Hard Money Bankers - Inside The Mind Of Your Lender - The 4 C's
Friday, March 25
I wanted to give you a peak behind the curtain into what an underwriter is looking at when evaluating your deal that you trying to get funding for. There are 4 basic categories that begin with a 'C'. These 4 areas govern the big picture of what the underwriter wants to know about you and your p...
Hard Money Bankers - Flipping A House - Not Like TV
Thursday, March 24
When the market is hot, there seem to be more and more shows that pop up about real estate. They certainly make it look easy on TV. I don't want to discourage anyone from flipping, but it is important that TV and the entertainment world don't confuse people into thinking the process is easy and...
Hard Money Bankers - Wholesaling and Assignments Explained
Wednesday, March 23
Wholesaling is a funny thing in real estate investing. Some people learn about it before they know anything else and others have been in the business a very long time and don't know anything about it. I thought I would give a simple explanation as to what it is. Wholesaling is more commonly do...
Hard Money Bankers - $5,000 In Work Doesn't Exist When Flipping
Tuesday, March 22
I receive a lead every now and then where a potential borrower tells me that a property being sold at 30 cents on the dollar only needs $5,000 to bring it up to full blown renovation value. I can tell you that without seeing the house, you will need a lot more than $5,000 to renovate the propert...
Hard Money Bankers - How Do You Foresee Your REI Career
Monday, March 21
It’s very important to make sure you know what you want out of your real estate business and career. Some real estate investors prefer to do a small amount of very profitable transactions while others want to grow a large real estate company. There is not a right or wrong preference, but you do n...
Hard Money Bankers - Know How To Comp
Friday, March 18
Knowing how to comp a property is the most valuable skill in real estate investing. There is not a close second place to that. Everything falls next to this ability because if you do not know how to comp, you are gambling and not investing. Know the difference as it is very important to protec...