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One of my newsletter members recently asked if using a list broker was a good source of marketing leads to attract private lenders and, if so, how is it done. The answer is yes but with several precautions.

Precautions

It is important to understand that I strongly recommend that marketing for private lenders is done on a local and low key way. I do not recommend any sort of website advertising or newspaper advertising because it can be viewed as a solicitation to an unsophisticated investor and attract calls from your state’s SEC. You do not want one of these calls!

The SEC and state authorities monitor Craig’s List and other similar bulletin boards for people doing unauthorized advertising for private lenders. (more…)

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So you’re Joe College and you have elected not to pursue federal student financial aid, for any of a number of reasons. That’s fine, but what are your other options? You could try to apply for private student loans, for one thing.

As with most other things, when I am hunting down information, my starting point is always the Internet. Do a search online, using any of the major search engines, using the words ‘private student loans’ and you will turn up at least 50,000 related websites. Keep in mind, however, that not all of these will be pertinent. Typically the first fifty or so websites will be helpful, and fifty different sources of information is pretty good in anyone’s book! (more…)

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The conception of wedding has changed over the years. Its conception, its configuration, the way it is planned – all have changed through the past times. You can see it since you are planning your wedding or your child’s wedding. Wedding has been planned in your room, your mind, your house, your in-laws house. Every wall, every floor, everywhere you walk, your wedding is being planned. It is on your mind and finances come invariably into focus while the planning is going on. They are like the slight tap on your head that is constant and irksome and yet wanting to tell you something that is so essential. How do you stop that? You want to stop that! It can be stopped through – Wedding personal loans.

Around 2.5 millions weddings take place every year in U.K. an average budget on a wedding is estimated to be £ 20,000. Well that kind of money is not easy to accumulate. (more…)

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Overview of Peer to Peer Lending

With the cost of college tuition rising every year, the government can no longer provide enough support to cover all college expenses. In addition with the ongoing credit crisis, funding for student loans given by banks and other private institutions has nearly dried up or become inaccessible. In the instances where students can obtain private funding, interest rates can be as high as 20%. Consequently, students are desperately looking for other sources of funding for their education.

A relatively new alternative to government and banking loans is peer-to-peer lending (aka p2p lending, social lending). With peer-to-peer lending, borrowers can get loans directly from a pool of private lenders. (more…)

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A private student loan is an option for students who prefer not to borrow money from the government or from Sallie Mae, or who have not been fortunate in obtaining grants and scholarships from both private and public foundations. The interest rates could be slightly higher than say a federal Stafford loan or a Perkins loan, but if the student, or his parents, has a good relationship with a private lender, the rates and terms could be negotiated…and often in a friendly manner.

A private student loan is sometimes called an alternative student loan and could be any type of loan, provided it was not obtained from a government source. (more…)

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f you are a real estate investor and need funds to finance your real estate deals, or are looking for money to cash out of deals, there is really only ONE option in today’s market conditions. That option is a private lending program where you allow private individuals who have extra money to invest in your real estate investing business.

But with the current popularity of private lending, we are seeing our coaching students and subscribers making a number of mistakes and thought we would highlight the top 4 mistakes and what to do to avoid them when borrowing money from private lenders. (more…)

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More and more unmarried couples are living together and merging their finances.

Since 1985, the number of unmarried couples living together in the US has more than doubled. The merging of finances between unmarried parties offers unique money situations. And many are less likely to plan for the future as married couples do.

Recently, a client came to me asking for suggestions on merging finances before marriage. She was worried that the finances merged now would not be split equally in the case of a separation. (more…)

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A private mortgage lender is essential to the success of your real estate venture and your business relationship with the lender during the life of the real estate loan. For many real estate investors, working with the right lender means the difference between a sweet deal and a deal gone bad.

Many real estate investors opt to work with private mortgage lenders to escape the bureaucracy involved with the conventional lending process. The global real estate market is competitive and often the speed of the transaction is crucial to the success and outcome of a real estate deal. (more…)

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There are number of effects on the eligibility of student loans depending on student’s age and the employment status of the spouse. Some of them are positive and they give greater eligibility for student loans. Some effects are neutral and they don’t make much change in student’s eligibility for student loans. But mostly the eligibility decreases for student loans. In some cases, the marriage results in such a high penalty that it can be called a disincentive to marriage.

There is an assumption made that all students are married to some other students. Government has setup rule that require the spouses of married students to pay close to 90 percent of any income over $20,000 in taxes or contributions to their spouse. (more…)

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As a nation of debtors, we are all familiar with loans in one way or another. From car loans to mortgages, most of us have been knee deep in a loan at some point. There are certain types of financing, such as hard money loans, that are less familiar.

The finance industry is a mystery to many people. When banks were failing right and left, many wondered where the money was going. As we start bailing out and recapitalizing banks with $700 billion, many are surprised to see banks are still not lending. Heck, the federal government has even sent a directive to banks telling them to do so. Notwithstanding this, money is still barely trickling into the credit market. (more…)