Learn

New Note

Create a note for yourself from this lesson. Notes allow you to quickly jot down any valuable information you'd like to review later. You can find your notes by clicking on "My Notes" in the profile navigation menu.

Funding

Private Money Demystified Part 3: Crafting the Investment

Want V.I.P. access to a $6,000,000 line of credit for real estate investing? Click here now →

(NOTE: What it's like to write a $1,000,000 check for a sweet piece of undervalued real estate … even if your bank account is overdrawn and you owe the local lawn boy $20? This special report shows you step-by-step.)

money faucetDoes the process of getting private money still make you feel squeamish? Or maybe it just flat out scares the pants off you.

Well let me just say, it doesn't have to.

Today we delve into the final piece of our 3-part, candid conversation with the Madame of Money, Susan Lassiter-Lyons, who's been gingerly walking us through something she calls the "I-Cubed Private Money Framework", and how she uses it to completely simplify the private money getting process.

Side Note: Susan's been a real estate investor since 1994, has raised $26.2 million in private money since 2004, has participated in 600 real estate transactions as an investor, broker, lender, advisor or syndicator, and has trained and coached 5,128 investors since 2009. So yeah…she knows her stuff.

In part one, we discussed how to target exactly the right people for private money, then in part two she walked through how to actually share your private money opportunity with them in an easy, natural way.

Today we’ll discuss, now that they've said “Yes!” …what next???

You’ll learn:

  • First question: Where is the money coming from?
  • How should properly use the “Self-directed IRA”
  • The 6 documents you must have at closing
  • How to protect your investor if something happens to you?
  • How to best structure the property insurance
  • Exactly how to handle the title insurance to make sure you and your lender are aptly covered
  • Best practices for communicating with your lender after closing
  • The greatest way to get referrals (i.e. even more private money)
  • And much more

From Susan Lassiter-Lyons, Funding Adviser...

{Mogul Elite: Download a transcript of this video, plus an MP3 version in the Power Pack Tools for this lesson}

 

Do It To It! Immediate Action Steps
  • Prepare a “Self-Directed IRA Custodian” you will refer prospects to (Susan uses Guidant Financial)
  • Establish a relationship with that Custodian
  • Connect with a closing attorney in advance, who can help you prepare the necessary docs outlined here when you’re ready to close a deal with private money.

Is there a topic you'd like to learn more about? Request a Lesson

Finished?

+ Mark as Learned

Valuable Lesson? Share it:

Interact

Request a Lesson

At RealEstateMogul.com, mogul_guarantee.pngwe’re committed to delivering the awesomest, most practical, actionable content to our members … and that a big part of that is getting YOU to tell us what you'd like to learn from us. Since our REI resources are basically endless, we’d love to tailor our upcoming training as much as possible to precisely match what you, our members, really need and want out of us.

jpsig.png Request form