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 over 200 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.
Over the past ten years, Alan Cowgill has perfected nine methods for attracting people with money, winning their confidence, and turning them into private lenders. He’s acquired over 200 properties, and since 2002, he’s financed 100% of his purchases and renovations with private money.
Today, Mr. Cowgill has $2+ Million of private money invested in roughly 60 houses and small apartment buildings. No wonder he’s interviewed alongside Donald Trump in the book Walking With The Wise Real Estate Investor.
Industry leaders call him the #1 authority on attracting private money, and compete with each other to book him at their conferences. Investors always pay a premium to see Alan speak. For example:
-
When Dave Lindahl featured Mr. Cowgill at his “Apartment House Riches” Boot Camp, investors paid $2,995 to attend.
-
When Ron LeGrand featured Mr. Cowgill at his 5-day “Massive Income Strategies” Boot Camp, investors paid $4,995 to participate.
-
When Scott Scheel featured Mr. Cowgill at his 5-day “Commercial Property Academy”, investors paid $4,997 to participate.
Last year alone, Mr. Cowgill spoke at 38 conferences and boot camps. These events consistently sell out, with anywhere from 150 to 400 investors attending.
|
Order Alan Cowgill's Private Lending Made Easy for ONLY $1497 or Use Our 100% Secure, Toll-Free Order Line 888-212-6567 |
How Private Money Can Make You A Millionaire:
Impossible Dream Comes True
For Real Estate Investors
Imagine it is two months from now. Your local competitors can never seem to line up financing fast enough. In fact, many of them are afraid to make offers because they don't know how they’ll finance the deals. But you have an unfair advantage...
You’re surrounded by dozens of private lenders, ready and eager to finance your real estate deals. We’re talking about regular people who love getting a good return on their investment dollars.
And now that you’re free from using banks, hard-money lenders, and your personal funds, there’s no limit to the number of properties you can buy!
Friend, with the methods you’re about to learn, you too can have millions of dollars waiting in the wings – without jumping through hoops for bank loans, being ripped off by hard-money lenders, or getting blown off by sellers who fear creative financing.
If you have private lenders now, you’ll learn to attract so many more that they fight to loan you money. And once they’re in competition, they’ll gladly accept a lower interest rate. (After all, their only safe alternative is a CD that pays 3%!)
But your credibility is a huge factor. Without the right approach, you could be dismissed as a “fly by night”, wreck your precious lending relationships, or get trampled by the S.E.C.
Alan is going to show you how to duplicate both his and his protégés strategies. You’ll learn to avoid the pitfalls. You’ll discover his bulletproof methods for attracting private lenders, showing them that you’re competent and credible, and winning their trust.
 “Alan, with your methods, I was able to raise over $200,000 in 2 months from 3 individuals. They wanted 1% a month to let us use their money for Rehabs. Then we came across an opportunity to buy a luxury home for 45% LTV in excellent condition. I offered some cash up front and to take over the payments. They said OK, so I used your techniques to raise $400,000 from one person. We now live in this huge 8200 sq. ft house with over $2,000,000 in equity!
The cool part was we only needed $300,000 to close so I got to keep the other $100,000 for holding the property until we refinance it. Then I'll cash out the 1st and the 2nd and get over $1,000,000 in cash. We'll live here, add some improvements and sell in 2 years for a $3,000,000 profit!” -- Bob and Brenda McDowell, Scottsdale, AZ |
Why Seasoned Investors Never Use Banks
You were probably drawn to real estate for the profit potential. But if you’re like us, you also love being your own boss, calling your own shots, and making your own rules.
So why let banks decide your fate? Why have your hands tied by their strict underwriting guidelines? Why jump through hoops to prove that you’re a good risk?
Good credit, doesn’t guarantee anything. Alan once waited 4-1/2 months to get a bank loan approved. If the seller had been impatient (which is normal), he would’ve lost the deal.
The bottom line is, you can’t count on your relationship with a banker. Alan did, and then one day the “regulators” came in and blocked his bankers from doing investor loans. That shut him down instantly.
Here’s what happens when you’re at the mercy of banks:
 |
You lose the hottest deals. That’s because banks can’t finance them fast enough. Distressed sellers need cash today, not in 30-60 days. |
|
|
You’ve got to cough up a 20% down payment. So your personal funds are always tied up, crippling your cash flow and limiting the number of properties you can own at once. |
|
|
You’re nailed with excessive points and loan fees. |
|
|
You can’t finance properties with water damage, missing furnaces, old electrical systems, or anything unusual. Banks are too picky about which properties they’ll finance – and you’re constantly at the mercy. |
|
|
You’re crushed by backbreaking monthly payments – and often stressed out by negative cash flow. |
|
|
You could be approved at first, only to have the underwriters change their minds at the last minute. |
You’re also disqualified from borrowing when you own “too many” properties, leave your salaried job, or don’t have perfect credit. And when you want to finance high-priced properties, such as lakefront houses or apartment buildings, even good credit and income may not satisfy the bank.
Banks might have worked until now. But the moment you quit your day job – or start buying “too many” properties – you’ll lose your ability to borrow from banks.
Here’s are recent emails that demonstrate this point:
|
“I have a contract on a property that’s supposed to close in a week... The contract is for $58,500, the fix up is $24,000 and after repair value is $115,000. (So my profit should be $32,000). Today I got turned down from the bank I’ve been doing business with for 5 years. They said I needed one of my properties to sell before they would loan me more money. That means I’m losing this deal and my business is now shut down.” -- David Edrington, Maryville, IL
“We rehab houses and have a line of credit for $200,000 with our local bank. We are constantly running out of money and can't get an increase because ‘this type of property is a little on the risky side for some of the people on the loan committee’. Alan, I’ve absolutely devoured your information and have come to realize that this is what has been missing in our investing routine.” -- Jill Recker Fruitport, MI |
|
Order Alan Cowgill's Private Lending Made Easy for ONLY $1497 or Use Our 100% Secure, Toll-Free Order Line 888-212-6567 |
Never Again Be Handcuffed By “Creative Financing”
In those rare cases where a seller agrees to owner financing, lease options, or “subject to” financing, these creative techniques are great. They free you from using banks and hard-money lenders. But let’s be honest.
When you sell a property, which do you prefer… terms that leave you cash-poor (with ongoing risk if the buyer defaults)… or an all-cash offer? Most sellers are like you. They want closure. They want all cash. When you rely on creative financing...
|
|
You lose the hottest bargains – because investors with “all cash” always beat you to the punch. |
|
|
You can’t buy REOs with creative financing. |
|
|
You can’t close on most of the deals you find – since 90%+ of sellers are afraid of seller financing. |
|
|
You usually pay a higher price. When sellers concede to creative financing, they usually demand higher prices. Those inflated prices eat into your profits – and the experts who teach these methods are the first to admit it! This method is impossible in a hot seller’s market. |
|
“I had my first private lender within three weeks of learning Alan's system. Now after a few months, I have four private lenders totaling around $180,000 and I pay as little as 6% on their money.” -- Samuel Coachman, Stone Mountain, GA |
Get All The Money You Want From People, Not Banks – And Get It Faster And Easier, With No Monthly Payments Or Borrowing Limit
With private lenders, you set the terms. So why not eliminate monthly payments – and let the interest accrue until you sell?
With this approach, you can finance every deal with other people’s money, and never pay back one red cent until you collect your profit!
Think about it. When we’re flipping houses and only need cash for a few months, the cost of borrowed money is far less important than its availability. And since payment-free loans are a Godsend for cash flow, Alan and his protégés happily offer 10-12% interest to lenders who provide these loans.
If 10-12% sounds high at first, compare it to the traditional way of eliminating monthly debt payments. We're talking about equity financing. That’s where you find a money partner who finances your purchase and gets half the profit!
With payment-free loans, you come out far better. The extra interest you pay is nowhere near the 50% you’d pay an equity partner. Yet you still enjoy the unique advantage of equity financing:
You can hold dozens – or hundreds – of properties at once, without drowning in negative cash flow.
Once you can grow your real estate portfolio without limits, imagine the phenomenal upside. A few extra points of interest (paid out of your sale proceeds) will feel like pocket change. And remember that you’ll have no points, no pre-payment penalties, and virtually no closing costs. These savings further offset the extra interest.
How To Borrow At Even Lower Interest Rates
Of course, people who need monthly income will accept less interest. (After all, their only safe alternative is a CD paying 3-4%.) So if you offer them the usual monthly payments, many will loan you money at even lower rates.
If you plan to hold a property for several years, an 8% loan will attract many private lenders. Sure, a bank’s rate may be lower. But that bank loan is worthless if it doesn’t fund fast enough, you don’t have the down payment, or you lose the deal to someone with all cash.
What’s more, the hypothetical “savings” of that lower interest rate is gobbled up by the bank’s inflated points, fees, and closing costs. (Not to mention pre-payment penalties later on.) You might have to hold the property for a decade to offset these overblown costs!
With 100% financing from private lenders, you can pay cash for houses and get them dirt-cheap. You can even borrow the money you need for renovations. So you can beat your competitors to the punch, then get your properties fixed and sold quickly. Best of all.....
You have zero out-of-pocket costs!
|
Order Alan Cowgill's Private Lending Made Easy for ONLY $1497 or Use Our 100% Secure, Toll-Free Order Line 888-212-6567 |
Don’t Let Overconfidence Damage
Your Priceless Lending Relationships
From time to time, Alan gets emails from overconfident investors who heard him lecture at a real estate conference, and then jumped the gun. Excited by the benefits of private money, they ran to their friends and relatives for loans, only to be snubbed.
When tested with specific questions, they stumbled. They burned their bridges because they didn’t know the right way to “position” themselves and win the confidence of prospective lenders.
Please don’t make this fatal mistake. Once you burn your relationships, it’s very hard – if not impossible – to salvage them. Why risk being caught off guard with questions you can’t answer?
Why gamble away your hard-won relationships?
If you make the wrong first impression, you’ll be dismissed as an amateur or fly-by-night. And you’ll find it very hard to change that perception later.
Just knowing that it’s possible to borrow from friends and colleagues isn’t enough. Lenders need to trust you to complete your renovations, make timely loan payments (if there are any), and pay off the loan balance as agreed.
If they’re worried about the safety of their investment, even a 12% return won’t convince them. And you can burn your bridges by approaching them the WRONG way. To come across as credible and competent, you must be ready to answer all of their questions.
That’s why Alan created a foolproof step-by-step system for attracting all of the private lenders you’ll ever need. It’s called....
Private Lending Made Easy: The Advanced System.
Once you’re armed with this bulletproof system, you’ll have the
power to make prospective lenders line up at your door, win
their trust, and create a limitless supply of money –
ready to be loaned on your terms.
Now let’s look at the specific components of The Advanced System:
|
COMPONENT #1 is a CD-ROM with five magnetic marketing tools that’ll make your phone ring off the hook with prospective lenders. These are the same tools that Alan and his protégés have used to raise millions of dollars. And you can customize them with your contact info. |
|
|
“Elizabeth” mailer. This tri-fold mailer frightens stock market investors with the horror story of a woman – Elizabeth Jones – who lost over 30% of her retirement money, and was too old to make it up. Agitated with worry, they’re compelled to call you and learn more about your safe alternative. |
|
|
“Elizabeth” postcard: With a condensed version of Elizabeth’s story, this postcard grabs stock market investors “by the jugular”. It’s so compelling that a few mail carriers have actually written down my phone number (before delivering it), and later joined my circle of lenders. |
|
|
Postcard for people with CDs: This magnetic postcard agitates your prospects, reminding them that their crummy CD returns aren’t keeping up with inflation. |
|
|
Credibility brochure: This tri-fold brochure establishes your credibility, and lists the huge advantages of making loans secured by real estate. |
|
|
Newspaper ad: This time-tested ad works like magic. It drives prospective lenders to your doorstep, where they fight each other to be “next in line” to loan you money. |
Once you establish a track record, the lenders you’ve paid back will be anxious to loan you more money. You’ll start hearing from their friends and colleagues too. At this point, you won’t need to keep advertising.
But while you’re getting started, my blockbuster ads, postcards, and flyers will provide you with more prospective lenders than you can handle.
|
“Alan, I received your complete package 3 weeks ago. I ran ads 2 weeks in a row and received several responses. Most people I talked to wanted to meet one on one. The rest wanted me to schedule a seminar. I got one investor with $100,000 to invest out of the individual meetings. He has another $100,000 coming in the first of the year and is willing to invest that after we do a couple of deals together.”
-- Nate Brown, Johnson City, TN “At the first luncheon I hosted, I gave everyone a packet. It was only to practice, so I wasn’t expecting anyone to sign up. But out of 15 in the room, I signed up four! Without your system, I would not have known where to begin.” -- Charlotte Birchfield, LaMesa CA |
|
COMPONENT #2 is Alan's “Million Dollar Luncheon Toolkit”. It includes a CD-ROM with the six tools you need to pile up big loan commitments at every single luncheon… |
|
|
Power Point presentation: This 37-slide presentation turns “just curious” prospects into true believers. I spent over 100 hours developing this presentation, and it’s generated terrific enthusiasm ever since. It wins your prospects’ confidence and makes them eager to participate in your lending program. And when someone can’t attend your luncheon, you can meet privately and show it to them on your laptop. |
|
|
“Parade of Homes” slide show: With dramatic before and after photos of houses I’ve rehabbed, this timed Power Point slide show makes a great impression on prospective lenders. When you present this slide show, your prospects will assume that these are your rehabs – and that’s fine with me. If you prefer, you can say that these are “the kinds of houses” you invest in. Or say that they were rehabbed by one of your associates. |
|
|
Lender reassurance packet: Contains mouth-watering examples of how much money your lender could earn – by loaning you money and letting the interest accrue for five years. Also contains the four documents that secure lender loans: the promissory note, recorded mortgage, UCC-1 filing, and certificate of insurance naming the lender as mortgagee. This reassures your prospective lenders further – because it shows that you have their best interests at heart. |
|
|
Special Report: “How to Safely Grow $35,000 into $1,000,000”. This 13-page report has 15 questions and answers. It wins over even the most skeptical prospects, so you don’t have to. Reproduce it for pennies and give it to prospective lenders. It further entices them to loan you money. |
|
|
Private Lender signup packet: This strategically designed packet will give you everything you need to sign up private lenders, including a welcome letter, commitment form, and investment projection. |
|
|
Participation Form: When you pass out copies of this form, prospective lenders will tell you how much they want to loan you, when they’ll be ready, and who else they know with money to loan. |
|
COMPONENT #3 is Alan's closely guarded manual, How To Turn Your Luncheons Into Standing Room Only Presentations. In nine eye-popping chapters, you’ll learn how to turn every luncheon into a standing-room-only event, give a compelling presentation, and pile up loan commitments and referrals. |
In this detailed manual, you’ll receive:
|
|
The same step-by-step system Alan uses to pack his luncheon presentations with motivated prospects who are frustrated with their current investments. This foolproof system gets them begging to loan you money. |
|
|
Alan's ten secrets to a successful luncheon. Includes a bulletproof guide to setting up and leading your presentation for maximum results. |
|
|
A detailed checklist spelling out exactly what needs to be done the week before your seminar, the day before, the day of, and the day after. It also includes a reservation list, so you can keep track of who’s attending. |
|
|
"Talking points" for each of Alan's overhead slides. So you know what to say during each slide and why. These simple points will convince your prospects that loaning you money beats any other investment. |
The best thing about Alan's presentation is that it’s a soft sell method. So you’ll never have to corner your prospects, or pressure them into a decision. Alan's manual also shows you how to:
|
|
Rotate your newspaper ads for maximum response – and discover which section of the daily paper gets the biggest results on which day of the week. |
|
|
Blow the lid off your postcard campaign through repeat mailings. Find out how many times you should re-mail the same prospect, and how frequently. |
|
|
Four key characteristics of people you should mail postcards to – so your list broker can compile an ultra-responsive list. By the way, Alan will also give you his list broker’s phone number. |
|
|
Six ways to demonstrate credibility. Learn Alan's trust-inspiring approach to answering their questions – so you don’t make the wrong impression and scare them off. |
As a bonus, you’ll receive a live recording of Alan's luncheon presentation on CD. You’ll probably memorize it after one listening. But if you need more rehearsal, you can listen as many times as you like.
|
COMPONENT #4 is Alan's Prospect Exciter Package. Use it to get loan commitments from prospective lenders who can’t attend your luncheon. |
This package contains a compelling cover letter, sample promissory note, commitment form, and a list of the items securing your lender’s investment. Plus, mouth-watering examples of how much money your lender could earn over five years.
Finally there’s room for credibility boosters like testimonials and a resume. (And Alan will include his so you can model them.) And it’s all housed in a plastic “clamshell” case.
Most convincing of all is the blockbuster CD titled “A Safe Alternative To The Stock Market”. You won’t believe how well this audio CD motivates your prospects to loan you money.
Here’s an example:
|
“As I was putting my first luncheon together, a friend came over just to say hi and ask what I was doing. So I told her and she asked to listen to the luncheon CD and then the ‘Safe Alternative’ CD. Well she stopped by yesterday and said ‘I have $20,000.00 to invest’. I was belated because I had no idea she had any money at all, the way she portrays herself. Thank you very much Alan.” -- Clinton O'Grady, Lacey, WA |
You’ll get a CD-ROM containing all of the printer-ready documents you need to create your own Prospect Exciter Package. It also includes a cover insert for your clamshell, CD labels for “A Safe Alternative…”, and a template of Alan's double-sided business card. Plus, a license to reproduce everything!
|
COMPONENT #5 is Alan's “1-on-1 Deal Closer Toolkit”. So when prospects can’t make it to your luncheon – and the Prospect Exciter Package isn’t quite enough to win them over – you can easily close the deal in person. This Toolkit is also perfect if you prefer not to hold group meetings. |
|
|
A bulletproof checklist to prepare you for your meeting. Includes what to bring to the meeting, what to cover, and what documents to notarize and record. It also shows you how to update your bookkeeping software, amend your insurance policy, and reassure your new lender that he made a great decision. |
|
|
Phone scripts: when people respond to your ads, use these bulletproof phone scripts to excite them, reassure them, and compel them to meet with you. You won’t believe how eager and motivated they’ll be to meet with you. |
|
|
Meeting script: Memorize this script for your 1-on-1 meetings. Then you’ll be able to answer the toughest lender questions with confidence. You’ll know the right way to “position” yourself, overcome their skepticism, and win their trust. So even if you’re just getting started, you’ll come across as an “old pro”. |
|
COMPONENT #6 is a set of three spreadsheets (on CD-ROM) that’ll give you a daily snapshot of your business, saving you lots of time. |
|
|
Follow Up Report - This life-saving spreadsheet quickly and easily organizes the follow-up info for your prospective lenders. So your prospects will never fall through the cracks. You’ll never lose an opportunity because you forgot to follow up. |
|
|
Active Lender Report – Makes it easy to pay your lenders on time. Lists each lender’s contact info, the date money was loaned, the amount, and when interest is due (i.e. monthly, quarterly, or when the property sells.) |
|
|
Payment Schedule – With this report, you’ll never forget who to pay and when. It shows which payments are due on the first and fifteenth of each month, and lets you type in the date each payment is made. |
|
Order Alan Cowgill's Private Lending Made Easy for ONLY $1497 or Use Our 100% Secure, Toll-Free Order Line 888-212-6567 |
43 Secrets To Attract Qualified Prospects And Make Them Beg To Loan You Money
In addition to the bulletproof tools you’ve read about, The Advanced System has eight audio CDs that’ll transform you into a private money master. They’re divided into three components as follows…
|
COMPONENT #7 is “The Magic of Lender Luncheons”. On this priceless audio CD with Alan and apartment house whiz Dave Lindahl, you’ll learn how to:
Besides advice for making your luncheon attendees compete to loan you money, you’ll also learn how to:
|
You see....After making bad loans, banks are desperate to bail out fast. Once you’ve got private lenders ready with cash, you too can capitalize on their distress and make out like a bandit. You’ll also discover when in the month (and year) banks are most anxious to get bad loans off their books.
|
COMPONENT #8 is a live Private Lending seminar that will never be repeated – captured on six audio CDs. In this all day seminar, Alan teamed up with one of his early mentors, a private money monster. Armed with our insider secrets, you’ll have the power to: |
|
|
Collaborate with your mailing list broker to create an ultra-qualified list of local millionaires or high income earners who have money parked in CDs. Alan has raised over $2 Million dollars combining this blockbuster strategy with his magnetic postcards (the same ones you’ll receive). Of course, many of the respondents became “repeat customers”, loaning him money again and again each time he repaid them. |
 |
Use dirt-cheap mailers, special reports, “rotating” newspaper ads, and “drip” postcard campaigns to jam-pack every luncheon with qualified prospects. |
|
|
Reassure prospective lenders that you’re an expert on finding distressed properties, renovating them, and profitably reselling them. |
|
|
Make prospective lenders cringe at their bankers – by explaining how you “cut out the middleman” (i.e. Banks use CDs to borrow your prospects’ money dirt-cheap, but then loan it to property owners at higher rates). |
|
|
Never turn away money because a would-be lender can’t cover 100% of your purchase price. Learn to use second mortgages so these lenders can finance your renovations, or piggyback on top of lenders with more to loan. |
|
|
Use your “all cash” position to get rock-bottom prices on the properties you buy. |
|
|
Borrow the “frozen” money in your lenders’ IRA accounts – by helping them create self-directed IRAs. Screwing this up could irreversibly complicate your lender’s tax obligations. But don’t worry; with Alan's guidance, you’ll know how to choose the right forms and fill them out correctly every time. |
|
|
Stop watching your profits disappear because you can’t resell your properties quickly enough. Alan once had nine renovated houses sitting vacant for months, and the loan payments were eating him alive. Miraculously, he learned the secret to plugging this leak. This life-saving technique is guaranteed to stop your suffering too. |
|
|
Handle demanding prospects who want to micro-manage you. Alan has dealt with a few of these prospects, and his hard-won advice will save you from months of grief. |
|
|
Entice your lenders to loan you more and more money. With this strategy, Alan has many repeat lenders who are now loaning him 5 – 10 times their original investment. |
|
|
Position your loans as the only alternative to risky stocks and low-paying CDs. |
|
|
Assume the right “posture” so you never come across as begging for money – a perception that can really damage you. |
|
|
Create so much demand from lenders that you can slash your interest rate – and still have plenty of lenders lined up to loan you money! When you have too many private lenders, you can even turn away the ones who want too much influence on your deals. |
|
|
Quickly screen out prospective lenders who’ll be more trouble than they’re worth. Learn the magic words to pre-screen lenders so you'll be working only with easy going, qualified lenders. This one session can save you a lot of pain. |
|
|
Borrow with no down payment – using a property’s after-repair value to give your lenders security. Here’s how to get the “after repair value” of a property from your appraiser, and get lenders to accept this as “THE VALUE”. Then you can borrow the entire purchase price, plus enough for renovations, while still giving lenders the security of loaning “only” 70% LTV. For example, Alan recently bought a house for $22,000 and it needed $8,000 in repairs. The lender felt secure because he only borrowed $30,000 – less than 60% of the $51,000 after repair value. Yet he got all the money he needed to buy and renovate the house. |
|
|
How much interest should you offer your lenders? Learn to use your local “supply and demand” economics to make this decision. |
|
|
Should interest start accruing when you receive the lender’s money, or when you close escrow on the property? The former will make your lender happy (and likely to loan you more money). But the latter will save your butt if there’s an unexpected title problem. Take Alan's advice and you won’t have to grapple with this. |
|
|
Start conversations with a “magic” 30-second commercial that makes people eager to jump on your bandwagon. |
|
|
The second biggest frustration people have with CDs (besides the low rate of return), and how to make your loan program even more appealing – by keeping it clean of this burden. |
|
|
Should you route inquiries to your cell phone? Your voicemail? A live answering service? Find out which method Alan uses and why. |
|
|
Many prospects will think your offer is “too good to be true”. Learn to explain how private money helps you grab bargains before your competitors do, and negotiate rock-bottom prices. |
|
|
At the end of your luncheon, you don’t want to pressure your prospects. But if your “soft sell” is too soft, you’ll forfeit a lot of money. The solution: give your attendees these three choices. This keeps you from losing folks who are “on the fence”. It gets loan commitments from people whose assets aren’t liquid yet. And it generates a ton of referrals. |
|
|
The safest way to take money from your lenders, so there’s no mismanagement or even the perception of mismanagement. |
|
|
When someone with a ton of money to loan you demands a higher interest rate, should you make an exception? |
|
|
Prospective lenders may think, “Are you for real? What have you done?”. Here are five credibility techniques you can use to melt away their skepticism. |
|
|
After renovating, should you buy and sell, buy and hold, or lease option your properties? Alan has tried all three. Find out which exit strategy he likes best and why. |
|
|
Get a “cash advance” against your future profit – and go home with a check the day you buy a property – like Clark Fletcher did... |
|
“Alan, I had private lenders before, but your system has blown the roof off my business! I’m buying more houses than ever, and doing commercial property much easier. For example, I recently bought a foreclosure for $60,000. It needed $5,000 in repairs. So using your techniques, I financed it with $70,000 from a private lender at 10%. Instead of making a down payment, like I used to, I put $5,000 profit in my pocket the day I bought the house. And I’ll be selling it shortly for $120,000.” -- Clark Fletcher, Quincy, FL |
|
COMPONENT #9 is Alan's “Quick Start CD”. In this audio recording, Alan and his office manager walk you through his planning and advertising secrets – what Alan does “behind-the-scenes” – to guarantee that his luncheons are profitable standing-room only presentations. |
You’ll find these same secrets in Alan's manual, in the form of a 5-page foolproof check sheet. Here are some of the highlights:
|
|
Secrets to choosing the right location. Don’t let the wrong room size, too many distractions, or too little parking undermine your luncheon. The right location can boost your credibility. But some of the “obvious” choices could backfire on you. |
 |
The four qualities of investors most likely to attend your luncheon. For an ultra-responsive mailing list, give these criteria to your list broker. |
|
|
How to maximize the response to your postcard campaign. Should you announce your luncheon time… or make prospects call you for the time? Should you require reservations? What colors get the most attention? Which phrases should be in boldface? Get these answers and more. |
|
|
When to mail your postcards (relative to the luncheon date. |
|
|
Discover which is more effective: reaching a greater number of prospects with one mailing, or contacting fewer prospects repeatedly. |
|
|
Create a “doubly whammy” effect with your print ads. Plus: how long to run them, which sections of the paper to run them in, and which phrases to announce in boldface. |
|
COMPONENT #10 is a Question and Answer session (on two audio CDs) called "Advanced Tactics And Techniques For Structuring Private Loans”. In this in-depth Q&A, you'll learn how to: |
|
|
Ultra-motivate your friends and colleagues to send you referrals. This double whammy approach appeals to their pocketbooks AND their egos… because it increases their social status. Best of all, referrals from your friends are usually pre-sold when they call you. |
|
|
Structure your loans so that many more buyers compete to buy your property – driving up the price you receive. With the right terms, you’ll command a higher price. But you won’t have this flexibility if your loan is structured wrong. |
|
|
Choose the right exit strategy. Should you wholesale a property “as is”, fix it up for a quick profit, or lease option? With private money, you’re finally free to choose the best exit strategy – but no single strategy is right all the time. Discover how to make the right call in each situation. |
|
|
Entice more of your lenders to let their interest accrue. Once you’ve earned their trust, many will even let you hold their money, unsecured, when you’re “between” properties. |
|
|
Protect your equity from accruing interest and stay ahead of the game. Discover an “appreciating lease option” technique that’ll make your equity grow faster than the compounding interest on your loan. |
|
|
Stop limiting your growth potential – by using your own money for renovations, holding costs, and marketing. Learn to finance these expenses along with the purchase price, so your personal funds can grow tax-free or tax-deferred in IRA’s. |
|
|
Never cripple yourself by financing the wrong properties with the wrong loans. Learn the four key questions to determine if a lender needs growth (interest that accrues) vs. monthly payments. Then find out which properties are best financed with which type of loan |
|
|
Outsmart the flawed insurance wisdom when you buy “subject to”, or offer lease options to your tenants. If you ignore this rule, the bank will know that there’s been an ownership change and they’ll exercise the Due On Sale clause. You could even be nailed for insurance fraud. |
|
|
Never overvalue a property because you put too much faith in your comps. This blunder can kill your profits and make it impossible to sell within the promised timeframe. Worst of all, your lender could feel conned if you said his loan was based on a “conservative” LTV. Now you’ll know how to verify the true value of a property. |
|
You’ll also find out: |
|
|
|
What if your property burns down? The odds are, your insurance policy will NOT reimburse your lender. Discover the overlooked coverage that’ll make your lender whole again. |
|
|
The key difference between wraparound lease options and “subject to” deals. Plus, which one of these methods you can combine with private money to dramatically increase your pool of prospective lenders (and reduce the amount you need to borrow) |
|
|
Do you need to issue 1099’s annually… or only when a property sells? It all depends on the terms of the loan. Learn how to make that call. |
|
|
How most real estate attorneys rape their clients at the close of escrow, and how to protect yourself upfront. |
|
|
Which do you need… vacant dwelling insurance or builder’s risk insurance? The answer depends on the property and your exit strategy. Learn which policy suits which situation. |
|
Order Alan Cowgill's Private Lending Made Easy for ONLY $1497 or Use Our 100% Secure, Toll-Free Order Line 888-212-6567 |
Never Mismanage Money Or Jeopardize
Your Lender Relationships
The Wealth Management System gives you the intelligence of a banking insider. It’s the first and only system of its kind. And it gives you the power to manage a limitless amount of private money with the competence of a seasoned banker.
Since this knowledge is essential to anyone raising money from private lenders, Alan now bundles his Advanced and Wealth Management Systems together in one package. The Wealth Management System is divided into four sections.
|
Component #1 is called The Essential Guide To Managing Private Money. In this eye-popping guidebook, you’ll discover: |
|
|
The six documents you must provide every lender. |
|
|
The secret to getting a property appraised for its “after repaired value” – so you can borrow enough to pay for the property, the renovations, and even receive part of your future profit in advance. |
|
|
How to make your payment structure crystal-clear, so you never wind up in a stressful dispute with your lenders. |
|
|
Which papers you must fax to your insurance company and closing agent. Forgetting any one of these papers could delay your closing, and cost you the property you’re trying to buy. |
|
|
12 crucial steps to getting repeat business and referrals from your lenders. Once you’ve got an army of loyal lenders, you won’t need to keep advertising. |
 |
How and when to take your lender’s money and handle the repair funds. Doing this wrong could result in continued deterioration of the property, financial complications, and a bad breakup with the lender. |
|
|
How to get a firm commitment, even if you don’t have a deal ready to secure the prospect’s loan. |
|
|
If you off |