Raising Private MoneyVault Club

Tonight’s Theme:

How to Vet a Private Money Source

Tip: If on a land line, please turn OFF your cell phone or place it 10 feet away.

REMINDER: Dial in to the conference call number on your webinar dashboard.

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.

Agenda

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

Announcements New Member Instructions

1. Read your QuickStart Guide first.

2. Access your Private Money Rolodex.

3. You should be reviewing the weekly webinar videos on the Private Money Cookbook System!!

4. You should be doing the weekly assignments assigned on the videos and slides/notes.

5. Contact the office with questions.

These resources are at www.RPMVault.com

RPMVault.com

If you have not received your log-in, contact the office.

Each week’s meeting registration is posted here. If you don’t receive an email, visit this site.

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

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.

Apartment Wealth Factory

We have three LOI’s out for the following students– Theresa Morgan– Robert Verdi– Olga Smith

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!

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.

Quote of the week……

"Opportunity is missed by most people because it is dressed in overalls and looks like work.

-- Thomas Edison

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

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

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

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

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

Theme Discussion:How to vet a Private Money Source

WIIFM – Everyone’s favorite Radio Station Think like the investor Mindset, Mindset, Mindset

Celebration

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

source

Questions

Questions? Aha Moments?

Press *6 or enter through your Control Panel

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.