Private Money Q&A Marathon!

Thanks for all your fantastic questions, everyone! We’ve been getting a lot of great feedback that this information has really been helping people, so please keep your questions coming, and we’ll keep answering!

In order to catch up with the swarm of e-mails coming in, I had to record nearly 30 minutes of video to get all your questions answered. In an effort to save you time, we’ve listed all the questions below and have indicated which video (parts 1-3) they are answered in. This way, you can just jump straight to the answers you want rather than watching 30 straight minutes of video if you don’t have time.

We will be posting Part 2 of our instruction on how to get your name in the media, and keep it there. Stay tuned for that.

Thanks to everyone below for your GREAT questions. Keep them coming!

Video Part 1 of 3

I can’t get a loan right now to buy a house for owner occupancy. Any other way to get a mortgage?
- Brenda K
San Jose, CA

I tried to get money to do a rehab. Own the property free and clear. Where do I start to get funds for rehab. Forget the bank – not doing unless I show tax returns.
- Gwen P
Illinois

I have a client building a 5 star hotel – need $60 million to build – owns the land free and clear, property worth about $15 million. He’s willing to give 50% after hotel is built. Any suggestions?
- Andy N
California

Need private money lenders for several folks that we are working with. How do we find them? These are people needing from $500,000 to $5 million.
- Bruce J
California

Have real estate and mortgage finance company here; we are looking for – #1: venture capital to ride out the next 18 months #2: hard money and commercial lenders. We have 4+ bn in the pipeline, and have had a hard time finding anyone real that can fund in today’s market. We are getting scammers looking for DD fees, etc.
- Jonas S
Puerto Vallarta, Mexico

Video Part 2 of 3

Where do I network to find private lenders willing to let me use proof of funds letters?
- Tom L
Whiting, IN

Do you have the dates confirmed for your private money workshop in Denver? I would like to make travel arrangements asap.
- Daniel S
Hartford, CT

I was told that I could apply for a grant with the City of Bakersfield. Tell me how I can apply for a grant to start investing in properties. I am a Realtor.
- Olga E
Bakersfield, CA

Hi, Chris. I have a large lump sum of tax-deferred money to invest. Where do you recommend investing: Notes, Real Estate? I don’t need the money for maybe 3 years, so how best could I grow it? Also, what’s your take on ppm with a company called – they claim 44% return annualized on one of their projects.
- Rod E
California

Video Part 3 of 3

Recently retired. Can you recommend the best way to roll my IRA lump sum into. My choices are custodian, with what seems to be large fees, or self-directed IRA llc with checkbook control, or another option is the solo 401K but you have to have a business to qualify for this. Any ideas to be most affordable, efficient and keep the IRS at bay?
- Rod E
California

Refer some investors our way; we specialize in REO. What have you heard about the banks and reo?
- Pete P
Kansas City, MO

I only know one hard money lender locally. He told me he is only investing in Southern Maine.
- Alice F
Maine

Do you know of any companies who have private funding? Everybody tells us find it, but it’s still a problem for me. I don’t want to ask my friends and family.
- Angie R
Mass.

I own a doublewide forclosure that I fixed up. I had a hard time getting a loan on it. When I got the loan, it was only for part of the amount that I invested in it. The rest is on a credit card and a home equity loan. I would like to get the whole amount rolled into one loan, but it seems that loans on mobile homes are impossible to get if it is an investor loan – I personally consider this home a second home since I have my two sons living in it. I would need a loan for about $110K. The home is worth around $125K. Any suggestions?
- Debbie F

I have a website – blogs and a lot of content on the net. However, I am not getting any private investors. Because of my illness, I can’t get out to REIAs and places like that. I need this to happen for me. Tell me what else I can do to get more investors via the internet.
- James B
Georgia

Also, if you have yet to master (or even begin) the power of private money in your business, come join us for our Private Money Bootcamp Spectacular (no, it’s not really called that, but was fun to say) in October. Here are the details:

When and Where?

Friday Oct. 23th – Sunday Oct. 25th
Renaissance Denver Hotel
3801 Quebec Street
Denver, CO
9:00 AM – 5:00PM

Just click here to register now! http://fastmoneywins.com

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