Released on = March 9, 2007, 8:59 am

Press Release Author = ProMedia Strategies, LLC

Industry = Real Estate

Press Release Summary = Noted real estate investor Alan Cowgill explains to new
investors what to watch out for when seeking funds from traditional lenders.

Press Release Body = SPRINGFIELD, OH - Real estate investors need to look carefully
at the ramifications of using certain sources for their money to make certain they
remain in control of their business.

That's the bottom line in a recent article by Alan Cowgill, a nationally known
author and real estate investment trainer. Cowgill is a strong proponent of using
private lenders to avoid some of the pitfalls of more traditional lenders.

Cowgill said he sees banks as particularly difficult for investors to work with.
"Let's face it, some of us buy some really nasty stuff," he said. "We buy trash and
rehab it and turn it into cash. Banks don't understand that."

In the article, Cowgill listed a number of downsides he had found working with
banks. Just to mention a few, he noted that if an investor quits his or her job,
banks won't loan money, there are mountains of paperwork, the property has to
pre-qualify, closing the deal can take a long time, and the loan will wind up on the
investor's credit report.

When it comes to hard money lenders, Cowgill noted that they are expensive, some
lenders require a down payment, and there is only one exit strategy-to sell for
cash. Lines of credit require monthly payments, the dollars are limited, and the
loans can be called back, cutting the investor off from his or her source of funds.
All three of those options also keep the investor from being in control, Cowgill
said.

Downsides from a fourth option-using an investor's own money or credit cards-include
the high interest rates on unpaid credit card balances and the possibility that the
total dollars available may be very limited.

"I can build strong relationships with private lenders and avoid all those
downsides," Cowgill said. "These relationships are built on trust. With private
money, I buy what I want. Today, I am the approval committee." He urged investors
to cultivate private lenders to make sure they are in charge of their own investment
strategies.

Alan Cowgill is a speaker, author, and real estate entrepreneur. He is president of
Private Lending Made Easy and the founder of Integrity Home Buyers, Inc., a real
estate investment company in Springfield, Ohio. His blog appears regularly at
www.privatelendingmadeeasy.com.
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Web Site = http://www.lendingmadeeasy.com

Contact Details = Contact:
Alan Cowgill, President
Telephone: 1-866-831-3540
Email: mkt@integrityhomebuyers.com