Key lesson I've learned after reviewing over 1,000 credit reports
Tuesday, January 21
As a lender, I have easily reviewed over 1,000 credit reports and can tell you that there is one common theme ALL long term and short term investors need to recognize. Taking basic steps to protect your credit score and reduce your DTI ratio (debt-to-income ratio) is imperative if you intend to ...
5 Reasons to choose a 12 month loan
Tuesday, November 27
Six Vs. Twelve Month Term loans The term length of your hard money loan could be costing you thousands of dollars more than you need to be paying. Recently, several new investors have asked us how long are term lengths are. Our standard loans last for a 12 month term. We can even help our cli...
Why you should consider HUD foreclosures over traditional auctions
Wednesday, August 01
As Real Estate Investors across Texas prepare for Tuesday's foreclosure and tax lien auctions, many investors are finding better deals outside of the "Texas Tuesday" sales. The best source of REO properties that I have found is buying foreclosures straight from the Department of Housing and Urban...
The Importance of Knowing Your Cost of Capital
Monday, June 12
Recently, a client introduced me to a friend of theirs who is actively flipping 3-5 properties a month. We walked a property together, and she asked what our rate would be for a loan to purchase and rehab the property. I told her our rate was 10% and 2 points. She said it was more expensive than ...
Using Leverage to Increase Your ROI
Tuesday, April 26
In the business of lending to professional real estate investors, we are often told by an investor that they aren't interested in our loan products because they are a 'cash-buyer.' This is how I used to think too. When I started in real estate investing, I used a small amount of money, bought my ...