How to Refinance, Rehab Vacant Multi-Family Property
Thursday, August 22
I have a client right now who I am helping to get financing to re-finance a six unit property that needs extensive work at 0% occupancy. Step #1 We calculated the pay off amount. Step #3 We estimated the rehab costs based on a contractor inspection and analysis Step #4 Based upon Realtor comps on...
9 Steps to Vetting a Private Money Lender Before its TOO Late
Wednesday, August 21
So how exactly do you vet Private Money Lenders when “Private” is their First name?? Let’s be clear, I’m not talking about Hard Money Lenders who are somewhat regulated by your state or local real estate boards. Instead I’m talking about the shadowy figures who plead they are a group of private w...
6 Steps to Smartly Buying Out-of-State Investment Property
Tuesday, August 13
Outgrown your local real estate market or looking to get bigger cash flow and appreciation in other markets than your own? The road to multi-city or multi-state ownership can be filled with its own set of challenges but if done smartly can yield you vast rewards. First, lets discuss the the motiv...
8 Advantages of Non-QM Loans/Lenders -Vs- Conventional Mortgages
Friday, August 09
For those who are capped and constrained by all of the Conventional Fannie Mae/Freddie Mac rules on investment real estate lending, you should give the Non-QM (Non-Qualified Mortgage) world a try. I've detailed below both the advantages and disadvantages of Non-QM loans/lenders. Please let me kno...