What’s the best way to find private lenders for real estate projects?
September 4, 2010 by TRS
Filed under private lenders
My college doesn’t accept loans directly from private lenders, how can I still get student loans?
September 2, 2010 by TRS
Filed under private lenders
I already got money from the Pell grant and am working on getting a stafford loan.
Important steps to start pooling private lender money
August 31, 2010 by TRS
Filed under private lenders
When you pool money from private lenders, you’re putting funds together from two or more different private lenders.
You obviously need to look at doing something different where your states paperwork is concerned. This means you will need to file paperwork with your state and provide a disclosure document to your potential private lenders.
In Ohio, for example, we have what is known as 6(A)1 filing. This filing allow for pooling private lenders’ money in running your real-estate investment business.
This filing also allows advertising and unlimited private lenders.
Remember, securities laws and regulations vary from state to state and the Federal SEC has its own set of laws and regulations.
Here is a checklist on ‘how-to’ pool money.
Pooling Money Steps
– Pooling money occurs when you combine funds from two or more different private lenders.
– You should use or form a new business entity. You should choose a corporation (which could be an S-corporation) or an LLC. Some states have different filings available depending upon whether you have a corporation or an LLC, and LLC’s are sometimes treated as partnerships. Most states won’t allow you to pool money when you’re operating as a sole proprietorship or DBA.
– You cannot use your state’s exemption for real-estate transactions, similar to Ohio’s 3(H) exemption, when you pool lenders together. You can not use this particular exemption because there is no paperwork involved. You must “upgrade” to a higher exemption which allows pooling. All states have similar paperwork levels.
– These filings require you to fill out paperwork, informing the state regulator about your business and what you’re doing. It usually requires you to disclose information to your potential private lenders, which is for your benefit as well as your private lenders’ benefit.
– You’ll pay a fee to your state regulator when you file your paperwork.
One of the things I’ve taught my Real Estate students and continue to stress is that you shouldn’t be pooling money from private lenders unless you make sure you’re in compliance
In order to be in compliance with your home state’s securities laws if you choose to pool your lender funds, you’ll need to find the proper exemption, filing or registration option, and comply with its requirements.
The following is some general information on staying in compliance with your states requirements. I have included this for those of you that have been asking for additional SEC compliance information.
- When you use an exemption to bring in private lenders, you are making an offer and sale of a security. It’s important to understand that an offer to sell is usually treated the same as a sale when it comes to securities compliance.
- Two key concepts to understand when you sell securities are that there are exempt securities and there are exempt transactions. Whether you’re selling stock, equities, borrowing money, or debt, these are treated as securities.
An exempt security usually means a security issued by a governmental agency or authority.
– An exempt transaction refers to the sale of a security not issued by a government agency that has been given an exemption under state law (or federal law) because of the nature of the security and how it’s sold.
- Many of my students are basing their compliance on the exemptions in their states that are similar to the one in
Ohio found under 3(H):
Ohio Revised Code, Chapter XVII, Title 1707.03(H) The sale of notes, bonds, or other evidences of indebtedness that are secured by a mortgage lien upon real estate, leasehold estate other than oil, gas, or mining leasehold, or tangible personal property, or which evidence of indebtedness is due under or based upon a conditional-sale contract, if all such notes, bonds, or other evidences of indebtedness are sold to a single purchaser at a single sale, is exempt.
- Remember, these are still securities, and the sale of these securities can be exempt under securities laws in Ohio. Compliance with the offer and sale of these securities is still required.
- Some states may offer you more than one choice, so you’ll want to evaluate those choices.
E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Alan is a full-time Real Estate Investor, investing in single family and small multi-family properties in Springfield, Ohio.
Since 1995, Alan has bought and sold hundreds of investment properties. Alan uses Private Lenders, not banks; to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for “Win – Win” situations, where the seller, the lender, and the eventual homeowner can all “Win”. He is not a Realtor, but a Private Investor.
Alan has served as an elected official to the Board of Directors for the Clark County Property Management Association. He is an author, consultant and national speaker. He has been asked to speak on the topics of ‘Investing for the Beginning Investor.’ and ‘Finding Private Lenders.’ His home study system, ‘Private Lending Made Easy’, shows new and seasoned real estate investors how to find private lenders for their own real estate business.
His website is http://www.truthaboutprivatelending.com
PRIVATE LENDERS NEEDED FOR REAL ESTATE DEALS IN TENNESSEE – MAKE 10-15% INTEREST
August 29, 2010 by TRS
Filed under private lenders
lending.cashmoneyhousebuyer.com PRIVATE LENDERS NEEDED FOR REAL ESTATE DEALS IN TENNESSEE Easily make 10%-15% interest on your money, secured by undervalued real estate. I can purchase these properties for pennies on the dollar. That is why I am able to pay 10-15% interest That is also why your investment is so well protected! All I need is your contact information. I will find the deals and then send them to you and you will decide if you want to invest. IT IS THAT EASY! If you would like to contact me, you can send me an email at str8loball@gmail.com or call me at 731-607-0118 List 4 Less Realty 731-925-4245 Tim Crane 731-607-0118
Private Label Site Reviews
August 27, 2010 by TRS
Filed under private lenders
Free reviews of PLR sites from around the Internet. Get paid 60% on signups who buy our amazing one-time offer! Affiliate tools at – http://privatelabelsitereviews.com/promote-this-re port.htm
Private Label Site Reviews
Private Lenders wanted for my Auto Loan Broker Division?
August 25, 2010 by TRS
Filed under private lenders
Does anyone know of any lenders that are looking to invest in auto financing? I’m wanting to expand my database of lenders. If anyone is interested please email for detail and return.
Are there any bad credit private lenders or loan sharks in the US?
August 23, 2010 by TRS
Filed under private lenders
I am looking for a quick loan which I can pay off in 6 to 12 months . I tried international loans, but I never met anyone who actually received money from overseas. I need at least $5000 quickly.
Are you an annoying pest to your private lender?
August 21, 2010 by TRS
Filed under private lenders
I hesitated about writing this newsletter topic because on one hand it is so darn simplistic but then I thought back about how I fumbled this area after my 1st luncheon. Instead of JUST sending out thank you cards, I decided to hop on the phone and call everyone that had attended my private lender luncheon.
In the end, I felt like an ambulance chaser instead of a real estate investor.
In retrospect, I think I became a…
‘Annoying Pest’ instead of a ‘Welcomed Guest’
So, I rethought my position and decided to give you a ton of information on this one topic.
Hope it helps…
Not only is it good manners to send THANK YOU notes, it is also a great way to stay in touch and keep the lines of communication open with your clients and prospects in a friendly, positive way!
While I’m sure you can put together something yourself on your handy dandy computer with clip art and a snazzy font, the only right way to do this is to use professionally made note cards.
And, the note should be handwritten.
The best situation is that you write the note yourself but if you are thinking, “Alan, my hand writing is not too great,” have a staff member write the notes and you proofread and sign them. The next best situation is to use professionally made note cards and use your computer to print the message but by all means, sign the cards personally. It makes a difference.
One of the first activities after your lender luncheon is to send THANK YOU notes. Don’t wait because it will lose the desired effect. I have grouped them in the following categories:
– Potential private lenders who attended and want to loan money
– Potential private lenders who attended and want more information
– People who attended and do not want to loan money
– Potential private lenders who couldn’t attend but wanted information
mailed to them
– No shows
– People who refer other prospects to you
The first three categories, of course, go right along with the “Interest” Form. Below I have more information about each category and samples of THANK YOU notes. The most important part of this whole exercise is the fact that you write a friendly note and sign it yourself so they feel like you have made a personal contact with them. This is a business built on relationships and this is a nice, easy way to build relationships.
– Potential private lenders who attended and want to loan money
Whether you have appointments already set up with these folks or have been in constant contact since the luncheon, you still want to send them a THANK YOU note for attending the luncheon. It goes beyond just saying “Thank you.” It is a courteous acknowledgment of the new business relationship. It’s true that not everyone cares whether or not you take this extra step that shows your attention to detail but frankly, if it makes a difference to a few, isn’t it worth it?
It takes focus, work, and money on your part to get a lender to this point. Use this opportunity to show your appreciation and enthusiasm. A simple note from you to a new lender might be something like this:
Dear Martha and George,
Thank you for attending our luncheon
last Tuesday. It was great to meet you
and I’m delighted that you have chosen to
take advantage of our awesome program!
Alan
Simple. Just a THANK YOU and acknowledgment. Personalize your notes however you wish or use my example.
– Potential private lenders who attended and want more information
This THANK YOU note is an opportunity to make another reassuring impression on these folks who are interested and need a bit more information before making their move. They will probably be pleased that you made contact so quickly and in a professional manner. You might want to make this a chance to reinforce the fact that you are an established local company. Your THANK YOU note to these folks might say:
Dear Lovie and Thurston,
Thank you for attending our luncheon
last Tuesday. It was great to meet you and
have a chance to present the program we have
here at Integrity Home Buyers. My staff will
be sending you more information about our
awesome 8% program.
I’m looking forward to talking with
you again soon.
Alan
Make sure you send them more information ASAP along with a request that they call to make an appointment with you so you can answer their questions personally. If you already have an appointment to meet with them, mention that in the note by saying “I’m looking forward to talking with you Tuesday, August 31 at 4:00 at your home.” (Include the date, time, and location of the appointment.)
Adjust the note to fit the situation.
– People who attended and do not want to loan money
At first you might not understand why you should send THANK YOU notes to this category. It’s true that when some people say “no,” they mean just that. But think about this. Some of them really want to loan money but they have to rearrange their financial situation to make that happen and it might take them a little time. They don’t want to go out on a limb and make a commitment without funds readily available. That’s fine.
Your job is to keep the lines of communication open and when they can loan money, they will let you know.
There can be lots of reasons for their hesitance. Maybe they know that at some point they will be getting a court settlement or inheritance but they don’t know exactly when or for how much. They may need to find out if they can get a home equity loan. You’ve told them about the possibility of using their 401K money so they may want to see how much they have, if they don’t check it regularly. They may have some other investment vehicle out there that they want to see about getting rid of so they can loan money to you. Perhaps they want to see if they can start saving more aggressively so they can meet your minimum loan requirement.
The truth is, you don’t know why they said “no” and it could easily change to “yes” at a later time. You’ve started them thinking about a great new possibility and their situation may just take a little time.
Wherever their windfall is coming from, your THANK YOU note could be something like this:
Dear Bonnie and Clyde,
Thank you for attending our luncheon
last Tuesday. It was great meeting you.
I understand that you are not ready to
loan money at this time. Please feel free to
share information about our awesome
program with your friends and family who
might like to take advantage of this great
8% return opportunity.
Alan
We’ve left the door of communication open and we’ve just started them thinking about talking to others about the program. Word-of-mouth is a powerful advertising tool!
– Potential private lenders who couldn’t attend but wanted information mailed to them.
There will be potential private lenders who cannot attend or don’t want to attend the luncheon. Their reason doesn’t matter. They showed interest by responding to your ad and requested information by mail (which I’m sure you sent to them immediately). You should thank them for that request. Here is a THANK YOU note example:
Dear Ozzie and Sharon,
Thank you for requesting information
about our awesome program where you
receive 8% interest on your money. You may
have some additional questions about how secure
your loan is and how you actually hold a mortgage
on a property right here in town while my
team and I do all the work.
I’m looking forward to talking with
you and making sure all your questions
are answered.
Alan
Use this THANK YOU note to emphasize the 15% return. This is probably the most important part for them so make sure it’s in your note somewhere. Remember, they didn’t attend the luncheon or see your presentation so they still might not understand.
– No shows
You may find that even though some people call you to say they will attend and the day before the luncheon you call to remind them, they just don’t show up. It happens. Why? It doesn’t matter. The only important thing is that they’ve raised their hand and are interested in your program! Thank them for their interest and send them the same package that goes to folks who requested information by mail. Your note to them might be something like this:
Dear Mr. Hoffa,
Sorry we missed you at our
luncheon last Tuesday. We covered
tons of information and I know you
are excited about learning how you
can make 8% return with your
loan so we are sending you some
information.
You may have additional questions about
how secure your loan is and how
you actually hold a mortgage on a
property right here in town while my
team and I do all the work.
I’d be happy to talk with you at
your convenience to answer all your
questions.
Alan
Again, the package you send them also has the request that they call your office to set an appointment.
– People who refer other prospects to you
During the course of business, prospects, lenders, friends, and even people you don’t know very well at all will talk about your program to someone who gets excited about it and calls you. Some of your lenders will understand your program and get so excited they will tell everyone about it! This is fantastic! You need to acknowledge them for thinking so much of you that they put their integrity on the line with you.
You need to thank them for that sincere compliment. An example of a nice THANK YOU note follows:
Dear Arnold,
I want to sincerely thank you
for letting Marie’s family in on our
company’s 8% loan money making opportunity.
I am so tickled that you thought
enough of us to tell them to call. I
have a meeting set up to talk with
the Senator in the near future!
Thank you again.
Alan
As always, on the back of each prospect’s or lender’s 3×5 card or file, make an entry with the date and how they were contacted:
9/23/04 Attended luncheon at the country club
9/25/04 Sent thank you note
E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Alan is a full-time Real Estate Investor, investing in single family and small multi-family properties in Springfield, Ohio.
Since 1995, Alan has bought and sold hundreds of investment properties. Alan uses Private Lenders, not banks; to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for “Win – Win” situations, where the seller, the lender, and the eventual homeowner can all “Win”. He is not a Realtor, but a Private Investor.
Alan has served as an elected official to the Board of Directors for the Clark County Property Management Association. He is an author, consultant and national speaker. He has been asked to speak on the topics of ‘Investing for the Beginning Investor.’ and ‘Finding Private Lenders.’ His home study system, ‘Private Lending Made Easy’, shows new and seasoned real estate investors how to find private lenders for their own real estate business.
His website is http://www.truthaboutprivatelending.com
FAQ on using private lenders for real estate investing
August 19, 2010 by TRS
Filed under private lenders
I often get asked the same questions by people that want to use private lenders in their real estate business. I felt it best to go ahead and document a few of these questions so that everyone who is looking for the answers will have access to them.
Who regulates securities?
Each state regulates investments offered to its citizens. The federal government, through the Securities & Exchange Commission (SEC), regulates offerings across state lines. This means that you’ll have to look at the laws and regulations in your state when you’re only working with private lenders in your state. If you’re working with folks across state lines, you’ll need to comply with the laws in each state you’re working in and comply with the SEC’s rules too.
What about advertising?
It’s important to understand that each state sets its rules for advertising investment opportunities, which includes private lending. Every state has opportunities for you to advertise to bring in private lenders. There are strict regulations on this and you need to comply with the states rules.
What about advertising across state lines?
You would use a state exemption that allows you to advertise and only advertise to accredited investors. Accredited investors are defined elsewhere in this package of information. As a reminder, the Securities Act of 1933 has several definitions of accredited investors. The most important for your business are likely to be these two:
1. A natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
2. A natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
So what sort of disclosure should I give my private lenders?
When you are reaching out to private lenders, whether it’s just one or a large group, it’s very important that you disclose the risks and benefits of the private lending opportunity you’re offering them. There are several reasons you should do this. Some are for the benefit of your private lenders, who will want to know what your business is and how they can make money lending to you.
Securities laws work to protect private lenders, so you must disclose to them what the potential downsides are. These might include how long it will take to sell a property; mortgage rate changes, housing market pricing fluctuations, or the cost of rehabbing a property. There are others you’ll want to mention.
Disclosure documents will also help you protect yourself and business against possible claims that you didn’t describe the business properly. A strong disclosure document will help you protect your reputation and protect you against frivolous litigation. It will also help you comply with securities laws and regulations and, should you get a question from a regulator, help you demonstrate to them you are working to be in compliance.
Commissions- Can I pay them?
The bottom line on paying commissions is: don’t. Unless you are using a proper registration or exemption and using a licensed or registered broker/dealer, almost every state prohibits paying commissions for the sale of securities.
Now, in Ohio, it is possible to pay someone to help you get potential private lenders to a luncheon, but only if you pay him or her whether or not these folks end up lending you money. That means that you can’t pay them based on their success rate or anything that connects their compensation to getting private lenders. Other states won’t even let you do that unless the people you’re compensating are registered or licensed broker/dealers.
Public Offerings- What does that mean?
It’s easiest to explain what it means by explaining what a public offering isn’t.
Generally, any offering that is not exempt under the private offering exemption of the securities act of 1933 (Regulation D) is a public offering. This means that if you aren’t using an exempt offering, as we talk about in the course materials, then you are getting involved in a public offering. Each and every state has its own definition of exempt offerings and these aren’t considered to be public offerings.
Exempt offerings are what open the door for you to run your real estate investing business successfully and in compliance.
In Summary, remember securities laws and regulations offer you many opportunities to do your real estate investing business and stay in compliance. Yes, there’s going to be some paperwork that goes with these laws and regulations. It’s just part of doing business, and that’s what Alan’s course is all about, helping you start your business the right way and successfully.
E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Since 1995, Alan has bought and sold hundreds of single family and small multi-family investment properties in Springfield, Ohio. Alan uses Private Lenders, not banks, to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for situations where the seller, the lender, and the eventual homeowner can all “Win”. He is not a Realtor, but a Private Investor, author, consultant and national speaker. He has been asked to speak on the topics of ‘Investing for the Beginning Investor.’ and ‘Finding Private Lenders.’ His home study system, ‘Private Lending Made Easy’, shows new and seasoned real estate investors how to find private lenders for their own real estate business.
His website is http://www.truthaboutprivatelending.com
Virtual Private Server (vps) with Web Interface, for MetaTrader Forex
August 17, 2010 by TRS
Filed under private lenders
BostonTechVPS.com provides Virtual Private Servers set up to run automated trading Expert Advisors using MetaTrader, with an easy to use web interface. Access the secure server remotely from any computer with Internet access, 24/7.
Virtual Private Server (vps) with Web Interface, for MetaTrader Forex
Private Funds for Short Sale Flips
August 15, 2010 by TRS
Filed under private lenders
sellerfunding.biz Private Funds for short sale flips and REO bank owned foreclosure real estate investment. Thomas Bartke review of Private Funds program designed to close short sales and other flip transactions. Private lenders have funds available that you can use in your real estate investing. – private funds – private lender – equity partner – short sale – REO – bank owned – foreclosure – Home Seller Assist – John Alexander
why do private lenders always want money upfront for fees and why are they always from another conntry?
August 13, 2010 by TRS
Filed under private lenders
i tried to get a loan from a lender and he is from Africa and he told me that i have to send money for some kind of taxes before he can send the money to me. why can they just take the fees from the orginial amount of money the are going to send you? is that what the bank do? so why can they do the same thing.
Private Lenders Looking For Borrowers Of Personal Loans
August 11, 2010 by TRS
Filed under private lenders
When most people think of where they want to borrow money or take out a personal loan, they imagine visiting a stuffy old banker in a cramped little office. But more and more borrowers are learning that they can save a ton of money on interest charges and fees while getting the personal loan they need from a private lender.
Private Lenders Are Seeking You Out
A private lender can be an individual or company who wants to invest their money by making personal loans to other individuals. Although these private lenders are not affiliated with a lending institution (usually), they have capital to invest and want to try their hand at financing personal loans.
A personal loan from a privat
Money For Any Purpose You Might Have
Your personal loan from a private lender can be used for any purpose you might have. Some borrowers use the money to catch up on bills, buy a car, take a vacation or cruise, pay for a dream wedding for their child, or start a business. Others may choose to consolidate their debt or pay down higher interest debt.
Borrow Up To $50,000
Nearly any amount of money is available in the form of a personal loan from private lenders. Typical borrowers of this type of loan take out a principle amount anywhere from $1,000 up to $50,000, depending on their needs and their ability to repay the private lender. When deciding how much money you should ask for, take into account exactly the amount that you can reasonably repay the private lender. Remember, although a private lender is not a lending institution, they can seek a judgment, repossession, or foreclosure upon your assets if you fail to honor the terms of your agreement.
To secure your personal loan< from a private lender, you will be asked to allow the private lender to place a lien against an item of value that you have proof of ownership on. Most of the time, this item is your home. When you have completely repaid your private lender, the lien will be removed. Keep in mind that your private lender will have all the rights that a traditional lender would have to ensure repayment.
The interest charged on your personal loan from a private lender will usually be less than or comparable to what a bank would charge you for the same loan product. In fact, most personal loans from private lenders carry far less interest charges and reduced (if any) fees on your personal loan. In addition, private lenders have great approval rates. You can find many private lenders online who are willing to loan you money now.
Lara Sawyer is a professional loan advisor used to solving bad credit problems and helping people secure home loans, carloans, personal loans, unsecured credit cards, home equity loans, refinance mortgage loans and plenty of other financial products. Whether you want to learn more about Poor Credit Loans and Unsecured Loans or find information about other loan types, just visit: http://www.fastguaranteedloans.com/
Find Private Lenders Now
August 9, 2010 by TRS
Filed under private lenders
Created on July 28, 2010 using FlipShare.
When is it time to fire your private lender from your real estate business?
August 7, 2010 by TRS
Filed under private lenders
WAIT A MINUTE ALAN! We’ve spent all this time and effort to get private lenders and now you send us a newsletter on firing them! What are you thinking?!
Well, stay with me here and I’ll explain. I love my private lenders. We get along great and I make sure of that. Up to this point we’ve talked about how to attract and keep private lenders and many of our future newsletters will continue with information just like that. If you don’t have private lenders at this point, being selective about them may be something you’ve never even considered.
Once you’ve done your homework, gotten your real estate education, and taken all the steps needed to attract private lenders, you could quite possibly have many of them offering to do business with you. This is an awesome position to be in and gives you a great opportunity to work with some pretty fantastic folks.
What are some scenarios where I might not work with a private lender who is trying to throw wads of cash at me?
1) They want to be too involved.
2) They want to loan a great deal of money.
3) You simply are not ready to go to the next level.
Let’s look at each of these a little more closely.
1) They want to be too involved…
I’ve spent tens of thousands of dollars on my education and have been in the business for over 9 years, I know how to do this business. I have definite ideas about the way I want to run my Real Estate business. I attend at least one seminar almost every month. I’m always striving to learn and to improve.
Sometimes a well-meaning soul will want to “help” me by offering advice in an area where frankly, I’m an expert, and they have little or no experience.
You are going to run into these folks. This is where you need to have a solid education so you don’t get sidetracked. I can work with most private lenders. They give me money; I send them interest payments.
Let’s be clear on your private lender’s job. Their job is to write a check and then set back and wait for a bigger check.
It is the American Dream.
Once in awhile you will find that someone wants to work “with” you and maybe even be a partner.
They believe that the money they invest in your business gives them the right to offer advice and they expect you to take it, in the way you run your office, what properties you purchase, what rehab workers you hire, and so forth.
Just be aware that some folks will want to be a partner and if this is not what you want, be prepared to correct the situation before it goes too far in the relationship.
To be honest, I stop it on DAY ONE.
My advice is to always be professional about it. I’m gracious. I simply explain my position and my rational for what I do.
2) They want to loan a great deal of money…
Gee, talk about the American Dream.
Sounds pretty good doesn’t it? You’ve probably thought, “Hey, if I could find just one lender with a ton of money, I’d have it made.” Well, let’s look at this a minute. You’ve heard the saying that putting all your eggs in one basket is a bad idea. Having one lender is like having all your eggs in one basket. Life can change in a heartbeat and if that one lender needs to quickly pull out his or her money you are out of business!
Today, one of my private lenders died.
She had retired from her job of 20+ years in September and invested her retirement funds with me in October.
What if she was my only lender with millions loaned?
What decisions are her beneficiaries going to make?
Thanks goodness she was not my only lender.
If you have ten solid lenders and one has to pull out, you simply make adjustments (replace one lender’s funds with another) and continue business as usual.
Having multiple lenders makes your business more secure.
3) You simply are not ready to go to the next level…
a) Maybe you are satisfied with where you’re at
OR
b) Maybe you haven’t done your 1st deal and you don’t want to go out and promise folks you’ll get their money working and then find out you can’t perform.
If it is the 2nd item, let’s talk about it.
The other day I did a teleconference with another national speaker.
We got asked the question…
“What would you do first, find a deal or find private money?”
He said “Find a deal and then go find the money because it gives you the incentive to make it happen.”
I answered just the opposite because having private money will give you the confidence when you make offers that you are going to be able to close.
E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Alan is a full-time Real Estate Investor, investing in single family and small multi-family properties in Springfield, Ohio.
Since 1995, Alan has bought and sold hundreds of investment properties. Alan uses Private Lenders, not banks; to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for “Win – Win” situations, where the seller, the lender, and the eventual homeowner can all “Win”. He is not a Realtor, but a Private Investor.
Alan has served as an elected official to the Board of Directors for the Clark County Property Management Association. He is an author, consultant and national speaker. He has been asked to speak on the topics of
Private Lenders In Real Estate Investing
August 5, 2010 by TRS
Filed under private lenders
Many real estate investors have never heard of or are not well versed with the term private lender. They may be all too familiar in their dealings with banks, having their credit pulled, and waiting 30-45 days to close on a property. That is a standard purchase and as a real estate investor, you should not look to be standard but creative. As you move along in your real estate investing career, you start to realize that there has to be a quicker way to purchase properties without all of the red tape. So you start to learn about hard money lenders.
Typically, a hard money lender will require an application fee, an inspection or appraisal, 5-7 points on the amount borrowed, and an interest rate approaching 15-18% when lending on investment properties. Yes, there are plenty of different terms depending on the hard money lender but all in all, you’ll most likely see figures like those represented above. Recently, some hard money lenders require a pull of your credit report and score. Ummmm… if I want my credit pulled, I’ll go to a bank. Along the way the hard money lender might have “draws” where you wait to receive a portion of the rehab money while the property is re-inspected. If the re-inspection goes well, you’ll get more money to rehab. Loans are often held up to six months and the hard money lender will want to see that you have a couple of exit strategies. This basically means that you either sell the property or have the credit score to refinance (if I could refinance, I would have bought it through the bank anyway).
Private lenders are a different breed. They are sometimes called a private money lender or private investor. A private lender usually requests to remain a silent partner. This private money lender can be a family member, friend, someone that you’ve met through networking, or perhaps through your marketing efforts. Although they may lend money to you, they have no intention of swinging a hammer or going to the local hardware store to help with your rehab. Whereas a hard money lender has an application fee, looks for points, and high teens as an interest rate, most private lenders are satisfied with making 10-12% on their money. To them, it sure beats 1-2% on a CD and what we’ve seen with the stock market over the past 2 years. They lend money realizing the risk/reward and the individual or company that they deal with. So how might you convince a private lender to work with you? Actually, you should not have to convince anyone. As a real estate investor, simply show them work that you have done in the past, complete with pictures, videos, and all numbers (buy, rehab, sell) that go along with the properties. If a potential private lender can equate what you’ve done in the past with what you may be able to do in the future, your past actions will speak for themselves.
Having access to a private lender (or number of private lenders), allows you to make cash offers on properties. A cash offer equates to a lower offer in today’s market. A major plus is where the real estate investor is dealing mainly with foreclosed properties, the banks that own these properties would like to see a quick sale. So, a real estate investor who works with a private lender may offer $50,000 cash on a property. Another buyer may come along and offer $55,000 but this individual will need to get a loan. The bank is more likely to take the cash offer. So long as the private lender has access to cash and can close within 5-7 days if need be, working with such a lender is a dream come true. Just find the property, take the scenario to the private lender, and close quickly. In this business you can’t steal (meaning get a property before another investor or buyer grabs it up) in slow motion.
Paul Tomlinson is a real estate investor who combines forces with private lenders to purchase, rehab, and sell properties in the Chicagoland area.
anyone know where to find private lenders for real estate investors?
August 3, 2010 by TRS
Filed under private lenders
me and my partner have been ivesting in real estate for awhile now and are lookin to find private lenders to invest with us..we seem to have hit a wall on this and dont know where to look anymore.just lookin to see if anyone has any leads
Any private lenders that deal with bad credit loans?
August 1, 2010 by TRS
Filed under private lenders
I need a loan to cover my school tuition and I do not have a credit-worthy co-signer.
Why do all the private lenders give a yahoo email address?
July 30, 2010 by TRS
Filed under private lenders
Almost every person who has replied back to someone needing money has used a yahoo email address. I have checked most of them out and they have been scammers. Most claim to be legitimate but are Nigerian gangs based in Spain and other foreign countries other than Nigeria and United Kingdom.
Stop Foreclosure – How To Find Private Lenders
July 30, 2010 by TRS
Filed under private lenders
www.CashMoneyQuick.com Stop Foreclosure – Here’s Money for Foreclosure Investing! FREE Digital Book -Where to Find MILLIONS in Private Money Lenders FAST! Instantly download yours by going to the site above!
Lifting the fog on SEC rules regarding private lenders and real estate
July 28, 2010 by TRS
Filed under private lenders
Every now and then, I have students ask me if my home study system is compatible with SEC regulations…
Yes, it is compatible.
I realized, for the benefit of my students, I needed to address these folks concerns.
While speaking all over the nation, meeting thousands of real estate investors the past couple of years and getting ask these same SEC questions, I realized that there is a lot of confusion concerning SEC regulations vs private lending.
The confusion seems to arise because of the following:
1) Each state establishes its own regulations and exemptions. Therefore there are different guidelines depending on where you live.
2) If you cross state lines with your private lending, i.e. houses in one state and lenders in another, the Federal SEC regulations come into play.
3) There are a lot of half truths floating around and when people hear these, they get confused and possibly fearful.
To be better equipped to answer everyone’s questions, I decided to hire and attorney to do some research. Since each state is able to establish their own regulations, I decided to have the attorney start his research with the state of Ohio.
Some highlights while working with my attorney:
1) In Ohio I can acquire up to 9 private lenders without having to file any paperwork with the state. Once I file the proper paperwork my number of lenders is unlimited.
Different States have different numbers and most are higher than Ohio.
2) As long as my properties and lenders are in Ohio. Just the state regulations apply. If I have lenders and or houses in different states then the federal SEC regulations apply.
3) If I go over 9 lenders, the paperwork I need to file with the state is very very simple.
4) I need to give a disclosure statement to potential lenders.
5) I can only pool lender money if I file the proper paperwork.
6) Can’t use the word ‘guarantee’ in my advertising.
As a side note, some of you are under the impression, that the
SEC is out to cause you problems. The SEC is not the bad guy; they are looking for the bad guys. They want legitimate business owners to prosper. They are very willing to help you if you just ask. They just want you to comply with their regulations.
The following is some information from my attorney Ralph M. Sherman on SEC compliance.
Topic: What is a security?
The term ’security’ is broadly defined to mean ‘any certificate or instrument, or any oral, written, or electronic agreement, understanding, or opportunity, that represents title to or interest in, or is secured by any lien or charge upon the capital, assets, profits, property or credit of any person or of any public or governmental body, subdivision or agency.’
That’s the language used on the website of the Ohio Division of Securities.
This definition includes such common items as shares of stock, warrants and options, promissory notes, membership interests in limited liability companies, bonds and debentures. Limited partnership interests are considered to be securities, while general partnership interests are generally not considered to be securities. The statutory definition additionally includes the term ‘investment contract,’ which has been construed by court decisions to include numerous investment opportunities and business opportunities, which at first glance may not appear to fit within the definition of ’security.’
Topic: Does that mean private lending may be considered securities?
When you are borrowing money from private lenders, you are offering them a security. You’re making an IOU to them, by borrowing their money and promising to pay them a fixed interest rate over a certain time period or when the sale of a property is concluded.
When a company sells shares or stock, it’s giving the purchaser of the securities an ownership interest. Shareholders make their money when they get dividends on their investment or when they sell their stock. Private lenders are lending you funds and they make their money by receiving the interest rate you’ve promised them.
Ohio and most other states allow securities to be offered to investors when they are either registered or offered under a proper exemption from registration. Securities laws do define debt as a type of security. This means that your business has the same kind of opportunities as businesses that sell shares of their company to the public. It also means that securities laws and regulations apply to the business.
Topic: Who regulates securities?
Each state regulates investments offered to its citizens. The federal government, through the Securities & Exchange Commission (SEC), regulates offerings across state lines. This means that you’ll have to look at the laws and regulations in your state when you’re only working with private lenders in your state. If you’re working with folks across state lines, you’ll need to comply with the laws in each state you’re working in and comply with the SEC’s rules too.
Topic: What about advertising?
It’s important to understand that each state sets its rules for advertising investment opportunities, which includes private lending. Every state has opportunities for you to advertise to bring in private lenders. You will need to file some paperwork.
By doing this, most states will allow you to advertise to private lenders and grow your business.
Topic: What about advertising across state lines?
As you’ll see in the course materials, this kind of approach is referred to as a
Reg. D offering and we suggest you use the approach under Rule 504 of
Reg. D. If you’re looking at using this approach to reach out to private lenders outside of your home state, it is possible to advertise to private lenders.
You would use a state exemption that allows you to advertise and only advertise to accredited investors. Accredited investors are defined elsewhere in this package of information. As a reminder, the Securities Act of 1933 has several definitions of accredited investors. The most important for your business are likely to be these two:
1.a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
2.a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
Topic: What sort of disclosure should I give my private lenders?
When you are reaching out to private lenders, whether it’s just a handful or a large group, it’s very important that you disclose the risks and benefits of the private lending opportunity you’re offering them. There are several reasons you should do this. Some are for the benefit of your private lenders, who will want to know what your business is and how they can make money lending to you.
Securities laws also work to protect private lenders, so you must disclose to them what the potential downsides are. These might include how long it will take to sell a property; mortgage rate changes, housing market pricing fluctuations, or the cost of rehabbing a property. There are others you’ll want to mention.
Disclosure documents will also help you protect yourself and business against possible claims that you didn’t describe the business properly. A strong disclosure document will help you protect your reputation and protect you against frivolous litigation. It will also help you comply with securities laws and regulations and, should you get a question from a regulator, help you demonstrate to them you are working to be in compliance.
Topic: Commissions
The bottom line on paying commissions is: don’t. Unless you are using a proper registration or exemption and using a licensed or registered broker/dealer, almost every state prohibits paying commissions for the sale of securities.
Now, in Ohio, it is possible to pay someone to help you get potential private lenders to a luncheon, but only if you pay him or her whether or not these folks end up lending you money. That means that you can’t pay them based on their success rate or anything that connects their compensation to getting private lenders. Other states won’t even let you do that unless the people you’re compensating are registered or licensed broker/dealers.
Topic: Public Offerings
It’s easiest to explain what it means by explaining what a public offering isn’t.
Generally, any offering that is not exempt under the private offering exemption of the securities act of 1933 (Regulation D) is a public offering.
This means that if you aren’t using an exempt offering, as we talk about extensively in the interview and in the course materials, then you are getting involved in a public offering. Each and every state has its own definition of exempt offerings and these aren’t considered to be public offerings. We talk about some of these exempt offerings in Ohio and other states in the interview and in the course materials you’ve received.
Exempt offerings are what open the door for you to run your real estate investing business successfully and in compliance.
Topic: Doing Business
Remember, securities laws and regulations offer you many opportunities to do your real estate investing business and stay in compliance. Yes, there’s going to be some paperwork that goes with these laws and regulations. It’s just part of doing business, and that’s what Alan’s course is all about, helping you get into business and do it the right way and successfully.
Ralph M. Sherman, Esq., is an attorney who has been in practice for over sixteen years, working with small-business owners and entrepreneurs to raise funds and run their businesses in compliance with the laws, helping them to take advantage of the opportunities they find to build their businesses. Alan Cowgill has asked him to help his students understand how securities laws affect their business.
Special Notes from Alan Cowgill
The above is probably more information than most of you ever wanted to know about SEC requirements but I have found that the best way to eliminate the confusion is with knowledge.
E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Alan is a full-time Real Estate Investor, investing in single family and small multi-family properties in Springfield, Ohio.
Since 1995, Alan has bought and sold hundreds of investment properties. Alan uses Private Lenders, not banks; to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for “Win – Win” situations, where the seller, the lender, and the eventual homeowner can all “Win”. He is not a Realtor, but a Private Investor.
Alan has served as an elected official to the Board of Directors for the Clark County Property Management Association. He is an author, consultant and national speaker. He has been asked to speak on the topics of ‘Investing for the Beginning Investor.’ and ‘Finding Private Lenders.’ His home study system, ‘Private Lending Made Easy’, shows new and seasoned real estate investors how to find private lenders for their own real estate business.
His website is http://www.truthaboutprivatelending.com
Private Label Right Article Packages from Great Niche Content
July 26, 2010 by TRS
Filed under private lenders
Private label rights article packages. With good pre-selling, one affiliate is converting 1 in 25 hops. Get an easy 50% commission on any of the packages available. People are still very interested in using PLR articles. You make 50% on each sale.
Private Label Right Article Packages from Great Niche Content
Real Estate Investing Courses- Free Ebook- Find Private Lenders
July 24, 2010 by TRS
Filed under private lenders
www.CashMoneyQuick.com Got Private Lenders? FREE Real Estate Investing Course- Find MILLIONS in Private Money FAST! Bad Credit OK! Private Lenders Are Waiting For You! Read the Free ebook and discover the secrets
CompletePilot.com – Get Your Private Pilot License! (75% Comms+Upsell
July 22, 2010 by TRS
Filed under private lenders
Hot Seller! Converts at 8.3%. Earn $47.25 per sale with Oto and upsells! Brand New, Strong Niche & Few Affiliates To Compete With! CompletePilot = Over 3000 Groundschool Manuals, Guides, Test Prep and Flight Training Materials For Private Pilots.
CompletePilot.com – Get Your Private Pilot License! (75% Comms+Upsell
CAN I BE A SMALL PRIVATE LENDER?
July 20, 2010 by TRS
Filed under private lenders
information regarding a question frequently asked by Small Prospective Private Lenders I Want to Become a Private Lender but Dont Have Enough to fund the purchase of Property; whats the Minimum Amount Required to Take Advantage of the High ROI Opportunity? The answer is Most Private Lender programs have options allowing Small Private Lenders to participate in some sort of pool thereby giving them access to the high return opportunity if able to manage lesser amounts than those required to loan the full purchase price of a property as First Lien Holders. At OCF our Small Private Lender Program is designed with the smaller investor in mind able to fund at least $5000 which is secured by our Solid Corporate Note and backed by a pool of OCFs properties all at no more than a 75% LTV ratio. Interestingly enough is the fact that Small Private Lenders in our program earn 25% more than our First Lien Holder Private Lenders! Thats due to the perceived higher risk but consider this: its such a big enough difference that some of our Private Lenders with enough cash to lend the full purchase price of a property as First Lien Holders opt instead to join in as Small Private Lenders spreading their available funds in as many $5000 Notes as they can so as to optimize their returns by a huge 25%! At OCF First Lien Holder Private Lenders earn 3 times the *Highest Interest paid by the banking industry. *As published daily at BankRate.com (High Yield Rates) Small Private Lenders on the other …
Instant Private Label Rights With Master Resell Rights & Bonuses
July 16, 2010 by TRS
Filed under private lenders
Brand New Private Label Rights. Now You Too Can Make A Fortune Online Using The Magic Power Of Private Label Rights And PLR Products. A Killer Reseller Site. Affiliates earn 70%. Affiliate Tools At: http://tspcentral.com/affiliate_program/instantplr .html
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How Do You Become A Private Lender?
July 14, 2010 by TRS
Filed under private lenders
Presentation shows how private lenders can earn double digit returns on their money by investing in real estate.
Things You Must Consider When Working with Private Lenders
July 12, 2010 by TRS
Filed under private lenders
The beautiful thing about using private lenders for your real estate investing business is that you get to set the terms by which you borrow. But what terms will you set? It is necessary to design a lending program that will not only offer competitive terms to your private lenders but that will also meet your business’s needs. What interest rate will you offer? Will you offer monthly payments of interest or a lump sum repayment?
How long will the term of the financing be? What will be your maximum LTV ratio when purchasing properties? How will you collect and collateralize your investors’ money? What documentation will you use? What sort of system will you use to keep track of all of your outstanding loans and their due dates? A substantial amount of thought must be given to these and similar questions in order for your private lending program to be effective.
One of the primary sources of private lending capital is funds from investors’ self-directed IRAs. Lenders with money in an IRA may not withdraw the money but may direct it towards chosen investments. For you as the real estate investor this means that there is some extra paperwork involved. In order to invest with self-directed IRA funds you must work with a custodian called a Third Party Administrator to handle the money indirectly.
Conversely, the loyalty of your lenders is your greatest asset as a real estate investor. Loyal investors lead to long-term profitable business relationships. Loyalty stems from satisfaction as well as special treatment. Making sure that your promises to your lenders are fulfilled is the first step. Whenever possible go above and beyond their expectations. This will ensure long-term loyalty from your lenders.
And don’t forget to make them feel special. Extra touches like follow up calls and thank you notes go a long way towards making someone feel like a person, which will help your lenders feel even better about doing business with you.
Also, I must importantly point out to you that as a purveyor of investment opportunities one organization that you should be aware is the Securities and Exchange Commission, or the SEC. The SEC is a federal commission that monitors the sale of securities, or investments. There are important distinctions that you should be aware of between selling shares in a business venture and borrowing money as a mortgage secured by real estate, but the details of making sure your are in compliance with the SEC should be left to your accountant.
Just be aware that if you are doing business within a single state then your activities will be of interest to that state’s version of the SEC, and if you are doing business between states then your activities will be of interest to the federal SEC. Your business team should include a good accountant and/or attorney who can see to it that all of the appropriate filing and registration requirements are satisfied.
Omar Johnson is a successful real estate investor and entrepreneur who offers a FREE minicourse on private lending for real estate investors. To sign up for free simply visit http://www.privatelendingfunding.com
Do you think any private lenders that give out personal loans are real?
July 10, 2010 by TRS
Filed under private lenders
I ask a question on yahoo about bad credit personal loan and my answers were some people told me about private lenders do you think they will scam me?
Private Label Rights 24 Hour Crash Course!
July 8, 2010 by TRS
Filed under private lenders
Discover How To Legally Steal Other People’s Work And Put Your Name On It! Start Your Own Profitable Internet Business In 24 Hours Using My PLR System And Grab 30 Hot Private Label Products Free! The Secrets Of Top Internet Marketing Gurus Revealed.
Private Label Rights 24 Hour Crash Course!
Private Lenders for Investing in Probate Property
July 6, 2010 by TRS
Filed under private lenders
www.CashMoneyQuick.com Private Lenders Looking for Probate Property! Find MILLIONS in Private Money Lenders FAST! Free Real Estate Investing Book Tells All! They are waiting to invest with you!
Do you know anyone here in California who are Private Money Lenders?
July 4, 2010 by TRS
Filed under private lenders
I wanted to help people who are facing foreclosures to pay their back payments and still stay at their homes….and of course, make a little profit during this process?
Approach a Private Lender to pay off back payments of those under pre-foreclosures (at a higher rate of interest) and let the owner stay at their current home and paying back the lender on a monthly basis.
Real Estate Investors: the 11 Top Ways to Find Private Lenders
July 2, 2010 by TRS
Filed under private lenders
I a sure you are aware the mortgage market in this country has collapsed. I do not mean “it is slow” or “down slightly”, I mean it has COLLAPSED. It is almost impossible for a home owner to get a mortgage and down right impossible for real estate investors to get traditional mortgages.
The solution for the next couple of years will be private lenders. But how does a real estate investor find private lenders. Well, finding a private lender is not nearly as difficult as people think. Here are the top 11 ways to find potential lenders for your real estate investing business.
1. Elevator Speech: Prepare a “60 second” elevator speech and network with everyone you know including friends, family and business associates. Spread the word you are looking for investors.
2. Real Estate Investment Clubs: Join your local REI group and network and spread the word you are a real estate investor and looking for private lenders to invest in your deals.
3. Join professional networking groups: You can join networking groups like BNI and be sure to join and deliver your “60 second” elevator speech at opportunity.
4. Postcards: You can purchase lists of high net worth individuals and send a postcard inviting them to call you to get free information form you or attend an informational seminar about your real estate investing business and private lending.
5. Letters: Send letters to a high net worth list as above or send it to people that have already called or emailed you from your postcards.
6. Small Local Newspaper Ads: You can place ads in small newspapers offering the reader to attend an educational seminar or request a free report.
7. Flyers: Post flyers at senior centers and areas where high net worth people attend and traffic.
8. Speeches and Presentations: Offer to give a 30 to 60 minute educational presentation about real estate investing and private lender.
9. Senior Center Newsletters or Newspapers: Advertising in senior center newsletters, newspapers or even bulletin boards can be a productive way to get potential lenders. Again, be sure to offer free information or invite people to a seminar and provided good information.
10. Law Journals: Most counties and large cities have weekly or monthly journals for the local lawyers. You may want to consider advertising in your county’s journal offering to help the attorney with high net worth clients and possible better returns than they are currently getting on CD’s or money markets.
11. Internet: You can spread the word through social networking sites like Twitter or Facebook. However, I strongly urge you to simple offer to provided educational information and do NOT make an offer to borrow money through internet sources. Advertising directly through the internet will attract attention form your state SEC department and I assure you that this is not the attention you want to attract.
12. Bonus Tip: Talk, Talk and More Talk: Talk to everyone and spread the word about what you do and what services you provided.
I invite you to learn more about Private Money Lending and 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 and creator of the Private Lending Presentation Kit. To learn more about this kit go to Private Lending Presentation Kit.
Private investor lending for rehab loans, private lenders.
June 30, 2010 by TRS
Filed under private lenders
www.privatelendinged.com explains whether the real estate investor make money prior to the property being fixed up or if all the profits come at the sale or lease of the property.
Do Hard Money Lenders – Investment Loans With No Monthly Payment
June 28, 2010 by TRS
Filed under private lenders
Ryan, a hard money lender, tells importance of a good hard money lender who allows no Monthly Payments on investment loans. Hard Money lenders like these are hard to get because other private lenders are always changing their guidelines which change the complete scenario. For details visit www.dohardmoney.com DoHardMoney FAQ For Real Estate Investors www.dohardmoney.com DoHardMoney Intro to Hard Money Lending: www.dohardmoney.com DoHardMoney Video Blog: www.dohardmoney.tv DoHardMoney Real Estate Resources: www.dohardmoney.com
Are there private lenders out there to help a hard working woman?
June 26, 2010 by TRS
Filed under private lenders
Where can I find a loan with poor credit rating? I have a loan with a lender, but, it’s at such a high interest rate and need to get my payments cut. Banks don’t want to talk to me and I don’t want a payday loan. (No Nigerian lenders, please). I’ve tried Prosper (have a current listing), but no bites, yet. I’m already working 2 jobs and do not want to file for bankruptcy. Divorce has put me in dire straits. Is there ANYONE out there that can help?
Money lender, private lenders, investment property
June 24, 2010 by TRS
Filed under private lenders
www.privatelendinged.com explains max loan to value (LTV) for investing in real estate. Private lenders, learn how to profit from lending money and real estate investment.
Plr Dashboard For Private Label Rights!
June 22, 2010 by TRS
Filed under private lenders
Earn Huge 75% Commissions Giving Away Our Free Private Label Rights Content Management Software!
Plr Dashboard For Private Label Rights!
Facebook Ads Guide Private Forums.
June 18, 2010 by TRS
Filed under private lenders
Super Affiliate Jonathan Volk Has Added A Private Forum To His Super Successful Fb Ads Guide! Jonathan And His Team Will Be Offering Top Notch Support To All Facebook Advertisers Who Join. Http://fbadsguide.com/private-forums/affiliates.
Facebook Ads Guide Private Forums.
Real Estate Investing Seminar – Free – Find Private Lenders
June 16, 2010 by TRS
Filed under private lenders
www.CashMoneyQuick.com FREE Training- Find MILLIONS in Private Money FAST! Bad Credit? OK! Perfect for Investing In Real Estate! Private Money Lenders Are Waiting For You! FREE ebook shows you how…