Real Estate List Peddlers
There is something very new in our business: Real Estate trainers offering a list of private lenders. But they don’t tell you that you could end up in JAIL if you advertise to them. So I’m blowing the whistle on them.
One of the keys to being successful with private lenders is how to find them. I’ve found 16 ways. Eight ways I use to attract family, friends and associates and eight ways for attracting strangers to become private lenders.
That brings me to what is new in our industry. A couple of new real estate trainers (we’ll call them “The List Peddlers”) stumbled onto a list that is generated by state and updated monthly with a new list of private lenders that have loaned money in the previous 30 days.
That sounds appealing, doesn’t it?
Sounds easy and simple, doesn’t it?
Get a list of fresh hot private lenders that live in your state, market the heck out of them and hopefully find someone to loan you free money.
At least that is what The List Peddlers want you to believe.
Well, BUYER BEWARE!!! The List Peddlers are gone with your hard earned $$$ and you are up to your butt in legal fees because they (the List Peddlers) aren’t giving you THE WHOLE STORY.
What’s wrong with that picture? These guys are low.
HERE is the bottom line:
– You are not allowed to just go advertise for lenders
– That is a violation of SEC regulations
– There are forms to fill out first (I give these forms to my students)
– You need to produce your advertising, your disclosure, etc.
– You need to submit all of this to the Securities & Exchange Commission in your state through an SEC attorney
– Once you have registered with your state’s division of the SEC, THEN you can go ahead and advertise to your list
Get the rules in detail here:
P.S. This is a must-read for EVERY real estate investor and you get it here as an instant download.
This eBook is not meant to be an exhaustive examination of how other real estate trainers conduct themselves or their businesses, but rather an overview to help you get a feel for encountering real estate trainers who may be disreputable or misleading. Moreover, this eBook is not legal advice and should not be construed as such. Nor is is meant to be slanderous of any particular persons. Furthermore, the laws of each state and the federal government are subject to change after the publication of this book. Therefore, before becoming involved with any real estate trainer, you should seek the advice of an experienced attorney and/or accountant so that you understand your rights and obligations and to ensure than you don’t run afoul of the law.