Comments on: Obtaining Unlimited Financing For All Your Deals http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/ Mon, 12 Sep 2011 20:00:29 -0400 http://wordpress.org/?v=2.8.2 hourly 1 By: Lou http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/comment-page-1/#comment-2180 Lou Wed, 17 Mar 2010 16:08:34 +0000 http://investorriches.com/?p=444#comment-2180 Rich, I have always had my CPA prepare the paperwork at the end of the year. It's either a 1098 or a 1099-INT (I can't remember for sure). All of the interest and costs associated with these loans are deductible (at least as a corporation they are). You just need to discuss this with your CPA. And I agree - the efficiency and speed are what makes these loans so desirable. Lou Rich, I have always had my CPA prepare the paperwork at the end of the year. It’s either a 1098 or a 1099-INT (I can’t remember for sure). All of the interest and costs associated with these loans are deductible (at least as a corporation they are). You just need to discuss this with your CPA. And I agree – the efficiency and speed are what makes these loans so desirable.

Lou

]]> By: Lou http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/comment-page-1/#comment-2179 Lou Wed, 17 Mar 2010 16:02:29 +0000 http://investorriches.com/?p=444#comment-2179 Rama, in answer to your question, they are correct - do not advertise a guaranteed return on investment. You should only be discussing interest rates that you pay. In other words, you will be discussing paying 8-10% interest on a real estate loan secured by the real estate. Having said that, I would be remiss if I did not also advise you to seek counsel from an attorney before doing any type of mass marketing for lenders. I am not an attoreny and I am not providing any legal advice. Lou Rama, in answer to your question, they are correct – do not advertise a guaranteed return on investment. You should only be discussing interest rates that you pay. In other words, you will be discussing paying 8-10% interest on a real estate loan secured by the real estate. Having said that, I would be remiss if I did not also advise you to seek counsel from an attorney before doing any type of mass marketing for lenders. I am not an attoreny and I am not providing any legal advice.

Lou

]]> By: Richard Corbin http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/comment-page-1/#comment-2178 Richard Corbin Wed, 17 Mar 2010 15:36:45 +0000 http://investorriches.com/?p=444#comment-2178 Hey,I like the idea and have been using a couple of private lenders; the no qualifying and speediness of it is what I really love: advise me here though on how you handle the reporting of interest paid/documentation/deductions in dealing with tax time? thanks rich Hey,I like the idea and have been using a couple of private lenders; the no qualifying and speediness of it is what I really love: advise me here though on how you handle the reporting of interest paid/documentation/deductions in dealing with tax time?
thanks
rich

]]> By: MICHAEL SWAN http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/comment-page-1/#comment-2172 MICHAEL SWAN Tue, 16 Mar 2010 20:33:48 +0000 http://investorriches.com/?p=444#comment-2172 i think your videos are super--they get better each time & provide valuable content i do not get from other industry pro's--ms i think your videos are super–they get better each time & provide valuable content i do

not get from other industry pro’s–ms

]]> By: Rama Singh http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/comment-page-1/#comment-1715 Rama Singh Thu, 11 Feb 2010 21:08:04 +0000 http://investorriches.com/?p=444#comment-1715 Hi, Thank you for the informative mini-seminar 1,2 and 3. I have been told by other GURUs that you can not solicit investment guaranteeing a return on investment without violating the SEC rule. Is it true? Then, how do you suggest to get around this point. Thank you. Hi,

Thank you for the informative mini-seminar 1,2 and 3. I have been told by other GURUs that you can not solicit investment guaranteeing a return on investment without violating the SEC rule. Is it true? Then, how do you suggest to get around this point. Thank you.

]]> By: steve frick http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/comment-page-1/#comment-1706 steve frick Thu, 11 Feb 2010 01:16:52 +0000 http://investorriches.com/?p=444#comment-1706 good information. The real question is how to find the private lenders quickly and easily? good information. The real question is how to find the private lenders quickly and easily?

]]> By: Wayne Oesterreich http://investorriches.com/2010/02/obtaining-unlimited-financing-for-all-your-deals/comment-page-1/#comment-1705 Wayne Oesterreich Wed, 10 Feb 2010 21:33:16 +0000 http://investorriches.com/?p=444#comment-1705 Do you know of lenders in North Florida (Jacksonville) I can get the homes but am having problems with getting lenders to help front for the home Do you know of lenders in North Florida (Jacksonville) I can get the homes but am having problems with getting lenders to help front for the home

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