Everyone knows “that guy” or “that girl” or “that couple” who seem to be floating on Cloud 9 due to their success in real estate. If only you had the money they did to get started, right? Wrong! Ok, sure there are those that were born into money and were able to fund their own [...]
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If you’re new to real estate investing or just interested in exploring alternative funding options, you will need to make sure you are knowledgable in the terminology associated with the mortgage process in general, in addition to private money specifics. - Property Types You should understand the differences in them before entering the real estate business [...]
PART 2 - Essential steps to take into consideration prior to diving into a new flip: Find a Realtor.The benefits of a realtor are numerous, especially since the seller is paying their fees. They can help you find great homes, check the comparable homes in your area, write your offers, and handle the legal paperwork [...]
So, you’ve decided you want to start flipping houses. Great! I mean, DIY and HGTV have tons of shows about flipping houses, right? You’ve got this. There’s just one thing… Where do you start? Do you fully understand the significance of all the decisions to make before you even get to the flipping part? When [...]
You convince yourself you’re just going to look at the house. You’re not going to fall in love with it, you’ll just go look, that’s all. But, as soon as you walk through the front door, you know. It’s perfect. It’s screaming your name and “just looking” is no longer an option on the table. [...]
In a fun article about a real estate investor’s awesome deal he made for $1, Brandon Turner describes his process using the BRRRR method; such a good read if you’re interested, How I Bought a Fixer-Upper Fourplex for $1 Down: A BRRRR Case Study. BRRRR is an acronym for Buy, Rehab, Rent, Refinance, Repeat and [...]
When a traditional loan isn’t a possibility, but you need funding for an investment, hard money lending is where you turn. Several years ago, hard money lending wasn’t necessarily considered the favorite option within the borrowing community... This was due to multiple factors. 1. Modern technology was not a part of the lending process. Unlike [...]
We’re all aware of how traditional lending works. You go to the financial institution of your choice and fill out the paperwork, authorizing them to run your credit. This informs them of your income, income stability, credit history, missed and on-time payments, and pretty much everything about you financially. Depending on the details of the [...]
As the dooming era of retirement approaches for the baby boomer generation, the majority of us are aware of the daunting realization in scarcity of funds in both social security and pension plans. However, along with our economy’s ceaseless population growth comes the advantage of alternatives retirement-funding options; specifically referenced in the “reconceptualizing retirement” chapters [...]
Before recent market changes- real estate investors, primarily house flippers, were limited when it came to financing options for their investments. Because of the lucratively obvious value behind purchasing real estate, improving and reselling for a quick profit, additional lending sources have now surfaced & become willing to loan funds to be a part of [...]