Private Lending for Real Estate Investments
How do you purchase a note? Notes are for sale for various reasons just like properties are for sale for various reasons. The lender wants to “cash out”. To receive cash the seller of the note will need to sell the note at a discount to make it appealing to a note buyer.
Read MoreThe book, “Rich Dad, Poor Dad” by Robert Kiyosaki was first published in 1997, the year I graduated from college. I am not a big book reader and I forget who recommended the book to me. However, it instantly caught my attention and I immersed myself into every page and read it rather fast. I then read his others books or listened to them (on cassette tapes). If you have any interest in starting a business or how to get out of the “rat race”, I highly recommend his books.
Read MoreIn residential real estate investing one of the biggest factors on finding a good deal is determining the value of the property. If you plan to do renovations, repairs, additions, or new construction you want to figure the ARV (After Repaired Value). Getting that number correct will be the difference between a bad or ok deal to a good or great deal.
Read MoreDo you remember in the early 90’s when the “For Dummies” book first came out? In the bookstore, you first saw a few titles dealing with computers (the first book was “DOS for Dummies” in 1991) and then there were numerous titles of those thick yellow and black paperbacks taking up an entire section. I wish I would have picked up “Accounting for Dummies”.
Read MoreIf you are a real estate investor you have probably been asked this question. If you are wanting to be a real estate investor you are probably wanting to ask this question in one form or another. Some ask “do I need to have a real estate license to invest?” Well, the answer is no. However, there are pros and cons of having a real estate license
Read MoreOne of the biggest questions I was asked when I first started to rehab homes from people was, "Do you do the work yourself?" I am not sure why that was such a popular question. Maybe they watched Bob Villa or HGTV. My answer was "No, I am not handy and it would take me way too long." However, for the first few renovations, I did do some of the work and the reason was three-fold.
Read MoreLater in the seminar, Robyn gave us some advice that changed my business forever. She said, "stop doing minimum wage activities". She also made a great point about hiring someone. She said, "even if they do the job 80% as well as you would have done, that still frees up your time to do something else".
Read MoreIn these current times banks, mortgage companies, their underwriters, processors, and appraisers are all overwhelmed. Covid-19 has not slowed down real estate sales or rentals in markets such as Nashville, Chattanooga, Clarksville, Huntsville and many other cities in the southeast.
Read MoreIt has been said, “the deal is never done until you get the check”. By following these tips you should get your check more often and quicker than other investors.
Read MoreWhat are your goals?
What part of real estate investing interests you?
Does your personality or background favor a type of real estate like construction management, financing, or acquisitions?
Are you looking for cash flow, appreciation, a quick small profit, or a large profit in a few months?
Do you prefer Residential, Commercial, Multi-family, Development?
Read MoreGoing through the refinance process yourself you will learn which type of loan is best for your situation. The goal once you have a written lease with a tenant is to refinance quickly with good terms so you can recoup your original cash invested to find another deal and create wealth through rental properties.
Read MoreA construction or rehab loan is a type of bridge loan with construction funds available for future draws dependent on progress of the project.
Read MoreFrom where did the term “hard money” derive?
Read MoreYou have budgeted the costs to improve the home to sell for top dollar. Also, the home is vacant and not full of “stuff”. Here are 4 helpful tips to sell your home or rent your home quickly.
Read MoreEveryone knows the saying “….Time is Money” famously quoted by Benjamin Franklin. In real estate investing that is especially true. The quicker you can do a rehab on a home, find a tenant, or sell a property, the lower your holding costs. Typical holding costs are property taxes, insurance, loan interest and utilities. Hard money loans do have higher rates than traditional loans so here are some tips to save on your holding costs to maximize your net profit.
Read MoreWhen an investor contacts us typically the first question is "what is your interest rate"? However, you need to dig and ask more so when you arrive at the closing you are not surprised as you sign the papers to buy your next deal. Here are some questions to help you decide to choose the right hard money lender for you.
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