Jul

17

This is the first in a series of 6 teleclasses that I’m presenting for our real estate investors. We held the live event July 15th and had several hundred very enthusiastic investors on the line all excited to learn how they can raise private money for their investments.

This is the recording of the live call. We went for more than two hours and edited out the live questions we took, but the call is awesome! Be sure to leave a comment to let me know what you think. OR feel free to ask your questions here. I’ll answer them and everyone can share in the information.

Be sure to visit Lassiter Mortgage for the full schedule of events!

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5 Comments so far

  1. Auriel on July 17, 2008 3:51 pm

    Wow, that was a lot of information. You referred me to a CPA for my question, but you answered many, many other questions in the content of your teleclass. I look forward to the next one in August.

  2. Brandi on July 17, 2008 4:26 pm

    Is there a referral fee for sending private money lenders to Lassiter Mortgage?

    How safe is your money as a private lender?

  3. Susan on July 17, 2008 5:36 pm

    Auriel - thanks!

    Brandi - Yes, we can discuss a referral fee. the investment is secured by the underlying real estate and all our borrowers are underwritten against strict criteria. in the event that something goes south the property goes to the lender with a 30% equity position.

  4. Anthony on August 4, 2008 3:57 pm

    Hello,
    You mentioned on your conference call the you pay your investor lender 14% on a annual base per month, is that broken down to: If an investor give you $150,000 to loans at 14% the return is $21,000, do you divide that by 12 and pay them $1750 per month?
    Also on the take out loan, if that becomes an option does the permeate financing come the from the current investor who originally funded the project or do you bring in a new private money investor?

    Thanks, Anthony

  5. Susan on August 8, 2008 2:55 pm

    Hi Anthony, yes the ROI is annual so it if the loan amount is $150,000 the private lender receives $1750 per month.

    The take out loans are merely refinances into conventional permanent loans and they are placed with conventional and portfolio lenders not private lenders.

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