Last week, we looked at the initial process of filling out a Uniform Residential Loan Application or what people in the business call the “ten-o-three” (Fannie Mae Form 1003). Today,…
Looking to get a loan approved for a piece of real estate? Then get insider tips from an ex-banker on what exactly banks are looking for when evaluating your mortgage…
I have 11 rental properties, and I compete 10-15 fix and flips a year. I finance almost everything through my local portfolio lender, and there is no way I could…
Last week I wrote an article talking about finding investor-friendly real estate agents (actually, I was really questioning whether they even exist or not… see The Epic Guide to Finding…
On the forum I see occasional people ask about the pros and cons of getting an adjustable rate mortgage (ARM) on a rental property. Most people who respond in the…
So, you are self-employed and need a loan on some real estate. What exactly do you need? As a bank underwriter, I underwrite a lot of these kind of loans,…
“Great spirits have always encountered violent opposition from mediocre minds.” – Albert Einstein One of the perceived barriers to entry into the commercial real estate arena is the lack…
Let me start off by saying that I’ve had my fair share of failures when it comes to obtaining bank financing—I get turned down every year for a loan. But,…
Unless you are sitting on a pile of cash, the purchase of your buy and hold properties are going to have to be financed through some type of loan. The…
Let’s face it; investing in junior liens can be risky. Even the market place trades 2nd mortgages and other junior liens at some pretty steep discounts, especially when they’re delinquent.…
Do you really know the differences between an FHA vs. conventional loan?
Chances are, if you are fixing and flipping properties on the retail market today, you have sold properties to FHA buyers. Interestingly, almost 25% of all purchase loans last quarter…
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…
