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Raising Private Money Vault Club

Raising Private Money Vault Club. Tonight’s Theme: How to Vet a Private Money Source. REMINDER: Dial in to the conference call number on your webinar dashboard. Tip : If on a land line, please turn OFF your cell phone or place it 10 feet away. Orientation. House Rules:

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Raising Private Money Vault Club

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  1. Raising Private MoneyVault Club Tonight’s Theme: How to Vet a Private Money Source REMINDER: Dial in to the conference call number on your webinar dashboard. Tip: If on a land line, please turn OFF your cell phone or place it 10 feet away.

  2. Orientation House Rules: Toggle *6 on your phone to mute / unmute OR Type in your question on the panel. Direct Client Care questions to the office: 713-476-0102 or TheVault@fcgllc.com Save your account questions for the office please.

  3. Agenda Announcement Theme Discussion Celebration Q&A & Deal Review Wrap-up

  4. Announcements New Member Instructions Read your QuickStart Guide first. Access your Private Money Rolodex. You should be reviewing the weekly webinar videos on the Private Money Cookbook System!! You should be doing the weekly assignments assigned on the videos and slides/notes. Contact the office with questions. These resources are at www.RPMVault.com

  5. RPMVault.com Each week’s meeting registration is posted here. If you don’t receive an email, visit this site. If you have not received your log-in, contact the office.

  6. Apartment Wealth Factory Apprentice Students provide the deals Vault Club Students provide the funding Apartment Wealth Factory manages the process all the way to closing Deals are sent in to apprentice@fcgllc.com and marked as Apartment Wealth Factory. Fax deals to (713) 758-0312

  7. Apartment Wealth Factory All deals must be submitted to AWF with the following; Completed Deal Review Sheet Deal Review Letter Most Recent P&L Most Recent Rent Roll (Same Date As P&L) Deal Must Be an 11.5 Cap Offer.

  8. Apartment Wealth Factory We have three LOI’s out for the following students Theresa Morgan Robert Verdi Olga Smith

  9. Update on First AWF Deal: New owner is seeking new debt of $500K. RPM Apprentice Students can get paid for finding a Private Investor. Rehab is underway and they are leasing it up! Property should be at 90% Occupancy in 45 days. Executive Summary is available!

  10. Objective & Expectations Objective Share and mastermind money resources Share and mastermind deal structure Vet the sources and share Expectation: Your participation & contribution This session is not about finding deals but rather funding deals.

  11. Quote of the week…… "Opportunity is missed by most people because it is dressed in overalls and looks like work. -- Thomas Edison

  12. Theme Discussion:How to vet a Private Money Source Where do you look to market deals? www.linkedin.com www.craigslist.com www.showcase.costar.com www.loopnet.com Newspaper ads Real estate clubs Self directed IRA mixers 1031 Exchange mixers

  13. Theme Discussion:How to vet a Private Money Source Identify type of source. Birddog Mortgage Broker Private Money Syndicator Private Money Broker Direct Source – They personally have the funds

  14. Theme Discussion:How to vet a Private Money Source Determine type of funds available and their investment interest. Equity Cash Flow Interest Points Fees Passive Non-Passive

  15. Theme Discussion:How to vet a Private Money Source Fee Structure Points Upfront Fees vs. Pay for Performance Due Diligence Details and Costs Travel Expenses Closing Costs

  16. Theme Discussion:How to vet a Private Money Source Written Agreement with Investor Detail Expectations Timelines Funding Fees and Expenses Responsibilities of each party Term Sheet Letter of Interest Letter of Commitment

  17. Theme Discussion:How to vet a Private Money Source WIIFM – Everyone’s favorite Radio Station Think like the investor Mindset, Mindset, Mindset

  18. Celebration Who had a breakthrough? Who accomplished a 1st? Who has a new money source? Who has vetted an existing money source

  19. Questions Questions? Aha Moments? Press *6 or enter through your Control Panel

  20. End of this Session Now, Go Raise Some Cash! See you next Week –April 20, 2010 Please answer the brief survey as you exit the webinar. Thank you in advance for your testimonial.

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