Private Lending Freedom

Welcome to Private Lending Freedom where you can learn to create freedom investing in real estate without cash, credit or a bank!

Investing in real estate without banks, credit or cash is the right way to go!  Enjoy this video training from a “Live” boot camp with Jim Ingersoll and Dr. David Phelps.

Grab a notebook and a pen and be ready to take a ton of notes.  When you hear something that resonates, write it down as an action item and prepare to implement right away!

Have questions?  Email me direct:  jimingersoll@verizon.net

Bonus Training

How to enjoy the benefits of a portfolio of rentals without needing a a bank for financing

More wealth has been created investing in income producing assets (houses, multifamily, commercial real estate) then any other investment!

Real estate investors who rely on bank financing are struggling and failing because the large down payments required and mortgage underwriting criteria make it very difficult to buy investment real estate.

A lot of real estate investing elements must be completed correctly in order to create cash flow and long-term wealth.  The good news is there are still a lot of deals available.

In many markets, investors can buy rental property for less than the price of a new car. But even the price of new car still takes a lot of capital to acquire, so the key to investing in real estate remains finding the best way to leverage real estate acquisitions without using your own money.

Real estate investors who learn to buy with OPM (Other Peoples Money), can buy houses without the hassles of getting a bank mortgage.

Recently, in my own market of Richmond, VA, I put a house under contract for $25,000. This house last sold in 1968 for $9,900. It has a current tax assessment of $115,000. It will need about $18,000 of repairs and then it can be rented for $850 per month.

To buy this home without needing a bank, I structured a joint venture with a financier who put up the capital for the investment.  In this case,  the financier is a self-directed IRA from Quest IRA. The IRA will fund the entire acquisition, closing costs, and repairs, for a total funding of approximately $45,000.My side of this deal includes doing all the work, including finding the house, negotiating, completing the repairs, and then managing the house for the next 5 to 10 years.

With this joint venture, we are splitting all net income and future upside equity 50/50. The rental income is $950 per month, taking out taxes and insurance this will net at approximately $800 per month.

The $800 per month is then split 50/50. I retain $400 per month and send the other $400 per month to the self-directed IRA. If we keep this property for five years, and it is full occupied, both the IRA and I will receive 60 payments of $400 per month for a total rental income of $24,000.

It’s a Win-Win for Everybody

If we sell the house in five years for today’s tax assessment of $115,000, our upside gross equity on the $45,000 investment will be  $70,000, which is split 50/50 and another payday of $35,000 for each party in the joint venture.

Given the nature of the joint venture being a 50/50 deal, every second acquisition is the equivalent of one free and clear house.

How many of these deals do you need to be able to live just off of the monthly rental income?

If you could structure 20 of these deals, you would be at $8,000 per month. Structure 40, and you have $16,000 per month.

Don’t even focus on the equity and net worth, just focus on the cash flow and creating free and clear houses to hold long-term. Make the acquisitions without banks and you can succeed massively.

Are you ready to elevate your game and build your portfolio of rentals without needing a bank?

Click below to check out Your Cash Flow Creator where you can learn to build a portfolio of rentals for yourself.

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