Financing and Capital

HUD Proposes Seller Financing Rules

Thumbnail image for HUD Proposes Seller Financing Rules

Elimination of Owner Carry Mortgages Disastrous Attention all real estate investors!  HUD is proposing to eliminate ALL seller financing with two lame exceptions: Seller lives in the home, or Seller becomes a licensed mortgage originator Passed last year, the federal SAFE mortgage act passed last year preserved the right for sellers to make up to five [...]

Share
Read the full article →

How to Get Fast Mortgage Approval and Best Rate

Thumbnail image for How to Get Fast Mortgage Approval and Best Rate

FHA Mortgage Broker and Banker Lender Time Frame This scenario has happened often enough in our office recently that it has become newsworthy and worth sharing with other real estate agents, buyers and investors:  Our buyer clients are getting a competitive advantage in the 1st time home buyer and investment property markets because of a [...]

Share
Read the full article →

Top 5 Questions about IRA Real Estate Investing

Thumbnail image for Top 5 Questions about IRA Real Estate Investing

Self Directed, IRA Loans, Property Types, Investment Groups In 2009 we have had a lot more requests and questions from clients about using IRA funds to purchase investment real estate for fix and flip projects and rental properties.  So I thought I would post an FAQ with answers.  Here are the Top 5 Questions from [...]

Share
Read the full article →

10 Ways to Fund Real Estate Deals

Thumbnail image for 10 Ways to Fund Real Estate Deals

Bank Loans, Private Hard Money, IRA Funds, Syndication Following are 10 most common ways to finance investment property for either a fix and flip project or long -term rental.  They are listed in rough order of complexity and experience necessary. Mortgage Bank Loan Local Bank Loan Hard Money Loan IRA or 401K Funds IRA Funds [...]

Share
Read the full article →

Prepare for Lender Meetings Like a Pro

Keep Updated Personal Financial Statements The best preparation for meeting with a lender – especially a private or hard money lender – is to have your “docs in a row.” When I work with a new client that does not have a current personal financial statement, our first step is to get their complete financial [...]

Share
Read the full article →

2 Minute Cap Rate Valuation

As the “apartment guy” in our real estate office,  I field a lot of questions about income properties from residential agents.  The most common question is “how do I value this building?”  The agents are all very accomplished at running values using comparable sales for single family houses, and even duplexes.  But when the valuation [...]

Share
Read the full article →

IRA Non-Recourse Loans for Real Estate

Due to increasing requests about using IRA funds to purchase investment real estate, our team has created new preferred relationships for clients that streamline this process.  We now offer programs for direct IRA purchases of turn-key rental properties without or with leverage up to 65% non-recourse loans.  We can also organize purchases for LLC’s that [...]

Share
Read the full article →

Using an “Acquisition Criteria” to Qualify Investors

One of the ways that I evaluate the level of sophistication of fellow real estate investors, and potential clients, is the answer to this question:  “What is your acquisition criteria?”   More often than not, the answer is “I just want a good deal,”  which is usually a sign of a novice investor.  Experienced investors know [...]

Share
Read the full article →