BiggerPockets

Non recourse loans

Monday, May 24

do you know that you can use your ira's and marry investment properties with it so you can finance the purchse of investment properties with your current ira?

Rates are 5-7 percent at 70 percent loan to value

These are non recourse loans and your ira owns the property, The monies you earn are tax deferred 

credit market

Sunday, May 23

We all go out and look for me. As a mortgage banker I am always looking for different funding sources and what are their requirements? A real estate investor is alway looking for cheap money under the terms they want.

The problem as I see it from my seat, is clients come in and tell me information, many times in writing, that is not so or they can not prove it. These borrowers still think that tey are borrowing money like they did three years ago.

 Those days are over with folks. When you tell a lender something you need to be able to prove it. Use some common sense. I lend hard money and people still do not understand that every lender wants you to have real money in the deal. There is no more playing with mirrors in the world of borrowing

changing of financial products

Thursday, May 20

Remember when someone could walk into a bank and get a blanket loan done over several houses into a commercial loan, or that apartment building that needed some work on it? Those days are gone unless you have that special relationship with your bank.

In fact I think most type of individual borrowing is hard unless you have a relationship with your bank.   

That is why provate lending is becoming more important today even with the people who have great credit and a good project. Private money does not have to answer to regulators and their boss unles it is their spouse. Yes they do charge more interest and there are some point involved but when you want to get a deal done and the bank says no, private lenders is always a option

hard money loans

Saturday, May 15

How do you know if a hard money lender or broker is for real? Most of them want high upfront fees.

The hard money lenders we work with do not want any upfront fees and will not allow brokers to charge upfront fees. This is a way to grade a lender.

bridge financing

Tuesday, May 11

What should someone do when they have a note due or the note is past due and they have no money? Do you ever feel like I have a deal put together but just need some short term cash?

Bridge financing may be your answer to your problems? 65% loan to value, no credir checks, a one year note with one renewal. Wea re here to help 

money for rehabs

Monday, May 10

What does a person do when they can buy houses below market value, put a little bit of money inot them and they already have them sold when the house is completed? Where does the capital come from?

I can help, we are currently funding loans as a capital partner whihc will allow you to do this