profitbale real estate...

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Realestateinvestorshavereliedonnon-traditionalfundingfortheirdealssincethebeginningof,well…distressedownersanddistressedhouses.Fordecades,we’veturnedtofriends,familyandyesevenfoolstoputupthemoneyforourdeals,butforsomeofus–we’velearnedthehardwaythatthe“friendsandfamily”poolofmoneycanrun-dryprettyquickly.Facedwithalternativeslikeacurmudgeonlylocalbanker,orthe“old-school”grizzledhardmoneyguy–it’stoughtochoosethelesserofthetwoevils.

TOP 10 RULESFOR USING HARD

MONEYTO CREATE A MASSIVELY

PROFITBALE REAL ESTATE BUISESS


And,justasyoudarenotmentionthatyou“FlipHouses,”insomepartsofthecountry,whenaskedtheirvocation,Iknowseveralhardmoneyguyswhoclose-upfasterthanaravenousVenusFlyTrapwhenaskedwhattheydoforaliving!.Whyisthat?Whydoeshardmoneyseemtogetabadrapincertaincircles?Whywouldsomeinvestorsspitinthegeneraldirectionofahardmoneyguy,whilestillmanyothersuccessfulinvestorswouldgivetheirHMLabigwetkiss?ReadonmyfriendbecauseI’mabouttoanswerallofthosequestionsandmore,andI’lldispelallofthewidelyheldmythsabouthardmoney.Keepthisoneunderlyingfactinmindasyoureadthroughthise-book:Thehardmoneyindustryischanging…rapidly,andforthebetter.ThesechangescanonlymeanGOODTHINGSforinvestorsateverylevelofexperience.Inthispowerfulguide,I’llshowyou:

• How,why,andwhereyoucanfindandusehardmoneytobuildandsustainaconsistentandhighlyprofitablerealestateinvestingbusiness.• HowcashmaynotbeKINGafterall!• Thevastdifferencebetween“oldhardmoney,”and“newhardmoney.”• Howtobuild“competitionkilling”speedandconsistencyintoyourbusinessbyteamingwiththeperfectlender.• CaseStudiesofinvestorswhoarekillingwith“new”hardmoney.

Herethen,aremy“10-StepsforUsingHardMoneytoCreateaMassivelyProfitableRealEstateBusiness.”

Don’t Believe The Naysayers! You Can Pay Hard Money Interest Rates & Points and Still Make Huge Paydays Ilovewhenaninvestorsayssomethinglike,“Ican’tbelieveyoupaidahardmoneyguytodothisdeal,Craig…youwon’tmakeanythinghere!”ItkillsmewhenIhearaninvestorsay,“IfIhavetopaycrazypoints&interest,Ijustwon’tdothedeal.WhyshouldIgiveallmymoneytothehardmoneyguy?”Listenuprightnow!Wouldyouratherpayalittlemoretomakealot,orthrowatemper-tantrum-paynothingandmakenothing?Notdoingadealbecauseyousimplyrefusetopayaslightlyaboveaverageinterestrateplusafewpointsislikesaying,“IrefusetoworkovertimebecauseUncleSamtakesitallintaxes!”Itsludicrous,small-mindedthinkinglikethisthatkeepsmostpeoplefromeverdoinganythinggreatwiththeirlives.

Thefollowingmaybethemostimportantpartofthisreport.ThatmightbewhyImadeitRule#1.Yeah,I’mprettysmartlikethat.

RULE #1FOR USING HARD


PROFITABLE REAL ESTATE BUSINESS.


Thisistheonlyspreadsheetyou’lleverneedtoshutdownthenaysayerswhoswearhardmoneykillsprofits.Thislittlespreadsheetwillstopthemdeadintheirtracks.ThenumbersbelowareverytypicalofdealsacrosstheUnitedStates.Checkouttheinputnumberstotheright.We’llassumethatthesoftcostsareasfollows:1.75%closingcostsatpurchaseandsale.$200/monthutilities.1.5%propertytaxeswhileholding,5%Realtorcommissions.Andfinally,we’llassumethattheaverageholdingtimeforarehabdealis5monthsfromthedayofpurchasetothedayofsale.

Thenumbersdon’tlie.Infact,theyaretakendirectlyfromanactualdealIdidafewyearsagoinBaltimore.Thehousewasatypical,butt-ugly,3/1bank-ownedcraftsmenbuiltinthe1920’s.Wepurchaseditfor$80,000.Wewentsuper-nutsontheplaceandaddedashed-dormertothe2ndleveltomakeacrazymasterbedroomandevencraziermasterbath.So,intheend,thehousewas;3bedsand2.5baths.Fromthedayofpurchasetothedayofsale,weownedthepropertyforexactly158days.

Here’saquickstory.WhenIstartedinvestingin2004,Iwashappytosplitdeals50/50withamoneypartner.I’dfindandmanagethedeals,they’dputupthemoney–we’dsplitallprofitsevenly.Then,Imetaguywhojustwantedareturnof10%+2pointsonhismoney.Iwasecstatic!Nomore50/50!Well,afterthecrash,the10%guydecidedhenolongerlikedrealestate,andtookhismoneyelsewhere.So–onthedealabove,myonlychoicewaslocalhardmoney.WhentheHMLquotedmeat14%and5points,Ialmosthunguponhim.Inamomentofpuregenius,IdesignedmyDealAnalyzerspreadsheet.IwasshockedtodiscoverjusthowwrongIwasabouthowdifferentrates&pointsaffectedmybottomline.Therewascertainlyadifferencebetweenborrowingthemoneyat10%and2pointsversusborrowingatanastronomical14%and5,butnotenoughtoblowthedeal.

Believeitornot,Istillusethispowerfullittlespreadsheeteverysingledaytohelpmequicklydialinanoffer,andmyexpectedNETprofitbasedseveraldifferentlendingscenarios.Iusedtoguardthisspreadsheetwithmylife,butI’vehadsomanyfriendsandstudentsbegmeforit,IhavenowmadeitavailabletoinvestorswhoreallywanttodialintheiroffersandNETprofitswithlightningspeed.YOUCANGETMYPOWERFULDEALANALYZERAT:http://DominionPrivateLending.com/SSNowenoughwiththeshamelesspromotionandbacktothestoryaboutme….(wait,thatdidn’tsoundright)Notsatisfiedwiththeold-schoolhardmoneyterms,Idecidedtomakesomecalls.MylastcallwastoaRegionalHMLwhosaidtheywouldfund90%ofthepurchaseand100%oftherehabat12%and4points.Takealookatthedifferencebetweenthethreefinancingscenarios(onthenextpage).


Inscenario1,whereI’dnormallybeborrowingfrommyPrivateLenderat10%and2points,I’dwalkwithaNETprofitof$52,971.Prettysweet–buthewasnolongerinterestedinrealestate.Unreliablelenderswillkillyourbusiness!Howabouttheoldschoolhardmoneyguy?WithhimI’dpay14%and5pointsandI’dstillwalkwithaveryniceprofitof$45,771.Notbad–butatoughpilltoswallow.Finally,takealookattheRegionalHML.Borrowingat12.5%and4points,IwouldNET$49,203!!!!ThatwasonlyafewgrandlessthanmyPrivateMoneylender!Iwassold!Atthetime,therewereveryfewRegionalHML’sinthecountry,soitalmostseemedtoogoodtobetrue.I’lltalkmoreaboutthedifferencesbetweentraditional,“old-school,”HML’svs.“newschool”RegionalHML’s–butforthisdeal,therewasnodoubt,I’dfoundmylender!IcalledthatRegionalHMLbackandgladlyborrowedthemoney!Heckyouonlyhavetodo4or5ofthose$49KNETprofitflipsinayear,andyou’rea1percent’er!Maybeyou’vegotfriendsintherealestateinvestingbusinesswhoareHML-haters.Heck,maybeyou’reoneofthem.Youcancontinuetohate,oryoucanexaminethefactsratherthanthemyths.Thenumbersdon’tlie;youcanabsolutelymakeBIGMONEYasarealestateinvestorwhenyouusetherighthardmoneyforyourdeals.But–let’smakesureyoufindtherightlender.Keepreading.I’mjustgettin’started.


Don’t Work With Hobbyists! Theprivatemoneylendingandhardmoneylendingbusinesses,likeanyotherbusinesses,werebuiltasaresultofavoidorneedinthemarket.Traditionalbankswerenotadequatelyfillingtheneedsofinvestors,andwealthyprivateindividualsstepped-up,learnedthebusinessoflending,andquicklyfilledthevoid.Untilrecentlyhowever,thebusinesshashistoricallybeenownedandoperatedprimarilybylocal“momandpop,”shops.Inatypicalhardmoneybusiness:

-Thecompanyisownedby1or2wealthyindividuals–likedoctors,lawyers,dentists,accountants.-Theownersarelookingforhigherthanaveragereturnsonmoney.-Theownersenjoythebusinessbecausetheycanworkitremotelyandonapart-timebasis.-TheownershavedeepmarketknowledgeofaVERYlimitedarea.TheyareHYPER-local–andthey’lllendonlyinthatarea.-Thecompanyhasanaverageofonly$1-3millionincapitaltolend.

Thatsoundslikealotofmoney–butintermsoflending,afewmillionisminiscule.1or2seriousinvestorscouldeatthatupinacouplemonths.Keepinmindthatmanyofthese“lenders,”aredoctors,lawyers,orevenbankershavefull-time,lucrativecareersintheirrespectivefields.Icallthem“hobbyists,”or“old-school,”hardmoneylenders.Hardmoneyisabusinessthatcaneasilybedoneviaaremotelocation,somanyofthesehobbyistsworktheirlendingbusinessespart-timefromthegolf-courseoryachtclub.ManyspendtheirwintersinwarmerclimateslikeArizonaorFlorida.Ihavespokentohundredsoffrustratedrealestateinvestorswhocan’tbelievethattheirhardmoneyguyistapped-outofcash!Evenworse,I’veheardfrominvestorswhocan’treachtheirHMLbecausehe’stoobusychippinguptothe17thgreen.Hobbyistsareeagertomakethosebigreturns,butonlywhenthebusinessfitstheirschedule.Theproblemis,thereisnosignonthedoor,ornoticeontheirfancywebsitethatsays,“Hey,I’mahobbyist.FundingforyourdealswillbeslowandunreliablewhenI’mwinteringinSouthFlorida.”

Wheninterviewingahardmoneylender,besuretoask,“WhowillgivemeawrittenloancommitmentwhenIcallwithadeal?”“Howlongwillthatloancommitmenttake?”“Howdoyouevaluatepotentialdeals?Doyourequireafull-appraisal,ordoyoudothevaluationsyourself?”“Doyouallscale-backinthewintermonthsoraroundholidays?”“Howmuchcapitaldoyouhaveavailableonaverage?”Howlongdoesit

typicallytaketofundaloan?

Payparticularattentiontotheanswerstothesequestionsastheywillhaveadirecteffectonyourbusinessandyoursuccess.





Super-Simple, Reliable & Fast Approval Process Mostlenderswilltellyou,“Weonlycareaboutthedeal.Justbringusagooddeal.Itdoesn’tmatterwhatyoulooklikeintermsofstrengthasaborrower.Justcalluswhenyougetadealundercontract.”Listenup!That,istotalC-R-A-P!Payseriousattentionhere:Thelogicalorderofstepsforyoursuccesswithyourlenderis:

-FindanHMLwhowillpre-approveyoufirst,withoutrequiringadeal.-Submityourfinancials(taxreturns,bankstatement,1003mortgageapp)forreview.-Getpre-approvedwiththatlenderforalineofcredit,or‘guidanceline’.-Getaproofoffunds(POF)fromthelender.-Makeoffers!

Thinkaboutit.HowcanyoumakeofferswithoutasolidPOF?Youcan’t.However,onceyou’vebeenapprovedwithareliableHML,he’llgiveyouthePOFrequiredtomakecredibleoffers.And,he’llhaveamechanisminplacetoautomaticallysendyouafreshPOFevery60days.Trustme,youwon’tgetthatkindofservicefromahobbyist.Second,whenyoumakeanofferonadeal,youmustbe100%confidentthatyourlenderwillbackthedealandmoreimportantly,youmustbeconfidentthatthelendercanclosequickly.Ifyouwaittogetapprovedwhenahotdealisonyourradar,youcouldeasilylosethedealandyourcredibilitywhileyourscramblingtoassembleallyourfinancialsforlenderapproval.That’snowaytorunarealestateinvestingbusiness–especiallyinthishighlycompetitivemarket.

WorkonlywithanHMLwhopre-approvesyouasaborrower–evenbeforeyouhaveadeal.Thiswillgiveyoutremendouspieceofmindinknowingthatyourdealswillbefunded,justassoonastheofferisaccepted.Thisisacriticaltip.TakeoldCousinCraig’sadvice.You’llbegladyoudid.

Onceyousendinyourfinancials,areputable“new-school”HMLshouldbeabletoissueanapprovalwithin48-hours.He’llgiveyouanamountthathe’dbewillingtolendupto.So,forinstance,ifyou’reapprovedfor$400,000.Youcanborrowupto$400Kon1house,or5housesfor$80K,or10housesfor$40K.The$400,000islikealineofcreditfromthelender.Onceapproved,youcanmakeofferswith100%confidenceknowingthatyourlenderisreadytofundyourdealsuptothelimitofyourline!





Work With a Creative Lender Who Doesn’t Think Like a Banker. Inthisbusiness,you’llrunintolenderswhothinkandactjustlikeabankers,thenattheotherendofthespectrum,you’llmeetthosewhoactasiftheonlythingthatmattersinthedeal,isthedealitself!It’sliketheycouldcarelessaboutyourstrengthasaborrower.Don’tbefooled.Bothtypesoflendersarehazardstoyoursuccess.Here’swhy.Themainreasonforusinghardmoneyistogetawayfromthebureaucracyandendlessdelaysofstodgyfinancialinstitutions.Therearesofewlocalbanksremainingwhoarewillingtolendtoinvestors.Infact,didyouknowthatsince2007,41%ofsmalllocalbankshavefailedorhavesimplygoneoutofbusiness?That’sastaggeringstatistic,especiallyifyourinvestingbusinessreliedonbankfinancingasyoursourceofcapital.Ifyoucanfindalocalbankthatweatheredthestorm,andisstillinbusiness,andwhoisstillwillingtolendtoinvestors-you’dbeshockedatthenumberofhoopsthey’llmakeyoujumpthroughasaresidentialinvestor.

Eventhesmallestlocalbankshaverules.Infact,somehavemorerulesthanbigbanks.Rulesandendlessregulationsmakebankstheveryslowestformofcapital.Andremember,thisisabusinessthatrequiresspeed!Ifyouarestillconvincedbankfundingistherouteforyou,justknowyou’llneeda750+FICOscore,greatincome,andBIGcashreservesfordownpayments,asmostbankswilllendonlyupto60%oftheappraisedvalueofthehouse!Yes,youreadthatright.Mostbanksarelendingbasedonthecurrentappraisedvalue,NOTtheafterrepairvalue.Sure,therateissuper-cheap,butyou’llneedaTONofcashforthedownpaymentandrehab.Finally–how’sthisfortheicingonthedevils’crapcake;approvalsonbankloanscantake45-60days!Howcanyouexpectyouroffertobecompetitivewhenyou’recompetingagainstsharkswithcashorsuper-fastregionalhardmoney,yetyourfinancingcontingencysaysyouneed45-60daystoclose?Faceit-you’retoast!Whataboutyourlocalhardmoneylenderwhoseemslikeabank?WhenyoumeetanHMLwhoactslikeabank,RUN.“Whatareyoutryingtotellme,Craig?”I’msayin’ifanHMLstartsaskingyoutoprovideexplanationsforcreditblemishesfrom3-5yearsago,run!IftheylendbasedonaminimumFICOscore…RUN!Iftheywanttoknowwhereallyourdepositscamefrom,run!Iftheycan’tunderstandthatyougotcrushedintherealestatecrashof2007,justlikeeveryoneelse...RUN!Whatabouttheexactopposite?WhatifyoumeetanHMLwhoswearsthatallhecaresaboutisthedeal?IfanHMLsaystoyou,[saidinmyJeffSpicoliCaliforniasurfervoice]“HeyBra’h…likeyeah…justbringmeyoursudsydealwhenyoutakethatbadboydown.That’sallthatmatters,Bra’h.Aslongasyouhaveasweetdeal,Iamtotes’coolwithyou,Bro-Jammer.”Meanwhile,you’reaskingyourself,“uhm…shouldItellthistoolaboutthe6foreclosuresthatthebanktookbackin2012andthatI’mrockinga420FICO?ShouldItellhimIjustlostmyjobandIonlyhave$4-thousand-buckstomyname?ShouldItellhimIreallyneedthiswholerealestateinvestingthingtoworkbecauseifitdoesn’t,I’mscrewed?”Theanswerisaresounding,HELLYES!Yes,youshouldtellhim!





Because,ifMr.LaidBackistoodumbtoaskyouforyourfinancialinformationnow,afewthingscanand/orwillhappenlater:

1. Mr.“IOnlyCareAbouttheDeal,”willultimatelylosehisshirtbecausehewastoostupidtocheckthecreditworthinessofhisborrowers.2. Hemaygetsmartjustafteryouwriteanofferonareallysudsydeal.And,justasyouthinkyou’rereadytosettle,he’llaskyouforyoursocialsecuritynumbersohe

canpullyourcredit,thenhe’llkillthedealwhenheseesthatyouhavenoabilitytopayhimback–thusleavingyouinatotaljam!3. He’llstaystupid,willlendyouthemoney,thenwillgetcrushedbyhisotherhorribledealswhileinthemiddleofyourdeal,thenwilldecidethathedoesn’twantto

putanymoremoneyinyourdeal,thusleavingyoutofigure-outhowtofundtherestofyourrehab.Ifyou’resaying,“C’monCousinCraig…thisisjustCRAZYtalk!You’remakingallofthisup!Thiswillneverhappenintherealworld.”THINKAGAIN!

A“new-school”RegionalHardMoneyLenderwantstoseeyourcreditreportbutwon’tbasehisdecisionssoleyonyourFICOscore.Instead,he’lltakealookatthebigpicture,likehowlongit’sbeensinceyouhadanynegativeblemishessuchasjudgments,collections,bankruptcies,foreclosures,orshortsales.MostRegionalHML’swillrequirethatthosenegativehitsareatleast24

monthsinthepast,butthey’llalsolistentoyouifyouhavesolidreasonsastowhythoseproblemsoccurred.Besuretofindalenderwhocaresaboutyourstrengthasaborrower–ratherthanjustthestrengthofthedeal.Thisisahugedifferencebetween“old-school”and“newschool”hardmoney.

AllthreeofthesescenarioshaveactuallyhappenedtoACTUALinvestorfriendsofmine!Besmart.StayawayfromslowbanksandHML’swhocouldcarelessaboutyourbusiness.Youshouldnothavetojumpthroughendlesshoopstoborrowmoney.Conversely,beverycarefulwhenyouhearthewords,“Allwereallycareaboutisthedeal.”That’saBIGREDFLAGforyoutomoveon.Ifitseemstoogoodtobetrue,itis.


Make Offers & Get Ultra-Fast Loan Commitments Thisagain,iswhereyouwanttobeverycarefulnottoworkwithahobbyist.Realestateinvestingisallaboutspeed–especiallyinthiscurrentmarket.Further,thebusinessseemsmorecompetitivenowthanever.Whenyoufindadeal,youhavetojumponitwith100%confidencethatyourlenderwillquicklybackthedeal.Manyhobbyistswanttophysicallyinspecteachdeal,ortheywantyoutopayhundredsofdollarsup-frontforalicensedappraisal.Heck–thattakestoomuchtimeandmoney!AreliableHMLshouldbeabletoissueawrittenloancommitmentonyourdealswithin24hoursofsubmittal.Youshouldn’thavetojumpthroughaflamingringoffiretogetaloancommitment.Onceyouarepre-approvedforyourlineofcredit,areputableRegionalHMLwillneedonlythefollowingtogiveyouawrittenloancommitmentwithin24hours:

1. Thepropertyaddress.2. Yourpurchaseprice.3. Therehabamount.4. TheARV.5. Thenumberofbedsandbathsthepropertywillhavewhenfinished.

That’sit!Submittingadealforwrittenloancommitmentshouldtakeyouallof3minutesandyoushouldbeabletosendthatinfoviaasimpleemail,phoneorevenviatext!Workonlywithahardmoneylenderwhowillissueawrittenloancommitmentbasedonadesktopvaluationoftheproperty.Toinsureyoursuccess,youshouldalsotrytoworkonlywithanHMLwhoiscurrentlyinvestingorhashadprevioussuccessasarealestateinvestor!Why?Because,anHMLwhohashaddirectinvestingexperiencehaswalkedinyourshoes.They’llunderstandthatrehabbingcanbearollercoaster–andinsomecases,they’llevenunderstandyourbusinessbetterthanyou.

Lightning Fast Time to Settlement Let’sassumeforoneminutethatyou’reinacompetitivemarketwheremosthotdealsusuallyattractmultipleoffers.Cashisking.Ifyouhavecash,goodforyou.Allthingsbeingequal,acashofferwillalwaysbethemostattractive.

Thenextmostattractiveoffer,however,istheonethatcanclosethefastest.ThisiswhereworkingwithareputableHMLputsyouinthedriver’sseat.








Ifyou’recompetingagainstinvestorswhoarepayingcash…don’tworry.Youcanbeatthemeverytime.Mostinvestorswithcashtendtoofferlessthanaskingpricebecausetheythinktheircashentitlesthemtoabetterdeal.WRONG!Armedwithaproofoffunds,andyourwrittencommitmentletter,youcanstrengthenyourofferbypayingjustabitmore,andyoucanpromisetoclosein5days–thatis,ifyou’reworkingwithasolidRegionalHMLratherthanabankorahobbyist.Theimportanceofthistipcannotbeoverstated.HavingareputableHMLinyourbackpocketreadytofundyourdealsin5dayswillabsolutelygetyoumoredeals,whichinturnwillmakeyouamoresuccessfulrealestateinvestor.Makesureyouareworkingwithalenderwhocanfundyourdealsin5days.Youmayneverneedtosettlethatquickly,butit’sdarngoodtoknowthatyoucanifyouhaveto!

Avoid Paying Junk Fees Oneofthereasonshardmoneygetsabadrapis,somelendersmakeittoodarnhard–notonlyintermsofactuallygettingthemoney,butalsointermsofitscost!Manylenders(andmanybankstoo)believethattheycanchargerealestateinvestorsasmuchasthemarketiswillingtopay.And,whentheydiscoverthattheirratesaretoohigh,theymakeupforcharginglessbysneakingin“junkfees.”Heck,someevendemandhighratesandthenslamyouwithcrazyjunkfeestoo.WorkonlywithHML’swhounderstandandappreciatethatyouneedtomakeaprofittoo.StayawayfromgreedyHML’sorhobbyistswhotrytoslamyouwithjunkfeessuchas;loanreview,loancommitment,docreview,loanadministration,loanapproval..etc.Thesefeesarequitesimplyridiculousattemptstogetmoreofyourprofitandfranklydonothingtostrengthenthereputationoftheindustry.

Askyourlender,“Otherthanloanoriginationfees(a.k.a,points)whatotherfeesdoyouchargeaspartoftheloan?Ifalenderisreputable,they’llbeabletoansweryouin10-seconds.ReputableHML’swon’tchargeanyjunkfees!Period.Theonlyotherchargestheymayhaveare:documentprep(fortheattorneytopreparethemortgage),a

perdrawinspectionfee,andalienreleasefeewhenyourepaytheloan.Ifyouarestilluncertain,asktoseeatypicalHUD-1fromapreviousloan.

SAYNOTOJUNKFEES!Youarealreadypayingforthemoneybywayofinterestandpoints.Junkfeesarethelender’swayofdippingintoyourpocketforabiggersliceofthepie.Don’tletthemdoit!





A Paid Contractor is a Happy ContractorIlearnedlongagothatmostcontractorsarelivingpaycheck-to-paycheck.Mosthavemoneyproblems…justlikeeveryoneelse.WhenIgotstartedasarealestateinvestor,Iwasluckyenoughtoworkwiththesamecontractorforsevenyears.Thatiscompletelyunheardofinthisbusiness!Heck,you’llbeluckytomakeitthrough3deals,muchless3years!Thewaytokeepcontractorshappyisprettysimple.Paythemwhatthey’reworth–andpaythemontime.IfyourcontractorexpectsapaydayonFriday,butyoucan’tcutthecheckbecauseyou’rewaitingonyourlendertoperformthedrawinspection,ortosendyourdrawmoney–Mr.Contractorcouldcareless.Theymayforgiveyouonceortwice–butIcanassureyou,they’llstarttothinkofyouas“badpay,”andtheywon’tbearoundlong.I’veheardsomanyhorrorstoriesfrominvestorswhohaveusedhobbyistlenders,orsmalllocalbanksfordeals.Heck,Iusedasmalllocalbankforyears(untiltheFDICshutthemdown).Here’stheroad-block:Inmostcases,ifyou’reworkingwithahobbyistHMLorsmalllocal

bank,thereisliterallyONEGUYthatdoesallthedrawinspections.That’spurecrazy!Thebottleneckusuallyhappenssomethinglikethis…Youcompletealltheworknecessaryforthedraw(andyourcontractorisexpectingapaydayonFriday)soyoumakeacalltoyourlender.TheHobbyistHMLsays,“Well,Mr.Fuhr…Ican’tmakeitoutthisweekornextbecauseI’mdowninBocaRatonwithmygrandkids.”Thebankersays,“Greattohearyourmakingprogress,Craig.Itellya...thingsarecrazyaroundherethisweek.IpromiseI’llstopbylatenextweek.”Boilinghot,youcouldreachthroughthephonetostranglethem–butyoudon’tdareutteranangryword,becausetheyholdthepursestrings!Seehowitworks?Thisiswhathappenswhenyouworkwithalenderwhotreatsyouliketheyownyou,ratherthantreatingyoulikeapartner!Thisiswhathappenswhenyouworkwithahobbyistorabankerwhohaveneverwalkedamileinyourshoes!

WorkonlywithanHMLwhoisset-upforspeedandreliability.Yoursuccesswillinlargepart,bebasedonyourabilitytokeepyourcontractorshappy.Youcannotrelyonalenderwhoisessentiallya“onemanshow.”Besuretoaskyourlender,“Whatisthestandardturn-aroundtimefordrawinspections?Followinginspections,howsoonaredrawcheckscut?Doyousenddrawsvia

wireorovernightexpress?”Makeyourlendercommittoa24-hourturnaroundondrawinspectionsanddrawfunding.

Cashflowcangetverytightwhenyou’rerunningmultiplejobsandmultiplecontractors.Yourlendercanbethekeytosuccessorthekeytofailure.Choosewisely.





Explode Your Business and Income Using Leverage. Inmostcases,youwilllimityourincomeifyouareacashinvestorusingcashonly.Letmeexplain.Ihavespokenwithhundredsofrehabbersfromalloverthecountry.Theaverageflipfromstarttofinishis5months.That’s5monthsfromthedayyoupurchasethepropertyuntilthedayyoucollectyourpayday.Let’ssupposeyouhave$150,000cashpooledfromyoursavings,maybeahomeequitylineofcredit,orperhapsfromfriendsorfamily.Let’sassumeyou’vepurchasedahousefor$85,000anditwillneed$50,000inrehab.TheARVis$200,000.Youpullthetriggeronthedealandblowthroughallofyourcash.That’sOK–ifyoudotherehabcorrectly,andyousellthehousefor$215K–yourNETprofitshouldbe$48,500.That’saprettysweet

paydayfor5monthsofwork,right?Butaskyourself,howhardwasittofindthatdeal?Didyousimplysnapyourfingersandthedealinstantlyappeared,ordidyouhavetoworkhardturningoverabunchofrockstofindthatoneshinydiamondintherough?IfyourmarketislikemostintheUnitedStates,gooddealsarehardtocomebybecausethere’saheckofalotofcompetitionoutthereforhuntingfordealsjustlikeyou.Ifyou’reveryverylucky,you’llfindyournextdealrightafteryour$48,000payday,andliketheoneabove,you’llbeabletospinit5monthslater.I’llbesupergenerousandassumethatyourseconddealoftheyearnetsyouanother$48,000.Youyearlookssomethinglikethis:Deal1-January–May: $48,500Deal2-June–November $48,000TotalIncome: $96,000Notbad.Youjustmade$96,000inoneyear…ordidyou?It’shighlyunlikelythatyou’llfindyourseconddealRIGHTAFTERyoucompleteyourfirstdeal.And,whatiftheseconddealcomesalongWHILEyou’rerehabbingthefirst–but,allofyourcashistiedupinthefirstdeal?That’slostopportunity.And,nothinghurtsmoreinthisbusinessthanlostopportunity…trustme!Themorelikelyoutcomeisthatyou’llfindyour2nddeal30-90dayslater.Frustratedbyyourlackofincome,youlookatyourbankaccountandwonderhowlongyoucanstretchthat$48-grand.Further,youbegintowonderwhatyou’redoingwrong.





Usingcashonly…that’swhatyou’redoingwrong!Ifyou’vegotjustenoughcashtodoonedealatatime(BTW,mostpeopledon’thavenearlythismuch),Ijustprovedtoyouthatyouaredestinedtoflippingoneto1.5dealsperyear.Moreimportantly,youaredestinedtoasub-$100Kincomethatdoesnotproducethefreedomforwhichyougotintothebusiness.Hopefullyyouwake-uponedayanddecidethatleveragingyourcashisafarbetteridea.Let’ssupposeyoufindalenderlikeDominionFinancialServices(yeah..thatwasashamelessplug)whowilllendyou90%ofthepurchasepriceand100%oftherehabamount.Onthedealabove,you’dneedroughly$17,000incashtoclosethedeal(10,000forthedownpayment,and$7,000forclosingcosts).So,fordealone,you’veusedonly$17,000ofyour$150,000stash!NowsupposeawholesalercontactsyouwithaREALLYSWEETdealwhileyou’rerehabbingdeal#1.Inthisscenarioyoudon’thavetoletthissweetdealslipawaybecauseyoustillhaveplentyofcashtotakedownanotherdeal.Youcansnapitupfasterthanpoopgoesthroughagoose!(Iadmitit.I’mhorriblewithreferences).That’sthePOWERofleverage!Insteadofdoinganimprobablemaximumof2dealswithyourcashandmaking$94,000,youcannowleveragethecashanddo8-10dealsperyearandearnastaggering:$376,000!NowTHAT’SFREEDOMmoney,rightthere!

This Business is All About Speed, Consistency, and Reliability.I’mhonoredtopersonallyknowsomeofthemostsuccessfulrealestateinvestorsintheUnitedStates.Aftermanyyearsofobservingtheseimmenselysuccessfulfolks,I’verecognizedthattheyallhaveonethingincommon:Themostsuccessfulinvestorshavemasteredthisbusinessthroughdesigningsystemsthatallowthemtoachieveconsistent,reliableandreplicableresults.TheyruntheirbusinesseslikebusinessesNOTlikehobbies.Theyalsounderstandthattheycan’tweareveryhat–andtheyquicklylayoutstepstooffloadaspectsoftheirbusinessestoemployeesorvirtualassistants.Ifranklyhatewhenpeopletalkabout,“Systems,”–butIcan’tthinkofabetterwordforwhatmysuccessfulinvestorfriendshavecreatedintheirbusinesses.Theconsistencyintheirbusinessesisalmostboringtowatch,inthattheydothesamethings,dayin,dayout-yearinandyearout.Boringornot–they’restackingcash!



PROFITBALE REAL ESTATE BUISESS


Realestateinvestingisadeadlysimplegameonceyou’vemasteredthecriticalvariablesandwhenyou’veresolvedtoexecutethemwithlaser-likefocusanddoggedconsistency.Youmustmasterthefollowing:

1. Education/Mentoring:Thisishowyoulearnthebusiness.2. Marketing/DealFlow:Consistentmarketinggetsyouasteadyandconsistentpipelineofprofitabledeals.3. Contractors/Employees:MasteringthisallowsyoutotransitionfromSolo’preneur(wearingallthehats)tobeingatrueEntrepreneur.4. Capital/Money:Masteringthisallowsyoutooperateyourbusinesswithfreedomandconfidence.

Sothereyouhaveit–Youabsolutelycanmakeatonofmoneyusinghardmoney.Don’tbelievethemyths.Ijustprovedthemwrong–andthenumbersdon’tlie.Perhapsyouhaverelationshipswithabank,orfamilymemberwithcashtolend.Perhapsyou’vedoneafewdealswithanHMLwhoyounowrecognizeasahobbyist.Maybeyou’rejuststartingoutandyou’relookingtogetapprovedforalineofcreditwithareliablehardmoneylender.

Meet My Hard Money Lender. Dominion Financial Services!I’dliketointroduceyoutomyguys:DominionFinancialServices.website:www.DominionPrivateLending.comfacebook:www.facebook.com/DominionFinancialTheseguysaretherealdealandhavetakenhardmoneylendingtothenextlevelintermsofwheretheylend,andtheunparalleleddegreeofservice

theygivetoeverycustomer.Theycurrentlylendin49states(allbutCalifornia)–andcanapproveyouforalineofcreditupto$2.5millioninjust48hours!Onceapproved,youcanrestassuredknowingthatwhenyoufindadeal,they’llhavethemoneytofundit.You’llgetawrittenloancommitmentwithin24hours,andyourdealwillbefundedin5businessdays–everytime.Theymakeitsoincrediblysimple.DominionFinancialistrulythemeasuring-stickbywhichallotherHML’sshouldbemeasured.In2015,they’lllend$50milliondollarstoinvestorsjustlikeyou,makingthemoneofthetop-5largesthardmoneylendersintheworld.Ifyouhavedecentcredit,andatleast$20,000incashreserves–IurgeyoutocheckoutDominionFinancialServicesrightnowatthesitesabove,orbycallingthemat:410-727-0908.~TellthemCraigsentyou!Resources:http://DominionPrivateLending.com/SSMypowerfuldealanalyzerspreadsheet.http://DominionPrivateLending.com/testimonialsHerefromactualDominionCustomers.http://DominionFLIP.tvWatchactualDominionborrowersastheygostart-to-finish,andmakebigpaydaysflippinghouses.

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