orange county estate planning attorney articles and resources for business owners, farmers, ranchers, and executives

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Four Reasons For Firing Private Lenders!!!
By Alan Cowgill
WAIT A MINUTE ALAN!

I've spent all this time and effort trying to figure out how to get private lenders to fund my real estate deals and now
you write an article on firing them! What are you thinking?!

Well, stay with me here and I'll explain. Most of a real estate investor's focus is about how to attract and keep private
lenders.

But what if a lender doesn't make your life better?

You got into real estate to make your life better, right? Well, shouldn't you work with people that make your life easy?

If you don't have private lenders at this point, being selective about them may be something you've never even
considered. If you do have private lenders, are they easy to work with or are they difficult to deal with?

Once you've done your homework, gotten your real estate education, and taken all the steps needed to attract private
lenders, you could quite possibly have an army of people wanting to loan you money. This is an awesome position to
be in. I've been there and it gives you a great opportunity to work with some pretty fantastic folks.

So what is a scenario where I might not work with a private lender who is trying to throw wads of cash at me?

1) Well, let's say they want to be too involved...

Your lenders are going to want you to succeed and are going to offer some advice from time to time. Sometimes a
well-meaning soul will want to "help" me by offering advice in an area where, frankly, I'm an expert.

I'm not talking about those folks. I'm talking about annoying, aggressive, overbearing, pushy, opinionated folks.

I've spent tens of thousands of dollars on my education and have been in the business for over 10 years. I know how
to do this business. I have definite ideas about the way I want to run my real estate business.

Our articles continue...
Virginia Campground Receives Facility of the Year Award from Camp Jellystone® Campgrounds
One of Americas Biggest RV Park Franchises, Jellystone Park Campgrounds, has awarded two parks with Franchise of the year. The winners were North Java, NY and the Jellystone Park® campground in Natural Bridge VA. Among the chain of family RV Camping resorts, this award is the most sought after recognition, awarded based on park improvements, amenities and outreach to new campers. (PRWeb Mar 11, 2010)

Read the full story at http://www.prweb.com/releases/VirginaCampsite/FamilyCamping/prweb3707414.htm

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According to Woodcraft, Opening a Franchise May Be An Option For Those Looking For Work
In September 2009, USA Today reported that about 8.7 percent of the unemployed that year opted to become their own bosses, either by starting their own business or opening a franchise. According to national woodworking retailer, Woodcraft, opening a franchise may be an option worth exploring for those without a job given the national unemployment rate is now hovering above 9 percent. (PRWeb Mar 11, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3680804.htm

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I attend seminars all the
time. I'm always striving to learn and to improve.

This is where you need to have a solid education so you don't get sidetracked because you are going to run into these
folks.

Let's be clear on your private lender's job. Their job is to write a check and then set back and wait for a bigger check.
They give me money; I send them interest payments. It is the American Dream for them and you.

2) Another scenario I refuse to work with a private lender is when you find that someone wants to work "with" you and
even be a partner.

They believe that the money they invest in your business gives them the right to offer advice and they expect you to
take it, in the way you run your office, what properties you purchase, what rehab workers you hire, and so forth.

Just be aware that some folks will want to be a partner and if this is not what you want, be prepared to correct the
situation before it goes too far in the relationship.

3) They want to set the rules on how you should pay them. Points, interest, etc...

Hey, that is what banks and hard money lenders do. When I deal with private lenders, I set the rules and that is the
whole idea and my bottom line. It's my way or the highway.

4) Some folks are just plan hard to work with.

Ask the same questions over and over. They don't trust you and treat you like you are going to jip them.

The list goes on and on.

Do you cringe when they come in your office? If so, it's time to let cut them loose.

So how do I fire private lenders?

Well, I can work with most private lenders. In fact, I love my private lenders. I just stay away from people that
make my life tough and just work with the folks that want to work with me and make my life better.

The easiest way to fire private lenders is to never do business with them in the 1st place. If you can pick up on their
personality before any money is loaned and back away from them, it is the easiest and the best.

If they want to partner and/or set the rules. Just say no.

If they have already loaned you money, get them paid back and refuse future loans.

My advice is to always be professional about it. I'm gracious. I simply explain my position and my rational for what
I do without hurting anyone's feelings.

Alan Cowgill is a national speaker, author and real estate entrepreneur. Alan had bought or sold over 200 investment properties. His step-by-step system "Private Lending Made Easy" teaches Real Estate investors and mortgage brokers how to find private lenders. Contact Alan at 937-390-0816 or 866-831-3540. For a FREE audio CD go to www.FreeRealEstateCoaching.net




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2006 Us Census: Cape Coral Florida Real Estate - 5th Fastest City In Growth
By brad wozny
No, there's no Starbucks here. And you won't find a regional mall or any big name bookstores either. But according to the latest U.S. Census Bureau News report issued on June 21, 2006, Cape Read more...
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By Tony Seruga, Yolanda Seruga and Yolanda Bishop
The world of commercial real estate is sometimes looked upon as an exclusive “players only” club. Many people believe that only the people with money are involved. They believe that the “rich get Read more...
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The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.