raising private money vault club
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DESCRIPTIONRaising 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: - PowerPoint PPT Presentation
Raising Private MoneyVault ClubTonights Theme:How to Vet a Private Money SourceTip: 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.
OrientationHouse Rules:Toggle *6 on your phone to mute / unmute ORType 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.
AgendaAnnouncementTheme DiscussionCelebrationQ&A & Deal ReviewWrap-up
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
RPMVault.com If you have not received your log-in, contact the office.Each weeks meeting registration is posted here. If you dont receive an email, visit this site.
Apartment Wealth FactoryApprentice Students provide the dealsVault Club Students provide the fundingApartment Wealth Factory manages the process all the way to closingDeals are sent in to firstname.lastname@example.org and marked as Apartment Wealth Factory.Fax deals to (713) 758-0312
Apartment Wealth FactoryAll deals must be submitted to AWF with the following;Completed Deal Review SheetDeal Review Letter Most Recent P&LMost Recent Rent Roll (Same Date As P&L)Deal Must Be an 11.5 Cap Offer.
Apartment Wealth FactoryWe have three LOIs out for the following studentsTheresa MorganRobert VerdiOlga 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 & ExpectationsObjectiveShare and mastermind money resourcesShare and mastermind deal structureVet the sources and shareExpectation:Your participation & contributionThis 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
I Have a Few Quick Questions
Theme Discussion:How to vet a Private Money SourceWhere do you look to market deals?www.linkedin.comwww.craigslist.comwww.showcase.costar.comwww.loopnet.comNewspaper adsReal estate clubsSelf directed IRA mixers1031 Exchange mixers
Theme Discussion:How to vet a Private Money SourceIdentify type of source.BirddogMortgage BrokerPrivate Money SyndicatorPrivate Money BrokerDirect Source They personally have the funds
Theme Discussion:How to vet a Private Money SourceDetermine type of funds available and their investment interest.EquityCash FlowInterestPointsFeesPassiveNon-Passive
Theme Discussion:How to vet a Private Money SourceFee StructurePointsUpfront Fees vs. Pay for PerformanceDue Diligence Details and CostsTravel ExpensesClosing Costs
Theme Discussion:How to vet a Private Money SourceWritten Agreement with InvestorDetail ExpectationsTimelinesFundingFees and ExpensesResponsibilities of each partyTerm SheetLetter of InterestLetter of Commitment
Theme Discussion:How to vet a Private Money SourceWIIFM Everyones favorite Radio StationThink like the investorMindset, Mindset, Mindset
Celebration Who had a breakthrough?Who accomplished a 1st?Who has a new money source?Who has vetted an existing money source
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.