First Teleconference Calls for Invoice Factoring, and more.

We will be starting to hold weekly teleconferences for businesses that may be interested in invoice factoring. In addition, there will be guest speakers to discuss seller financed mortgages, annuity sales, probate advances, and more.

Here are the Event Brite urls for the following:

If you’re in or around any of these areas, check out the teleconference for invoice factoring. Note that these are open to the public, and anyone with a business that has invoices is welcome to attend.

Medical & Healthcare Factoring

If you are a business in the medical & healthcare industries, there is great news for you! Medicare, Medicaid, and other private insurers can take 30 – 90 days, or more, to pay your company on your invoices. If you provide medical or healthcare-related services of any type, we can help you.

Healthcare factoring applies when there is not a third-party payer involved and medical factoring companies are used when there is a third-party payer involved.

Healthcare and Medical Receivables Factoring is Available For

  • Sole and Group Practitioners
  • Rehabilitation and Physical Therapy Facilities
  • Chiropractors
  • Durable Medical Equipment (DME)
  • Hospitals
  • Laboratories
  • Medical Billing Services
  • Medical Coding Services
  • Medical Staffing Companies
  • Medical Supply Companies
  • Medical Transcription Services
  • Medical Transportation
  • Nursing Homes
  • Home Healthcare Providers (Medical & Non-Medical)
  • Imaging Facilities (providers of MRIs, X-Rays, CT Scans, etc.)
  • Ambulance Providers
  • And more

Some of the common Healthcare receivables sectors include medical transcription services, medical staffing companies, medical coding and billing services, medical supply companies, etc.

By utilizing healthcare factoring, these vendors can enjoy the benefits of a virtually unlimited line of credit all based upon the services they’ve provided. The simple method of factoring healthcare receivables is as follows:

  • The healthcare vendor invoices their customer for work that has been completed. Some of the common customers will be hospitals, nursing homes, medical offices, etc.
  • Next, the vendor sends a copy of the billing documentation to the healthcare factoring company.
  • Within 24 hours or less, the factoring company will deposit funds into the vendor’s bank account. This amount is typically in the range of 85% of the gross invoice value.
  • The factor holds 15% while awaiting payment and handles collections on behalf of the vendor.
  • As soon as the invoice is paid in full, the factor releases the 15%, minus the factoring fee, back to the vendor.

Whether you are billing Medicare or Medicaid, third-party insurance companies, Blue Cross/Blue Shield, or HMOs, we have a factoring solution to help. By factoring your medical claims, you will benefit by receiving capital up-front, while the factor waits months for your customers to remit payment. The general process for factoring medical claims is as follows:

  • The provider submits the claims to the third-party payer as normal.
  • A copy of the paperwork is submitted to the factoring company.
  • Within 24 hours or less, the factoring company deposits funds directly into the medical provider’s bank account (typically around 85% of the net collectable value).
  • As soon as the claim is paid in full by the third-party payer, the factor releases the remaining 15% minus a small factoring fee.

Simply contact us today for a detailed discussion focused on your business and its capital needs. In most cases, you can begin funding your receivables in as little as 1-3 days.

Government Contractor Factoring

Here is some information from one of the companies I will be factoring for, who do government contractor factoring:

…many owners are forced to limit their number of contracts due to the financial instability that slow-paying agencies can cause a business. With accounts receivable financing, you can circumvent this age-old problem and get paid as early as tomorrow for work that has been completed today.

How Government Contract Financing Works

  • Upon completion of the contract, or its benchmarks, submit your invoice and supporting documentation to the government agency while also sending a copy of the paperwork to the factoring company.
  • The factor will then advance up to 80-90% of the gross receivable value by depositing the funds directly into your bank account (typically within 24 hours or less).
  • The factoring company waits the weeks or months for repayment.
  • As soon as the payment is received in full, the factor will release the remaining funds directly into your bank account after deducting the small factoring fee.

Benefits of Government Contract Factoring

  • Same day funding
  • Competitive advance rates and fees
  • Short term agreements with no hidden fees
  • You choose which customers to factor and which customers to pay directly
  • 24/7 Online account access
  • Free credit checks on new customers
  • Dedicated account managers
  • Extensive government contract financing experience

The last is to emphasis that, yes, the company I broker for has a lot of experience in government contracting invoicing, and dedicated managers can help you throughout the entire process.

More Factoring Information

Special services for people in the trucking, transportation, and car hauling business are now offered via associates of 100K Investing, LLC.

As you may know, Factors will buy your invoices (Accounts Receivables), giving you working capital within 24 hours. In addition, some of our associates offer fuel cards, road side assistance, tired discounts, and even one-on-one representation, to talk to someone at any point on your journey, about what ever you may need.

We work with businesses of all sizes to factor their invoices, from start-ups to large, publicly traded companies.

Factoring: the sale of a company’s accounts receivable to a 3rd party in order to generate “instant cash” to continue to operate their business. The Factor bills the business’s customers for the work the business completed. The customer is instructed to pay the Factor, and once the customer pays the Factor, the invoice is closed.

Some advantages:

  • Little, or even no startup costs!
  • 24-hour client approvals
  • Invoices purchased same day on scanned copies, not originals
  • Competitive fees and advance rates
  • Dedicated account administrators
  • Free online credit checks, in most cases

If you currently have a factoring company, but are having some of the following problems:

  • Originals required to get funded
  • Per invoice fees
  • Monthly minimums
  • Non-responsive support personnel
  • Delays in payments posting
  • No fuel discounts
  • Reluctance to advance your customers

We work with multiple Factors, to help you get the right choice for you, to get you the services you need!

Up & Coming Business Services

Initially, our prime service for our business clients was to buy their seller financed notes, so they could get funds now, instead of waiting months or years to collect their payment.

We are working with a few different types of firms, to offer alternative commercial funding to businesses, especially when banks and other traditional lends say “no.”

Some of these methods include factoring. In part, this the selling of your invoices for cash now. Another option is merchant cash advances, or MCAs. The MCA is a loan, and the client pays it back through cash, credit card, and other sales the business makes. Others will be made available, as time progresses. Check here, on the updates section, and under the Financing Tab.

We now buy notes

We now buy notes. We buy performing and non-performing. 1st or 2nd positions.

We buy:

– Mortgage notes, especially those with seller financing
– Various legal settlements or structured payments
– Lottery Winnings
– Partials
– Factoring
– Business seller financed notes
– Others

For more information, visit the Cash for Notes tab, and its sub-tabs.

We now buy notes

We now buy notes. We buy performing and non-performing. 1st or 2nd positions.

We buy:

  • Mortgage notes, especially those with seller financing
  • Various legal settlements or structured payments
  • Lottery Winnings
  • Partials
  • Factoring
  • Business seller financed notes
  • Others

For more information, visit the Cash for Notes tab, and its sub-tabs.

Properties with Little, No, Or Negative Equity

Are you a home owner, and this describe your property? Maybe you’re a investor, especially a wholesaler. The lead comes in, and you do your due diligence but the numbers don’t work or the seller won’t bite on the numbers. In the trash it goes. But does it have to be trashed?

You worked so hard on it. If it won’t fit one particular niche, consider alternatives out there that could make that throw away lead into a deal! With how hard the real estate business is, why limit yourself and ignore all the opportunities out there?

Typically, you want to buy at the 65% formula, or at most 70% of the ARV. But if the numbers don’t work, you usually go to the next lead. Now, suppose there’s another way:  a lease option. But what if you don’t know about LOs?

Our team does. Associates have been working LOs for 20 years. We JV on the deals, splitting the profits, so instead of getting nothing, you can get something for all your hard work!

 

Terms and Info

Are you new to the world of real estate investing? Maybe you’re experienced, but someone tosses a new term at you. Maybe you’re a homeowner, and hear a lot of jargon thrown around, that leaves your eyes feeling glazed over, or scratching your head.

This is a resource, with almost 800 different real estate terms, and what they mean. From 100% Mortgage or 125% loan to Zombie Foreclosures and Titles, this resource not only gives you the definitions, but also provides a “break down” of what the terms mean.

Buying or Selling

Our focus is on Lease Options, for buying or selling. We especially focus on properties that have little, no, or even negative equity. If you’re a homeowner, and can’t sell your home for this reason, consider us and a LO. If you’re a wholesaler, or other investor, and the numbers simply don’t work, a LO may give you a chance to make some money for your hard work and effort!

If, for some reason, you are having difficulties with the submission forms, you may always send inquiries through email on the contact page.

We’re always looking for wholesalers whose leads don’t go into the 70% ARV rule or better. A “bad deal” to a flipper, rehabber, or even a buy & hold can work with a lease option!

Financing

As you may have noticed, the tab about “you funding the deal” has been relabeled to “Finance Options,” with a sub-page on multiple funding options.

Currently, the main way for funding was with Self-directed IRAs, with the occasional Solo 401k. At this time, that is what we suggest. We may have referrals. Please inquire.

The other main area of options sub-section is for debt relief, both personal and business.

 

Progression

It’s been a while since my last update, and I’ve a lot to inform my peers about.

First, I attended my DVR workshop [after waiting a few months!]. It was an interesting series of classes, about building upon one’s strengths. Perhaps the biggest thing I got is that instead of putting out resumes, one puts out “strength sheets:” short, one-page documents, emphasizing strengths and skills–NOT the jobs one has held, because that puts people in boxes–those that can be transferable to any job one applies for.

Another big thing is that the prior weekend to this one, I attended an investor “mastermind” event. One of the biggest things from this, that I take with me, is the “commission saver program.” If you’ve ever been involved in a short sale, you know how “fun” they can be. However, from the agents’ perspective, it can be nerve-wrecking. If it falls through, the listing agent doesn’t get their commission, the buying agent has to go through the process again, to find their client another home, and they client doesn’t get the home they wanted. With my network, we buy the home, with our funds, at auction, and sell it to the original buyer, so everyone wins! We look for high-end houses in the +$500K range, for those who may not be wanting their short sale to fall 100% apart.

There were some disappointments with the event, and didn’t get anywhere near the 1-1 I’s hoping for, but it was ok, especially networking; even if just one, that’s a HUGE opportunity!

I’m also working with a guy who specializes in lease options. What I REALLY like about him is that he’s willing to mentor, with no upfront fees, whatsoever! Instead, we put deals together, and we JV! That’s outstanding, as no one else does that, ever! Been reviewing information, and tomorrow, we have our “sit down and plan things out call.”

Been busy, and making lots of plans, and going to make stuff happen!

Updates

Initially, we worked with a company that claimed association with a hedge fund and financial clearing house, for buy & holds, tapes, and fix & flips. However, after multiple deals falling through, 100K Investing has decided to part company, looking for better opportunities on the horizon.

100K Investing had also, briefly, worked with another whole saler, who, unfortunately, had end buyers who had bad reps from a number of other people we had attempted to work with, so even there, there was disappointments.

Not everything is sunny and rainbows, but that just means we keep working, and make things right for all we work with!

Have you come to sites, and hate the “spin,” where all you see is the good stuff? I’m not sure about you, and maybe it’s because I’m cynical, but I can’t help but wonder “What are they NOT telling me?” It makes me wonder what they’re hiding. There are “reputation management companies:” sites dedicated to things like “defaced-content removal.” So, if there’s something negative about a company, because they irked someone off, they can work to get it removed, so that others don’t know about it, or that’s the speculation.

I’m human, so when things don’t work out, like my “homes4heroes project,” I leave it.

Homes for Heroes!

Back on The 4th of July, 2014, we launched a “Homes for Heroes” crowd fund project.

This is a pilot program, and an experiment in a mix of public and private, that will not only provide mobile homes for homeless vets and their families, but others in need, and the community, at large.

Unfortunately, the project wasn’t as big a stir as we had hoped. There were a lot of difficulties, including getting over the “crowd fund scam,” many pushed, and the feeling that there is a “homes for heroes” site, and the name chosen was poor.

It’s re-dubbed it “homes4homeless,” as we make money from deals done, it will be used to close our deal on our first project.

Sadly, this project didn’t meet its goals, and for now, is on hold.

 

Pay $15/hr to help natural disaster teams train!

From June 9, 2014 – June 13, 2014 [approximate, and subject to change], there will be an event to help train local disaster relief teams in Spokane. The event needs people to “play victims,” for the teams to train with. Pay is $15/hr.

Seeking both people who are interested in joining this event, and/or people who would be willing to host couch surfers who are coming from out of town [ie, CDA]. If you are interested in joining the event, can host surfers, or both, email me from the contact page, or Join the Facebook Event! I’ll need your first, last, and an email.

Moving Challenges: Out With Old, In With New

Well, 100K Investing Web Site has moved. There were some issues involving Google and some files getting vaped. So, I’m not happy with that, and decided it’s time to move on. So, all posts may “seem new,” but still the great info and help you’ve known and love keeps on rolling. I have also expanded my operations.

Our focus has also changed, to focus on Single Family homes for lease option purposes. We had multifamily, senior/assisted living, mobile home parks, and others, and have decided to narrow our niches.

If you’re interested in investing, especially if you’re wanting retirement planning, check out “Can YOU Fund It” page!

Welcome

Welcome to 100K Investing, LLC. Our goal is investing. Primarily, it is real estate, but it is also in the investors. For those who want to be directly involved, we provide a combination of three opportunities: education, recruitment, and investing in real estate. For those who want a less direct approach, you can be someone to help with finding deals, or even funding deals. You don’t need to be Donald Trump to provide partial funding, but if you have a retirement account [IRA, 401K, etc.], you could be well on your way! More in the Can YOU Fund it & Retire Planing page!

Properties with Little, No, Or Negative Equity

Are you a home owner, and this describe your property? Maybe you’re a investor, especially a wholesaler. The lead comes in, and you do your due diligence but the numbers don’t work or the seller won’t bite on the numbers. In the trash it goes. But does it have to be trashed?

You worked so hard on it. If it won’t fit one particular niche, consider alternatives out there that could make that throw away lead into a deal! With how hard the real estate business is, why limit yourself and ignore all the opportunities out there?

Typically, you want to buy at the 65% formula, or at most 70% of the ARV. But if the numbers don’t work, you usually go to the next lead. Now, suppose there’s another way:  a lease option. But what if you don’t know about LOs?

Our team does. Associates have been working LOs for 20 years. We JV on the deals, splitting the profits, so instead of getting nothing, you can get something for all your hard work!

 

Terms and Info

Are you new to the world of real estate investing? Maybe you’re experienced, but someone tosses a new term at you. Maybe you’re a homeowner, and hear a lot of jargon thrown around, that leaves your eyes feeling glazed over, or scratching your head.

This is a resource, with almost 800 different real estate terms, and what they mean. From 100% Mortgage or 125% loan to Zombie Foreclosures and Titles, this resource not only gives you the definitions, but also provides a “break down” of what the terms mean.

Buying or Selling

Our focus is on Lease Options, for buying or selling. We especially focus on properties that have little, no, or even negative equity. If you’re a homeowner, and can’t sell your home for this reason, consider us and a LO. If you’re a wholesaler, or other investor, and the numbers simply don’t work, a LO may give you a chance to make some money for your hard work and effort!

If, for some reason, you are having difficulties with the submission forms, you may always send inquiries through email on the contact page.

We’re always looking for wholesalers whose leads don’t go into the 70% ARV rule or better. A “bad deal” to a flipper, rehabber, or even a buy & hold can work with a lease option!