Interest Rates

Are They Serious? Fed Takes Mortgage Debt as Collateral, Bear Stearns Gets Bailout, and President Bush is Confident in the Economy!

by Joshua Dorkin | March 14, 2008

This week has been an extremely volatile one in the world of real estate and the economy. We’ve seen Gold at $1,000 an ounce, a collapsing dollar, oil skyrocketing, an much more. Of everything that has happened, probably the most shocking is what came out of the Fed this week . . .
According [...]

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Financing a Fourplex Real Estate Investment Property

by Troy Schuricht | March 13, 2008

I am asked for advice all the time about financing, and particularly financing for multi-unit investment properties. As I give advice, I outline specific goals of the individual investor and the intent of the property. The multi-unit properties I would like to address are fourplexes, triplexes, and duplexes. These multi-unit properties can be financed as [...]

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Economy

Real Estate Crisis Worsens and Takes the Rest of the Economy Down with it!

by Charles Feldman | March 12, 2008

If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at.
Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming.
But, before the depressing [...]

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Housing

The Transformation of Stated Income Loans

by Troy Schuricht | March 6, 2008

Stated income loans have been a touchy subject for many regulators trying to blame some one for the mortgage meltdown. Some individuals go as far a calling these loans “liar loans” because in a number of instance the income was inflated. Right or wrong there is a need for stated income loan. [...]

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What Can Investors Negotiate with Mortgage Loan Officers?

by Troy Schuricht | February 29, 2008

Negotiating the terms of your loan can be as important as negotiating the sales price of your new investment property. Interest rates and closing cost a huge part of cash flow and return on investment, with the proper due diligent and negotiations, investors can be rewarded on every real estate transaction.
What can actually be [...]

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Flipping Houses

10 Questions on Hard Money Loans

by Troy Schuricht | February 21, 2008

What is the process for Hard Money Loans?
Hard Money Loans provide Investors access to capital to purchase investment properties. They can fund quickly, typically within 72 hours of receiving the final docs from the Title Company. Hard Money is available for adequately collateralized loans on single-family residential houses and other Real Property including commercial projects. [...]

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Investors, Say Hello to Fannie & Freddie

by Troy Schuricht | February 14, 2008

Fannie Mae & Freddie Mac Mortgages
Nearly every Bank, Credit Union, Mortgage Banker and Mortgage Broker can offer the loan products backed by the federal charted companies Fannie Mae and Freddie Mac. Investors that have good credit, can document income and are ready to put money down can acquire a loan from either Freddie [...]

How investors can take advantage of the Feds rate reduction!

by Troy Schuricht | February 7, 2008

While the Fed Funds Rate reduction does not directly affect mortgage rates it does have an impact on the interest rates investors utilize. When we read in the paper about how the Fed has slashed interest rates, the rate that has been cut is the lending rate between banks and other depository institutions. As the [...]

Economy

Why Interest Rate Drops May NOT Be a Good Thing

by Joshua Dorkin | January 21, 2008

In a recent post on our forums, one of our members noted that she was hoping for a major drop in interest rates from the Federal Reserve. Richard Warren, one of our resident bloggers and real estate geniuses had a great bit of insight on the situation that I thought merited sharing:
Don’t be so [...]

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Housing

The Federal Reserve Has A Movement

by Charles Feldman | December 19, 2007

The Fed Moved! Freaking amazing when you think about it. The first few words to appear in the first paragraph of an updated New York Times posting are :” The Federal Reserve moved…”
Now this may seem like a fairly benign statement until you consider this: Had the Federal Reserve moved say, six or seven [...]

Fed Takes Huge Step to Stop Bleeding – Announces Major Rate Cut

by Joshua Dorkin | September 18, 2007

The Fed just announced that it would be cutting the federal funds rate by 1/2 point to 4.75 percent. This is the first reduction in four years and will affect everything from credit cards to adjustable rate mortgages.
Clearly this major cut is indicative of how bad the Fed thinks the economy is. [...]

Nation’s Largest Lender to Slash 12,000 Jobs

by Joshua Dorkin | September 7, 2007

The nation’s largest lender, Countrywide, tonight announced that in an effort to cut costs and essentially save the company, it would be cutting 12,000 jobs.
The cuts, amounting to as much as 20 percent of its work force, are needed because the company expects new mortgages to fall about 25 percent in 2008 from this [...]

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Fed Chairman Ben Bernanke to Abandon Lenders and Investors

by Joshua Dorkin | September 6, 2007

The President and others in office continue to tell us how well our economy is doing. Lets take a look at some of the latest news to see how things are

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