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How to Be A Successful Private Lender (even if you have very little money) with Vena Jones-Cox

with... Vena Jones-Cox

Want to be a private lender? Learn how to evaluate properties, borrowers, and paperwork at the complete all-day online workshop—with a bonus session on using wrap mortgages to turn a little cash into a big loan!

Saturday, June 10, 2023 9:00 AM - 3:00 PM

Which of these things is true?

#1 Being a private lender is awesome:

  • It lets you invest your spare cash at a high (relative to other secured, fixed-rate investments) rate of return
  • It’s hands-off
  • It lets you diversify your investments into other areas and other property types without having to buy properties in other areas or of types that aren’t “in your wheelhouse”
  • It helps your fellow investors reach THEIR goals
  • It helps people in your community create more housing for people in your community

 #2 Being a private lender is awful:

  • Your borrower can turn out to be incompetent, or a scam artist, or simply have something go wrong in their lives that make it impossible to pay you back
  • The market can turn suddenly and make it unlikely that your borrower can pay as agreed
  • You can end up with bad documents, or the wrong documents, and find out that your loan is unenforceable
  • Inflation can skyrocket, making what seemed like a good rate of return at the beginning of the deal look like a really bad rate of return a few years later
  • You can accidentally break a state or federal law, and end up in a costly lawsuit or even investigation by governmental entities you don’t want to be dealing with
  • You can straight-up lose all or part of your investment—and people do, all the time

 The answer, of course, is that they’re BOTH true and which experience YOU’LL have depends a lot on whether you know how to avoid those pitfalls…

Which is why, if you’ve even THOUGHT ABOUT lending your hard-earned money secured by real estate, you need to come to this all-day online Masterclass. You’ll find out everything you need to know to create the safest, most profitable, most win-win deals possible, including:

Exactly how a private lending deal is SUPPOSED to work, from the lender’s perspective, so you know when something’s ‘off”
How to screen your borrowers thoroughly—none of the common “She was the president of my REIA, so I thought she must be a good person” disasters for you…
What you need to know about any deal you’re putting your money in before you even CONSIDER wiring funds
The top 5 ways that con men scam private lenders (yeah, we know it would never happen to you…except con men get to stay con men because they’re GOOD at convincing people that they’re not!)
How to find good borrowers
What insurance and documentation you MUST have in place to protect your investment
How Dodd-Frank affects your deals, and the simple thing you need to do to comply
Where and how to deliver your money to make sure it’s safe

Plus, you’ll learn things that most private lenders don’t even know…

  • Why you might just make more money with less hassle with lower rate, longer term loans
  • How to find “skin” for the borrower to put “in the game” when she has no cash to put down
  • How to increase your ROI with “Equity Sharing Loans”—they’re way better than partnering when you’re using your retirement plan to make investments
  • How to take a little bit of cash—maybe as little as $1,000—and make really big loans with ‘wrap mortgages’
  • Why there’s ‘riches in niches’ like transactional funding for wholesalers, downpayment/rehab seconds and wraps, and long-term loans for rentals

Your instructor is Vena Jones-Cox (a.k.a. the Real Estate Goddess), who’s been a private BORROWER for over 30 years, and a creative private LENDER for 10.  Her personal approach to lending is creative, but careful, and…

We STRONGLY Recommend that You Take this Masterclass BEFORE You Make Your First (or Next) Private Loan

As usual, we’ve even gotten you a super-affordable price on this in-depth Masterclass:

Members pay just $67 per person ($47 before June 9th); non-members $127 ($97  before June 9th) and if you don’t agree that this day was worth 10x the investment, we’ll refund your tuition, no questions asked

* (but since it only costs $25 to join NCREIA for a month, and because you’ll then save $50 on the class AND get access to a nationwide community of potential borrowers, that seems like the smart move…)

And if you can’t attend live (on Zoom), register ANYWAY, because the recording will be available for all registered attendees after the event!


Members:
$67.00
Non-Members:
$127.00

Early Bird Special Pricing...

Up To 6/8/2023

Members: $47.00 -- Non-Members: $97.00


Regular Price

Members: $67.00 -- Non-Members: $127.00




Date:  Saturday, June 10, 2023
Time:  9:00 AM - 3:00 PM



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