What You’ll Discover in Ron Legrand Private Lending
Ron Legrand – Private Lending
To get money for real estate deals, you don’t need to apply to banks, make down payments, or wait for approval. Smart investors won’t go near banks who want to control their lives and tell them what they can or can’t qualify to borrow.
You can get all the money you want from people, not banks.
You can get it faster and easier.
There is no limit to how much you can borrow
In 1982, I didn’t have any credit when I started my career. It was actually bad credit that I had. But I found a mortgage broker who’d loan me money based on the equity in the property, not my credit. Al was his name and he would lend me 60% of the property’s value.
My credit was therefore irrelevant. His only interest was in the collateral and not my credit. The interest was high but it was easy to get the money. No application. No committee approval. There is no long wait. The loans closed two days after I got an appraisal and…
I always borrowed more than I needed to buy and fix the house.
If my house was worth $70,000 after repairs I knew I could borrow $42,000 (60%). I just had to buy it cheaply enough to ensure the loan would cover all of my expenses.
In addition to the 18% interest, I was paying Al ten points, that’s 10% of each loan as a broker fee. After I did a few loans, I learned it wasn’t even Al’s money I was borrowing.
Wholesale-repair-You can borrow
My broker was lending money to other people
It wasn’t institutional money. It was not allowed to be held in banks. It was money from Al’s friends, relatives and business associates. These were just ordinary people looking to make a good return on their investment.
You must admit that 18% are qualified. But that’s not all. Every time I paid one of those loans off, I had to pay the lender six months’ extra interest. That’s called a prepayment penalty.
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Isn’t that a horrible price to pay in exchange for money? I sure thought so, and that’s why I only borrowed from Al 76 times before I quit.
It didn’t take me long to figure out it wasn’t the cost of money that’s important, but the availability of it. Without Al’s money, I couldn’t pay cash for houses and, thereby, get them dirt cheap.
With Al’s money, I could buy fast and get them fixed and sold quickly. You see, every time I paid ole Al 18% and 10 points…
Wholesale-Each-Deal
He received his broker fee and profit, while the lender earned a good return. I also got quick money. I asked for money from my friends a couple of years later and found it easy to get.
I found that I had much more money than I could spend, and I was able to get better terms after I expelled Al.
I started paying 15% interest, three months prepayment penalty and eliminated the 10% brokerage because Al wasn’t the middle man. Then, a couple years later, I got a mortgage broker’s license and started loaning other people’s money to my real estate investor friends.
Naturally, I was compensated.
I Was Now Collecting the Same 10% That I Used To Pay Al
This letter isn’t about being a mortgage broker. It’s about finding all the money you need for your deals, so you can take advantage of the biggest foreclosure bonanza of our lifetime.
It’s also about eliminating Al, so the money you find has no middle man making the rules. You can make your own rules.
FYI: Today, I borrow money just like I did back in the 1980s, but today’s interest rate is 7%, and no points are added.
I don’t make monthly payments. That’s right. Because the interest accrues, I don’t have to make any mortgage payments. You can imagine how that will affect your cash flow as you wait for a buyer or when you have a tenant who is a lease option tenant. Then, start collecting rent without any payments.
Would you like to do the same thing?
I decided to share everything I know about private loaning with all my students. So I hosted a 2nd workshop.-day boot camp called …
The Private Lending Boot Camp. Boot Camp. Private Lending You can take a home study course
It is designed to help you locate all the private lenders needed to fund your deals.
Here’s a quick list of things you’ll discover…
One sentence to help you find the best prospects and prescreen them. This doesn’t require you to run ads or waste money.
Each step to follow once they say yes. And how to make sure that paperwork gets done without you involvement.
How to set the rules and decide how much you’ll pay your lenders. And make them beg for their money.
How to set up an insurance policy that will pay your creditors if you are killed and your property to your loved ones.
How to borrow money to increase your cash flow without making monthly payments.
How to get the money you need to buy a house.-To-The value ratio is high.
How to make an army lenders that are willing to work with you on bigger deals.
How to raise huge money using private placements to buy cheap foreclosures in large blocks of land or to create a fund that can make loans to those who have them.
Hey, if you’re gonna make friends, you might as well make friends with people who ain’t broke.
Are you a seasoned lender?
Now you can. Just like banks. Get paid well if you lend your money. You can find the Private Lending Boot Camp Home Study recordings, you’ll learn…
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How to get borrowers calling your daily without advertising.
Each step is accompanied by checklists that will help you close the loan and protect your interests.
How to reduce defaults, and how to make a bundle if you do have them.
How to get your borrowers involved in the process and to pay all costs so that you don’t spend any money to close a loan.
How to borrow money to your IRA.-free— legally.
Safely and consistently, how to achieve a steady 30% annual return.
These are tricks I have learned and the language you need to be more successful.
I’ll also share with you all the mistakes I’ve made over the last 24 years as a mortgage broker and save you a lot of grief. These seminars at School of Hard Knocks cost a lot.
If you’re able to tap into IRAs or pension plans and know who to ask, IRAs and retirement plans can be a great source for funds. I’ll show you. Actually, there isn’t much you’d want to know about finding and brokering private money that I don’t cover in this course.
You’ll be participating in asking for money, answering objections and closing deals.
You will receive a complete system manual with all recordings. It’s a masterpiece that has been two years in the making. It’s got everything you need to find money and become a private lender.
Look, if you’re gonna buy and sell houses, these boot camp recordings are an absolute must. You will need to raise money, especially if your goal is to buy junkers.
It is possible to live a normal life even if you don’t eat good food or run ten miles per day. Why?
The retail cost of these recordings is $1,997, but I’m giving it away for only $997! That’s a $1,000 discount. While the fee is small, the benefits are substantial.-The boot camp’s lasting effects will last a lifetime.
To Your $uccess
Ron LeGrand
Millionaire Maker
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