How to make money doing the 40k Flips

I recently sent you an information packed webinar

featuring  my friend John Assaraff's Brain-A-Thon. If

you missed that opportunity then dont beat yourself up...

I am sending you another great free training webinar that

has the power to change your life forever.

I want to to take this moment to introduce you to

Josh Cantwell.   

He’s having a training where he’s going to show you 
the exact blueprint he used to make $1,102,410 in the 
past 23 months focusing just on properties he could 
make $40K or MORE. 

Click Here To Register For This FREE Training. 

Best part?  He used none of his own cash or credit. 
He’s been using a timeless formula for making up to 
$40K per flip for the past 10 years… 

…at the same time that “normal” investors stuck their 
head in the sand and waited for “better days” to come. 

Best part?  He didn’t have to swing a single hammer 
or deal with the usual hassles of real estate.  All he 
did was follow a simple system and let other people 
do the work. 

And for a limited time, he’s going to show you a formula 
that’s working right now in 2014.  It’s called 40K Flips 
and you can get started by signing up here: 

Discover how to flip houses for 40K and up here. 

As of this writing, Josh has 11 deals on his board 
right now.   He usually closes 2-4 deals a month while 
all the “naysayers” are saying real estate is dead. 

And on this webinar, he’ll show you: 

—How to get investors to beg you to fund your deals. 
These are “insider” secrets most investors don’t know. 

— How to pocket $3000 to $7000 every time you BUY 
a property.  This is in addition to the 40K you’ll get for 

each and every deal when you flip them.   

— How Josh sells a property in as little as 90 minutes. 
Most “normal” investors take 2-3 months to sell a 
property, which is a huge time suck! 

— How to stop wasting money on marketing expenses 
using these 5 “secret” methods for generating as many 
deals as you can handle (most investors don’t know this)! 

— How you can get paid an average of $42,300 cash 
back at closing when you buy houses. 

Plus Case Studies like 2312 Iota Ave where Josh

made $38,238 dollars 

Listen: if you’re already doing deals, you HAVE to be on 
this webinar to discover some “insider” tricks that could 
lead to even larger and more consistent paydays for you. 

And even if you’ve never done a deal before and 
want to get into real estate, this webinar could be a HUGE 
eye opener for you. (He’ll show you how to get paid when 
you buy and even more when you sell.) 

It’s all happening on this free training. 

Click here to sign up and start banking 40K per flip. 

FREE ONLINE CLASS $40K Flip Formula profit over $835,225.00

http://40kflips.com/webcast/webinar-register.php

Hard Money Lender

So many first time investors are curious about hard money lenders. Who are they? What is it? How do I get some? Is it beneficial? Let me share with you some of the basic principals about hard money lenders. First of all, lets determine what the term "hard money" means. When money is discussed between investors, it is considered to either be "soft" or "hard". Typically soft money is easier to qualify for and the terms are flexible. Hard money, on the other hand, is just the opposite. It is much more restrictive. Not in that it's more difficult to obtain, but the terms are very specific and much more strict. They have to be, because most hard money comes from private individuals with a great deal of money on hand. This is why hard money is also referred to as "private money". The money used for investment purposes comes from people, just like you and I, not a typical lending institution. So their first priority is to protect their investment capital. This is why the terms have to be so strict. If it were your money, you would want the same.
So what are some of the terms of "hard money lenders"? Obviously it varies from lender to lender. It used to be that hard money lenders would lend solely based upon the deal or property at hand. They would only lend up to a certain percentage of the fair market value of the property, that way in the event of default, the hard money lender would profit handsomely if they had to foreclose or sell to an end buyer. Now, you will find that many hard money lenders, if they want to stay in business, require more than just equity to qualify. This is because the laws now are favorable for consumers. Consumer protection laws, time consuming and expensive court procedures, and so on have forced some hard money lenders to become even harsher when applying for a loan.
It is good to know what the terms are when dealing with a hard money lender so you can find the one that will fit your needs. Here are some of the terms you can expect to see. Typically they will only loan you up to 70% ARV (after repaired value). This means that a hard money lender can loan you up to 70% of what the home is worth in repaired condition. So if you find a home worth $45,000 in the condition it's in, and needs $20,000 in repair work, and after it is repaired the current fair market value is worth $100,000, then typically they can lend you up to $70,000, which would cover the cost of the house and the repairs.
Other terms you can expect are high interest rates. Interest rates vary from 12% - 20% annually and terms can last for 6 months to a few years. Many times these rates vary depending on your credit score and experience. In most cases, there will be closing costs or fees to use hard money. Typically hard money lenders will charge anywhere from 2-10 points just to use their money. One point equals one percent of the mortgage amount. So charging 1 point on a $100,000 loan would be $1000. These are all important things to consider when choosing a hard money lender.

Other things to consider are how quickly funds will be available. Many times, when you find investment properties, you need to move quickly. Your ability to get access to money quickly can make all the difference. It's important to begin relationships with potential hard money lenders as quickly as possible. You also need to be aware of pre-payment penalties. Pre-payment penalties can really hurt your deal and cut into your profits substantially. Try to avoid pre-payment penalties.
Many hard money lenders today will also require you to fill out a credit application that may ask you for W-2's and or tax returns, your most recent pay stubs, and bank statements. Again, it's all about protecting their assets. Yet, some like the old fashion way where they only care about the deal so they do a drive by or physically look at the property. Again it all depends on whom you deal with.
When should you use a hard money lender? Hard money is great for beginning investors who may not have money or for those who have bad credit and cannot qualify. Investors also use hard money when they need to purchase quickly. Typical soft money or conventional loans take 30 days or more. Sometimes that is to long. Using a hard money lender is also a creative way to finance a property. Most like to call it "Nothing Down". If you can borrow enough money to buy the property, fix it up and then sell it under market value for a profit, then you've just made money without any of your own money. Sure it will cost you money to borrow that money, but the rewards out way the expense.
How can you find hard money lenders? There are hundreds of hard money lenders waiting to lend you money. It could be your next door neighbor. The best way to find hard money lenders is to talk to a mortgage company and ask for referrals. You can also call a title company or a real estate agency. They deal with buyers and sellers of houses every day. Shop around until you find the best one that will fit your needs. Another way is search online for hard money lenders. Some will lend nationwide - these typically want a credit check. If you find a hard money lender in your area, they may just do a drive by.
Now that you know a little more about hard money and how it works, you can make an educated decision if you want to go this route. You can get a list of hard money lenders when you join our newsletter. Understand there are several out there. It is a good idea to shop for the best one to fit your needs. Then you can establish a long term relationship with them. If you use them once and everything went smooth, you will more than likely use them again.