Financing Real Estate

If You Can’t Find Real Estate Financing, Find a Partner.

by Ken Corsini | September 21, 2011

With lender guidelines continually tightening, investor financing has become more difficult than ever to obtain. Investors that I worked with even a year ago to acquire investment properties with conventional financing are having trouble getting approved for a loan in the current lending environment. Whether it’s a borrowers borderline debt to income ratio, credit score, [...]

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Financing Real Estate

5 Things Private Money Lenders Want to Know Before Investing With You!

by Spencer Cullor | September 6, 2011

If you’ve been investing in real estate for a while, chances are you have considered using private money lenders (investors) to grow your business. Most people fail when reaching out to potential investors because they don’t answer the five critical questions that every private lender must have answered before investing with you (even if they [...]

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Financing Real Estate

HVCC Regulations & What’s the Deal with Appraisals?

by Ken Corsini | June 8, 2011

Google the phrase “HVCC Nightmare” and you’ll return over a hundred web pages discussing the horrible legislation passed in April 2009 governing how appraisals are to be conducted in the mortgage business. For those who aren’t familiar with this legislation and how it impacts the lending process, here’s a quick overview: Appraisers can no longer [...]

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Credit

STOP! Don’t Cut Up Your Credit Cards if You Care About Your Credit

by Andrew C. MacDonald | April 18, 2011

Before you cut up your credit cards in an attempt to curb spending, or purge old accounts, stop and consider the consequences. It seems rational to close off old credit card and retail accounts that you no longer use, but it may end up hurting your credit score. When it comes to getting a mortgage, [...]

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Financing Real Estate

5 Solutions to the Most Common Mistakes When Raising Private Money

by Ryan Moeller | March 5, 2011

Raising money from strangers is not so simple, especially when you have to deal with SEC guidelines and a real estate market that has brought about countless negative media headlines. Despite the negative headlines, the real estate market is ripe with incredible deals – deals so good we will be talking about them for decades. Raising [...]

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Financing Real Estate

The Hard Money Loan Funding Process: A Guide for Rehabbers

by Joshua Dorkin | December 2, 2010

You spot a house that you would like to rehab or flip and decide make an offer. You plan on financing through a hard money lender, but haven’t yet done this kind of deal, and wonder what happens after you’ve got the house under contract. Here’s a brief look at the process: All hard money [...]

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Financing Real Estate

Working with Private Money Lenders: Possible Loan Term Options

by Shae Bynes | November 25, 2010

Earlier this week, my husband and I refinanced one of our rental properties working with a private money lender. It was the simplest transaction ever. Our private money lender is thrilled because she’s getting a fantastic return on her investment (using her self-directed IRA funds) and we’re happy because not only is she happy, but [...]

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Financing Real Estate

Buying Properties For Cash Can Be BIG Mistake – A Hugely Expensive Mistake

by Jeff Brown | October 12, 2010

One of my favorite conversations is with real estate investors sportin’ lots of capital who insist on paying cash for investment properties. They’re almost universally flabbergasted when I tell them they can do better in today’s environment by using a bit of leverage. When they ask me to prove it, I begin by asking them [...]

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Financing Real Estate

Charming the Den of Snakes – Where Have the Honest Financial Products Gone?

by Bryan Hancock | October 5, 2010

It seems that the recent financial meltdown and lack of financing has invigorated hucksters and those pushing “new” financial products. I have seen a spate of posts about supposedly innovative financial products for simplistic funding needs. Fully 40% of every dollar of profit in our country was made on financial products at the height of [...]

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Financing Real Estate

How Does Your Bank Define “Performing Loan”?

by Clint Coons | September 8, 2010

This week I met with one of my commercial lenders, whom I will refer to as Barry, for lunch. Barry thought I might be interested in some of the business banking options his bank could offer my law firm. Essentially, Barry was prospecting for additional banking business. The services and fees he offered sounded very [...]

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Commercial Real Estate

Real Estate Syndication: 3 Ways You Can Profit

by Khary Reynolds | August 30, 2010

As a real estate investor it is critical that you have access to readily available capital in order to capitalize on the numerous opportunities that are present in today’s market. One way to do this is by acquiring properties through syndication. Real Estate Syndication is simply the pooling of funds from numerous investors and channeling [...]

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Financing Real Estate

Self-directed IRAs: A Great Way To Retire via Real Estate Investing

by Shae Bynes | July 15, 2010

As my husband and I began focusing on finding private money lenders to fund our rental property acquisitions and speaking with these potential lenders about the benefits of using IRA funds, it became evident that this was something we’d want to do personally as part of our own retirement planning. Not only does it allow [...]

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Financing Real Estate

Why Lease Options Rule!!

by Ryan Moeller | June 23, 2010

Lease options, or the concept of rent to own, simply refers to a rental agreement with an option to purchase at a future date. With bank financing tight, not all potential homeowners can secure a loan and fulfill their dream of owning a home. Many people absolutely love lease options as it is a perfect [...]

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Financing Real Estate

Get Private Money on the Internet

by Adam Davis | June 12, 2010

In my real estate investing business, raising capital is the most important function, right next to marketing. In fact, I think if you had to break down the two most important functions of an entrepreneur, they would be: 1. Marketing 2. Raising capital For some businesses, each of these may rotate #1, #2 or perhaps [...]

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Financing Real Estate

A Proven Way to Get Private Money for your Real Estate Deals

by Adam Davis | May 29, 2010

Ready for a shocker? “If you want to get private money, you must think raising it as a marketing process instead of a financing process.” I always get funny looks from people when I say this; like I told them a unicorn was grazing on their front lawn or something. Here’s what I mean… Basically, [...]

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