Low Interest College Loan


Everyone of us can see the steady rise of the costs and expense that goes with the pursuit of education. For those with no ready cash or even financial aid and scholarships, they can always count on low interest college loan programs. Even those with partial scholarships can also turn to loans; however they must be careful about search for those with affordable college loan rate.

Not all can obtain scholarships and financial aids. This is because these forms of financial sources require rather stringent list of requirements that many students cannot fulfill or accomplish. That is why many students have no other recourse but try to obtain low interest college loan programs.

These days, in the competitive market of loans, it is quite easy to obtain financial loans, especially those with low college loan rate. Why so? This is because the market is filled with a great number of lending companies competing for a good share of student borrowers as potential clients. Many lenders are willing to offer only the best and most enticing financial incentives such as low rates that will certainly bring more borrower customers to their fold.

Therefore it is but important for student borrowers to do their homework and really work on searching for the best lending company, one that will give him the best low interest college loan. Indeed, competent and established lenders abound. Just go online, see and compare the benefits and incentives that they offer. Then you can choose which is the best that can provide you with your financial needs.
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Real Estate Investing and the Advantages of Private Money

With traditional mortgage and hard money lending getting tighter and tighter for most real estate investors - private lending is fast becoming the only option to finance your deals. 

What is private lending?  Private money is a type of creative financing that is usually provided by private individuals who have excess money that they are willing to lend at higher rates than they could get at banks or CD's.  Their investment is usually secured by the property you are buying and NOT by the borrower.  Unlike traditional mortgage lending, the terms and conditions will vary from one lender to another and they usually depend on the agreement between a you and the private lender.

Borrowing money from private money lenders is much easier compared to traditional banks and hard money lenders.  Because a borrower only needs the approval of a single person, he doesn’t have to deal with 4 inches of paper work and a 3 to 4 month approval process only to get reject after a long waiting period.  In addition, he doesn’t have to present lengthy documents and other credentials because private lenders are not interested with such things.  Private lenders first want to know the real estate investment makes economic sense first before they worry about other issues.

Because of such a scenario, real estate investors with poor credit scores can still borrow money from private lenders if they are prepared and the deal makes sense.  However, they must be able to show that their real estate investment makes sense and will generate enough rent to cover their interest payments and the property collateral is worth more than the loan amount.  Therefore, if an investor wants to borrow $125,000 from a private lender, he has to make sure that the collateralize property’s market value will hit the $175,000 with an appraisal once repaired and renovated.

One reason why many real estate investors prefer private money over looking for a business partner who will finance a project is that they can earn bigger profits.  Most private lenders ask for interest rates of 8% to 15% range while business partners are likely to demand a larger portion of the profits when you sell a property.

The key to getting private money is to be prepared and have a well thought out business plan and credibility kit.  Without these two items in place it is hard to image a successful business person giving you money if you do not impress the person with your well thought out business plan.  Take your time and be prepared to answer all the questions about the property such as what are the value of comps, what are rents in the area and what are the cost to fix up the property.  Also spend some time to develop your credibility kit to show your experience and knowledge as a real estate investor.
 

I invite you to learn more about Private Lending and get FREE instant access to a 60 minute audio and 20-page eBook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by going to http://realestatewealthtoday.com/FREE-eBook.html.

Mike Lautensack is a full-time real estate entrepreneur in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE Real Estate Wealth Newsletter go to Private Lender Money Kit .








50 Low or No Cost Marketing Ideas for Today’s Real Estate Investor Using Social Media!

Please join me Tuesday evening November 17, 2009 for a FREE teleconference at 8:00 PM EST and learn “50 Low or No Cost Marketing Ideas for Today’s Real Estate Investor Using Social Media!”

To sign up please go to Tuesday Night Teleconference Tips

Hope to see you there

Mike Lautensack
http://www.learnrealestateinvestingblog.com/

Real Estate Investors - How to Sell Your Property Before You Buy the Property - Build a Buyer List!

With your real estate investment business what is at the top of your "frustration" list?

Could it be trying to determine if a certain property is a good deal not? Trying to determine if your offer prices is "low" enough for you to make a profit in this market place.

For most real estate investors, this dilemma causes a lot of confusion and frustration. This is may be because your definition of a "good deal" may be skewed.

What makes a property a good deal? The answer is: one that has a ready buyer at a profit.

As long as you have a buyer ready and willing to buy that property and there is room for your profit, then you have a good deal on your hands. You can actual predict what your profit will be with the knowledge of the buy and sale price.

For example, if you know you have a property under contract for $120k and you can have a ready buyer lined up to buy from you at $130k you have a $10k profit locked in.

But the obvious question is how do you get a ready buyer?

You do this by building and maintaining a "buyer list". Building a list of ready buyers is the key. If there is a buyer from your list of buyers, who is in the market for the property you are looking at - then voila you have a good deal!

The way to build your buyers list is through aggressive marketing and here are 5 simple ways to start your list:
  1. Post an ad on Craig's List, Backpage.com and other local internet bulletin boards with ads like "I sell ugly houses" or"Fixer Homes Avaialble". Do this once per week and be sure to capture everyones email address for future follow up.
  2. Write down the phone number when you see "I Buy Houses" signs, ads, and websites. Call these investors and get their info, and let them know you're an investor and would like to bring them properties that are available. Add them to your list, and don't forget to get their e-mail address for when you automate!
  3. Hand out at least 24 business cards at REIA meetings and be sure to go to as many REIA meetings as possible. If you not sure about where meeting are go to Meetup.com and search your local area for real estate investors.
  4. Talk to everyone and tell them what you do and ask them to spread the words to their friends, family and coworkers.
  5. Advertise in small local newspapers that you have "Fixer" homes available for sale and provided a phone number and email address.
I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.

Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to Real Estate Investing Blog .

Real Estate Investing - Learn How to Make Money in Real Estate Without Cash

It is a widely held belief that if someone wants to invest in real estate market, he must be loaded with cash. The idea is not entirely true. If you don't have enough money you can still invest in real estate. The notion seems unbelievable at first glance but it's true. Real estate investing with no money to put down is a viable option.

In order to invest in real state without down money, you must be creative in your approach and devise various methods for utilizing other people's money to finance your transactions. Some of those innovative methods are listed below:

Use Double escrow

If you have a finance background, you must have heard of the escrow account. There is such a term as double escrow. Double escrow means buying and selling property at almost the same time. The money received from sale is utilized to pay the purchase price of the property. The sale price is a bit higher then the purchase price which is your profit. In a double escrow, profit is realizable only after both part of the transaction are simultaneously completed. Before going into this kind of transaction you must first secure both ends of the deal or you might end up in a jam.

Use seller's financing

Usually a property owner already has one or other lending facility. What you have to do is convince him that you are going to take over his mortgage for a specified period of time until you can find a suitable buyer for the property. When the property is sold, the sale proceeds of the property can be used to pay off the mortgage. The difference amount is your profit.

Mortgage Take Over

There is a paragraph in virtually all loan agreements which is called "due-on-sale" clause. This clause stipulates that when the title of a property is transferred, the lender has the right to demand full settlement of his loan. According to this clause it is the lender's prerogative whether or not to demand full settlement of loan. If you take over a mortgaged property and make timely payments there is every chance that the lender will not exercise his right of "due-on sale". This way you can buy properties without having to go through a credit check. The properties can later be sold to prospective buyers.

You might be discouraged in the beginning when you go and try out any of the above mentioned options. But there are great opportunities of making money in the real estate market without down money. The key is to build a workable real estate investing strategy and not get discouraged by early failures.

I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.

Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to
Real Estate Investing Blog.