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Many people have been asking about our private mortgage program. It is a wonderful opportunity to receive a 10-15% annual yield on your investment secured by real estate. Below are answers to the most frequently asked questions regarding our private lender program. If you have a question that is not answered, please e-mail us at customercare@therealestatedealer.com for a prompt response.
Question: What is the process for doing a private lender transaction?
Answer: The process is very simple. The first thing we do is find our property that meets our investment objectives. The next step is to secure a mortgage on the property. The purchase is then closed via a closing conducted by a title company and/or an attorney. The mortgage is given to you. We then make payments to you.
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Question: What documents secure your investment?
Answer: We secure your investment with an appraisal or comparable sale report, title report, promissory note, and hazard insurance.
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Question: Can I use the funds in a 401(k) or IRA to invest?
Answer: Yes you may. There are regulations governed by the IRS that require a third party to act as a custodian to take advantage of tax-free and/or tax-deferred gains. Also, you would want to set up a self-directed account. For more information, go to Equity Trust Company's we site at www.trustetc.com.
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Question: How much do I need to invest?
Answer: The minimum needed to invest in our program is $5,000. However, you may invest more to receive a higher return on your money.
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Question: Do you pool these investments?
Answer: No we don't. Each investor gets their own note and mortgage. Your funds will be kept separate from other investors.
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Many people have been asking about our private mortgage program. It is a wonderful opportunity to receive a 10-15% annual yield on your investment secured by real estate. Below are answers to the most frequently asked questions regarding our private lender program. If you have a question that is not answered, please e-mail us at customercare@therealestatedealer.com for a prompt response.
Question: What is the process for doing a private lender transaction?
Answer: The process is very simple. The first thing we do is find our property that meets our investment objectives. The next step is to secure a mortgage on the property. The purchase is then closed via a closing conducted by a title company and/or an attorney. The mortgage is given to you. We then make payments to you.
--------------------------------------------------------------------------------
Question: What documents secure your investment?
Answer: We secure your investment with an appraisal or comparable sale report, title report, promissory note, and hazard insurance.
--------------------------------------------------------------------------------
Question: Can I use the funds in a 401(k) or IRA to invest?
Answer: Yes you may. There are regulations governed by the IRS that require a third party to act as a custodian to take advantage of tax-free and/or tax-deferred gains. Also, you would want to set up a self-directed account. For more information, go to Equity Trust Company's we site at www.trustetc.com.
--------------------------------------------------------------------------------
Question: How much do I need to invest?
Answer: The minimum needed to invest in our program is $5,000. However, you may invest more to receive a higher return on your money.
--------------------------------------------------------------------------------
Question: Do you pool these investments?
Answer: No we don't. Each investor gets their own note and mortgage. Your funds will be kept separate from other investors.
--------------------------------------------------------------------------------
Questions: How long will my money be tied up?
Answer: The term of the mortgage is up to you. You may request to have your money invested from one to over ten years.
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Question: Will I be a landlord?
Answer: No. When you invest in a private mortgage, you are acting like a bank. Banks do not field calls from tenants. Banks do not mow lawns. Bank do not fix leaky faucets.
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Question: Do I have to collect payments?
Answer: No. Payments will be made to you our your IRA account.
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Question: Can I invest for my child's college education?
Answer: Yes you may. Please go to Equity Trust Company's web site at www.trustetc.com for more information on self-directed Coverdell Education Savings Accounts.
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Question: Can I do more than one deal at a time or am I limited to one?
Answer: You may invest in as many deals as your comfort level and financial resources allow.
--------------------------------------------------------------------------------
Question: What if I get short on cash and I need to liquidate my investment?
Answer: We prefer you keep your investment going. However, if you need the funds from your investment, contact us and we will help you convert your investment into cash.
--------------------------------------------------------------------------------
If you have a question that is not answered, please e-mail us at customercare@therealestatedealer.com for a prompt response.
Answer: The term of the mortgage is up to you. You may request to have your money invested from one to over ten years.
--------------------------------------------------------------------------------
Question: Will I be a landlord?
Answer: No. When you invest in a private mortgage, you are acting like a bank. Banks do not field calls from tenants. Banks do not mow lawns. Bank do not fix leaky faucets.
--------------------------------------------------------------------------------
Question: Do I have to collect payments?
Answer: No. Payments will be made to you our your IRA account.
--------------------------------------------------------------------------------
Question: Can I invest for my child's college education?
Answer: Yes you may. Please go to Equity Trust Company's web site at www.trustetc.com for more information on self-directed Coverdell Education Savings Accounts.
--------------------------------------------------------------------------------
Question: Can I do more than one deal at a time or am I limited to one?
Answer: You may invest in as many deals as your comfort level and financial resources allow.
--------------------------------------------------------------------------------
Question: What if I get short on cash and I need to liquidate my investment?
Answer: We prefer you keep your investment going. However, if you need the funds from your investment, contact us and we will help you convert your investment into cash.
--------------------------------------------------------------------------------
If you have a question that is not answered, please e-mail us at customercare@therealestatedealer.com for a prompt response.
START RECEIVING A SECURED 10-15% RETURN ON YOUR MONEY NOW!
Disclaimer
Nothing contained in this website shall be considered an offer or solicitation to sell security and is not directed to any person or group, and specifically not to any resident to the Commonwealth of Pennsylvania. These securities have not been registered under the Securities Act of 1933, as amended, or the securities laws of any state and have not been approved or disapproved by any state or federal regulating authority. An offer to see securities can only be made by prospectus after determination of investor qualification, and any registration requirements or available exemptions. The information contained herein, is general in nature. Neither www.TheRealEstateDealer.com nor any of its affiliate entities is engaged in rendering legal, accounting, or other professional services. The user of such information and materials is solely responsible for complying with all applicable state and local laws and ordinances regulating the subject matter covered. Any person who uses the information, products or services referred to herein expressly acknowledges and agrees that said use and purchase is subject to the foregoing disclaimer.
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