Easy Real Estate Financing

WHEN MONEY IS HARD TO GET, niche lenders can be your answer to
finding the money you need for business or real estate quickly and easily. Here’s
how to get the money you need for your niche business or real estate:
1. Name your niche. You MUST know your niche if you want to
apply to lenders who serve that niche. Thus, your niche might be
lenders that loan on Gas Stations, Tennis Courts, Used Car Dealers,
Golf Courses, Hotels, Motels, Bowling Alleys, etc
2. Get the names of suitable niche lenders. You can find such
lenders in the IWS “Directory of Niche Lenders,” in reference books
at your local Public Library, or on the Internet
3. Contact your selected niche lenders by phone, postal mail,
fax, or email. Ask for full data on the loans they make. Get the
Amount, Purpose, Interest Rate, Term (length of the loan), Credit
Requirements, etc
4. Carefully go over the info you’re given. Compare the offers from
various lenders to see which gives you the best deal. Look carefully for
deals that do not charge points (1 point = 1% of the loan amount; for
a $100,000 loan, 1 point = $1,000). Some lenders charge as high as 8
points. Avoid them!
5. Get a copy of each lender’s Loan Application. Study each Loan
Application carefully. You’ll see that the Applications are similar. But
some ask for less information than others. Pay close attention to parts
of the selected Application that give you a challenge. If you have any
questions on how to fill out these parts of an Application, call Ty Hicks
at IWS if you have the “Directory of Niche Lenders.” He’ll try to help
you with advice on your questions. REMEMBER AT ALL TIMES:
You MUST be completely accurate in every statement you make on
a Loan Application. The advice you get from Ty Hicks will include
a reminder that every statement on a Loan Application MUST be
completely accurate in every way
6. Be certain your Loan Application is typed. In business and income
real estate niche lending your lender expects a business- like approach
Typewritten (or computer-printed) Loan Applications are standard
Only the signature is hand-written
7. Accept the loan offered you if your business or real estate can repay
the niche loan and ALL other expenses and show a Positive Cash Flow
each month. Niche lenders get you money!

A NICHE LENDER IS A LENDER that specializes in loans to a narrow group of
businesses, or to just one type of business. Thus, a niche lender might focus on loans
to:

• Gas stations, auto repair shops, tire stores, etc
• Sports facilities—tennis courts, bowling alleys, swimming pools
• Health care facilities—nursing homes, rehab centers, hospitals
• Education centers—schools, colleges, universities, etc
• Multi-family real estate, apartment houses, condos, etc


TO FIND A NICHE LENDER you can take a few easy steps. These steps are
quick and direct, namely:


1. Define your niche. You must know your niche clearly so you can focus on
the lenders that make your type of loan. You have a number of typical niches
above. If you can’t figure your niche, call Ty Hicks and he’ll do it for you on
the phone

2. Look for lenders serving your niche. You’ll find them in many different sources,
such as: (a) Magazines and newspapers serving your niche business or real
estate; (b) On the Internet at sites that cover the news of your niche; (c) In IWS
lender books and in the IWS newsletter, or via a special search we do for you at
your request. Such a search will typically find from 3 to 12 lenders

3. Get your niche lender’s paperwork—its Loan Application, Loan Guidelines,
and any other documents they normally supply. This could include forms for
releasing info, checking income, etc. These will be sent to you free of charge

4. Fill out the Loan Application. Don’t be careless about your Loan Application
Make it neat and clean with no cross-outs or messy corrections. The best way to
achieve this is to type your application throughout. If you have to submit your
Loan Application via the Internet, do it yourself. Or have an Internet person do
it for you

5. Call, e-mail, or write the lender if you have any problems filling out the application
Ask “What do you want to see as an answer for Question 7?” for any
question that puzzles you

6. Send your Loan Application to the lender along with a letter explaining how
much you need for your business, for what purpose, and how you’ll repay the
loan. You’ll get your money!

7. Use this method and your Loan Application has almost a 100% chance of being
approved. Being organized will get you to your money sooner!

WHO PAYS THE BIGGEST FINDER FEES? In general, it’s the people, or their companies, who are looking for financing of a business or real estate project. Why are the largest Finder Fees paid by people seeking money for business or real estate? Because:

• “Money is the universal solvent”—every business needs money sooner or later. Find it and you’ll be paid!

• Money answers almost every need a business may have.

• Money allows a business to start, expand, pay debts, or sell itself.

With money in the bank, a business can soar.

SO IF YOU WANT TO EARN THE HIGHEST FINDER FEES, try looking for money for businesses. Why do we suggest looking for money for businesses? Because:

• Businesses usually have fair to good credit, often have assets that are usable as collateral, understand that you’re entitled to a fee for your work. They need you and want your skills.

• Businesses respect you as a professional and seldom argue over your fee; they enjoy paying for results!

• Businesses appreciate you finding money for them and are ready to reward you for your work.

“SO HOW CAN I GET STARTED FINDING MONEY FOR BUSINESSES?” you ask. Here are good steps you can take:

1. Set yourself up as a Financial Broker, or Financial Consultant- Finder in your own profitable business.

2. Decide what types of businesses or real estate you’d like to work with. It helps if you’ve had experience in the field you want to work in. You’ll earn money sooner!

3. Run ads, make phone calls, use the Internet to tell people you’ll look for loans for business or real estate for a fee based on the loan amount. Be their money “bird dog”!

4. Contact local, and distant, lenders who make the types of loans you’ll be looking for. Get details of their loan practices from them so you can use the data for your loan clients.

5. Help your clients fill out their Loan Application so it meets the lender’s needs. Be sure to have the application typed, or fill it out on the Internet, if the lender prefers this method.

6. Get money for business or real estate and you’ll prosper!

ONE OF THE WORST FEELINGS ANYONE CAN HAVE is that which they get when they’re fired, laid-off, down-sized, out-sourced, or “riffed”--reduced in force--from a job. The first thought people have is:

• “What am I going to do now? Where can I get a job?”

• And the next thought usually is: “Where will I get the money to live on? How will I pay my rent or my mortgage, make my car payment? Where will the money come from?”

• If the person has children, he or she thinks “What will I tell my kids? How will they react? What will their friends say and think?”

SO IF YOU’VE LOST YOUR JOB, or a family member or friend has, what can be done to overcome the job loss and start money coming in soon again? The answer, given by Ty Hicks, who has helped thousands recover their income and sense of self-worth, is:

• Start your own business, using Ty Hicks’ “paper business” idea.

• Which is a business that uses your home as your office, has no (or minimum) payroll, no big production machines, no trucks, etc.

• That you can start in just a few hours using little more than your home phone. As your business grows you can get a fax machine and a computer, if necessary. Until then, you can use the fax machine at a local copy shop and the computer at your public library. There’s usually no charge to use the library computer.

TO START YOUR OWN BUSINESS when you have little cash but lots of spare time, take these easy steps:

1. Pick the kind of business you want to start. It’s usually best to pick a business you know something about, or believe there’s a need for in your area. At the start, a service business is usually best. But any business you like can be started—if you try.

2. See if there are any other businesses of this type in your area. If there are several, that’s a good sign. Why? It means that what you plan to offer is in demand and there’s a market for your services. The more demand, the better for you!

3. Get good information about the business you plan to start. Thus, the IWS Kits, which are “a business in a box,” can get you started in just a few hours--we estimate about 3 hours at most. And your monthly costs should not run over $150, depending on how, and where, you advertise. NOTE: You can advertise free of charge in the IWS Newsletter.

4. If you buy one of the IWS “Business in a Box Kits” you can advertise free of charge on the IWS Internet site: www.iwsmoney. com.

5. So pick your job recovery business to start from IWS Kits--be it Financial Brokering, Import-Export, Mail Order, Real Estate (Single-Family Homes, Multi-Family Homes, Commercial Units, Financing, etc,), Child-Care Provider Information, Franchising where you franchise YOUR business idea, plus any others you like. Order your “Business In A Box Kit” from IWS and get started today! Ty Hicks will help you every step of the way. And you will overcome the job loss!

“BUT,”YOU SAY, “SUPPOSE I FIND A JOB I like after I start my business. What do I do then?” There are several thngs you can do, namely:

You can sell your business.

You can continue running the business in your spare time

You can have a relative, friend, or partner run the business

You can give the business away to someone who wants it.

You can shut the business down.

NO MATTER WHAT YOU CHOOSE TO DO you probably won’t lose. How can we say this? We can say it because:

If you sell the business you will probably earn a profit, break even, or recover your small investment you made to get started.

If you continue running the business you will probably earn a profit and benefit from the extra income.

If you have someone run the business for you, they, and you, will earn a profit from the business.

If you close the business you will probably come away from it with a small profit from the sale.

THE RESULT OF ALL THIS is that you will have more money than if you just sat around waiting to find a job. And having a stint of running your own business on your resume will look good to future potential employers. YOU NEVER KNOW, you may decide that having your own business, with all its many advantages may lead you to decide not to take the job you think you like. That’s when your true wealth-building will start!

One reader's success story. This is an unsolicited comment we received by letter at our office in January.

SUCCESS IN TWO BUSINESSES: “As I said in our phone talk, I’m very active as a commercial real estate investor. I currently own 84 apartment units in the Bronx, NY. My monthly income is about $8,400 net after all expenses and mortgages are paid. My income alone on this building is about $100,800 per year.

“I only buy owner-financed buildings and I get great interest rates and terms. I’m currently negotiating with the same owner for his other building having 97 units. This building will net $9,700 a month, giving me a combined cash flow of $18,100 per month. I learned all my skills through your real estate books.

“I get my due-diligence money for real estate investments by specializing in hard-money loans as a Financial Broker. I closed on a recent deal last month which was for a $2,700,000 loan and my fee was 1%, or $27,000. My family lives on my real estate income so all my Financial Broker fees go straight into my bank account for future real estate deals. I am now working on a $9-million deal and my fee will be 1%, or $90,000. I get great results advertising in the IWS Newsletter.

“Right now I see my Financial Brokering business doing $25,000 to $30,000 a month. This is not bad for an ex corrections officer who resigned after 9 years on the job, even though all my friends thought I was a fool not to stay for the full 20 years to get a tiny pension. These same guys call me to say they have to take a job to support their families, after they retire. I ask myself: ‘Who was the fool?’” By letter from New York

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OWNING REAL ESTATE HAS MANY ADVANTAGES. One of the best advantages is that it can make you a millionaire sooner than you think. But some people prefer not to own real estate. Instead, these people:

• Lease real estate at the lowest price they can get.
• Lease the same real estate at the highest price they can get.
• Earn their profit on the difference leasing prices.

ONE OF THE BEST EXAMPLES of this method at work is that used by a successful real estate wealth builder:

He leased trade show exhibit space for 25 cents per square foot. Then he turned around and leased the same space to trade show exhibitors for $25 per square foot! His income from the exhibitors to whom he leased a total of 150,000sq ft = $25 X 150,000 = $3,750,000. The cost to him of this space = $0.25 X 150,000 = $37,500; profit = $3,712,500!Of course, he had NO ownership of the real estate he leased and then sub-let to others. This didn’t bother him since he had the immediate profit from sub-letting his leased space.

YOU CAN ARRANGE SIMILAR DEALS with many different kinds of real estate. Thus, you can:

• Lease residential apartments and sub-let them to others at a higher rent than you’re paying.
• Lease commercial space for stores and sub-let it to groups of merchants needing a minimum amount of area.
• Lease open land and use it for parking or temporary storage of large construction equipment.
  

YOUR WHOLE KEY IN EARNING FROM REAL ESTATE you don’t own is to have a sub-let clause in your lease. Write the lease so there is no restriction on your sub-letting of the space you rent. Then you can:

• Sub-let your space to anyone of your choice.
• Sub-let at a rent YOU set based on the tenant YOU find.
• Sub-let to as many tenants as you choose.
  

SUB-LETTING REAL ESTATE can give you instant income when you receive your security deposit and first month’s rent. Try it and see!

WE ALL HEAR TALK ABOUT the "sub-prime mess" and the foreclosure fallout. Does such talk mean that real estate is no longer a good investment? No! Real estate is still the best investment you might make! Thus:

Two years ago one of our readers bought a vacation home in an upscale area. He paid $700,000 for the vacation home, using all borrowed money. For 49 weeks of the year he has a local real estate agent rent the house to vacationers, giving him an excellent income that more than covers his mortgage payments. Just this month, 24 months after buying the house using borrowed money, he was offered $1.4-million for the house he bought for $700,000, using borrowed money.

THUS, IN 2 YEARS, THIS BWB earned a gross profit of some $700,000. That's $350,000 a year, or $29,166 per month, or $972 per day for a 30-day month. And all of this took place while this BWB held another job. So what lessons can you draw from this?

Here they are:

1. Real estate in wealthy areas is holding its value because buyers of such properties have not been affected as much by any economic downturns.
2. Real estate in wealthy areas continues to rise in value because desirable properties have an ongoing appeal to buyers who have money.
3. Real estate in wealthy areas is much easier to finance with borrowed money because lenders are happy to loan on properties in well-known upscale communities.
   

TO LOCATE FOR-SALE PROPERTIES, in upscale areas, take these easy steps as soon as you know what types of property you want to handle:

1. Contact upscale real estate brokers in the area. Tell them you're interested in buying higher-priced properties. Ask them to see if you can get into some properties with owner financing. This will help you get into good deals with zero cash.
2. Get the word outto wealthy people that you're interested in making quick deals for properties they want to get away from.

Surprising as it may seem, wealthy people DO, occasionally, want to get rid of properties in a hurry. That's where you come in! You take over the property with a low-cost Option and make every effort you can to sell it before your Option expires. What you're doing is building your wealth on the wealth of others!

People often say to me, "Ty, if financing real estate is so easy, why don't you give us a few real-life examples of how it works?" Here, to answer that question, is a recent letter received from a successful user of easy real estate finance:

"I read your book 'How to Make Millions in Real Estate in Three Years Starting with No Cash' two years ago, and I started using your methods immediately. My first two deals weren't so hot (I was too eager to close and didn't do enough up-front due- diligence), but I'll make money on them all the same. These were two small commercial strips in Chicago, IL. I bought them with basically no money down (for one property the seller held paper; the other was financed through the SBA [Small Business Administration]).

"It was on my third try that I really hit a home run. This was an industrial center we acquired with a construction loan. I renovated it, and leased it up within 8 months (a year ahead of schedule). For this deal I raised most of the equity from friends and family, after negotiating the bank down to a 10% equity requirement.

"So here's where I am, barely two years after reading your book: Total cost of three properties = $4,670,000; current value, based on rent roll = $6,730,000. That's about $7-million in property value bought with only $150,000 of my own money--ALL of which I borrowed with 2nd and 3rd mortgages on my house. After paying ALL monthly mortgages AND expenses, I'm clearing about $20,000 per month. Thank you warmly for your encouragement and advice in your books, newsletter and telephone calls." By Letter from IL.

This reader built an income of some $240,000 per year for himself in just two years time! And much of his income will be sheltered by the legal and legitimate depreciation of his properties.

This is a good example of what well-planned real estate financing (borrowing) can easily do for you. Also, his equity (what he owns of these properties) is: $6,730,000 - $4,670,000 = $2,060,000. So this ambitious reader converted some $150,000 of borrowed money into more than $2-million in property value in just two years. He "grew" his borrowed money by nearly $1-miilion per year, when you factor in his $150,000 investment of borrowed money!

We call the financing this reader used "Zero Cash Financing." Why? Because NO MONEY COMES OUT OF YOUR BANK ACCOUNT OR YOUR TROUSER POCKET OR PURSE! By carefully figuring your costs, including the loans you take to buy an income property, you can get a Positive Cash Flow (PCF) from each property every month! In fact, you MUST have a PCF from EVERY income property. If you can't get a PCF, don't buy the property.

And if you have trouble "working the numbers" of an income property, I'll be happy to do it for you free of charge if you're a subscriber to one of my two newsletters, International Wealth Success Newsletter and Money Watch Bulletin. You'll quickly learn if a PCF is possible from an income property you select!

To learn more and subscribe to either of my newsletters, just go to iwsmoney.com
and click on IWS Newsletter or Moneywatch Bulletin on the left side navigation bar.

We have many other letters and examples showing how readers of our books, courses and newsletters are earning large incomes using easy real estate finance. All of these letters are available for viewing at our main office in New York. Look for more letters detailing actual cases in future posts on this blog.

DOWN PAYMENT GRANTS CAN HELP YOU

IF YOU WANT TO BUY YOUR FIRST HOME, or if you want to buy a rental property to increase your income, check your local housing authority. Why? Because this agency may:

· Offer Down Payment grants to pay for your first home.
· Have the names of local programs offering Down Payment grants in your area.
· Know of real estate agents familiar with local Down Payment programs that might help you.

WHY ARE SUCH PROGRAMS AVAILABLE? For a number of good reasons that we’ve mentioned in IWS (International Wealth Success Newsletter)many times, namely:

1. Real estate ownership—in general—is good for you and for the local area in which you plan to live.
2. Real estate ownership is good for your local economy.
3. Real estate ownership is encouraged by banks and other lenders because they earn money from mortgage loans.
4. Real estate ownership leads to higher home values in your area.
5. Real estate ownership improves family life and living standards.

DOWN PAYMENT ASSISTANCE PROGRAMS, and data about them are often available through lenders in your area. And, happy thought:

· Some Down Payment Assistance programs are available for homes bought for rental income purposes.
· Allowing new BWBs (Beginning Wealth Builders)to buy property for income purposes with no down payment, or—in some areas—a modest $100, or so.
· Getting the new BWB (Beginning Wealth Builder)started in property ownership for
income purposes leading to better-kept homes in the area.

HOW CAN YOU GET STARTED WITH SUCH A PROGRAM if you want to buy your first home, or an income property? Here are your simple steps to take:
1. Contact your local housing authority—see your Government pages in your local phone book.
2. Or ask IWS (International Wealth Success)for the name of the program in your area
when you purchase one of our real estate success kits. Go to our website, www.iwsmoney.com, and click on Real Estate for full info on these excellent guides to real estate success.

4 SIMPLE WAYS TO MAKE MONEY IN REAL ESTATE QUICKLY

THE BIGGEST SECRET IN REAL ESTATE IS TIME. Given enough time, almost all real estate will rise in value. But suppose a BWB (Beginning Wealth Builder) is impatient. How can he/she earn money in real estate faster? Here are 4 ways:
1. Work with “post-auction” foreclosures; don’t buy at auction.
2. Flip properties instead of holding them for rental income.
3. Use options to control real estate until you sell it.
4. Buy tax liens with the hope of a big payday at a later date.

“POST-AUCTION: FORECLOSURES are properties you buy AFTER the auction ends. These properties:
· Were passed over by the auction attendees.
· May not be as attractive as other properties.
· Could need repairs or cosmetic spruce-up.
· BUT CAN OFTEN BE BOUGHT FOR $100 DOWN!
· You help the seller (usually a bank) get the property off its books. So they sell at low cost, and will often pay the closing costs for you, just to help you out.

FLIPPING PROPERTIES GIVES YOU IMMEDIATE INCOME from real estate. You flip a property by:
1. Buying at low cost.
2. Making needed repairs.
3. Selling quickly at a profit.
4. Using your knowledge of what will sell in the area to choose properties that will “move” fast.

AN OPTION IS A LEGAL DOCUMENT PREPARED by an attorney that allows you to control a property for a stated period of time—30, 60, 90 days, etc. During this time you can:
1. Buy the property at a stated price.
2. Sell the property to a buyer of your choice at any price.
3. Lease the property to a person or firm.
4. Control a property at low cost—as little as $100.
5. Profit in a big way by selling quickly at a high price.

TAX LIEN CERTIFICATES give you control of a property at low cost.
And if the owner does not pay you off, plus interest, the property can revert to you. Again, you get control quickly, and you can profit handsomely.

Go to my website, www.iwsmoney.com, to find many resources that will help you earn more money in real estate, more quickly. And you can call me at 516-766-5850, day or night, for answers to your questions about these resources.

Tyler G. Hicks

Would you like to get started in investment real estate on little, or no, cash and come away with a bundle of money? If so, consider Florida pre-construction real estate. Here's why:

WHENEVER A BUILDER STARTS putting up a new multi-family residential property, he/she wants to sell as many units as possible, as soon as they can. To achieve this goal the builder will often:
*Offer pre-construction deals with little, or no, money down.
*"Throw in" an extra bedroom, bathroom, etc., as a bonus for early buying.
*Give other valuable benefits--such as a better view, higher floor, etc.

WITH JUST A SMALL DOWN PAYMENT, and in some cases, no down payment, you can "lock in" a valuable apartment unit, or several of them, for future sale at a good profit. Here's how it can work for you:
1. The construction will typically take 6 to 12 months, or longer, for most well-built units today.
2. During construction the price of labor, materials, and land, will usually rise, making your unit(s) worth more than you agreed to pay for it, or them.
3. Finished residential units in your building will therefore be priced at a higher level than you agreed to pay in your purchase contract.
4. Result? You have locked in the price of a valuable asset without doing anything more than signing a few papers and putting down a small amount of money (or no money), while taking a calculated risk that your unit, or units, will rise in price.
5. Potential rewards for YOU? Some Beginning Wealth Builders (BWBs we call them) report profits of $25,000 or $50,000 per unit sold, depending on the price of the unit. Others earn $5,000, $10,000, etc., per unit.

WHERE CAN YOU FIND SUCH PRE-CONSTRUCTION UNITS? One of the best places we know of is in the State of Florida, on either the East or West Coast. To ensure that you get the best units:
1. Visit the area that interests you. The cost of your trip will be tax-deductible if you buy one or more units.
2. Pick the best location in the building for your unit. Water or bay views will usually sell well when you're ready to put your unit on the market.
3. Compare construction methods of the various buildings you consider. Remember: Good construction costs more but sells at a higher price!
4. Get to know the property you're buying units in. Pick the best units you can afford. Why? Better units will earn you a higher profit!
5. Visit my website: www.iwsmoney.com. Check out my "MULTI-FAMILY HOME RICHES KIT". It will give you dozens of good ideas on financing, and profiting from, Florida pre-construction real estate. And if you buy the KIT I'll mentor you in your pre-construction career, every step of the way!

Tyler G. Hicks