Category Archives: News
On behalf of Secured Investment Corp’s Executive Management Team, Dean Hutching, COO of Secured Investment Corp, issues the “Visionary of the Year” award to Lee Arnold, CEO.
“Lee has led the company through uncharted waters in 2012,” said Dean Hutchings.
Secured Investment Corp’s Meteoric Rise and triple digit growth over the last three years isn’t just the result of its team, it’s also being in the right place at the right time. In a market where real estate prices are the lowest they have been in over 50 years, and a banking system that continues to refuse funds to real estate investors, Secured Investment Corp is positioned as the market leader in Funding for real estate investors.
We were on NBC! Check out Lee’s Sunday Interview
Lee just did a very revealing interview about the real challenge in today’s real estate market in regards to getting enough funding to be successful. It aired on Sunday, December 30th on NBC! And now you can watch it here: http://www.khq.com/category/150895/invest-northwest In this Hard-Hitting Interview, Lee Covers These Topics… – Over the years, we have found that the foremost motive for people to select a private lender over a bank is consumer dissatisfaction with traditional lending.
Many people are tired of the traditional banks’ lack of customer advocacy, as well as all of their hidden or unfair charges. Many real estate investors who walk through our doors find that banks are too rigid with their credit criteria. In this interview, Lee talks about how private lenders, like Secured Investment Corp and Private Money Exchange, are able to offer less stringent credit guidelines, while at the same time offering individual treatment and guidance through the loan process. – Access to financing is a critical issue for most real estate investors, however most lenders put limits on the amount they will lend an investor, regardless of credit history, property values, or track record.
Lee talks about how most Private Lenders are able to eliminate this challenge by offering limitless funds on great real estate transactions. Just go here to watch Lee’s NBC interview today: http://www.khq.com/category/150895/invest-northwest
Enjoy! Staff at Secured Investment Corp and Private Money Exchange
Cogo Capital Helps Local Real Estate Investors and Housing Market
Contact: Lenae Thornton
Phone: (800) 369-4237
Nov. 30, 2012 — Spokane, WA. — The press and public are invited to attend the Cogo Capital Grand Opening and Ribbon Cutting Ceremony on Thursday, December 6th, at its new office in Spokane located at 4610 N Division St., Suite #1. To celebrate our kick off, the grand opening will include wine and appetizers. The ribbon cutting will take place at 3:00 p.m. and the open house will take place from 3:00-7:00 p.m.
Don’t miss the event that will show real estate investors and mortgage brokers how to get fast financing for residential and commercial investment deals!
The local opening of Cogo Capital is a culmination of real estate entrepreneur Lee Arnold’s vision to provide access to private money for real estate investors through local outlets across the nation.
“We are very excited about the timing of this project” said Lee Arnold, CEO of Cogo Capital. “Because banks aren’t touching this market, the only place to go, if you don’t have cash, is to private lenders. Cogo Capital expertly fills this niche in a very remarkable and unique way.”
“It is well known that real estate investors are the natural life-blood of any economy,” continued Arnold, “and we’re now giving them the financial boost they need to invest in the housing market.”
According to the National Association of Realtors, real estate investors’ contribution to the economy is huge—a 9.2 Billion Dollar impact to be exact. Last year alone investors purchased 1.23 million homes, a 64.5 percent increase over 749,000 in 2010. This year and next is projected to be even more.
Cogo Spokane is the first branch of its kind in this unique and revolutionizing niche of private money fulfillment. In the year 2013, the company is planning to expand and open eight more branches in strategic areas across the country.
About Cogo Capital
Cogo Capital, a wholly owned subsidiary of Secured Investment Corp, was launched as the nation’s premier private money lender. They provide an efficient and uniquely interactive method for obtaining capital for investors looking for funding for non-owner occupied residential and commercial investment deals. Cogo Capital is also an excellent alternative for investors who do not meet the stringent requirements and guidelines of conventional lenders.
Cogo Capital provides fast and creative financing solutions for today’s investor, making finding funding the easiest part of any real estate deal.
For more information, visit: www.cogocapital.com
In August, we had our AnnualInsider Wealth Summit in Coeur d’Alene, Idaho. As we did the year prior, we held a Charity Golf Tournament with the proceeds going to a charity of our choice. Last year, we gave a check to the Boys and Girls Club, but this year, we chose a charity many people don’t think about unless they, or someone close to them, suffers from it.
WHY WE CHOSE IT
Three years ago, we took a trip to Wyoming for Jaclyn’s niece’s graduation. In the middle of nowhere, seemingly out of nowhere, my daughter, Aundreya, suffered from a seizure that lasted over 30 minutes. She and my wife had to be life-flighted to Primary Children’s Hospital in Utah. I hardly remember the drive back to Utah, but I do remember gripping the steering wheel and praying to God that she would still be alive when I finally arrived. By God’s good grace, Aundreya was fine and the seizures were under control. However, she was diagnosed with a form of Epilepsy.
Described as the “Stealth Disease,” Epilepsy affects over 3 million Americans of all ages – which is more than Multiple Sclerosis, Cerebral Palsy, Muscular Dystrophy, and Parkinson’s Disease combined. These startling statistics, and the fact that my own daughter was diagnosed with it three years ago, are the reasons we chose to give to the Epilepsy Foundation. It is our hope that one day, they will find a cure for this very challenging disease.
With the help of the golf tournament players from Team Dean and Team Lee, along with the generous donations from some of our Insider Wealth Summit Attendees, and, with a matched donation from Cogo Capital and Secured Investment Corp, we were able to recently cut a check for $3,000 to a local chapter of the Epilepsy Foundation.
Although we’ve had some scares since then, I am happy to report that Aunreya has been seizure-free for over a year and is enjoying being a normal kindergartner and keeping up with her younger brothers.
Thanks for the contributions and prayers over the years and all your encouraging words. We have felt the love!
Lee and Jaclyn Arnold
There is something about living in the United States that always makes the worst of times seem like the best of times. For those of you reading this, who are particularly struggling right now, you may be shaking your head and resisting the urge to mark this as spam. Before you do that, though, let me say it this way. In America, even when the economy is only beginning to sputter to a start, there is still opportunity. Even when the Dow wobbles to and fro, there is money in the market. And even when the headlines shout hundreds of “NOs”, there are thousands of “Yeses” all over the place.
Here’s an example: I’m working on my computer this evening and see this crazy news story. An airline that caters only to pets just opened shop. The main cabin of the aircraft is filled with carriers for dogs and cats. Flight attendants check on the animals regularly and perhaps even offer them an in-flight meal service!!! I know, crazy right? Well, while other airlines are struggling to survive, “Pet Airways” is booked solid for the next two months.
Just imagine who came up with this brainchild and then wonder to yourself, like I did to myself, “Why in the world did I not think of it!!!”
For $250 a pop ($100 more than what it costs to fly them in the cargo hold), people are bidding their pets farewell to fly in comfort on an animals-only airline. Just when I think I’ve read everything!
The reason I bring up this story is because although the economy is off to a shaky re-start, there are people who are launching the wackiest businesses and they are actually getting customers!!! So, even though you may be feeling this economy a little bit more than the next guy or gal, just remember that people are willing to pay their money if you’re willing to put a little creativity into your product or services.
This is America, and one of the things that I love about it is its everlasting, always present possibility!
Always look for and enjoy the possibilities!
To Your Success,
President of I’m the Solution
If you’re wondering whether or not you should get in on the short sale and loan modification action, you need look no further then to what the government is strongly suggesting. With the advent of the “Making Home Affordable” enactment, the government is clearly outlining ways that banks and homeowners can stay far away from the grips of foreclosure.
The Short Sale Incentive
Under the new short sale incentive, lenders can receive a $1,000 payment from the U.S. Treasury for allowing the owner to sell the house for less than the amount owed on the mortgage and for accepting the proceeds as full repayment.
Lenders can also receive $1,000 for accepting a deed-in-lieu transaction, in which the deed is simply transferred to the lender instead of going through a costly foreclosure.
Homeowners who agree to short sales or deed-in-lieu deals can receive up to $1,500 in closing costs. To help stop second mortgages from blocking the deal, the Treasury will pay second lien holders up to $1,000 to relinquish their claims in such transactions.
The Loan Mod Incentive
Under Making Home Affordable’s new second-lien program, borrowers whose first mortgages are modified will automatically have payments reduced on their second mortgages as well, provided the first and second-mortgage lender participates in the program.
Twelve mortgage servicers currently do. Among them are large banks including, Bank of America, Wells Fargo, Countrywide, Citibank, Chase and others.
Eligible homeowners looking to modify their first mortgage must be an owner-occupant of the home; have an unpaid principal balance that is no more than $729,750; have a loan that was originated on or before January 1, 2009; have a mortgage payment (including taxes, insurance, and home owners association dues) that is more than 31 percent of their gross monthly income; and have a mortgage payment that is not affordable, perhaps because of a significant change in income or expenses.
Under the new second mortgage program, in addition to lowering the payment, lenders can also opt to erase a borrower’s second mortgage in exchange for a lump-sum payment from the government.
Although banks haven’t been perfectly aligned with the government’s suggestions, they are becoming more so with the passing months. It’s now time to capitalize on these changes.
To Your Success,
President of I’m the Solution
PREVIEW: Look for next week’s Millionaire Tip: 1st of a 3-Part series on The 9 Characteristics that Millionaires Share.