JUNE 6TH, 2009

06/06/2009, WASHINGTON LIBRARY IN TOLEDO, OH

“Could You Use An Unlimited Supply Of Money To Do All The Residential And Commercial Deals You Can Find?”

“How To Get All The Money You Need To Buy Property Even If Your Credit Is Shot, You’re Broke And Living Paycheck To Paycheck.”

From: Alan Cowgill
Re: 2009 Private Lending Expo

Dear Friend:

Imagine it’s two months from now. Your local competitors can never seem to line up financing fast enough. In fact, many of them are afraid to make offers because they don’t know how they’ll finance the deals. But you have an unfair advantage…

You’re surrounded by dozens of private lenders, ready and eager to finance your real estate deals. I’m talking about wealthy individuals who love getting a good return on their investment dollars. With their money.

• You always have cash to close the deal
• You’re buying dirt-cheap properties like there’s no tomorrow
• You make every offer with confidence
• You never take a dime out of your pocket. You always get 100% financing, plus the money you need for renovations
• You’re advanced part of your future profit the day you buy a property.
• Most of your loans have no monthly payments. (After all, you’re the one who defines the loan terms.)
• You never lose a bargain property to someone with “all cash” because you can’t finance the deal fast enough.
• You never pay points, fees, or prepayment penalties, and your closing costs are minimal.

And now that you’re free from using your personal funds, there’s no limit to the number of properties you can buy.

Friend, with the methods you’re about to learn, you too can have millions of dollars waiting in the wings – without jumping through hoops for bank loans, being ripped off by hard-money lenders, or getting blown off by sellers who fear creative financing.

If you have private lenders now, you’ll learn to attract so many more that they fight to loan you money. And once they’re in competition, they’ll gladly accept a lower interest rate. (After all, their only safe alternative is a CD that pays 4%!)

But your credibility is a huge factor. Without the right approach, you could be dismissed as a “fly by night”, wreck your precious lending relationships, or get trampled by the S.E.C.

My name is Alan Cowgill. Over the past ten years, I’ve perfected 16 methods for attracting wealthy individuals anxious to loan me money. I’ve bought hundreds of properties. And since 2002, I’ve financed ALL of my real estate deals (including renovations) with private money.

Today, I have several million dollars of private money invested in roughly 60 houses and small apartment buildings. So you can see why industry leaders call me the # 1 authority on attracting private money – and why I’m constantly asked to lecture at their conferences.

I want to show you how to duplicate my success and avoid the pitfalls. You’ll discover my bulletproof methods for attracting private lenders, making the right impression (as competent and credible), and winning their trust.

Why seasoned investors never use banks

If you still think banks are a good source of financing, read on.

I have good credit, but that doesn’t guarantee anything. I once waited 4-1/2 months to get a bank loan approved. If the seller had been impatient – which is common among distressed sellers – I would’ve lost the deal.

I’ve also found that you can’t count on your relationship with a banker. I did, and then one day the “regulators” came in and blocked him from doing investor loans. That shut me down instantly. When you’re at the mercy of banks.

• You lose all of the best deals . That’s because distressed sellers can’t wait for your loan to fund. They need cash today, not in 30-60 days.
• You’ve got to cough up a 20% down payment . So your personal funds are tied up, crippling your cash flow, and limiting the number of properties you can own at one time.
• You’re nailed with excessive points and loan fees.
• You can’t finance unusual deals, since banks are very picky about which properties they’ll finance.
• Your cash flow is wiped out by monthly payments.
• You could be approved, only to have the underwriters challenge at the last minute.

You’re also disqualified from borrowing when:

• You own “too many” properties
• You don’t have extremely good credit
• Your income or credit doesn’t satisfy the bank – a common problem when you want to finance high-priced properties, such as lakefront houses or apartment buildings
• You leave your salaried job , but your real estate business doesn’t yet have a two-year track record

Banks might have worked until now. But if you want to own more than a couple of properties at once, they’ll cripple you. Do you really want your hands tied by the strict underwriting guidelines of bankers?

Never again be handcuffed by “creative financing”

If you’ve already given up on creative financing, you can click here to skip this section. However, if you still rely on seller financing, lease options, and “subject to” financing, read on.

On those very rare occasions when sellers agree to creative financing, these techniques are great. They free you from using banks and hard-money lenders. But look at the downsides:

• You lose out on most of the deals you find – since 90%+ of sellers are afraid of seller financing
• You can’t buy REOs this way
• You often pay a higher price (to persuade the seller). And the experts who teach these methods are the first to admit this. How is it a “good deal” when you pay a premium price?
• You’ll find this method impossible in a hot seller’s market
• You lose out on bargain properties – because they attract all-cash offers

Heck, when you sell a property, which do you prefer? A term that leaves you cash-poor, with ongoing risk if the buyer defaults. or an all-cash offer?

Hard-money lenders squeeze you dry

If you’ve already ruled out hard-money lenders, you can click here to skip this section. However, if you’re still at the mercy of hard-money lenders, or you’re considering them, read on.

When sellers are distressed, they need cash fast. They can’t wait for bank loans, and they rarely offer creative financing. So without my private money secrets, hard-money lenders might be your only option. But there are far too many downsides:

• You’ve got to cough up a 15% down payment. This ties up your personal funds, cripples your cash flow, and limits the number of properties you can own at one time
• You’ve got to pay the loan back within 12 months – so you can’t lease option or owner finance the property
• You pay a high interest rate plus five points. And you get eaten alive by all of the additional padded closing costs. (When I used hard-money lenders, I saw $5,000 in padded fees, points, etc.)
• You’ve got to show good credit and tax returns. A decade ago, hard-money lenders loaned money solely based on 65% LTV, but today they’re a lot more like banks
• You’ve got to cough up your own cash for renovations – because your rehab funds are stuck in escrow. So even though you’re paying interest on this money, you don’t get it until after your renovations are validated by an appraiser. (And you have to pay for the appraiser.)
• You’re slammed with a huge pre-payment penalty – if you flip a house in less than three months

In short, you’re stuck with the lender’s hard-nosed terms. And your exit strategies are severely limited.

What interest rate attracts private lenders?

My proteges and I offer lenders 6-15%, depending on the loan period, and whether or not there are monthly payments.

If you’re like me, you’ll structure most of your loans so they have no monthly payments. (Interest accrues until your loans are paid off.) But you can entice your lenders to accept lower interest rates by offering them monthly payments – or loan terms of several years.

If you’re flipping houses and you only need cash for a few months, it’s not cost of the money that’s important, but the availability of it.

And if you plan to hold a property for years, a long-term 8% amortized loan will attract many private lenders. While 8% is a bit higher than a bank’s rate,

A bank loan is worthless if it doesn’t fund fast enough!

Sure, a bank’s rate may be lower. But that loan is worthless if you lose the deal to someone with all cash (or you don’t have the down payment.)

What’s more, those hypothetical “savings” are gobbled up by the bank’s inflated points, fees, and closing costs. (Not to mention pre-payment penalties later on.) You might have to hold the property for a decade to offset these overblown costs!

With 100% financing from private lenders, you can pay cash for houses and get them dirt-cheap. You can even borrow the money you need for renovations. So you can beat your competitors to the punch, then get your properties fixed and sold quickly. Best of all,

You have zero out-of-pocket costs!

Heck, every time I pay a lender 15%, I make $15,000 to $20,000 on each deal. If that sounds low to you, it’s because I live in the very small town of Springfield , Ohio (near my family) – and houses here are dirt-cheap.

Even so, my lender gets his high return and I make easy money. And I bring home a check the day I buy the house. Depending on your area, you could make a lot more.

I have protege’s in California who make $100,000+ with every flip!

For most private lenders, a secure 6-15% return secured by a mortgage is more attractive than a CD that pays 4%. The key is winning their trust. If they’re worried about the safety of their investment, even a 15% return won’t convince them. And you can burn your bridges by approaching them the WRONG way.

Don’t let overconfidence damage your valuable lending relationships

From time to time, I get emails from overconfident investors who heard my brief lecture and then jumped the gun. Excited by the benefits of private money, they ran to their friends and relatives for loans, only to be snubbed. When they were tested with specific questions, they stumbled.

They burned their bridges because they didn’t know the right way to “position” themselves and win the confidence of prospective lenders.

Please don’t make this fatal mistake. Once you burn your relationships, it’s very hard – if not impossible – to salvage them. Why risk being caught off guard with questions you can’t answer?

Why gamble away your hard-won relationships?

If you make the wrong first impression, you’ll be dismissed as an amateur or fly-by-night – and it will be difficult to ever reverse that perception.

Just knowing that it’s possible to borrow from friends and colleagues isn’t enough. To come across as credible and competent, you must be ready to answer all their questions.

See, lenders need to trust you to complete your renovations, make timely loan payments (if there are any), and pay off the loan balance as agreed. That’s why I created a four-day Boot Camp called:

“Where To Get The Money: How To Attract And Borrow Millions From Private Lenders – With Nothing Down And No Monthly Payments”

The faculty and agenda have never been duplicated anywhere else on earth. At this groundbreaking event…

You’ll learn how to make your phone ring off the hook with prospective lenders, win their trust, and create a limitless supply of money – ready to be loaned on your terms.

But you’ve got to act fast. Only 200 real estate investors will get to participate. And as I write this, we already have 125 signed up. many of whom were waitlisted.

If you wait until it’s sold out, you won’t be able to discover my private lending secrets. But if you act now, you’ll discover how to:

• Borrow with no down payment – using a property’s after-repair value to give your lenders security
• Borrow with no points or pre-payment penalties
• Borrow with no approval process, no credit check, and no tax returns
• “Position” yourself correctly so lenders accept your rules and terms
• Borrow 100% of the money you need for renovations
• Use your “all cash” position to negotiate rock bottom prices on the properties you buy
• Get a “cash advance” against your future profit . Just like me, you can go home with a check the day you buy a property
• Borrow with no monthly payments. Entice lenders to let interest accrue until you sell the property. This is the secret to cash flow management used by the “pros”

And that’s just for starters! What if I told you that in the first 24 hours of my first Boot Camp, ten people raised $4 million of private money, and in my second boot camp, eight folks in the first 24 hours raised $6.3 million of private money. Then in my third boot camp, we had a real barn burner.

In the first 24 hours, twelve of my students amassed $20.7 Million – using my simple, duplicable techniques!

My favorite part is their amazement at how easily my techniques work. Some students even find new lenders in the room by teaming up with other students on deals.

All this is detailed in my triple $50,000 risk-free guarantee, below. But first, let’s continue with the curriculum. If you’re fortunate enough to participate, you’ll discover how to.

• Borrow millions without having it show on your credit report. This will help keep you lendable when you need your credit for large projects
• Make your prospects beg to loan you money . Easily convince them that loaning you money beats any other investment
• Use private money to provide sellers with “walk away money” when you buy houses “subject to”
• Have money waiting for you . The moment you sell one property, have your next loan sitting there, waiting for you to buy another
• Use your own money to get stunning returns almost risk free
• Protect your assets by putting every loan in the name of an entity – without paying sky-high interest rates
• Supercharge your IRA and pension plan money to create a retirement bonanza
• Win the approval of your prospective lenders when they “test” you
• Discover the hidden pitfalls of credit lines – and the hidden costs of buying properties with your own cash
• Create a new income stream as a hard-money broker . When you have too many lenders and can’t use all the money – which will happen very soon – it’s a breeze to profit from this lucrative side business. (And your social status skyrockets when you’re the “money man” everyone turns to.)

Make your phone ring off the hook with calls from prospective lenders!

At this 1-Day Event, you’ll discover the same magnetic methods my prote’ge’s and I use to generate non-stop phone calls from wealthy individuals eager to loan money. You’ll be privy to the best and cheapest methods for getting all the private lenders you’ll ever need. For example, you’ll learn how to:

• Get invited as a guest speaker when local clubs and civic organizations have meetings. This will enhance your credibility and drive even more private lenders to your doorstep
• Generate calls from the six groups of people most willing and able to loan you money
• Multiply the response to your magazine ads – even without buying a bigger ad or changing your ad copy
• Start conversations with a 30-second “commercial” that makes people eager to jump on your bandwagon
• Rotate your newspaper ads for maximum response . Discover which section of the daily paper gets the biggest results on each day of the week
• Warm up your friends and colleagues . Learn my trust-inspiring approach to answering their questions – so you don’t make the wrong impression and scare them off

NOTE: Contacting your warm market is just one of the many methods I’ll teach you. if you’d rather not approach your friends or relatives, no problem. My other methods will make your phone ring off the hook with eager prospects too. You’ll also discover.

• Six ways to demonstrate credibility – and win the trust of prospective lenders
• Which magazines, papers, and newsletters are enthusiastically read by prospective lenders?
• Four key characteristics of people you should mail postcards to – so your list broker can compile an ultra-responsive list. By the way, during the Boot Camp, I’ll put my list broker on speakerphone to answer your questions. And I’ll give you his phone number too. (Since I only mail to people in my own neighborhood, we won’t be in competition.)
• How to blow the lid off your postcard campaign through repeat mailings. Find out how many times you should re-mail the same prospect, and how frequently

“OK Alan. Now my phone is ringing off the hook. What do I do next?”

Duplicate my standing-room-only presentation and instantly pile up loan commitments

When lenders reply to your ads, postcards, etc, invite them to a luncheon presentation. This is my proven method for getting loan commitments.

And on Saturday I’ll walk you through my luncheon presentation step by step. I’ll reveal my ten secrets to a successful luncheon. I’ll even give you a recording of this presentation on CD, so you can practice it at home. (Although it’s so simple, you probably won’t need to.) And I’ll also cover how to meet find Private Lenders using the following:

1. Power Point presentation: This compelling Power Point presentation consistently wins the confidence of prospective lenders. It turns “just curious” prospects into true believers eager to loan you money. And if someone can’t attend your luncheon, you can meet one-on-one and show it on your laptop
2. Slide show: With dramatic ” before and after” photos of houses I’ve rehabbed, this slide show makes a great impression on prospective lenders. Your prospects will assume that these are your rehabs – and that’s fine with me. If you prefer, you can say that these are “the kinds of houses” you invest in. Or say that they were rehabbed by one of your associates
3. Lender packet. Contains the four documents that secure lender loans: the promissory note, recorded mortgage, UCC-1 filing, and certificate of insurance naming the lender as mortgagee. This reassures your prospective lenders further – because it shows that you have their best interests at heart
4. Special Report: “Are You Expecting Social Security To Provide Your Retirement? “. Reproduce it for pennies, give it to prospective lenders, and let it do the selling for you
5. “A Safe Alternative To The Stock Market”. You won’t believe how well this audio CD motivates your prospects to loan you money. It’s a great substitute for prospective lenders who can’t attend your luncheon

You won’t believe how fast your money supply snowballs!

Using my techniques, your responses and referrals will spiral out of control. So you may decide to hire a phone assistant – like I do. If so, I’ll teach you how to screen and hire this person – and how to compensate them so you don’t get into trouble. You’ll also learn how to.

• Document your track record, then use it to attract an endless stream of referrals – from your friends, colleagues, and lenders
• Profit from the #1 best kept secret on how to get private lenders to your luncheon
• Position your loans as the only alternative to risky stocks and low-paying CDs
• Assume the right “posture” so you never come across as begging for money – a perception that can really damage you
• Create so much demand from lenders that you can slash your interest rate – and still have plenty of lenders lined up to loan you money! When you have too many private lenders, you can even turn away the ones who want too much influence on your deals
• Quickly screen out prospective lenders who’ll be more trouble than they’re worth. Learn the magic words to pre-screen lenders so you’ll be working only with easy going, qualified lenders. This one session can save you a lot of pain
• 12 ways to keep your lenders, and snowball your new relationships into bigger and bigger opportunities
• Handle paperwork correctly when using IRA money – so you never upset your lenders. Screwing this up can wreck your reputation

Structure quicker and more profitable exit strategies

With private money, you’re never tied down by someone else’s rules. So you have incredible freedom. As a result, there are six different exit strategies you get to choose from. And I’ll break each one down for you at the Boot Camp:

1. Sell for cash with no time pressure
2. Buy cheap, then repair and keep as a rental
3. Renovate and lease option the property
4. Renovate and sell with owner financing
5. Sell immediately with owner financing, and let the buyer repair with his funds
6. Lease option immediately and let the buyer repair with his own funds

In the last five examples, the buyer’s (or tenant’s) monthly payments cover your smaller payments. So you can pocket the spread. Even in a small town like mine, any one of these strategies would net you $30,000 to $50,000 per deal.

NOTE: if you borrow short-term money at a high rate loan, and later decide to lease option or rent that property (rather than flipping), I’ll show you how to switch out lenders – replacing the original high rate loan with a low rate 30-year loan.

You’ll also profit from two brand new components at this Boot Camp: pooling money from multiple lenders and staying in compliance with the SEC.

Combine money from several lenders with my cookie-cutter approach

What if you want to buy large commercial properties? Or houses that are very expensive? There may be properties you can’t finance with a single lender.

Since many of my proteges have run into this problem, I’ve paid my lawyer thousands in legal fees to create the proper steps and determine the proper legal documents for you. Now, after months of working with him, I can offer you a cookie-cutter approach to pooling money from multiple lenders – while giving them the security they expect.

Don’t risk being shut down by the S.E.C.

Here’s another first at my event: protecting yourself from the S.E.C. Before I become a force in the marketplace, most private lending occurred between friends and relatives. The borrowers had low profiles.

Now I have 1,000+ proteges seeking private lenders. Some called attention to themselves and some have been contacted by the S.E.C. (which regulates securities). They’ve spent a ton of time and money trying to satisfy this government agency.

Without this priceless information, you could face serious fines and penalties. You could even be shut down. If you cringe at the thought of IRS audits, then believe me, the last thing you want is trouble with the S.E.C.

Making millions with commercial property – inside secrets the banks don’t want you to know

Imagine having the freedom to buy all the real estate you want – without the limitations of banks or hard-money lenders. When you leave my event, you’ll have that freedom. And once you do, you’ll no longer be limited to buying single family homes.

Sure, houses are easy to buy, fix, and flip. But they don’t offer the huge monthly cash flow – or enormous profits – of commercial properties. I’m talking about apartment buildings, strip malls, office buildings, and warehouses.

Whether you want to fund a $250,000 strip center or a $50 Million apartment building… when you leave this class, you’ll have more savvy than many 20-year veterans. I dare say that you’ll have the equivalent of a PhD in the art of attracting money!

Don’t miss out on this FREE Event
Hey, All The Risk Is On Alan!

So how much are these inside secrets and magnetic methods worth to you?

Now that my previous events have generated so many overnight sensations – and so much word-of-mouth excitement – I’m sure I could charge $10,000 and still fill 200 seats. Especially since this is the first time my lawyer and I will share our newfound intelligence on pooling investor money.

That’s why my office staff has been pressing me to raise the price to $10,000. After all, this class won’t be taught by teachers trying to fake it ’til they make it.

Two other national speakers recently advertised their Private Lending events for $10,000 and who do you think they asked to speak on private lending at this boot camp? Yep me.

But this is my event and I’ve got the final word. So I’m delaying the price increase until next year. The upcoming 1-Day Event is FREE.

Your savings in closing costs alone will exceed your investment very quickly

The last time I borrowed $100,000 from a bank, I paid $1,500 in closing costs. If I’d borrowed that much using a mortgage broker, I would’ve paid $5,000 in padded fees, points, etc. Now compare that to my costs with a private lender.

On the same $100,000, I only pay for the title search, attorney fees, and recording fees. My closing costs fall to a modest $800 – half of what a bank would charge. And I can add that $800 to the amount I borrow. So there’s zero out of my pocket.

Event Date, Time & Location

Regards,

Alan Cowgill

P.S. Seating is extremely limited. Make sure to register for this once in a life-time opportunity to learn how to get all the money you will ever need to fund your deals.