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Hard Money Lending Seminar (Atlanta, GA) by Dyches Boddiford

April 11, 2015 - April 12, 2015

Jim Hitt, CEO of American IRA, will be attending this Hard Money Lending event.

Here’s what Dyches Boddiford says about this event:

Earn Passive Income by Lending to Other Investors…

Let them do the “dirty work” while you earn the easy money!

You’ll learn how to make money just like the banks while avoiding all the hassle and mistakes made by most lenders. But you’ll learn how to earn huge returns and what common mistakes to avoid.

This class is for the individual investor that just wants to do the occasional hard money loan OR for those that want to start their own hard money lending company.

Though the class will deal mainly with loans made to other investors and businesses using real estate as collateral, homeowner loans will also be discussed along the way and the many consumer protection laws that make these loans less desirable than in the past.

Learn how to become a private lender with Dyches Boddiford and Bob Witcher, an Atlanta attorney, who has been closing private loans for over 30 years. Dyches is a full time investor who has been buying mortgages and making private loans since the early 1980′s. Learning from both perspectives provides a unique experience.

You’ll learn

  • Evaluating the property—properly done, you will never be worried about a loan.
  • Evaluating the borrower. As asset based lenders, we shouldn’t be concerned with the borrower, right? Well, there are a couple of things we should check or you may be sorry.
  • What do you do when a borrower wants an extension? Can you charge an extension fee?

“Anyone, at any level of lending, not only should, but needs to attend this class…”

“This is the one class that is indispensable. I attend every time it is offered and each time it proves more valuable; each time I learn more that I immediately apply to my lending practice. This is a solid, in-depth training class that leaves nothing out. In fact, it offers more information than you can absorb in a weekend. Anyone, at any level of lending, not only should, but needs to attend this class, not once, but every time it is offered. I do.”

  • How much can you charge in late fees and how soon?
  • What wording you need in the prepayment penalty clause to allow a prepayment penalty no matter what, even at foreclosure?
  • When do you have to give a default notice and the right to cure (and when do you not)?
  • Who must get a truth-in-lending statement and who doesn’t? What are the penalties if you don’t comply?
  • Do you know how much normal attorney’s fees are for a foreclosure? 15% in most states right? Not necessarily, it could be much less if you don’t have the right language.
  • How do you maintain records of payments received and how do you calculate pay-offs (an improper pay-off amount just cost a lender $7,000 to settle!).
  • We will also discuss how to deal with Chapter 7 & 13 bankruptcies. And how to try to avoid them in the first place.
  • What is “usury” and how do you calculate it?
  • How to use your IRA to make loans. And the proper way to title the public documents. If they aren’t done properly, you may not be able to foreclose!
  • How to handle and track loans, step-by-step. How 1098′s are handled.
  • Licensing requirements and how to avoid them.
  • Avoiding consumer loans– How HOEPA (Home Ownership and Equity Protection Act), also known as Section 32, RESPA and Predatory Lending Acts affect you and your loans.
  • What’s the penalty if you don’t comply?
  • How EPA and the state environmental agencies figure into your loans.
  • Why loan-to-value has little meaning, you should look at investment-to-value.
  • How a DUE ON SALE clause can make you money. (No, not just the way you think.)

“I even paid for my attorney to attend last year.”

“If you are thinking about getting into the hard money lending business, this is a must attend class. To steal a line from Dyches, “Anybody can make a loan, the trick is making good loans” and Dyches and Bob teach you how to make good loans.

I’ve been to the class the past three years and plan on attending again this year. I even paid for my attorney to attend last year. The class is just that good! Dyches and Bob do an excellent job teaching the ins and outs of the hard money lending business and the course manual has been invaluable in my day to day operations.

An added bonus for the class is the networking that happens both during and after the class. In addition, Dyches has been most generous with his time in answering my questions after the class.”

Wade
  • Difference between a balloon and a call.
  • Credit Line and Equity Participation Loans structured for Investors.
  • Adding “Money Stretchers” to loans.
  • Using “Must Takes” to get rid of dog properties you may have.
  • Why you should never make phone calls to debtors.
  • Why you should never let debtors send their payments to your home.
  • The Protected Closing Letter and why it is important to you as a lender.
  • Bridge, building & construction loans up to 5% per month in some states – well secured!

Great Course!!

I made an additional $16,500 on my next deal by now knowing what to do with a defaulted balloon payment. Knowledge is everything in this business.”

  • Alternatives to escrows – keeping it simple and making money at the same time.
  • The attorney gets all the attorney fees at foreclosure, right? Not necessarily, you can participate if you know how.
  • Partnering on deals/split funding/using WRAPs.
  • Other ways to structure funding that can generate even greater returns.

Plus – You will be provided with all our latest documents and checklists. The value of these documents and clauses alone will return you the cost of the seminar many times over.

 

Hear what others had to say about Dyches’ Hard Money Lending course:

“This was the best class I’ve taken on real estate investing. The instructors were incredible and I would recommend it to anyone.” – Bob Copeland (Atlanta, GA)

“Bob and Dyches provide great point and counter-point as they share their real world experience in the world of private lending.”– Anonymous (Devon, PA)

“Good instruction & materials. Good networking opportunity and great time to talk to others in the business to discuss ideas and ways they do things.”-Pete Brown (Norcross, GA)

“If I had taken the class before writing the mortgages, my monthly cash flow would have been greater. Best class I have taken in terms of necessary info for my business.”– Anonymous (Houston, TX)

“Attending for a second time was well worth money. It reinforced many areas covered first time through.”– AWH (Fayetteville, GA)

Details

Start:
April 11, 2015
End:
April 12, 2015