Kim Tucker

Mid-America Association of Real Estate Investors Presents

DON DEROSA - PRIVATE LENDING 101

90 Minute Starter Presentation Tuesday June 9^th

Overland Park Marriott - 7:30 pm Fee for Non-Members

Meeting starts at 6:00 with Registration and Networking

MAREInet.com - General Meeting

All Day Workshop Saturday June 13^th

Johnson County Community College 9:00 to 4:30

Check & Networking starts at 8:30 Fee

MAREInet.com - Workshop

Don DeRosa presents

Using Private Money to Buy all the Houses You Want

The Ultimate System for Finding and Using Other People's Money

It's the best market to buy houses in years! But credit is tight. So you need to know how to find and use private money. Now.

Join Don DeRosa as he discusses how to get an unlimited supply of money through Private Lenders so...

• You don't have to qualify for a mortgage
• You don't have to pay thousands in points to hard money lenders
• You won't lose a deal because you need quick cash
• You don't sap your own credit line

Beginning investors and old pros can find immediate success using Don's simple system. Here are the five simple questions we'll answer about working with Private Lenders:

1. Why do you need private lenders?
2. What makes the perfect private lender?
3. Who are these private lenders?
4. How do you find them?
5. What paperwork and disclosures are needed?

Once you learn the answers to these questions, and combine them with the techniques for buying houses that Don will share, there is NO LIMIT to the number of houses you can buy every month. Think of that - your earnings potential is unlimited!

And, you'll hear exactly what Don tells potential private lenders to educate them and show what a safe investment alternative private lending is!

A few of the topics we will cover:

• The 10 Top Reasons why you absolutely need to know how to get Private Money
• Evaluating properties so you make $20,000 on every deal
• How to know how much you'll need to borrow from your private lender
• Don's top marketing tactics for finding private lenders
• Building a Private Lending Credibility Kit
• Disclosures you need to protect yourself and your lender
• How to utilize 401Ks and IRAs
• What paperwork you'll need
• What the regulations are for your state
• How exit strategies impact the type of lender you need

Here are just some of the reasons you absolutely need to know how to use Private Money for your Real Estate Investing...

1. Some deals don't work with traditional bank financing

•· You must close within days to get the deal - banks don't work that fast

•· The bank won't lend money without certain required repairs on a property

1. You won't survive the cash flow game if you use your own money -

•· Between acquisition costs, marketing, holding costs, repairs and selling expenses, you may exhaust you credit line

1. Having private lenders lined up increases your ability to make all-cash (read: lower) offers

•· Many sellers need cash now - you will have access to cash that your competitors don't

1. Exit strategies will be quicker and more profitable
2. You can negotiate flexible terms with your lender

•· Private lenders are more flexible with payment terms, making it a win-win for both parties

1. You do not have to share or split the profits with partners - paying 10% on borrowed funds is cheaper than splitting 50% of the back end profit
2. Banks will eventually limit the number of loans you can take out to buy investment property

•· When that super deal comes along that will make you $100,000 next month and you can't get the cash to buy it - you'll wish you had access to private money!

1. You can avoid high closing costs - to banks or hard money lenders

•· You'll avoid paying thousands out of your profits in fees and points that banks charge to make money

1. You don't use your credit, so no credit report is required
2. You can buy more expensive houses where the profit potential might be huge

90 Minute Starter Presentation Tuesday June 9^th

Overland Park Marriott - 7:30 pm Fee for Non-Members

Meeting starts at 6:00 with Registration and Networking

Visit with Vendors: Tucker One Properties, Inc., Realty Resource of KC,

REO Insurance, Tile and Stone Warehouse, T.O.T. L Renovations

7:15 Announcements

7:30 Presentation

MAREInet.com - General Meeting ß click to preregister

Non-Members $25 at door or $15 w/ preregistration

Never Attended, read June Newsletter for first time guest pass

All Day Workshop Saturday June 13^th

Johnson County Community College 9:00 to 4:30

Carlsen Center Room 211

Check & Networking starts at 8:30 Fee

MAREInet.com - Workshop

Print Paper Registration to fax to 816-523-4448

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About Don, who was featured in the NY Times best seller The Millionaire Real Estate Investor:

In the course of researching The Millionaire Real Estate Investor, we interviewed more than 100 millionaire investors from across the US and Canada. They were all people with extraordinary stories and success. Don DeRosa's story was compelling enough for us to profile him among the top 21 exemplary investors featured in our book. He clearly stands out as a knowledgeable investor who is playing the game at the highest level. We were extremely thankful for his contribution to our book...

Jay Papasan, Co-author of New York Times bestseller The Millionaire Real Estate Investor

Excellent "how to" tool to walk you through creating relationships with private lenders, including initiating contacts, collateral material, and documentation required for closing and working with self-directed IRA funds. Mary Ann T., Atlanta

This course connects all the dots for me. I had previously taken Don's other courses - Short Sale Profits Made Easy and Building Wealth with Real Estate. Private Lending 101 is the final piece to my real estate wealth puzzle. I look forward to making a great deal of money, thanks to Don...Barrett M., Decatur, GA

Hey, Kansas City Rainers.

We have an out of area buyer who is looking to spend some money in Kansas City.

• Income properties (mobile home parks, storage units, apartments, neighborhood retail centers, leasehold interests)
• 1-4 family properties on oversized lots which can be easily re-zoned
• Valued added opportunities
• 10% cap rate preferred starting point
• No War Zones (meaning if the average vacancy for the entire city is lower in the neighborhood where the property is located)
• Negotiable/Realistic Seller

Joe's Buyer above

If you own something with the above criteria and are interested in selling or if you represent a seller looking for this please contact us over at Realty Resource.

We also have a buy looking for a small, rural, mobile home partk - around KC Metro - Pauls Buyer

To contact us - give us a call at 816-523-4400

I just stumbled upon a yet another new social networking site that has a bunch of contracts, forms and checklists that the real estate professional might find helpful and can download for free.

Go to:

http://www.real-estate-proforma.com/login//index-members.php#contracts

For Dallas, St Louis, and Kansas City Areas

I was talking to one of our agents the other day, Chris Dawson with Realty Resource and he had a recommendation for a web site to find tenants for your rentals:

http://rentsourceinc.com/

He said when he put a house on the site that he had so many calls for the property that he rented it very quickly. He was not sure how rentsource makes any money, as posting the property was free.

In visiting their site it seems that the potential tenants are charged. Which tells me that if the tenants are paying for the service that they have at least $85 and could be a good screening tool in itself for tenants.

Has anyone out there had any experience with this site?

If you are selling your own house or listing a house for someone else.

Keep all Personal information under lock and key. Here's why . . .

I was visiting an occupied home for sale. It was an open house with people walking through the home un attended. On the desk in the home office was a post it that listed the names of all online accounts, user names and passwords. Anyone could have picked that up, taken it home and had a hey day with the sellers bank and credit card accounts.

Also they had mortgage statements and bank statements in unopened envelopes stacked neatly on the desk - easy access for anyone to walk away with.

Please take all those items and put them away - preferrably in a locked desk. We always think about cash and valuable items in a house when showing, but many people forget about bills and the like in the home office.

One thought for your passwords would be to find a post it note or file you have with in your computer where you can note use names and passwords - I keep mine in my email system under passwords. Of course you need to remember to then log off your email system. But at least it is not easily accessible and easy to pick up and walk away with.