FREQUENTLY ASKED QUESTIONS

1. What is a Private Lender ?
2. What is the advantage of passive real estate investments?
3. Are these high interest loans are new to real estate?
4. How the private lender is protected ?
5. What are the legal documents ?
6. What happens if something bad happen or if the mortgage goes into default?
7. Who handles the paperwork?
8. What is the type of loans?
9. How long are the typical loans and How much a lender have to invest?
10. Is private lending really a safe investment?
11. Can the Lender see the property before buying it?
12. 5 Easy steps to get started:
13. How to get started?
14. Where the Private Lender has to send the funds once he approves a lending opportunity ?
15. What does ''LTV'' means ?
16. What documents will a private lender receive ?
17. Why is it impossible to guarantee an Investment ?
18. Company contact information?
19. How we I know we can Trust you ?

1. What is a Private Lender ?

The definition of a private lender is an individual that you can negotiate directly with on a personal basis to borrow money for real estate investments. The money can be used to purchase residential, commercial or rental real estate investments or to supplement funds borrowed from a bank to cover down payments or renovation costs.

2. What is the advantage of passive real estate investments?

A private lender who invests passively in real estate can get 9%-15% fixed returns, safely secured by real estate. Since the returns are fixed, that means they never change. On a long term period, these returns will probably be much higher than CD's, money markets, commodities, and most stocks and mutual funds.

3. Are these high interest loans are new to real estate?

No. This is a multi-billion dollar industry that has been around for decades .

4. How the private lender is protected ?
The lender will have one mortgage secured against one property and there will always be a very large hedge factor between the loan and the available profit or equity in the property. We are serious investors who have experiences in real estate investing, Marketing and Business Management. An important thing to know is that money will never be pooled.

5. What are the legal documents ?
The lender will receive a promissory note which states the exact fixed return, a Mortgage/Trust Deed that will be created by the real estate attorney or title company to put the property as collateral for the loan. The lender will also receive a title insurance policy and a Hazard Insurance policy.

6. What happens if something bad happen or if the mortgage goes into default?
Even if something happened to us, the lender will always be able to sell the property and make a good profit out of it. There is always a minimum of 25% equity cushion in each deal investment we do. In case of a foreclosure, a foreclosure service will handle the situation from start to finish and make the process simple for the lender. The cost of this service will be added to the actual loan.

7. Who handles the paperwork?
A real estate attorney, Title Company or Escrow Agent will handle all of the paperwork. The lender sends the funds directly to the Attorney office. and make them payable to them. The Borrower will pay all of the closing costs. It is usually just deducted from the loan.

8. What is the type of loans?
Typically the loans are interest only. That means none of the monthly interest goes towards the principal loan amount and the lender earns interest on top of interest every month. There is more money to be made by doing interest only loans.

9. How long are the typical loans and How much a lender have to invest?
The length of the loan and the amount that is invested is decided by the Lender. He is always the one who control the terms and conditions. Typical loans are from twelve to sixty months. The Private Lender can invest as little as $20,000 for second mortgage down payment and renovation loans but most loans range from $100,000 to 5 million depending on the property. When the lender gets his money and interest back he will have to sign a satisfaction and/or quit claim deed to clear his lien against the title.

10. Is private lending really a safe investment?
Investing in real estate, is not like gambling on companies that we have no control over or know little about who is running them. Investment loans are safely secured by real estate, and Lenders gets fixed returns of 9%-15% that never change. There are no fees or commissions and no early
withdrawal penalties. The private lender have to use his common sense and take a careful look at what the property is worth, what's owed and what he will lend. We suggest the Lender to do his due diligence just as a bank does when they lend funds on a property.

11. Can the Lender see the property before buying it?
Yes, This is important for us and we give our lenders the tools to make their own due diligence. By working with a good and honest real estate investment company like ours, we always ensure to purchase properties that make good financial sense for all parties with multiple exit strategies in place. Every lender is welcome to send his team or come in person to visit the property before we purchase it. When there is multiple offers on the same property or when we have to close fast, we sometimes only have 48hrs to visit the property before buying it. Cash offers and quick avalibility of funds from Private Lenders allows us to purchase properties at a wholesale price. We usually sends property packages to our private lenders and they get back to us as quick as possible if they have an interest in one of the investment opportunities they received.

12. 5 Easy steps to get started:
1- An Investment opportunity (Property) is sent out to potential Private Lenders.
2- We purchase a property at a discout price. We respect lenders needs and terms.
3- A Private Lender is selected and have to issue a Letter of Commitment to fund the deal.
4- The contract is sent to the Attorneys/Title company's office and the title search is ordered.
5- Closing. Private Lender provides certified funds and the legal documents are signed.

13. How to get started?
Just contact us and tell us when you're ready to get started earning more money on your investments. We will set an appointment so we can discuss the amount you have available to lend, the interest rate, and the length of the loan.

14. Where the Private Lender has to send the funds once he approves a lending opportunity ?
The lender will write his check directly to the escrow/title company or the attorney handling
the closing of the transaction.

15. What does ''LTV'' means ?
''LTV''means "loan to value''. The higher the LTV, the higher the risk may be on a
particular private money loan. Our real estate investment company purchases properties typically at 60-75% (or less) of the actual market value of the property.

16. What documents will a private lender receive ?
Our private lenders receive a full package of signed and recorded documents before and after the transaction takes place. We give a property package to all our interested lenders containing the the property and investement opportunity details (Photos, appraisal, exit strategies, etc). There is five Key documents that each lender will receive when closing on a property:
1- Disclosure Statement
1- Promissory Note
2- Mortgage/Trust Deed
3- Title Insurance
4- Hazard Insurance

17. Why is it impossible to guarantee an Investment ?
The word "guarantee" is illegal to use for anyone to guarantee the returns on a private money loan. The law is the same for other type of investments such as Stocks, mutual funds, etc. Private money lending is a preferred choice of investment for many of wealthy people because of it's predictable, better returns and lower risk.

18. Company contact information?
You can contact us by email, by telephone or by submitting the online form.

19. How de we know we can Trust you ?
We can understand your concern about trust. Trust is very important for us and that is why we will meet face-to-face after you contact us. We don’t make any promises but we can offer our lenders good and secure real estate investment opportunities. Private Lenders can analyse in detail each invesment before making any decision. We believe in Win-Win-Win situations ( Seller, Lender, Investor). If you are not comfortable or not interested after we meet, we will simply shake hands and go our separate ways. Our business relationship is more important for us than just handling a property. We want our private lenders  to be confident, and able to sleep well every night without worrying about their investment and payments. We are professionals and we never make an agreement with a lender if both of us don’t feel comfortable and confident.

BECOME PRIVATE LENDER.com
Mr. Remy Belanger, VP Executive
info@becomeprivatelender.com
1-877-954-2211 #2 (Toll Free number)
1-954-957-DEAL (3325) (Florida, USA)