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Should I Become A Private Mortgage Lender?

By: Beau Henderson

Increase Your Wealth as a Private Mortgage Lender

  • Earn 8–12% On Your Money: Secured, Guaranteed, Passive
  • Bank interest rates are a waste of valuable time. The stock market is difficult to predict, even for the experts.
  • Effectively managing your own savings is full of hassles
You could be earning thousands of extra dollars in the coming years simply by increasing the yield on the same money that you’ve invested in low-yield or high-risk vehicles. What I’m about to share with you is common knowledge among the wealthy in real estate circles, and now you’ll have the same information and the same opportunity.

Become a Private Mortgage Lender
My company buys historic homes in need of repair for pennies on the dollar. I do a quality renovation and sell the now beautiful home to families on the open market. I borrow money to purchase and renovate these houses from Private Mortgage Lenders, individuals just like you, as opposed to traditional banks. Due to the continued success and expansion of my business, I’m looking for additional Private Mortgage Lenders; you have a golden opportunity to greatly increase your returns.

Is Your IRA Earning 8-12% Interest?
Did you know that the Internal Revenue Service allows you to use your IRA and 401k funds to make real estate loans? Imagine how fast your IRA will grow if, instead of earning 1-2% interest, it’s earning 8-12%.

Most people don’t realize that the Federal government has provided you the right to control the use of your retirement money. I’ll show you how to double, triple, even quadruple your interest rates – tax deferred or even tax FREE if you have a ROTH IRA.

Why Would I Borrow At These High Rates?
I acquire houses by working with home owners who are in some sort of distressed situation and need to sell their home quickly. Quick, efficient access to funds is critical to solving their situation, and obtaining the large price discount. Although banks do offer a lower interest rate, their loan approval process can be long and protracted. The success of my business is predicated on the ability to move quickly to fund a project. It is, therefore, less expensive to pay a higher interest rate to Private Mortgage Lenders than to miss out on these opportunities.

Is This A Long Term Program? No. All loans are re-paid within one year or when the house sells – whichever is first! You can choose to receive monthly interest payments; or, if you prefer, you can allow your payments to accrue until the end of the loan and I will pay you an additional 2% interest on the entire loan.

If, after the loan is re-paid, you tell me that you want to keep your money earning the high interest rates, then I’ll continue to place it in new loans with new mortgages. It’s always your choice to continue or not. You’re in control.

How Is Your Loan Secured?
All loans are secured by a Promissory Note from my company and a Deed to Secure Debt (mortgage) on the property for which you are making the loan. In addition, I’ll purchase Lenders’ Title Insurance in your name and list you as a mortgagee on the hazard insurance policy so that, in the unlikely event of a loss, you would be paid first by the insurance company.

In addition, you will never have a Loan-To-Value (LTV) ratio greater than 70-75% of the After Repaired Value of the property, which ensures that there is plenty of equity in the property to secure your loan.

Who Handles All Of The Details?
The closing attorney will handle everything at no expense to you. You simply wire the funds to the attorney’s escrow account prior to closing. Once all of the proper paperwork has been executed at closing, he’ll release your funds and send you all of the original paperwork (after the mortgage has been recorded).

When the house is sold, I’ll prepare the payoff calculation and send it to you for approval. All you need to do is simply inform the closing attorney of the correct amount to be sent to you from the proceeds of the sale. Simple. Safe. Passive.

How Do You Use Your IRA?
Making real estate loans is an approved and widely accepted use of IRA and Pension Plans. Think of it, now you can not only loan out money that has been unavailable for you to use, but you can make your retirement fund grow rapidly…tax deferred, or even tax FREE with your ROTH IRA!

Tax free or tax deferred – the results are staggering.

You’ll be receiving interest on interest year over year – and it’s all legal and approved by the IRS! In order for you to use your IRA for loans, they must first be administered by a “Third Party Administrator” or TPA. This TPA is set up and approved to administer your loan activities. This means that you will probably have to rollover your IRA to one of these TPAs unless your present administrator handles these transactions. We’ll even help you select a TPA if you are unsure where to go. Once you’ve done that, you’re ready to make high interest loans.

Are You Ready To Watch Your Money Explode?
Whether you have $10,000 or $1,000,000 to loan, becoming a Private Mortgage Lender will provide you with a safe, secure alternative to earning high interest rates on your money. If this appeals to you, then NOW is the time to get started. While most people are complaining about the low rates they are earning, you’ll be receiving 8-10%.

Email me today to get more information about how you can get started as a Private Mortgage Lender. Perhaps we can get together for lunch or just chat on the phone. Either way, I want to make sure that all of your questions are answered so you can proceed with confidence.

And I’m always looking for Private Mortgage Lenders. So if you know of someone else who might be interested in earning 8-12% interest, please forward this information to them.

Article Source: http://www.real-estate-article-directory.com

          

Beau Henderson is a fee based financial planner with Centurion Advisory Group. He is recognized among the top 10% of advisors nationwide and specializes in IRA distributions/RE Investments. Beau actively invests in personal real estate, and serves as a Qualified Intermediary for Section 1031 exchanges. Click here for free information on Private Lending.

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