What You’ll Discover in Alan Cowgill Private Lending Made Easy Premium System
Alan Cowgill – Private Lending Made Easy Premium System
How To Borrow The Money You Want From People, Not Banks – And Get It Faster And Easier, There are no monthly payments or borrowing limits
Never Again Lose A Deal Because
You Can’t Finance It Fast Enough!
By Alan Cowgill,
Authority
Attracting private capital
Banks are not the only place you can borrow money from. You can borrow as much or as little money as you want, faster and more easily.
In this letter, you’ll learn about these 6 positive items when you borrow from private lenders…
- No monthly payments
- With no points or fees – and virtually no closing costs.
- With no out of pocket costs – not even for renovations.
- No tax returns or credit checks.
- No waiting periods
- No prepayment penalties
Alan Cowgill This man is an authority in attracting private capital. He shares his secrets on how he raised $1,000,000 from everyday investors who wanted to make good returns. He shows how to make an unlimited supply of money and loan on your terms.
With private lenders ready and eager to finance your deals, you’ll be able to…
- Get dirt-cheap properties like there’s no tomorrow. Don’t lose a deal to someone with “all cash” because you can’t finance the deal fast enough.
- Always have cash available to close the deal. Accept every offer with confidence
- Never take a dime from your pocket. You get 100% financing.
- Take part in your future profits The day you buy a house.
- Borrow without monthly payments. After all, you’re the one who defines the loan terms. You can then convince lenders to allow interest to accrue until the property is sold.
- Use your “all cash” Position To negotiate rock-bottom prices for properties you buy
- Money is always there waiting for you. Your next loan will be available when you have sold one property.
Contents:
1How? Private Money Could Make You A Millionaire…
2: Why Seasoned Investors Don’t Use Banks…
3: Never Be Handcuffed By “Creative Financing”…
4: Never Let Hard Money Lenders Squeeze You Dry…
5: Spend your money with individuals, not banks to get the money that you need…
6How excessive confidence can cause you to be a victim of a mental illness Lending Relationships…
7: How To Make Your Phone Ring Off The Hook With Lenders…
8: Attract Prospects And Make Them Beg To Loan You Money…
The past 14 years have been a great time. Alan Cowgill He has developed 16 methods to attract people with money, win their trust, and turn them into private lenders. He’s done hundreds of real estate transactions.
No wonder he’s interviewed alongside Donald Trump in the book Walking With The Wise: Real Estate Investor.
He is regarded as the authority in attracting private capital by industry leaders, who compete to have him attend their conferences.
One year Mr. Cowgill I spoke at 54 conferences, boot camps, 85 training webinars, as well as a few radio shows and a TV program.
How Private Money could make you a millionaire
Impossible Dream Comes True For Some Real Estate Investors
Get your instant download Alan Cowgill – Private Lending Made Easy Premium System
Imagine it’s two months from now. Local competitors cannot seem to find 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 a number of private lenders, ready and eager to finance your real estate deals. I’m 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 will see the potential to have millions of dollars waiting in the wings – without jumping through hoops for bank loans, being ripped off by hard-Money lenders or being ripped off by sellers who fear creative funding.
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 many investments that pay paltry low rate of returns).
Your credibility is an important factor. You could be dismissed if you don’t have the right approach. “fly-by-night”The SEC can either ruin your valuable lending relationships or trample on them.
Why Seasoned Investors Don’t Use Banks
Real estate was likely a draw for its potential profit potential. But if you’re like me, you also love being your own boss, calling your own shots, and making your own rules.
So why let banks decide your fate? Their strict underwriting guidelines shouldn’t hold you back. Why jump through hoops to prove that you’re a good risk?
I have good credit, but that doesn’t guarantee anything. I once waited 4½ months to get a bank loan approved. If the seller had been impatient (which is normal), I would’ve lost the deal.
The bottom line is, you can’t count on your relationship with a banker. I did and then one day, the “regulators” He was stopped from making real estate investor loans. I was immediately shut down by that. Here’s what happens when you’re at the mercy of banks:
- You are not eligible for the best deals. That’s because banks can’t finance them fast enough. Sellers in distress need cash immediately, not 30 years later-60 days.
- You’ve got to cough up a 20% down payment. This means that your personal finances are always in a bind, which can limit your ability to purchase multiple properties at once and reduce your cash flow.
- 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 their mercy.
- You’re crushed by backbreaking monthly payments – and often stressed out by negative cash flow.
- The underwriters could approve you at first but change their mind later.
You’re also disqualified from borrowing when you own “too many” properties, leave your salaried job, or don’t have perfect credit. If you are looking to finance high prices-Banks may not be satisfied with high-priced properties like apartment buildings or houses on the lakefront.
Banks may have worked up to now. But the moment you quit your day job – or start buying “too many” properties – you’ll lose your ability to borrow from banks. These are my most recent emails.
Never Again Be Handcuffed By “Creative Financing”
Leasing options may be available in rare cases when the seller is willing to finance the purchase. “subject to” These creative methods are great for financing. These techniques can be used to free yourself from the burden of banks and hard work.-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-Do you offer cash? The majority of sellers are just like you. They want closure. They want all the cash. When you rely only on creative financing…
- The best deals go away – because investors with “all cash” Always beat you to it.
- You can’t buy REOs with creative financing.
- You can’t close on most of the deals you find – since most sellers are afraid of seller financing.
- You are more likely to pay a higher price.. Sellers will often demand higher prices when they are allowed to use creative financing. 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.
| “Alan, before I discovered your system, I lost subject-to deals because I didn’t have the cash upfront. In one deal alone I lost $18,000 profit. Now I have the confidence to go for deals that I would have had to pass on. | |
| — Clem Carrion FL | |
Never Let Hard-Money Lenders Squeeze You Dry
When sellers are distressed, they need cash fast. They can’t wait for bank loans. And they rarely offer creative financing. So most investors think hard-money lenders are the only option. But there are far too many downsides:
- You’ve got to cough up a 15% down payment. This ties up your personal funds, cripples your cash flow, and limits the number of properties you can own at once.
- You’ve got to pay the loan back within 12 months – so you can’t buy time by lease optioning or owner financing the property.
- You pay a high interest rate plus five points and you get eaten alive by all of the additional padded closing costs. (When I used hard-money lenders, I saw one deal that had $5,000 in points and more on padded fees, etc.)
- You need good credit and tax returns. Ten years ago, hard-money lenders loaned solely based on 65% LTV. But today, they qualify you like banks.
- You’ve got to cough up your own cash for renovations. That’s because your rehab funds are stuck in escrow. So even though you’re paying interest on this money, you don’t get it until after your renovations are validated by an appraiser. (And you have to pay for the appraiser.)
- You’re slammed with a huge pre-payment penalty – if you flip a house in less than three months.
In short, you’re stuck with the lender’s hard-nosed terms. Your exit strategies – and the types of properties you can buy – are severely limited. Even if you’re willing to cough up his outrageous fees, these extra burdens can really hold you back. Let me give you an example…
I live in the small town of Springfield, Ohio, (to be near my family). I bought a fixer-upper and found a couple willing to buy. The problem: they had poor credit and couldn’t get a bank loan. But they offered me $40,000 down if they could move in immediately. The solution: I gave them a land contract (i.e. contract for deed). I got a $40,000 down payment & they moved in.
Now suppose I’d financed this fixer-upper with hard money instead. After financing my renovations and new carpeting, the hard money lender never would have allowed this exit strategy. After all, he wouldn’t want damage from tenants, pets, or anything else (in case he had to foreclose). So I never could have made this fast $40,000.
Get 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 God-send for our cash flow, my students happily offer 6-10% interest to lenders who provide these loans.
If 6-8% sounds high at first, compare it to the traditional way of eliminating monthly debt payments. I’m 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.
You can hold dozens of properties at once, without drowning in negative cash flow.
Once you can grow your real estate portfolio, imagine the phenomenal upside. A few extra percent of interest (paid out of your sale proceeds) will feel like pocket change. And remember that you’ll have no upfront points, no pre-payment penalties, and virtually no closing costs. These savings further offset the extra interest.
Later on – I’ll reveal a huge segment of the population that has money to loan but has no need for monthly payments…so they’re glad to let interest accrue.
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 investments paying a paltry low rate of return.) 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, a 5%-8% amortized 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 are gobbled up by the bank’s inflated points, fees, and closing costs. (Pre–payment penalties later on.) These overblown costs might force you to keep the property for many years.
You can get 100% financing from private lenders to pay cash for your house and make it dirt cheap.-cheap. You can even borrow money to pay for renovations. So that you can beat your competitors, get your properties fixed up and sold quickly. The best part?
There are no outs-This is-You save money on your pocket!
For example, I got a call from a lady who’d purchased a $65,000 home a few months prior and still hadn’t made the first payment. The bank was desperate, and offered $25,000 cash if I could close it within five days.
I borrowed $42,750 since the house was appraised at $65,000. Even though my loan was more than the $25,000 price of the house, my lender was happy because the LTV was still lower than 70%. I was able to put $17.045 into my pocket on the day that I purchased it. I leased it out and the tenant took it back a few years later.
But without access to private lenders, I could never have exploited the bank’s desperation and made this profit. And neither can you.
It’s not uncommon for distressed sellers to wait for a loan from the bank to fund their business. So it’s a win-Win: The seller receives fast cash and my lender receives a high return. We make money.
Don’t Let Overconfidence Damage Your Priceless Lending Relationships
Sometimes I receive emails from overconfident real-estate investors who heard me speak at a conference and then decided to jump the gun. They were so excited by the private money benefits, they turned to their relatives and friends for loans, but they were ignored.
They stumbled when they were asked specific questions.. They burned their bridges because they didn’t know the right way to “position” You will win the trust 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? Don’t gamble with your hard earned money-Are you looking for a partner?
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 must trust that you will complete your renovations on time, pay the required loan payments on time (if any), and repay the loan balance as agreed.
If they’re worried about the safety of their investment, even a huge 12% return won’t convince them. It’s easy to burn bridges with them if you approach them wrongly. To appear credible and competent, be prepared to answer all questions.
Credibility is essential, but safety is crucial. It is not easy to attract private lenders. There are some rules that you should follow. Those rules are established by the Securities & Exchange Commission (SEC).
I’m not an attorney nor can I teach legal advice so I had to figure out how to help train my students on the SEC compliance requirements. So I hired an SEC attorney to research every state and the SEC information in this system is provided by him. I’d recommend you get an SEC attorney on your dream team too if you need to register with the SEC.
The Securities & Exchange Commission goal is to protect the private lender. It is against the law for Real Estate investors to mislead private lenders. This would be considered fraud. You should also follow some simple rules. In a nutshell…
- Either you can register your offering or you can be exempt. FYI – The Promissory Note is considered a security. The Promissory Note is exempt. This means that you can now find private lenders.
- Advertisement permission must be sought. How do I ask permission? Register with the SEC.
- Before you can get your first lender, 13 states require that you send a memo or complete a short form.
- A disclosure statement must be provided to lenders. It’s simply a description of what your program is about.
- You must ask for permission (register) to pool private lender money.
- You can’t pay commissions to others to help you find private lenders unless you live in one of three states that allow “Finders”.
- To remain exempt, you must be aware of two important thresholds. You can raise money (normally it is one million dollars) and you can have as many lenders as you like (varies depending on where you live).
- If you decide to cross state lines (lender in one state, property in another), then you have to notify the Federal SEC & the Division of the SEC in each state that you are borrowing money from private lenders.
That’s why I created a step-By-Step system to attract private lenders and keep you in compliance. It’s called Private Lending Made Easy: Premium System.
How to make your phone ring with Lenders. Win their trust and create a limitless supply of money.
My students started as average investors. Once they took control, however, I was able to help them become a better investor. The Premium SystemSome of these entrepreneurs raised private money to monopolize their local markets.
It is important to clarify that my students may use my system to attend a luncheon at a reduced cost with potential lenders, and some students do it for their own purposes.-On-one meetings. Some of them even downloaded it to their laptops and met people at a McDonald’s. So, The Premium System It is versatile.
Here’s what you get with this powerful system:
A Comprehensive 254-Page, Easy-To-Manual
This valuable manual contains the information you need to attract private lenders, be they strangers (once you’ve registered) or family, friends, or associates, and motivate them to dump loads of money on your doorstep. You’ll receive:
- The same step-By-Step system My luncheon presentations were filled with motivated prospects who were frustrated by their investments. This system is foolproof and gets them to lend you money.
- Here are my top ten tips for a successful luncheon. A bulletproof guide for setting up and leading your presentation to maximize results.
- This is a complete checklist It will outline exactly what must be done for the week leading up to your seminar, as well as the day prior, day of, day after and day between. It also includes a reservation list so you can keep track of who’s attending.
- “Talking points” Each of my overhead slides So you can know what to say on each slide and why. These points will convince your prospects to lend you money over any other investment.
- These 6 ways to prove credibility Learn more about my trust-inspiring approach to answering their questions – so you don’t make the wrong impression and scare them off.
The best thing about my presentation is that it’s a soft sell method. So you’ll never have to corner your prospects or Pressure them into making a decision. You have many options for advertising to strangers if you register with SEC. These are the guidelines Premium System It was designed to help you find private lender from people you know. This guide also explains:
- How to rotate newspaper ads Maximum response – and discover which section of the daily paper gets the biggest results on which day of the week.
- How to get rid of the “silver” from your postcard campaign Through repeat mailings. Find out how often you should resend the mail.-Mail the same prospect every time, but with different addresses.
- These are the 4 most important characteristics of people to whom you should send postcards– so your list broker can compile an ultra-Responsive list. By the way, I’ll also give you a list broker’s phone number.
Most important of all, 3 full chapters by my SEC attorney are dedicated to the SEC topic so you’ll learn how to become compliant with the SEC and stay that way! This is One of the Some aspects Private Lending that you can’t afford to miss the boat on…it could cost you not only your reputation and credibility, but potentially your money, your business and livelihood, or even your freedom.
Access to a Single-This is-A-Kind, Auto-Fill out forms Website
This awesome tool will blow your mind…and save countless hours of your time. It includes all of the tools I have made, including my postcards and mailers, newspaper ads, and my proven 37.-Slide PowerPoint presentation (26 forms).
If you want to get The Premium SystemOnce you have registered, you will be granted access to the forms website at a given web address. It’s simple; go to the site, create a new account with user a name and password you choose, and then enter the registration code I will give you in your manual. You will need to complete the personal profile information and in a matter of minutes you will have all of this at your fingertips…completed for you…ready to use…with your information from the profile you created:
- The 37-Slide presentation – in PowerPoint and Microsoft Word formats
- The Audio Business Card
- Marketing pieces – newspaper ads, postcards, trifolds, and fliers
- Scripts – for talking to people to get you over the “Fear Monster” What to say?
- The Seminar Checksheet and Money Loop Presentation
- 3 Lender Reports
- Lender Interest Form (To determine if they are interested in the loan and if so, what amount).
How is it possible? You can complete the profile in one click. My company and personal information are deleted. Then, yours is inserted at the exact same spot in all forms. Amazing! Amazing!
What you will get is:
- “Elizabeth” MailerThis tri-fold brochure frightens investors with the horror story of a woman – Elizabeth Jones – who lost a chunk of her retirement money, and was too old to make it up. Potential lenders feel compelled by worry to contact you to learn more about your amazing alternative.
- “Elizabeth” Postcard: condensed version of Elizabeth’s story, this postcard Grabs Investors “by the jugular”.
- Postcard designed for people who have CDs: This magnetic postcard agitates your prospects, reminding them that their current crummy low paying returns aren’t keeping up with inflation.
- Credibility brochureThis tri-Your credibility is established by the fold brochure which lists all the great benefits of real-estate loans.
- Newspaper ad: This advertisement drives potential lenders to your door where they will fight for each other. “next in line” You can borrow money. After you register with the SEC, you can start to use this tool.
Once you establish a track record, the lenders you’ve paid back will be Are you looking for more money?. You’ll start hearing from their friends and colleagues too. Next, plug in the 30-Day 3: The touch rule is described in the Premium System To get to the point where they can lend you money.
These are The same tools that my students use to create non- magnetic materials are also used by me.-Stop receiving calls from people who have money.
Once your phone is ringing off the hook, you’ve got three options. You can either mail your callers my Audio Business Card package (detailed below), or meet with them one.-On-One, or invite them for a luncheon presentation.
My compelling PowerPoint presentation will give you the complete sales pitch with these two strategies. So you don’t need any public speaking experience. Just click from one slide to another!
I prefer to give luncheon presentations out of all three. It’s more time-More efficient than just meeting with people one-on-one-On-one.
If you don’t want to stand in front of a group, maybe you can hire your accountant or real estate attorney to lead luncheon presentations – and it gives you even more credibility. Just remember you can’t pay them a commission but hey they do get a free lunch.
One can be set up as well-On-Make one appointment and present my PowerPoint presentation to your laptop. This is what the other half of my students do.
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