FIBI Pasadena - How to Lend & Borrow Private Money with Jeff Smallowitz

FIBI Pasadena will be in person and live streamed via zoom. Jeff Smallowitz will be in person

Topic : FIBI Pasadena - How to Lend & Borrow Private Money

When: Thursday March 17, 2022 at 7PM

IN PERSON:
Where: In person at 180 N. Fair Oaks Ave Pasadena, CA
and live online via zoom

Fee: $20 at the door

Details: COVID protocols are set in place with mask requirements and socially distant seating

VIEW ON LINE:
Register in advance TO JOIN VIA VIDEO for this meeting:
https://us02web.zoom.us/meeting/register/tZYldOGopz8vH9IVi_B1LckmlffeYQoOTjNv

After registering, you will receive a confirmation email containing information about joining the meeting.

Fee: $10 at link below

Please pay for online viewing at: https://paypal.me/FIBIPasadena?locale.x=en_US

SPEAKER TOPIC:
This months speaker is Jeff Smallowitz.

Topic:
Whether you have a little or a lot of money to lend, or you borrow money, you don't want to make costly mistakes!
Perhaps you have neither the time nor desire to own property and be a landlord. If so, then loaning your money to experienced investors, secured by real estate, might be for you.
Join us at this meeting and learn how to loan your personal funds safely and securely, without actually owning the properties, as well as many tips on borrowing from a private lender.

Jeff will not only talk about the pitfalls of borrowing private money, but also the benefits of working with or becoming a private lender.
Learn from an experienced lender:
• The basics of becoming a private lender or borrowing from one.
• Questions to ask a potential lender and what to watch out for.
• How much money you need to get into the lending business.
• Loaning from self-directed IRAs and 401Ks.
• How to evaluate a good deal as both a lender and a borrower.
• Some simple rules for lending and for borrowing.
• How to meet and qualify borrowers and the property.
• Keeping it legal. Usury and Licensing. Business and Consumer purpose loans.
• The mechanics of lending and borrowing (i.e. the dreaded paperwork).
• What could possibly go wrong?
Jeff has not spoken at our club before, so don't miss out!

Bio:
Jeff Smallowitz is a full-time consulting aerospace engineer who loves his career and pinches himself every day in disbelief that his clients actually allow him to work by their sides. With real estate experience ranging from out-of-state house flipping, a portfolio of overseas residential and commercial properties, and many performing loans secured by flips, Jeff and his wife Ellen rave about lending. They are also disgruntled stock investors who dumped their stock portfolio years ago in favor of investing their after-tax money and retirement funds into first-position performing trust deeds, while only wishing they started sooner.