Attract private lenders: understand the three Cs.
Saturday, February 10
As a private lender, I am often asked: ‘what are your terms?’, and the response is always: ‘it depends on the deal and the borrower’. So, what do private lenders look for? They typically look at the ‘three Cs’: character, competence and collateral. The three ‘Cs’ is a general concept for all type...
TIPS FOR INVESTORS LOOKING FOR PRIVATE MONEY LENDERS
Monday, February 05
As an experienced investor myself in the Houston area, I have met and dealt with my fair share of private lenders and had good relationships with quite a few. As I recently became a lender myself and looking to grow that portion of my business, I am a bit surprised by the way some borrowers inter...
How can foreigners finance real estate investments in the USA?
Tuesday, February 14
With the increase in banking regulation in the past few years, it has become very difficult for foreign investors to obtain long term financing in the US. Most banks will not lend to them, simply because a foreign buyer cannot ‘fit in the box’ that banking regulations and government sponsored age...
How did the November 8th election affect our local Houston market?
Saturday, December 17
There is a knee jerk reaction of less buying activities before presidential elections.It was clearly felt in September and October. Hence there was a surge in home sales in November as documented in the Houston association of realtors monthly press release:http://www.har.com/content/mls/In my bus...
How to market higher end properties?
Saturday, December 17
The market for higher end properties is rebalancing at the moment. The inventory for house selling for more than 500k is growing and has shifted from a seller’s market to a more balanced market.At COZYHOMES, we have recently undertaken a high-end flip project close to $1M. Here are three techniq...
Is Fall and Winter a good time to be buying or selling real estate?
Sunday, October 23
I have been asked this question several times this week, hence I thought I would address it in my blog.Yes, there is less selling activity during Fall and Winter but what does this really mean?Let’s first look at some numbers compiled by the Texas Real Estate center at Texas A&M:https://www.r...