August 2008

Investment Exchange

An educational real estate newsletter

HARD MONEY LENDING

One of the first questions we're asked by new real estate investors is: "How can I afford to get started?" Distressed properties are often available at bargain basement prices, but that doesn't mean everyone's just got a few thousand extra dollars lying around to invest in them.

Enter the hard money lender.

These cash cows can be more expensive than a traditional bank loan, but you can get your hands on the money faster because hard money lenders don't follow traditional credit guidelines.

That means money where and when you need it, with little more than a quick phone call once you've found that one-in-a-million investment property.

The rules that govern hard money lending vary from state to state, so you need to do your research to figure out which laws apply to you. Foreclosure.com is a great place to start. We can answer every hard money question you have so you're clear about what these loans mean, what risks (if any) are involved and how it will affect your investment strategies.

In this edition of "Investment Exchange," we're going to show you the ropes of hard money loans and point you in the right direction to learn even more. It's important that you're adept at securing the right financing from the right people so that you stay on the fast track to real estate investment success.

Take a look at some of our articles below and be sure to visit Foreclosure.com for more details. Happy investing!

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Web site search tips

LOCATE THE RIGHT LENDER

Even if you don't know a thing about hard money lending, you probably know that it's crucial to have the right financing lined up to get your hands on almost any property. And you want to have it all squared away before you find a great deal because you could very well lose it if you don't act fast.

Put simply, unless you're paying cash, you need to know who will be available in your area to help you buy the distressed property you've got your eye on.

Foreclosure.com makes this critical step as easy as a few clicks of the mouse. Included with every listing on our site is a remarkably dense details page filled with everything you need to do your homework before you buy, including credit checks, home risk reports and, yes, a directory of hard money lenders available to finance that property.

Access to hard money lenders and other property details are exclusive to Foreclosure.com members. However, you can still take a look for absolutely no money by taking advantage of our FREE 7-day trial.

There's no catch and no obligation. And you'll gain full access to Foreclosure.com for an entire week so you can see for yourself that we're simply the best resource for distressed property investing.

For those subscribers who are logged in to Foreclosure.com, simply click on the state and area in which you'd like to buy, choose a property that appeals to you and click on the "details" link to find the hard money lenders available for that property.

Then, scroll down — you'll find a box with several different types of lending options available. There you'll gain access to listings not only for hard money lenders, but for real estate investment clubs, wholesalers and more.

You'll also get the most detailed information available about the property of your choice, including the exact address, the number of bedrooms and bathrooms, information about the community and more. Everything you need to get moving on that property is right there at your fingertips.

Visit Foreclosure.com right now to sign up for your FREE 7-day trial!

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Hot off the press

FORECLOSURE.COM UPDATE

The last couple of weeks have been busy and unbelievably newsworthy for Foreclosure.com. We're launching new facets of the distressed property business, we're forming new partnerships with companies to help you earn more money faster and we're revolutionizing the way the world buys real estate.

Here's a recap:

• We've teamed up with First Universal Lending to create an auction Web site that caters exclusively to distressed property buyers, sellers and lenders. The collaboration will revitalize the distressed property purchase process by cutting out the middlemen, allowing people to make more money faster. Click here to get more details about this exciting initiative.
• Foreclosure.com CEO Brad Geisen is the new owner of Property.com — a domain that will soon host a powerful new Web site that will revamp the process of buying real estate. It's a bold move into the majority segment of the real estate market that does not encompass distressed properties. Brad envisions an easy-to-use, one-stop-shop Web site that will give sellers powerful new marketing tools and buyers more convenient search techniques and more listings in one place. Be among the first to learn about this groundbreaking venture by clicking here.
• We've allied with LiveDeal.com — one of the largest online classified listings Web sites on the planet. Future homebuyers can now benefit from more than 1.8 million top-quality real estate listings provided by Foreclosure.com without ever having to navigate away from LiveDeal.com. It's enhanced convenience and amazing new content all rolled into one — a fabulous new partnership to serve the public like never before. Click here to learn more.
• We've joined forces with LoanResolve.com to help borrowers renegotiate unaffordable mortgages and get rid of their distressed property burdens. The partnership will simplify this otherwise complicated situation so it's dealt with quickly and easily. Homeowners will stand a much better chance at avoiding foreclosure and distressed property buyers will benefit from the opportunity to help owners in distress without a lot of red tape. Click here to learn more.

We want you to benefit as much as possible from our new ventures and partnerships. At Foreclosure.com, it's all about creating the easiest, most profitable real estate experience for each and every one of our visitors.

Check back early and often as we roll out and expand upon these new ground-breaking initiatives!

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Our success stories

FINANCING MADE
EASY WITH ED

It's simple: If you want to finance your distressed property purchase expertly, you're going to need an expert. A senior loan officer at The Addison Mortgage Group and a seriously successful hard money lender, Ed McEnery, is the real deal in hard money financing.

Ed's numbers exceed an eye-popping $25 million annually. So, how does he do it?

He says that it's a combination of spotting the right financing for a deal and truly wanting to help people achieve their goals. Ed knows that the perfect financing takes diligence and experience to arrange. He also knows that only a true passion for customer service will earn you the reputation you need to earn success in the often cutthroat industry of hard money lending.

Ed's innovation in the business and attention to his clients has garnered him the prestigious "Loan Officer of the Year" award. It's recognition well deserved. Ed's track record — even in these tough financial times — is practically unparalleled.

His negotiation skills get deals to the finish line in record time and his numbers have helped even his referral sources increase their business despite the current economic downturn.

Ed's skills are a true asset to any client who works with him, which is why Foreclosure.com is so proud to have hosted his Webinar Foreclosure Flipping Financing Made Easy. Those who had the opportunity to listen in and ask questions learned all about turning amazing profits by getting the right financing for real estate flips.

If you missed it, don't worry!

You can still tune in at your convenience 24/7 to Ed's Webinar by clicking here. You'll get training on HUD foreclosure purchases and renovation programs, conventional investor financing and, of course, hard equity solutions. You're guaranteed to benefit from Ed's expert advice and enjoy getting the inside track on hard money lending and how to make it work for you.

Like we said at the top of this newsletter, people often avoid getting into property investment simply because they're confused or intimidated by the financing process. If you're wondering about hard money financing or even distressed property financing in general, Ed McEnery is the man to demystify the process.

You could be just one Webinar away from closing your first deal. Tune in today!

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Real estate tips

FIND YOUR
FINANCING NOW

Good hard money lenders can be tough to find on your own if you don't know where to look.

If you simply go through a search engine, you'll probably run across a multitude of lending scams designed to drain your wallet. That's the reason we mentioned earlier that Foreclosure.com has included quality hard money lender contacts on each of its listings' details pages. We want to take the mystery out of the art of financing your properties so that you can push those deals through more quickly and for top dollar.

What's special about Foreclosure.com's hard money lenders is that each one has an established relationship with our business. We only communicate the details of trustworthy lenders who have a proven track record in the industry, so you don't need to worry that you're working with anything other than the best.

That said, it's important to do your own research before you select the hard money lender you want to work with. The best way to do this is to ask questions like:

• What types of properties do you prefer?
• How much cash are you prepared to invest?
• How quickly can the cash be available?
• What are your loan terms and conditions?

This last question is especially important because in many states hard money lenders are not required to follow the guidelines that govern conventional lenders, such as banks.

There are a few other questions you need to look into, as well. More details can be found in our best-selling CD course, "Get Rich Buying Real Estate Foreclosures."

Of course, there are other financing options besides hard money lenders that are available to you. These include:

• Credit Lines
• Banks
• Local Investors
• Money Partners

Each one has distinct pros and cons. Each one is suited to certain types of deals as well as certain types of investors. You need to educate yourself to determine which type of financing suits not just the deal you're after, but also your investment style, your financial goals and your comfort level with risk.

Foreclosure.com's CD course, "Get Rich Buying Real Estate Foreclosures," covers each one of these financing options in depth so that you're armed with the knowledge you need to get the perfect financing. You'll learn the best ways to obtain each of the five types of financing options, how to screen potential lenders, which questions to ask and how to enter negotiations with confidence, even if you have little or no experience as an investor.

"Get Rich Buying Real Estate Foreclosures" truly is the best way to get started on your path in distressed property investment. Visit us today to learn more!

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