Private Money Magnet Class
14. Jul, 2008 
4 Comments
Investor Insights Virtual Class
Original Air Date: July 12, 2008
In this 1 hour video, we discuss how to RAISE private money for your projects AND how to earn big returns by becoming a private lender. Just click the video below to start the video.
Listen to the mp3
Click here to download the mp3 of this class.
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Presentation Resources
Guidant Financial – To Get Info on Setting Up a Self-Directed IRA
I had a question regarding the use of private money for self directed ira’s. You mentioned in the teleclass about trying to get the payments deferred… how exactly can you structure this? I spoke with someone from guidant and he informed me that two ways I can approach private money lenders would be to have them put a mortgage on the property or be part owner of the LLC that houses the property. I inquired about structuring it as a deferred loan and he said the loans they give out has to be like other fair market loans that are out now and “balloon” payments aren’t really practiced.
Can you please ellaborate on this?
Thanks in advance.
I have personally worked lenders loaning from their IRA’s that have deferred payments. These are always done on rehab loans and deferred payments on rehab loans is quite common.
Susan I have a question that may or may not be relivant. When paying interest to your private money investors is the interest paid simple interest or compound interest.
Hi David – I always pay simple interest.