Video Vault is available
I have received hundreds of questions on Private Lending in the survey we sent out. I want to than you for your responses. Keep em coming. I have had my staff transferring some of them over to the blog as well so I could answer them directly. If you have more please post them.
I also created 3 videos to answer most of the big questions so watch them here.
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Paul, I just finished watching the 3 videos. I was only going to watch the first one but I got into it.
Thanks, that was great information. I am interested in finding out more.
REPLY FROM PAUL:
I am glad to hear it. The 3rd video is probably the most important of the bunch as far as protecting yourself from getting into trouble. The second though will help you grow your business though.
I appreciate the feedback.
Great video. I got through the first one and I will set aside the time tonight to watch the other two. I have gotten used to watching the 3-7 minute sales videos on a site but yours is just plain meat and potatoes.
Why didn’t you try to sell your product on it?
REPLY FROM PAUL:
Thanks, These videos are all about content. I figured if I could share with you just some of the stuff I know about lending that you will realize that there is much more to know. I put some good stuff in the videos that will be of use to everyone that watches it.
I just have so much that I was easily able to fill up hours of audio and 3 big manuals with great content. You should check it out once that I release it.
You didn’t answer the question I posted the other day. Would you please. I really want to protect myself.
I will watch the videos. I got about 10 minutes into the first and had to handle some stuff. The part of the video that I watched was great.
REPLY FROM PAUL:
Hi LiveGreen, I will post an answer to your other question right now. I understand your desire to protect yourself. I just want to point out that if you look out for your private lender first by choosing a good investment and making every effort to pay them back on time then you will as a by product take care of yourself as well. Because if you take care of yourself first at the cost of a private lender then you will ultimately lose, because lenders will not want to do business with you in the future.
I appreciate the videos. I just finished watching the second one. The Exponential Growth Effect concept was very interesting. I can see how it would work really well. It makes sense.
REPLY FROM PAUL:
No Problem. “The Exponential Growth Effect” is my favorite part of the system. It can take any business to the next level.
Thanks for the Videos
REPLY FROM PAUL:
You are more than welcome. I am glad you enjoyed them and I hope they were a help to you.
Thanks for the information. The video format really helps. I especially like the Legal Pit Falls video. Answered so many questions I didn’t even know I had.
I learned more in your 3 videos than I did in the last 2 eBooks I bought on the subject.
REPLY FROM PAUL:
Thanks for your feedback. I felt that I gave some good information in the videos.
second video was great. I know that it will change my business.
REPLY FROM PAUL:
Glad to hear it. The Exponential Growth Effect really works when applied properly. It just speeds up the growth of a business because you are able to free up your money to build your business.
After watching the videos I understand more about Private Lenders. I always assumed that Private Lenders and Hard Money Lenders were the same.
REPLY FROM PAUL:
Nope JennyL, many people use the names interchangeably but they really are different. I appreciate working with private lenders on my projects because they are more flexible and easy to work with.
I UNDERSTAND IT MORE NOW. I WATCHED YOUR CRACKING THE VAULT VIDEO AND I LEARNED ALOT. HOW CAN I WATCH THE NEXT TWO VIDEOS? I COULD NOT FIND THEM ON THE SITE.
REPLY FROM PAUL:
Hi TraderRik,
You will need to put your name and email in the boxes on the right and we will send you an email with the link to the next two videos in your email.
I posted a question yesterday that was not addressed in the videos. I am still concerned with how to speed up the process. How can I get lenders now rather than waiting months for them to warm up to me?
REPLY FROM PAUL:
I understand the sense of urgency. While there are ways to speed up the cycle from the time you first talk to them until they invest you need to be aware of a few things.
It is kind of a slow dance. Getting to know your lender and getting them to trust you. You may have to start small with small amounts of money. Working with private lenders is all about relationships.
Another is that if you sound desperate or approach them in desperate need for money you may end up being on the short end of the negotiation. You want to get them begging to invest with you instead of you begging for their money.
When dealing with a non-accredited investor you also have a responsibility to ensure that your investment is right for them and that they will not be substantially harmed if they loose their investment. This is according to most state and all federal guidelines.
It takes a while to get to know them. How much time is determined by how much contact you have with them.
Thanks Great info!
I didn’t receive the email with the link to Video 2 & 3. Please resend.
REPLY FROM PAUL:
It has been resent. You should check your junk email folder to see if it was sent there. You can also add the address to the Whitelist or approved section in your email program.
I didn’t realize that there was a difference between a hard money lender and a private lender. I have searching in the wrong direction thanks.
I am still worried about getting in over my head with a lender. Also I don’t understand why you are not looking for the lowest interest… Please explain.
REPLY FROM PAUL:
The cost of money is not the issue for me it is the availability of the capital and the speed at which I can get it. It would cost me more to miss out on a deal than paying a good return to my lenders.
I am a buy and flip investor, meaning that I don’t usually hold a lenders money for a long period of time. I think the longest time I have done so is a little over 28 months. I will use this money on a house that I sell on Lease Option and that will allow the tenant buyer to qualify and then purchase the property outright.
I have borrowed money for my company to use on a long term basis and secured the lender on a keeper property. I then used this money on marketing and capital expenditures.
I hope this clarifies things.
How is your product different than the others out there? I already own Alan Cowgill’s course why should I buy yours when it is available?
REPLY FROM PAUL:
Great question. I bought that product as well. As a matter of fact I attended his very first bootcamp. How we differ is that we go deeper into the following:
- SEC and keeping it legal
- Lead generation products and marketing
- Syndication and hedge funds
- Advanced seminar strategies
- Our proprietary “Asset Bastion” investment assessment software
There are many more differences but these are the points where we really shine over the competition.
I am working hard at my business and lenders are just one aspect of it. Can I hire someone to help me in this aspect of the business. How can I stay clear of the SEC regarding licensing issues?
REPLY FROM PAUL:
If you have an employee do this for you, you should be fine as far as the SEC goes. The only thing I would caution you about is that this is going to be important to your business, is this something you want to have an assistant or somebody other than yourself doing for you?
I would have no problem having an assistant set up and coordinate the seminars and sending the marketing for this effort but not talking to potential private lenders.
As a Real Estate Investor you should concentrate on finding Private Money, talking to sellers and marketing. Everything else you can outsource.