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Traci
loan officer
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Lenders Wanted
Thursday, September 06 2007 02:18 PM
My husband and I are getting into real estate investing and are looking for investors in the Rockford, IL area. I have found great deals and just need the cash flow to start. Please email with responses: cort@insightbb.com. Looking for under $100K investment with at least 30% returns. Looking for long term relationship.
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Marty Couch
Investor
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Re:Lenders Wanted
Friday, September 07 2007 10:08 AM
Hi Traci,
Just remember to make sure you use the money you get as a mortgage and not an opportunity to co-invest as the latter will sebject you to SEC laws.
Someone can give a private money mortgage. If they are investing with you in many cases you are selling securities without a licence.
If you are not sure how to structure these transactions, make sure to talk to an attorney.
Good luck with the deals.
Marty Couch
http://www.PPLChicago.com
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Randy Hughes
SFH Master Advisor
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Re:Lenders Wanted
Saturday, September 08 2007 11:50 AM
In addition to Marty's advice below, DO NOT BECOME A PARTNER WITH ANYONE! The liability is not worth the risk. If necessary you could put the property into a Land Trust and then each of the investors form a personal property trust to be the co-beneficiaries of the Land Trust. This will protect you from personal co-beneficiary liability.
Regarding the Securities Laws Marty talked about, you could sell the investor an OPTION to buy the property you are investing in. Then, the investor could exercise his option and gain his profits that way OR sell the option back to you for his profit. I believe this would keep you out of the securities law issue.
Randy Hughes
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don
realtor investor and private lender
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Re:Lenders Wanted
Sunday, September 16 2007 11:35 PM
Traci:
I just sent you a personal e-mail in response to your posting.
My Self Managed IRA funds loans using business or investment property as collateral/security. For more information, please contact me at dlwent1@comcast.net or my cell #224-715-0880
Don Werby
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