Alan Cowgill
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E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Alan is a full-time Real Estate Investor, investing in single family and small multi-family properties in Springfield, Ohio.
Since 1995, Alan has bought and sold hundreds of investment properties. Alan uses Private Lenders, not banks; to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for "Win - Win" situations, where the seller, the lender, and the eventual homeowner can all "Win". He is not a Realtor, but a Private Investor.
Alan has served as an elected official to the Board of Directors for the Clark County Property Management Association. He is an author, consultant and national speaker. He has been asked to speak on the topics of 'Investing for the Beginning Investor.' and 'Finding Private Lenders.' His home study system, 'Private Lending Made Easy', shows new and seasoned real estate investors how to find private lenders for their own real estate business.
His website is http://www.truthaboutprivatelending.com
Recent Activity
In the past, I would buy bank repo houses for sale assuming that I could fix it up and sell it. So I’d buy the property, fix it up, put a tenant in and they would move out. So I was forced to fix it up again and go through the same motions
Did you know we have peddlers in our business too? I call them The List Peddlers because they "peddle" a list of private lenders and they are tragically misleading real estate investors all over the nation
My students have asked me how they can borrow money from private lenders to get into some non-traditional types of investing. How can they do this without securing their private lenders’ money on a piece of property?
I like using this sports metaphor here. If you want a good business, you have to have a good team. My system will allow for a good team to work together well. You need to know which positions to have on your team too
Once you understand your foreclosure laws, you can better speak with your clients and others involved in a short sale. It makes things more comforting for everybody to know that they are working with someone who is knowledgeable.
There are a few things we look at when we do credit checks. We look at past employment and whether they are working currently. We look at past landlords. We look at their income, criminal record and their credit
When we walk through a property, whether its bank repo homes or whether somebody lived in it and moved out, we want it to be secure. If there’s a light hanging by a thread, we will have to get it fixed up
People give us applications and we have to figure where we’re going to place them or even if we’re going to place them. Applications are important; they are what start up the business relationship
Always get recommendations and reference with contractors you hire. You don't have to get references from another real estate investor; there are tons of places you can go to find out who the best contractors are
I would suggest almost everyone have their closing agent prepare the promissory note and that’d be the normal way. I’m just telling you exactly the way we do it so that you know.
