing your area is a very basic rule of real estate investing.

Once you know how the market looks in your area, you can get down to the nitty-gritty of real estate investing. The basic things you’ll need to know, the ABCs, are fairly simple. The trick to success at real estate is in learning what people want. What are home buyers looking for? What do you look for, when you buy a home? The kitchen and bathroom areas are very important, and many real estate professionals say that these areas are what sell homes. Keep costs down as much as possible, but if you’re going to splurge then put the money into these areas of the home. You’re likely to get the most money back from this investment. Learn more about more inexpensive materials, such as poured concrete instead of granite, and laminate flooring instead of hardwood, to learn how to make a home beautiful for less. This is one of the ABCs of real estate investing – knowing how to walk the fine line between spending too much and too little.

It’s important to work out a budget, plan for disaster, and keep on track as much as possible. Have an idea of what you want to get out of each property before you sell, and don’t put more into any one property than you think you should. If you won’t get that investment back, don’t put it in. This is one of the ABCs of real estate investing – staying on track with the budget. Remember, the less you make from the sale of the property, the less you make from your investment.

Northridge Multi-Family Real Estate

Want to make millions investing in American real estate?

You can!

All the nay-sayers, chicken littles & all the talking head media in America is DEAD WRONG when they say you can’t make money with real estate investing in the United States.

You will make a fortune betting on the USA like Warren Buffet does.

And here’s the PROOF!

China & Russia is buying up more of America than ever in history.

Don’t be surprised if your next mortgage company is from China! Did I also mention Canadians are buying up everything that they can in the good old USA. I

I know this first hand as I grew up in Canada & have many contacts there. For the first time in 40 years the Canadian Dollar (the loonie) is about par with the United States dollar.

Do you think they see and know something that we don’t?

They have more faith in our country than we do.

Why You Should Invest in United States Real Estate

Approximately $33 billion dollars a month in ARMs mortgages adjusted up. Right now in the next 11 months, there are $46.47 billion dollars a month of ARMs adjusting-up!

Well, if you grab your calculator, you’ll realize that’s an INCREASE IN BUSINESS of 42%! That’s right! 42%! MORE business that HAS got to get done!

Why American’s Are Wrong When They Say Don’t Invest in American Real Estate

Here’s why most Americans never get ahead in life…

1. Most of us like to go with the herd, just like cattle. We all do the same thing. We are lazy. And, we don’t like to think and act on our own.

2. I’m ashamed to say that most Americans do not believe in themselves & their country. The media easily influences them.

3. Ordinary people are generally guided primarily by FEAR. Greed takes a backseat. I remember, after September 11th, a whole lot of people started betting against America. They also did it in 1979.They did it in 1960. They did it in 1941, 1929, 1865, 1789, and 1776. And they were wrong to bet against the American stock market, real estate and mortgage business.

There are MILLIONS of households that ARE doing something. These households are mostly Chinese that are buying everything that they can possibly get their hands on.

When I worked with Tony Robbins, he would tell me, “Larry, success leaves clues”.

So get a clue!

There are more Chinese millionaires made per minute than anyone else. So, follow their lead. Do what they do.

Why Investing in American Real Estate is Your Least Path of Resistance

Money is like water. Here’s how…

1. It flows to the lowest places. 2. It builds green growth. 3. It takes the path of least resistance

Right now, successful real estate investors are saying, “we are waiting till things change.”

But they’re lying! Just as surely as Kirstie Alley at a Weight Watchers meeting!

Watch what they DO, not what they SAY! They have cheesecakes in the freezer! They are secretly buying anything and everything.

Get a clue and dive in now. Just ask Gates, Buffet & Trump. See what cheesecake they’re buying (Real Estate).

Why NOW is the Time to Buy American Real Estate

1. This is the biggest sale of Real Estate in 23 years. 2. Huge influx of cash from foreign investors snapping up inventory thus creating demand 3. Bottom has been reached. 4. Great savings on mortgages from 7 interest rate cuts in just 7 months 5. HUGE profit potential on Massive Foreclosure Wave

Here Are 3 Tips to Get You Started in Investing in American Real Estate Now

1. Join your local Real Estate Investor Club and attend as many events as possible. 2. Go on Real Estate Investor Tours (kick the tires) 3. Invest in your Real Estate Education through home study courses and attending as many seminars as you can.

It is a buyers market – a real estate investor’s dream. So, what are you waiting for? Follow my 3 tips above and start investing in American real estate today.

Northridge Multi-Family Real Estate

It seems like everyone is talking about real estate investing these days. It’s made a splash on reality TV, and it’s made a splash in all the neighborhoods. Real estate investing sounds like a great idea – investors part with enough money to buy and renovate a property, then sell that property for big profit. For those who are considering learning more about beginning in the field of real estate investing, there’s still a lot to learn.Learn How to Make Money In Real EstateResidual Income Through Real Estate

Beginning in the field of real estate investing isn’t easy. It’s isn’t the sort of thing that you jump into. To really succeed at real estate, investors have to understand a few things about how the real estate market works, and want property buyers want. Giving people what they want is the most important aspect of real estate investing, because their reaction directly affects your sale. And it’s the sale that determines how much you get back from your investment – so what they want is a very primary concern.

Learn the real estate market, and beginning real estate investing won’t be so difficult. To learn what the real estate scene is like, just look at properties for sale in your area. Notice where properties are available, notice how long they stay on the market before they get sold, notice how much they are selling for. It’s a good idea to do nothing but study the market at first, get a real feel for property values in your area. When you notice where the hot properties are selling, and where the biggest sales are being made, you can start to hone in on specific properties you might like to buy. It’s inadvisable to buy properties in locations that have many other lots available, areas where properties stay on the market for quite a while before being sold.

Giving people what they want is another important aspect of any real estate investing, and not just beginning real estate investing. What do people want? Which properties are being sold the quickest in your area – and why? Find out what’s popular, what’s hot, what people want. It’s a good idea, for investors, to put themselves in the place of the buyer. What would you want, if you were going to purchase this property? For beginning real estate investing, this is a good rule of thumb to follow – treat each property almost as though it were your own. Once you learn what features your buyers want, you stand a much better chance of getting those great profits you’re looking for.

Beginning real estate investing can be risky, but it’s also challenging and exciting. Once you learn a few of the basic rules and tricks of the trade, you can start to gain the experience that will push your investments to the next level. Beginning real estate investing is a lot of hard work, but it’s something that can definitely pay off.

Northridge Multi-Family Real Estate