free e course - inspired enterpreneur

his is a shameless plug for someone whose work I think everyone needs to know about...

Nick Williams's book - The Work You Were Born To Do - has made a big impression on my life... Every time I meet a challenge along the way, I still pick up that book, and I immediately find a quote or a passage which reminds me why I decided to start my own business and what following your heart is all about.




Anyway, Nick is on an ambitious mission to get the essence of his message - that we can all create successful businesses around work we LOVE - out to as many people as possible...

... and in order to do so, he's turned his signature book - The Work You Were Born To Do - into a fantastic e-course.

I've been recommending people buy his book for years now and it's just got even easier - because he's now offering this great course totally free of charge on his website!

Simply click below, sign-up, and the first issue will be with you in moments:
free e-course

It's a multimedia e-course so you can either stop the audio and read the issue, or you can close your eyes and let Nick talk you through his step-by-step approach. I find the second option refreshing when you've been staring at a computer screen for a little too long!

I cannot recommend Nick highly enough, so here's that link again...



Best Wishes,

Herman

Cash Making Power site

I just found out that there’s a brand new Membership site that has 5 websites you get that make money for you automatically – and you can get them in just 6 minutes from now – all with just 1-click!

You can literally get 5 powerful websites that are already making money!

I’m NOT joking – I’ll show you PROOF in a moment!

But what you need to know most is this:

You get…

1. 5 amazing websites!
2. 5 websites that convert sales automatically!
3. 5 websites that forcibly put money directly into your pocket!
4. 5 websites that are run by another firm for you (and at NO charge!)
5. 5 websites that continue to promote for you over & over!
6. 5 websites that grow & cultivate 5 separate proven lists!
7. 5 websites that function automatically (so you never run it!)
8. And 5 websites that you get Free HOSTING for!

And again, they all come in a very easy-to-use Members Area you get your own private Username & Password LOGIN to!

>> My advice would be to move on and get there FAST!

Get a New Kind of Website that actually "Forces" Money into Your Pocket!

It’s rumored that the husband and wife couple who operate the sites may either LIMIT how many people are allowed in, or at the very least “choke” down the flow of new Members so as not to let just anybody get in.

I also heard that they may stop offering anymore “5-Site Set” Memberships after some time (and without notice) just to keep competition “alive and well” (but who really knows?)

Regardless of which, it’s my understanding that once you’re in, *YOU’RE IN!* (So I wouldn’t waste time if I were you, or worse still: I WOULD NOT RISK IT!)

PROOF!...
---------------------

I just happen to have the link in case you’re smart and want in just like me and the few others who’ve found this so far:

~~~>

Get a New Kind of Website that actually "Forces" Money into Your Pocket!

**Just DON’T be shocked in case when you get there they’re closed to any “NEW” Members!

(But just don’t say I didn’t warn you!)

$1.7 Million In The Bank - Watch The Video

Now I see websites like this day in and day out, so
my first thoughts when clicking onto it were along
the lines of "yeah, so what?"

That was only until I scrolled a little down the page
and saw the live video of the owner logging into
their bank account which just so happened to have
a very nice $1.7 Million sitting in it.

And if that wasn't already impressive enough, the
$1.7 Million was the balance AFTER they had already
spent $275,000 on paying off their house AND another
$138,000 cash on a brand spanking new 2009 Mercedes!

Want to know exactly how he makes so much money
with incredible ease?
Learn more Cash Power Course

We want to start out by telling you a few things that separate us from the "crowd".

Item #1: This is not a re-engineered or redesigned method of teaching you a worn out, stale program that already exists. For example, this is NOT another way to use Google Adwords or some other form of Pay Per Click (PPC) marketing. Our methods are FRESH and NEW. Better yet, they work well!

Item #2: We are dedicated to customer support when you join. We have a full staff to answer your questions should they arise. Our staff has extensive knowledge of Cash Power Course.

Item #3: We are going to show you proof of income on this page that has been verified by a 3rd party.

Item #4: We offer an 8 week risk free guarantee. You have a full 8 weeks to try Cash Power Course. If for ANY reason, you are not satisfied with it, we will refund your order. We do not ask anything of you in this guarantee.

Learn more Cash Power Course

Item #5: Our techniques work. Our information is current and will remain so. We are not going to teach you techniques that only a small percentage of people succeed with.

Item #6: You do not need your own web site to be successful with our course.

Item #7: You do not need your own product or service to be successful with our course.

Item #8: You will not need to spend any additional money to be successful with our course.

Learn more Cash Power Course

Those are a few things that separate us. We have dedicated over 7 months putting Cash Power Course together for you. It was designed to be understandable for any level of education. Let's start by displaying a report of our first proof of income:

Rahasia mendapatkan Rumah GRATIS

Dalam Beberapa menit anda akan menemukan Rahasia...

Rahasia bagaimana mencari Rumah yang bisa di beli Gratis karena tidak semua rumah dapat di beli gratis

Bagaimana menilai kemampuan membeli Rumah anda sehingga anda tahu berapa harga rumah yang layak untuk kemampuan anda

Learn more Rumah GRATIS


Rahasia Bagaimana menilai Harga Rumah sehingga anda bisa menaksir harga rumah layak atau tidak dalam waktu singkat semudah anda membalikkan telapak tangan dan memungkinkan anda untuk untung di depan dalam membeli Rumah

Rahasia Bagaimana menilai Rumah yang akan harganya berkembang dengan cepat atau lambat

Tidak semua investasi di rumah menguntungkan saya akan bocorkan Rahasia rumah-rumah yang harus di hindari untuk di beli

Senjata Rahasia Bagaimana cara mendapatkan Rumah Gratis, benar-benar Trik yang luar biasa yang ditemukan sendiri oleh Pak James Sastrowijoyo YANG MENJADI MILYARDER DALAM USIA 25 TAHUN sehingga Tools ini termasuk rahasia paling penting untuk mendapatkan Rumah Gratis

Learn more Rumah GRATIS

Trik Rahasia bagaimana menawar harga rumah sehingga anda akan mendapatkan harga yang sangat bagus

Bagaimana anda mendapatkan penghasilan tambahan atau orang bilang passive income dari dari rumah yang anda beli

Learn more Rumah GRATIS

Bridge loan

A "bridge" or "swing" loan is a type of short-term financing that typically has a maturity date ranging anywhere from ninety days to two years. Due to the short exposure period of the loan, lenders are usually able to abbreviate their due diligence and close bridge loans quickly.

Accordingly, bridge loans are most often used in connection with time-sensitive transactions or where complications, such as environmental issues, legal complications, or construction delays or cost overruns, have arisen, and there is both an immediate need for additional capital and a viable near-term exit strategy to pay-off the bridge loan. A bridge loan, in other words, enables a borrower to speedily obtain required capital notwithstanding the existence of issues with the transaction and/or the asset, until such issues are resolved and more permanent financing can be put in place. The price paid for the shorter term of the loan and the quick turn-around by a bridge lender, however, is an extremely high interest rate. For example, while a permanent commercial mortgage might have an interest rate of 7% per annum, it is quite possible that a bridge loan on the same asset would have an interest rate of 18% per annum (or 1.5% per month). In addition, a bridge loan may require the payment of origination and/or exit fees and other expenses which may have to be paid yet again in their entirety upon the closing of the permanent loan a short time later. So, does it ever make sense to incur the additional expense associated with a bridge loan?

Let us assume that (i) ten days prior to the scheduled closing date under a time-of-the essence contract to purchase an investment property, pursuant to which the investor has posted a $2,000,000 deposit, the environmental consultants retained by such investor's proposed first mortgage lender has determined that there may be contaminants located under the property from an underground storage tank that was previously removed improperly, (ii) the long-term first mortgage lender has concluded that they cannot fund the $7,000,000 loan on the existing terms and conditions until a Phase II environmental assessment is completed and the results show no contaminants being present, (iii) the minimum amount of time to complete the Phase II is fifteen days, and if any remediation is necessary, such remediation is likely to take approximately three months to complete, and (iv) the investor cannot obtain an extension of the closing date. In this situation, the investor's most obvious alternatives are to default under the purchase contract, thereby forfeiting both the $2,000,000 deposit and the upside potential of the deal, or closing in a timely fashion but acquiescing to the lender's lower valuation of the property and altering the terms of the long-term financing to include a lower loan-to-value ratio, a higher interest rate, onerous oversight on the Phase II testing, and significant reserves on account of the potential remediation expense. In exchange for electing to put up more equity and close, the investor will be saddled with this loan for a long time, as such loans are typically either not prepayable at all or are only pre-payable after the imposition of a very costly yield maintenance premium.

A bridge loan, however, is another option. Due to the number of times that they extend loans in any given period versus long-term lenders (the same money may be loaned a multiple of two or three times more), a bridge lender is highly proficient at due diligence, and is capable of understanding the transaction in its entirety and the scope of the environmental issue facing the investor before the time-of-the-essence deadline arrives. And, while the interest rate on the bridge loan may be twice that of the long-term financing, the loan is for a short term and is almost always pre-payable (and even when pre-payment is only available with an exit fee, such fees are typically significantly less that a yield maintenance premium).

Most borrowers in dire straits of some sort or another that are not aware of all of the available sources of debt will turn to traditional, long-term, "hard" lenders for bridge loans. Such "hard" lenders are often willing to extend such short-term loans in exchange for the higher rates.

However, mezzanine funds and dedicated bridge lenders are typically able to access their own lines of credit and/or other capital sources and, particularly when an asset's value is not significantly encumbered, charge a lower interest rate than the "hard" lenders for a bridge loan (for example, 11% to 12% vs. 16% to 18%).

"Bridge loan deals," according to Michael Boxer of RCG Longview, a New York mezzanine fund, "have given us the opportunity to help owners avoid the long-term destruction of equity, and allow them the time they need to reposition the property and return it to the market quickly. We have also found that our ability to close quickly has been a differentiating factor

that is truly appreciated by our clients."

In sum, while bridge loans are typically more expensive than market-rate long-term loans, in those instances where there is an opportunity to quickly add value and then refinance, a bridge loan, and especially a less expensive bridge loan from a mezzanine fund or dedicated bridge lender, can enable a property owner to unleash significant long-term value. In such instances there is no doubt that a bridge loan can be extremely cost-effective.