hard money
Wednesday, April 28
Having a tough time explaininng to old school people where their numbers on the businesses have sliped so bad due to lack of capital that they only qualifty for hard money. Have a client who owns a property that four years ago was valued at $500,000 but his sales were 6 million a year. Today his ...
rates and terms
Wednesday, April 28
For investors of mobile homes rates are 8 percent and above. depending in the credit and age of the home up to 15 years for a term. Look at the cash flow on a rental mobile home that you purchase for 10-15,000 instead of a invesntment property that you have 50,000 invedted in
credit in today's world
Wednesday, April 28
After loaning money for over thirty years I thought I would input my opinion of cedit for the real estate investor in today's world. The biggest thing that investors need to understatnd is just a few items. 1) You got to have skin in the game. No more playing with mirrors. Real deals and real cre...
Mobile home financing
Tuesday, April 27
With the currect credit problems somethings it is hard to figure out why you cannot finance the fifth property at your local bank bit can finance 10 mobile homes with out problems. Why is that so? The mobile homes are in title and not rela estate. rates start at 8 percent for 15 years dependin...