* Highly
Recommended *
I
just wanted to say thank you for putting The Billionaire
Way together for others to learn from as well as myself.
I have made it a mission in my life to learn from the greatest
minds in history and business.
I
came from a humble beginning… searching. I found
what I needed to know in The Billionaire Way. My most
important lesson was they are all human just like you and
me. They had special skills which anyone can develop to attract
that bit of luck we all need in life… that extra edge.
These
lessons can be learned in The Billionaire Way and you don’t
have to spend your whole life as a mission, as I have, to
find what I found here in The Billionaire Way.
I
enjoyed our call. It put the final touches together that
I have needed. If I do happen to get stuck on something thanks
for saying I can contact you again. People look to
me for advice. It is reassuring to ask and receive advice
and have an enriching conversation… I find it is rare.
Thank
you
Aaron
Kaggie
President. of Kaggie Holdings, Inc.
Kearns, Utah
Now
you can have a free one-on-one phone consultation with billionaire
mentor Bob Cox. As a special offer to Early to Rise readers
he will offer a free phone consultation to anyone who purchases
his Billionaire Way Program.
Please
click here for all the details on this unique program.
"Boys,
they can't take my refrigerator now. They'll never get
my car now. I paid cash for 'em and they're mine, and I'm
keepin' 'em!"
-
Patsy Cline
Financing
Big Real Estate Deals With OPC (Other People's Cash)
By
Alan Cowgill
About
a year ago, Robert Anderson purchased a $1.8 million apartment
complex with all cash - and not a cent of it was his own. He
did it without filling out mountains of paperwork and without
depending on bank approval of his credit history or financial
situation.
He
owned the property for seven carefree months, never once making
a mortgage payment. And in April 2006, he sold the building
for $3,385,000 - walking away with a cool $1.2 million profit.
By
the way, did I mention that this was Robert's first investment
real estate deal ever? Or that he was pretty much broke when
he did it?
In
other words, if Robert Anderson can make it happen ... you
can too. And today I'm going to introduce
you to the somewhat unusual method of financing that will enable
you to structure "Big Deals" like this for yourself,
regardless of your credit, experience, or employment history.
An
Unorthodox but Effective Way to Access Large Cash Reserves
I'm
talking about Private Money Lending. You may have read my
recent ETR article on the subject, where I
discussed the two most difficult parts of real estate investing.
The first is knowing how to find the right property to invest
in. The second is getting the money to buy it. This is true
for a $100,000 fixer-upper or a $34 million development project.
And private money can work just as well for either.
Let
me back up for a moment and give you a quick explanation of
what Private Money Lending is.
Private
money lenders are not lending institutions, mortgage brokers,
or formal entities of any kind. They are just regular people
who happen to have cash available to invest. Rather than put
their money into low-yield CDs or stocks, they choose to lend
you the money for your real estate projects.
Because
you are working with individuals, you don't have to deal with
the usual headaches of qualifying. And you have room to structure
unusually flexible deals (including no monthly payments, which
is a huge advantage).
What's
in It for Them?
You
may be asking yourself, "Why would anyone invest their
money in my project?" This is a good question, with an
equally good answer. It's because your private lenders will
make good money - often much better than they would with other
vehicles.
For
example, Robert Anderson borrowed the money he needed for that
$1.8 million apartment complex as a one-year loan at 15 percent
interest ... with no monthly payments. When Robert sold, his
lender got a nice check for $270,000. Robert got the flexibility
he needed, and his lender got a nice return. Both parties walked
away satisfied.
Aside
from the appealing financial returns of lending out private
money, many investors are looking for a way to diversify their
portfolios to include real estate, but do not want to take
an active role. Lending you the money is the perfect way for
them to receive "passive" income from real estate.
So,
how can you attract
private money to fund your own "Big Deals"?
The
process for attracting private money is pretty similar whether
you're buying small single-family homes, strip malls, office
towers, or apartment complexes. And in my next article for
ETR, I'm going to give you my best secrets for impressing every
potential investor you meet. That means making them feel totally
at ease with your personal reliability and credibility. It
also means presenting specific projections about your real
estate deals in such a way that the deal sells itself.
But
though the process of attracting investors is the
same for small projects as it is for larger ones, there may
be some additional rules you need to follow on the operational
side of things. That's simply because, in most cases, your
larger projects will require you to pool money from several
sources to fund the entire amount. And pooling money requires
you to abide by certain SEC guidelines.
Staying
on the Good Side of the Law
Pooling
money is different from working with individual private lenders,
and it takes a different approach. Each state has its own laws
and regulations, as does the federal SEC. In most states, it's
legal to pool money after you've filed some paperwork and structured
your business properly. I don't have the space here to go into
every state's specific rules - but before you structure any
deals, make sure you have a clear understanding of your state's
regulations.
That
said, there are two basic steps you'll be taking when you pool
money:
1.
Use or form a new business entity.
You
should choose a corporation (which could be an S-corporation)
or an LLC (a Limited Liability Company). Some states have different
filings available, depending upon whether you have a corporation
or an LLC, and LLCs are sometimes treated as partnerships.
Most states won't allow you to pool money when you're operating
as a sole proprietorship or DBA (Doing Business As).
2.
File the appropriate exemption paperwork for your state.
Because
you are essentially making a "public offering" when
you seek to pool private money, it is considered a security
by the SEC. By filing the appropriate exemption, it allows
you, as a private investor, to do so without being a mortgage
broker or having a special license.
One
of the things I stress with my students is that you shouldn't
be pooling money from private lenders unless you make sure
you're in compliance.
As
I mentioned earlier, in my next article for ETR I'll be sharing
the step-by-step process I've used time and again to attract
and impress private lenders. I'll also share a great story
about how one couple is using these same steps ... and is on
the road to a $16 million profit on one commercial deal.
[Ed.
Note: Alan Cowgill is a speaker, author, and real estate entrepreneur
who has bought or sold over 200 investment properties.
We're
hosting a private teleseminar with Alan next week. He'll be
sharing his biggest secrets for quickly finding private individuals
to loan you money for your next real estate deal. There are
a limited number of FREE
seats, so reserve yours now. ]
* Highly
Recommended *
Start
Making Money Today
Interested
in getting a nice little side-business going on the Internet?
Or maybe even from your living-room table?
But
you don’t have too much money, you don’t have too
much time, and you’re not exactly Bill Gates when it
comes to technology. Sound familiar?
A
lot of people are in the same boat. The good news is that ETR
has heard you. And now we’ve done something about it...
We’ve
asked our colleague Marc Charles to be on the lookout for profit
opportunities that can be run from a kitchen table, your desktop
or out on the road.
Criteria?
They’ve got to be inexpensive, easy to start, and still
have great income potential, but without a lot of red tape.
They
say when you’re first getting your feet wet with a side-business,
the most important dollar to make is the first one. Well, Marc
is an expert at taking beginning entrepreneurs and showing
you how to make that first buck. He knows, because he's done
it dozens of times for himself, his family and his friends.
If
you've been dreaming about starting your own business ... now
you can get started for about the price of 2 lattes.
And
get this - you could be making money literally just hours from
now. Imagine the feeling of finally getting a side business
launched -TODAY!
Why
not go for it?
-
Patrick Coffey
4
Antioxidants That Protect Your Heart and Your Gums ... at
the Same Time
By
Al Sears, MD
Back
when I was in med school, a friend/mentor told me something
that seemed revolutionary at the time - that taking care of
your teeth can save your life. Why? Because if you have gum
disease, you are more likely to have a heart attack ... and
half of all heart attacks are fatal.
Today,
I just got very convincing evidence of just how important this
connection is. The Dental Longitudinal Study by the Department
of Veterans Affairs followed 1,147 men for 18 years. Those
who had severe gum disease had a 150 percent greater risk of
heart disease. They also had twice as many fatal heart attacks
as the control group.
It
is not a coincidence that the antioxidants I recommend for
your heart also help your gums:
- Vitamin
C reduces the inflammation associated with gingivitis. It
also repairs the connective tissues of your gums. I use 500
mg twice a day.
- Coenzyme
Q10 is capable of reversing gum disease and many cases of
heart disease simultaneously. (I've seen it help repair visibly
damaged gum tissue.) For preventing gum disease, I use 60
mg once a day. To reverse gum disease, I increase it to 100
mg twice a day.
- Folic
acid regenerates healthy gums. A number of studies show that
an oral rinse containing folic acid can be very effective
in treating gum disease. Some dentists have started carrying
these rinses, but you may have to locate one that's holistic-minded
in your area.
- Vitamin
E can help repair damaged gum tissue. 400 IUs per day will
suffice.
[Ed.
Note: For more useful advice from Dr. Sears to prevent and
reverse heart disease, check out The
Doctor's Heart Cure.]
Notes
From Michael Masterson's Blog: A Quick Trip to Japan, Part
1
Sitting
on the Plane: It's
three in the afternoon. I've read two papers, done two
crossword puzzles, written for three or four hours, and
am not yet ready to sleep. Yet everybody else on the plane
seems to be bedding down. The flight is 14 hours. We've
been flying for four hours. Why would they be sleeping
now? Hmm.
LP
picked me up at 5:30 this morning. I took a seven o'clock flight
from WPB to Newark. Then, at 11:00, I got on this flight that
will travel north and west over Canada and directly on to Tokyo.
I'll
be staying at the Four Seasons in Tokyo, which might be the
best hotel I've ever stayed at. I'm looking forward to testing
it against my previous impression. After I check in, I'll take
a taxi over to M's hotel and see what he's up to. He will probably
be lying around doing nothing ... if the weigh-in hasn't occurred.
If it has, he'll probably be eating.
He'll
be nervous. This will be the biggest fight of his life. If
he wins, he'll be a Pride world champion. He'll be famous and
reasonably well paid (at about a hundred grand per fight) so
long as he can maintain his belt. But the chances of that happening
for any length of time are not great.
Everybody
thinks I'm crazy to take this trip - to fly from Florida to
Japan just to watch M fight. I don't think it's crazy at all.
He's my friend. My Jiu Jitsu instructor. He got me backstage
passes to the event. How many chances will I ever have to do
something like this?
[Ed.
Note: Read the rest of this article on Michael Masterson's
blog at http://www.michaelmasterson.net.]
-
Michael Masterson
Quick
Tip for New Freelancers
By
Will Newman
If
you have a name for your freelance business, it's tempting
to invoice clients with that name instead of your own. But
if they write checks payable to the name of your business,
you may be in for some hassle.
With
the increased post-911 security concerning financial transactions,
many banks won't let you deposit checks made payable to a business
entity into your personal account. Instead, you must deposit
them into a business account.
Establishing
a business account isn't difficult, but it can require having
a legally established name registered in your county. This
process could delay your access to checks made in the name
of your business for up to a month.
[Ed.
Note: AWAI has put together a comprehensive "business
in a box" program that shows you exactly how to set up
a freelance business (and more). Click
here for the details:
* Highly
Recommended *
Could
You Use An Unlimited Supply Of Money To Do All The
Residential And Commercial Deals You Can Find?
“Alan,
I had some private lenders before, but your system has blown
the roof off my business! I’m buying more houses than
ever, and finding it much easier to do commercial property.
For
example, I recently bought a foreclosure for $60,000. It
needed $5,000 in repairs. So using your techniques, I financed
it with $70,000 from a private lender at 10%. Instead of
making a down payment, like I used to, I put $5,000 profit
in my pocket the day I bought the house. And I’ll be
selling it shortly for $120,000.”
-
Clark Fletcher, Quincy , FL
"Blow
the roof off" your real estate profits using private money. No
credit or employment history needed. Alan Cowgill will
explain it all in an exclusive teleseminar - limited seats
available now.
Word
to the Wise: Animus
"Animus" (AN-uh-mus)
- from the Latin for soul/character/disposition - is a strong
dislike or hostile attitude.
Example
(as used by Marilyn Stasio in a New York Times review
of Sue Grafton's M
Is for Malice): "To teach the poor
chump a lesson, the media mogul steals the burglar's lucky
ring, an act of scornful hauteur that brings out the animus
in Dortmunder."
