Now Featuring SSL and More!

Now Featuring SSL

For the longest time, we’ve been wanting to add more security to the site, but not something that would be too technical, nor expensive. As we may have mentioned, we’re a big fan of Linux, and our prime system is Linux Mint. Thus, when ever possible, we like to use Free and Open Resource Software. For a while, we were trying some Word Press Plugins, but they just weren’t working.

Finally, there were two options. The first is Let’s Encrypt. A number of the WP Plugins seem to use this, as it’s free. However, it didn’t seem to be working, and after trying a few options, looked at another option.

That option is SSL For Free. This allows the creation of the SSL certificates needed, and to create them in a simple text file, where it can then be taken into the C-Panel, go into the security section, and copy-paste the needed information. Now, 100K Investing, LLC, has a secured site. Thus, when going through the pages, and especially on the submission forms, they are secure. Previously, the secured forms were SSL were hosted on other servers.We’re leaving a few external forms, but most are now hosted locally. We did have to go through, and recheck the http urls are now https, and we believe we have that accomplished. If you see a page that has that url, from our site, please contact us, so we may fix it.

Affiliates

We now have an affiliate section, for those who are interested in promoting our Equity Share program. Affiliates will earn 1% of the money loaned to home owners. So, if a home’s worth $250,000 × 15% (amount loaned) = $37,500 to the home owner. $37,500 × 1% = $375 to the affiliate, upon closing.

For second/vacation homes, and rentals, in certain states, affiliates will earn a flat fee of $100.

When an affiliate refers another affiliate, that affiliate receives $50 for each primary home owner transaction closed, and for second/vacation homes, and rentals, in certain states, a flat fee of $25, and the referred affiliate receives their fee, as outlined above.

We will also be looking to open an affiliate program to our retirement account affiliations.

Advertisements

Equity Sharing News

Leverage your house to invest, no monthly payments nor interest!

In this last blog post, we introduced you to an alternative to HELOCs, HELs, and Cash-Out ReFis.

Since the initial information, we have added new pages to add information about How Equity Sharing Works, Looking Beyond Your Credit Score, Repaying Equity Sharing and Fees, and even have an Affiliate Program set up, for affiliate marketers. Even if you’re not an affiliate marketer, but know someone who may wish to have a loan based on the appraisal of their house, for no monthly payments nor interest, we can still offer you a referral fee.

There are two investor firms we work with. The main differences are that one will offer Equity Sharing on second/vacation homes, and rentals, and the other doesn’t; only in CA and WA. The other is that one works in more states than the other. The full list of states that Equity Sharing is currently available in are:

Arizona
California
Colorado
Connecticut
Delaware
Florida
Georgia
Illinois
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Nevada
New Jersey
New York
North Carolina
Ohio
Oregon
Pennsylvania
Virginia
Washington
District of Columbia / Washington D.C.

An affiliate does not need to live in one of these states, only the home owner does. Currently, we are only accepting affiliates in the US, but as we continue to grow, we are looking to offer the program to affiliates anywhere that PayPal works.

We are looking to JV!

We offer 50% of the *purchase price.* $100K – $5M (property value should be at least 200k and within 5million. Over $5M is case by case). Buy & Holds only. Closing, legal, appraisal, etc. fees not covered. We’re looking to passively invest. All 50 states.

We prefer commercial or MFH of +5U. Bulk/tape (including SF portfolios) of +5U. No war zones, land or development projects, RV Parks, nor notes. Can do mobile home parks; Townhouses/condos are case by case.

For more info, check out the work with us section.

Leverage your house to invest, no monthly payments nor interest!

When one wants to tap into the equity of their home, as the image above demonstrates, one usually has 3, main, options, that just about anyone can use:

Option 1: HEL (Home Equity Loan),

Option 2: HELOC (Home Equity Line Of Credit),

Option 3: Cash Out ReFi (Refinance).

Each of these have pros and cons. HELOCs are generally considered the “easiest,” whreas the Cash Out Refi is considered the “hardest,” where the HELs fall in between. What you need to keep in mind, for all of these is that in most, if not all, circumstances, while you will have “cash” for your investment options, you will now have two debts: your original mortgage (or new mortgage, for the ReFi), and your new loan.

Investors will loan you an amount of money—ranging from 10 – 20%–and charge you no interest or monthly payments.

To learn more, visit our No Money Investment Page.

 

Up and coming information!

Summer is here, and we have some up and coming information for you!

We have redone our navigation at 100K Investing, LLC, and have recreated our financial information section.

We have included information about Self-Directed IRAs (SDIRAs), as well as SoloKs. These options that have some similarities, in regards to your investing options, but also, distinct differences. The most distinct difference being the SoloK is primarily available if you own your own business, and the only full-time employees are yourself and spouse; SDIRAs are open to anyone.

We will be looking at having a series of monthly workshops throughout Spokane County, to help educate the community about these options. In addition, we will be looking at holding a series of webinars, to provide information to people outside of our local community, to help open up the opportunity for them to learn about investment options.

Please note: at no time, during these workshops, will deals of any sort–businesses or real estate–be offered. These workshops will only provide information, to help you with performing your due diligence.

Getting Started In Investing? Passive Investing?

Real estate investing is NOT easy. If it was, there wouldn’t be all these gurus and infomercials selling you “education.” They would be doing real estate. So do both, but many sell you stuff, and sell, and sell…I’ve “been there, done that…and lost the film rights!” Ok, maybe not that last, but it seems so!

There are a ton of areas in REI: bird dogging, wholesaling, fix & flip, land, rentals, single vs multifamily, commercial, notes, short term rentals (Air BnB), and on. All of these, except for bird dogging, and maybe, if you do the deal great wholesaling (or lease option/wholesaling), you need green, and I’m not talking about paint, for the flippers, either!

You can go the way of hard money, and if you have the money for your “skin in the game,” a lot of successful flippers do so. I know of one HML which offers 100% funding. I have NOT used them, so cannot say anything about it, but wanted to point out the resource.

Also, if you’re looking to wholesale properties, and don’t want either party knowing what you’re making (suggested if you’re going to make between $5 – $10k, or more), then you may want to try Transactional Funders. Same rule as above, in that I haven’t used all of them.

But maybe, you’re wanting to go more. Maybe you’re tired of getting deals under contract, but having to let the deal expire, because you can’t get a buyer: they don’t have funds this month; it’s in the wrong zip code; it has a pool, and they don’t want the hazard, or many other options. For that, you need Private Money, which I loosely define as money not from any sort of institutional lender, “bank alternative,” or someone soliciting you on a real estate social media platform. If the terms and figures seem like Hard Money, then it’s Hard Money, by another name.

The best option for REI, IMO, is networking with others, presenting a large, unified front, to find private money. One of the best sources, is Self-Directing IRAS. If you’re unfamiliar with them, then watch this short video.

We’re looking to network with other real estate professionals, no matter your experience level. If you’re interested in working together for mutual benefits, please contact us.

Updates and Corrections

Corrections

I appreciate those that have reached out to me, to let me know that some of the email forms weren’t working, on both the cash buyers and JV-wholesale forms. I’ve removed the pages, and opted for a simple contact page, with appropriate phone numbers and emails. There were a few other faulty links and pages, which have now been fixed.

Updates

The opportunities section (eg, co-wholesaling), and the identity theft are now under the About Tab. There’s the About section (click About to go to that part), Opportunities, and ID Theft.

We will probably be removing the Factoring Section, shortly, as it’s not in line with our main focus of real estate investing.

We’re now relaunching our Lease-options opportunities, with a focus on JVs with other investors looking at the L-O arena (four sections; click on the Lease Option tab for more info, regarding LOs).