TTK, March, 2008: Finance Your Deals Like a Pro!

One of the biggest stumbling blocks stopping investors dead in their tracks time and time is again is financing. So often we hear "I've got the deal, now how the heck do I finance it?" For new investors, that's enough to bring their entire business to a screeching halt and send them back to their J.O.B. never to touch real estate again. Even experienced investors who know how to get the deal sometimes secure a property with their own hard earned money only to scramble to find the rest of the money to close. Many sleepless nights later, some do find the money... but many don't and lose their deposits, their pride, and sometimes their shirts. So this begs the question: "what's the best way to finance your deal?" Well that all depends on the particular deal, and instead of sharing ONE way strategy to finance your deal, we're bringing you FOUR different experts for ONE busy night! Instead of keeping it strictly to four experts, we let each presenter share their ONE strategy with you, and at the end, opened it up for questions. Our panel includes: Investor and Private Money expert, Joe Roche, shares his secrets for finding Private Money to fund your deals. This is one of the best ways to fund your deals with little to none of your own money, while providing friends, family and other investors with a healthy return on their investment! Specifically Joe covered how to find private money, what you can and can not say when looking for people with money and a few show stoppers to watch out for. Investor and Attorney David Leitner is an expert in asset protection and taking over properties "Subject To", as in subject to the existing financing. In this kind of arrangement, the financing is already in place, and you simply step in and start making the same payments the seller was making. David discusses the legality of "Subject To" takeovers, the "due on sale" clause of mortgages and when you can NOT use Subject To. Kurt Stenhouse, the owner of Capital Trust is an expert in the field of "hard money." When you borrow from a Hard Money Lender (or "HML" as they're known by the pros) it's typically short-term, high-interest, but quick and based on the credit of the deal instead of your personal credit. If you're looking to flip a property, or close quickly, HML can be a good bet. Kurt discusses what he looks for in a good deal, what you can expect from an HML and what to watch out for when going with hard money. Investor and Mortgage Broker, Bob Gere, gives you the inside scoop on financing a deal conventionally with the bank. What you might not know is that conventional financing can be one of the best way to finance your deal - if you know what you're doing and you have the right deal. Bob will cover where you should be credit wise to talk with the bank, different financing options available to investors and some of the surprises that can slow or halt a deal before closing.		Ready to Invest? Regular Price:  $79.97 Your Price:  $69.97 (13% Off!) Subsribers of our Foreclosure Data Service pay $59.97!
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