Financing Real Estate

Using Transactional Funding in Your Real Estate Wholesaling Business

by Stephani Davis | May 27, 2010

In a perfect world, all real estate wholesale transactions would be completed by simply putting a property under contract, and then assigning that contract to an end buyer via an assignment agreement. While this is the quickest and easiest way to wholesale a piece of property, unfortunately, it is not always possible to accomplish. When [...]

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Financing Real Estate

How to Handle the Biggest Private Money Objection You’ll Ever Face with 99.9% Success

by Adam Davis | April 10, 2010

If you’re at all serious about raising private money to buy real estate, this will be a very important message. Here’s why: the road to private money is paved with objections. That’s right – the better you can handle objections the more successful in getting private money you will be. [special note: this post is [...]

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Financing Real Estate

Mobile Home Financing: A Primer

by John Fedro | April 9, 2010

Securing traditional financing for mobile homes and manufactured homes can sometimes seem difficult, especially in our current economical market. Whether the mobile home is new to you or being refinanced, lenders typically have stricter underwriting guidelines than more traditional site build homes. Building codes changed in late 2005 after the severe hurricane season experienced in [...]

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Financing Real Estate

How Spanish Explorers From 1519 Can Help You in Raising Private Money

by Adam Davis | April 3, 2010

Back in the early 1500’s, Spanish Conquistador Hernando Cortes set out to land in Mexico. His plan was to take over the Aztecs. Before landing, a good idea came upon him: burn his ships. What? Why would someone burn their only form of transportation? Cortes burned his ships because then his men would have no [...]

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Financing Real Estate

Here’s an Answer to a Major Burning Question When Dealing with Private Investors

by Adam Davis | March 13, 2010

Remember those 1980′s workout tapes? There would be a guy or girl on with leg warmers, Spandex, huge hair that would catch fire if it got close to something hot, a perma-smile and they were always encouraging you to “feel the burn!” (not that I ever worked out any of those tapes…) Often in a [...]

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Financing Real Estate

What’s ‘Good’ Leverage? Maybe Not What You Thought

by Jeff Brown | March 2, 2010

“So, tell me about that deal you were talkin’ about last weekend. How’d it go?” “Man, got some incredible leverage — just 10% down, owner carried a monster second, and get this — the interest is just 6%. No credit check, not nothin’. It closed Friday, and I’m jazzed.” “Geez, sounds good, but with so [...]

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Financing Real Estate

How to Haul in a Bigger Private Money ‘Catch’

by Adam Davis | February 27, 2010

Everybody needs a vacation right? A sabbatical. Time to get away. Let’s say you decide to go fishing. It’s fun, relaxing, outdoors — fresh air — Good. But you want to go somewhere new, somewhere exciting – you want to catch some fish! So, you look around at a map, throw a dart at a [...]

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Financing Real Estate

IRA Lending Offers Residential Real Estate As Suitable Asset Class

by Brian Brady | February 19, 2010

Q: What’s the problem with residential real estate as a growth asset? A: It grows slowly. Q: How might an investor enhance that return? A: Leverage. Owner-occupied real estate has long been considered a “good investment” for the “average Joe” because it has enjoyed a supply/demand imbalance since World War II. Applying leverage to that [...]

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Financing Real Estate

FHA Guidelines Scheduled to Change this Spring and Summer

by Winston Westbrook | February 15, 2010

The Federal Housing Administration more commonly known as FHA has recently announced major changes to their program to ensure long-term financial soundness. If you are involved in the retail side of real estate you need to listen up. If not, then listen anyways. You might learn something. The FHA’s main objective is to help serve [...]

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Financing Real Estate

Two Magic Words to Cash in on Foreclosures: Private Money

by Adam Davis | February 13, 2010

The cat has been out of the bag for some time now. Surprise – we’re in the midst of what many experts call a “foreclosure crisis.” (thanks talking media heads). It’s as if some people are just waking up to the fact that the house down the street from them just sold at auction. For [...]

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Financing Real Estate

If You Can’t Make it in Real Estate Without Money, You Can’t Make it With Money

by Ryan Moeller | January 5, 2010

To get conventional financing as an investor, many deals require a large down payment. Hard money lenders even require substantial down payments. Financing is a difficult challenge for many investors. So how do we do real estate deals? Real estate is an ‘Other People’s Money’ business, plain and simple. You do not need your own [...]

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Financing Real Estate

5 Ways to Start with No Money and No Credit?

by Ryan Moeller | December 15, 2009

One of the Myth’s of real estate is that you have to have money. This is flat out not true, you can absolutely do deals with no money and credit. There are a few precautions I want to mention, especially for beginners before explaining how to do deals with no money and no credit. Having [...]

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Financing Real Estate

Have the Credit Markets Dried Up Completely? That Depends Upon Where You Are Looking!

by Peter Giardini | November 25, 2009

Back in October of this year a BiggerPockets regular, Rich Weese, posted a web site that provided a graded scale of the overall health of every bank in the nation. While his post did not get a lot of response, the Bank Tracker Web site must be visited by everyone who is currently or hopes [...]

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Financing Real Estate

The Interest-Only Loan “Extend and Pretend” Strategy

by Florence Foote | November 10, 2009

One of the worst kinds of sub-prime loans was the infamous “pick-a-pay” (Payment Option ARM) under which borrowers had the choice of how much payment to make each month, with the lowest options being negatively amortized, i.e., reducing the equity in a property every month. These loans took the concept of house-as-piggy-bank to another level [...]

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Financing Real Estate

Is Fannie Mae Killing the Golden Goose?

by Florence Foote | November 3, 2009

One study of mortgages during the Great Depression found that almost half of urban, owner-occupied homes (on which there was a mortgage) were in default by 1934. The government’s answer was to sponsor the creation of Fannie Mae in 1938 (or as it is really called, the Federal National Mortgage Association), which was, and still [...]

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