Senate to pass small business lending bill

Go Mobile, Go Global
Growth plays: Asia and mobile computing.

Read more on Forbes

MONEY & BANKING
INTEREST RATES: RBI raises key policy rates to combat inflation The Reserve Bank of India on Thursday fired yet another salvo in its war against inflation by hiking key short-term rates even as it hinted that it may be close to calling a halt to monetary …

Read more on The Hindu

Senate to pass small business lending bill
Long-delayed legislation designed to open up credit to small businesses and award them with other incentives to expand and hire new workers is on track to pass the Senate on Thursday.

Read more on AP via Yahoo! News

Buying A Private Car eBook

What’s in it for me?…Hot Niche! People always buying used cars from private sellers. Top commission paid with this eBook “Buying a Private Car” that takes the buyer from start to finish to find their dream car.
Buying A Private Car eBook

Are there any personal money loaners out there?

Are there any private/personal loan sharks out there that loans out money themselves? Does anyone know anyone that lends money? Let me know. Thank you.
We’re talking about:

1. We negotiate amount. (Around $ 3,000)

2. You loan me the money.

3. I pay you back amount + interest = you make money.

Very simple. Nothing more, nothing less.
I live in The Bronx, NY area.

Ps. Joe Torre needs to retire already!
Please do not refer prosper.com.

Notice I said personal/private lenders?

Just How Safe is Private Lending Money?

Trust Deeds or Private Loans/Hard Money Loans are the secret weapon that the successful investors use to earn high returns while the average person places their money in low yield investments like savings accounts, CDs, money markets, and even mutual funds

High private money lenders cash in on high yield safe investments

Safe investments that produce high yield safe investmentsPrivate money lending; what it is and who should do it.So what is private money lending? It’s a kind of financing in which a lender receives resources by analyzing the value of real estate owned by the borrower. The motivation for investing includes: the simplicity in the underlying purchase and a desire for: 1) An investment secured by property 2) Normal income derived from monthly dividend distributions; 3) Greater yields than those accessible from investing in money market funds or bonds; 4) An Active involvement in real estate finance.How does the process work? Real estate investors or borrowers, provide a Private Money Lender with the following information: 1) The amount of funds requested; 2) The value of the property that is being pledged as security, or collateral; 3) a property description; 4) a schedule of how funds will be usedThe Private Money Lender then assesses the proposed loan, focusing on the value of the property being proposed as collateral. By determining the “protecitve equity” existing within the property, Lenders are able to generate a maximum loan amount.For Private money lending, this equity offers the cushion for risks associated with extending a mortgage.In the event that the borrower defaults on the loan, investors recoup their capital by assuming the borrower’s equity in the property.Protective equity is calculated by taking the liquidated value of the property (the selling price at which the residence could possibly be sold quickly, typically ninety days), and then subtracting any outstanding debt related towards residence in the form of current loans or tax liens around the house.This amount is then compared to a Loan to Value (“LTV”) ratio. The ratio, established through the loan provider, represents the greatest volume that the loan provider will lend a borrower. It is expressed as a percentage in the total total of protective equity, divided by a percentage.Example: Appraised land worth = $1,200,000 Present trust deed = $200,000 Equity = $1,200,000 – $200,000 = $1,000,000Loan to value = 60% Maximum Loan Amount offered to borrower = 60% of $1,200,000, or $800,000. The lender may well pick to place a $600,000 2nd Deed of Trust behind the $200,000 existing Deed of Trust or it may well place a new single $800,000 1st Trust Deed loan.The borrower is advised as to an approximate sum of money that may well be borrowed, and is provided with a preliminary estimate of a range of interest rates and loan fees that may be anticipated. This advisement generally comes in the form of a Letter of Intent or Letter of Interest prepared from the lenderAfter all loan documents are prepared and filed, the loan funds are transferred to the borrower. Right after a brief pause in financing activities, the debtor then turns his attention to arranging permanent financing to replace the increased price bridge loan he is committed to.Private Mortgage InvestmentThis is the conventional method for investors to extend loans to borrowers. A limited number of investors (in California, 10) secure a loan made to a borrower by placing their names on a 1st (or Second or Third) Deed of Trust on borrower’s property. Monthly payments are made to a servicing agent, who then distributes the payments pro rata to the individual investors.Fractional investments present the advantages of simplicity and transparency. Every person investor reviews each and every prospective financial loan prior to making a choice to invest. On the downside, “building” every bank loan investor-by-investor requires time, detracts from 1 of Personal Money’s key advantages: speed.By its nature, the investment is not diversified for personal investors. The investment is designed entirely to a single debtor, normally on a single home. In the event the borrower fails to make monthly interest payments, the income flow to the investors stops. If the borrower defaults on the loan, this income flow will cease completely. Investment principal and interest will be recaptured only soon after the loan is renegotiated, or the home securing the loan is foreclosed upon and sold.Even more, investors holding larger percentage interests in a fractionalized loan may possibly maintain better control within the transaction over the other, smaller investors. In theevent that additional investment funds are needed in order to prepare a foreclosed-upon property for sale,investorsshould come up with these additional funds.Equity ownership programsHere, investors take direct ownership positions within properties that are undergoing rehabilitation or new development. This structure can be utilised in conjunction with loans extended for the project, to ensure that the investor holds both equity and debt interests.Where to locate a Private Money borrowersOnce you decide to become a Private Money lender, you will need to find qualified, industry savy, borrowers to lend capital to. www.Yourwholesalehouse.com is a great on-line resource for locating qualified private capital borrowers. This web page is extremely user friendly and takes the guess work out of finding and creating profitable deals with smart real estate borrowers. Within minutes, you will be able to view the real asset, research the marketvalue of the property, and decide whether or not a deal is right for you.