How To-Secure Funding For Investment Properties-Part 2-Send The Number
Tuesday, March 07
Now that you have found the deal that you have researched, you are ready to send the numbers to your lender. A good hard money lender will be local to your market and should only need a few numbers to judge the strength of the deal. If your lender is asking for more than these numbers, you are ...
How To - Secure Funding For Investment Properties - Part 1 - Get A Dea
Monday, March 06
Almost all topics in a 'How To' for an investment property will start with 'Step 1 - Find A Deal'. The same is true for funding a project. As a hard money lender, my job is to underwrite the asset being presented. This is the step where 90% of the funding dies. Most people don't actually have...
How To-Wholesale A Property-Part 4-Prepare For Closing And Summary
Thursday, March 02
You have done everything right in finding a property, putting it under contract and now getting an assignment contract signed. Time to go to closing with this. This is not the time to take your hands off the wheel. Closing on properties that have a lot of issues is an art form. You will want ...
How To - Assign A Contract - Part 3 - Find A Buyer
Wednesday, March 01
Now that your marketing is in full swing and you have located and put under contract several good investment deals for assignment, you have to find your end buyers to assign to. The end buyers are best when they are cash buyers that buy quickly. If you are good at assigning deals, you will prob...
How To - Wholesale A Deal - Part 2 - Sign A Contract
Tuesday, February 28
Now that your marketing campaign is kicking in and the phone is ringing, you have to turn that money you are spending into profit. In order to do this, you are filtering seller leads and scheduling appointments to analyze a property and decide if you want to buy it. When your exit strategy is t...
How To - Wholesale A Property - Part 1 - Find A Deal
Monday, February 27
When looking to assign a contract you will want to make sure you have a deal. This is a pretty obvious statement. In order to find a deal you will want to have multiple lead sources that provide off market deals. Some good areas to look for deals would be mailing campaigns, internet leads, doo...