| |
|
Article Directory :: Finance & Investment Articles
As part of our private lending coaching program we spend a lot of time showing students what to do. But we also show them many things NOT to do to stay out of trouble. Please find below the top 7 things you should never do as part of your private lending program.
1. NEVER Assume You Know Your State Regulations - I would say the number one thing any real estate investor should do before getting involved with private lending is to READ your state securities regulations. I know this is not easy reading, or fun, but simply reading the regulations and understanding your requirements can prevent a major and costly mistake. If you are not going to read the regulations you should, at least, consult an attorney about what is allowed and not allowed in your state.
If you are not sure how to get your regulations simple go to Google and put in "securities regulation" and your state and they should be at the top of the list.
2. NEVER Fail to Submit any Required Paper Work - Once you have read your state regulations you may be required to do nothing (great), you may be required to file a notice with the state or register with the state securities department. Either way, be sure to understand your requirements and make sure you follow them and file the correct paper work.
3. NEVER Advertise on the Internet - You should never advertise on any internet site directly for investors or make an offer to invest in a specific property. There is nothing wrong with offering free information or educational material as a "door opener". But do not advertise directly for investors on site like Craig list or other bulletin boards.
4. NEVER Have a Web Site for Private Lenders - Again this relates to 3 above in that you should never advertise directly for money or investors on your own web site. You can offer advice or education but nothing more.
5. NEVER Use Out of State Investors - Never use out of state investors unless you have filed the proper registrations with the federal SEC.
6. NEVER Advertise in Newspapers - Never advertise in newspapers because you cannot be certain who is reading the paper. The person could be from another state and federal regulators could deemed that as a cross state solicitation and require you to register with the federal SEC. You can also never be certain if the person reading the ad is qualified for the investment.
7. NEVER Use These 5 Words in Your Advertising - Never use these 5 words in your advertising including Guarantee(d), Low Risk, Secured, Safe and Risk-free. All of these terms will attract the attention of the federal or state SEC organizations as potentially false or misleading advertising of securities for sale.
I invite you to learn more about Private Lending and get my new FREE 20-page ebook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by clicking here http://realestatewealthtoday.com/FREE-eBook.html . Mike Lautensack is a full-time real estate entrepreneur and creator of the Private Lending Presentation Kit. To learn more go to Private Lending Presentation Kit.
 EasyPublish™ this article - publishers click here
More articles by Michel Lautensack
|
Free Report!
Ten Essential Secrets Of Article Marketing ... Grab Your Free
Copy Now:
Need Content?
Regular Top Quality Content for your Blog, Ezine or Website ...
Delivered Direct,
For Free!
Click For Details
Arts & Entertainment
Automotive
Business - General
Computers & Technology
Finance & Investment
Food & Drink
Health & Fitness
Home & Family
Internet Marketing/Online Business
Legal
Pets & Animals
Politics & Government
Reference & Education
Religion & Faith
Self-Improvement/Motivation
Social
Sports & Recreation
Travel & Leisure
Writing & Speaking
|
More finance articles: - Guaranteed Online Personal Loans Explained (Mark Inglis)
Guaranteed online personal loans secured against an asset and unsecured loans are explained in this article. - Direct Payday Advance Lenders Vs Indirect: Which is Better? (David Kamau)
Whether you have good credit or bad credit, a payday loan may be what you need. There are two basic types of this type of lender, direct and indirect. So, which is better? - Lucrative Trades in Forex - Finding the Right Forex Trading Software System (Wilson Trat)
Compared to trading stocks currency trading gives you big rewards. The main genuine advantage is that the sum of money you need to trade is extremely small. If you were ever going to get involved in forex trading, now is the time. However, you're going to have to find the right forex trading software system to be successful. - Creating a Budget that Works (Molly Wider)
Budgeting is about sacrificing, right? Wrong. Budgeting is about enjoying the results of a well planned financial strategy. If you think of budgeting as the ultimate cut-the-expenses experience, you'll never make it. Depriving yourself completely of indulgences is not something that will provide financial gain; at the contrary, it may very likely lead you to abandon your budget completely just out of frustration for lack of rewards. - Here's How Ordinary, Everyday People Are Making Money With Penny Stocks! (Grant Dougan)
One of my favorite investment types are penny stocks. Some investors stay away from these types of shares since they believe that they are risky. Don't let yourself be nervous though - you will earn incredible cash if you know how to find winners. - Daytrading Using Mean Reversion Strategies (Scott Cole)
Mean reversion is just another strategy that daytraders include in their arsenal when attacking markets on a daily basis. The opposite of the momentum type strategies, it is a good way for the daytrader to diversify and be able to find opportunities on a daily basis. - Fibonaccial Trading Techniques For Forex (John Eather)
Fibonacci was the great mathematician from Italy. He founded the new sequence of numbers and it was named after him called as fibonacci. The 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377,610 etc are the numbers of this sequence which has the starting of 0 and 1. Each number in this sequence is the sum of the preceding two numbers. - Forex Trading - The Market Is Not Your Enemy (Jay Meisler)
Every trader at one time or another has had a bad trading day that makes him feel like the market is his enemy. This article uses an example from a forex trading day to describe some of the conditions when this might occur and what a trader might be going through during this time. The goal is to create an awareness and to emphasize that the market is not the enemy. - Discovering the Pros and Cons of Using a Prepaid Credit Card (Tara Tiemann)
Prepaid debit cards are becoming a popular way to pay purchases and bills. It works like a credit card but instead of paying at a later time, a prepaid debit card can only be used if there is a deposited amount of money in your account. This article will enumerate the advantages and disadvantages of using a prepaid debit card.
We Automatically Distribute Articles
To Thousands Of Publishers And Web Sites:
Submit Article
All content is viewed and used by you at your own risk and we do not warrant the accuracy or reliability of any of the information. The views expressed are those of the individual contributing authors and not necessarily those of this web site, or its owner, Takanomi Limited.
|
|
