(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.)
Does 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:
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First question: Where is the money coming from?
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How should properly use the “Self-directed IRA”
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The 6 documents you must have at closing
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How to protect your investor if something happens to you?
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How to best structure the property insurance
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Exactly how to handle the title insurance to make sure you and your lender are aptly covered
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Best practices for communicating with your lender after closing
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The greatest way to get referrals (i.e. even more private money)
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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}
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Prepare a “Self-Directed IRA Custodian” you will refer prospects to (Susan uses Guidant Financial)
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Establish a relationship with that Custodian
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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.
Susan Lassiter-Lyons
is a real estate investor, author and trainer, well-known in real estate investing circles as the "Funding Specialist."
Susan is the author of Mortgage Secrets for Real Estate Investors, Flipping Fortune and the founder and editorial manager of http://www.TheInvestorInsights.com and http://www.GettingTheMoney.com