Find the Borrower Inspect the Collateral Fund the Loan Collect YOUR Check It s that simple! Earning 10% to 20% return on investment securely and consistently, with minimal risk, is the essence of this book. It conveys real-world and practical experience of the author which, when emulated, produces real income and genuine wealth to the reader. This book shows the business entrepreneur and investor how to make safe and secure private money loans and mitigate risks by: Finding the right borrowers. Working with controllable and straightforward loan terms. Collateral analysis that creates ample equity and low loan-to-value ratios. Structuring loans to produce monthly income while being secured by marketable and tangible real estate. Loaning personal IRA funds creating tax-free income. Using financial partners money to fund loans. Whether you are a new investor getting your feet wet or a seasoned veteran with a diversified portfolio and years of experience behind you, this book will change your life by introducing you to the lucrative and shockingly simple private lending industry and by teaching you how to have a safe and secure portfolio of private money loans which generate consistent cash flow.
Lee J. Carney has over a decade of banking and commercial lending experience. During his corporate banking career with Farm Credit Services and Sterling Savings Bank, Mr. Carney risk-assessed and approved over $425,000,000 in commercial real estate loans and personally managed a portfolio of over $42 million in adversely classified loans. In 2007, Mr. Carney left corporate banking to develop safe and secure private lending techniques where everyday investors learn to create wealth making private money loans. As founder and managing director of Mountain Capital, LLC, a commercial private lender located in Spokane, WA, Mr. Carney is a sought after speaker, author, and consultant. He works with investors and entrepreneurs mentoring and educating them of the benefits of private lending and teaching them the most profitable and most effective commercial loan structure for their deals. Mr. Carney is a Summa Cum Laude graduate of Arizona State University where he received his Bachelor of Science in agri-business management with emphasis in finance. Mr. Carney served four years in the U.S. Military, is an Eagle Scout, and is an active Boy Scout volunteer. He resides in Spokane, WA, with the wife of his youth and two children.
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I'm not one that goes out looking for those get rich books. My life is pretty much black and white to the point I know I will never be able to claim the rich life style and it is going to take all I have not to drown in the sea of debt. However, this is a book I want on my shelf.
Not only does this book give you step by steps charts, ideas, and actions to take to begin the private lending process but it gives you information about the world of finances. It tells you historical moments and the truth of how it isn't that these people got rich on it but that these other people you don't think about got rich on it. It gives you facts and explains those facts. Also it doesn't use to many banker terms as I like to call them. Anyone that knows the basic concept of money can read this book.
It even provides real life cases where people made a profit using some creative and some simple tricks. If you are in the Private lending business or thinking of joining the private lending business I suggest you grab this book. Also it is a good book if you are just looking to understand who, what, when, where, why, and how money and finances have gone, go, and will be going.