Cash Vs Hard Money Prequal Letter To Bank
Tuesday, August 16
A prequal letter to a bank is a letter that states a borrower has been qualified for a loan by a bank or private money source. A prequal letter from a hard money lender should have the same impact as cash would have in relation to a seller deciding on an offer. What I mean by this is that a buy...
12% Vs 14% Private Money - Flipper Funding Explained
Monday, August 15
Very frequently people are searching for private funds to flip properties but focus on the wrong aspects of the money. With short term money, there is very little difference to the borrower between a couple of points. When looking for private money to fund your flips, your primary concern with ...
Refinance With A Hard Money Lender To Leverage Your Money
Friday, August 12
I am frequently asked by new clients if they can refinance their property with us. The answer is not a blanket one. There are a few possibilities to consider and one to rule out. We don't deal with primary residence or owner occupied properties because they would not be considered investments or ...
The Easy Way To Gain Knowledge From Experienced Investors
Thursday, August 11
It is really hard in the real estate investing business when you are just getting started. You read some books, maybe take a class or two and feel you grasp the concepts. You feel stuck in a place where you think you know how things work, but you don't quite have the confidence or true logistic...
To LLC Or Not To LLC In Real Estate
Wednesday, August 10
The honest answer is I am not an attorney or accountant and I do not know. What I do know is that I have seen thousands of investors buy properties to either fix/flip or buy/hold and many of them do it differently. From my experience and only my experience, most of the legal liability that I ha...
Joint Venture Financing For Real Estate
Tuesday, August 09
Investors always like the idea of having no money into a transaction. Who doesn't? Before 2008 programs that allowed 'no money down' existed and were quite easy to find. After 2008, it was almost impossible to find financing that didn't require some skin in the game. The lenders that survived...