Rental Property Investing Do’s and Dont’s

When it comes to investing in property, there are as many ways to make mistakes as there are ways to make a fortune! Before you decide to sign on the dotted line, read on to learn some of the do’s and don’ts of rental property investing. DO: Research the Neighborhood of the Rental Property You’ve heard the expression: ‘location, location, location’. In the world of real estate, location is absolutely everything! A go...

Common Reasons Your Private Money Loan Request Would Be Denied

There are many reasons why real estate investors might seek out private money loans instead of more traditional avenues of mortgage lending. Not only is credit rating generally not a factor, but these loans can be much more expeditious than borrowing from banks. This is because private lenders are more interested in collateral than credit, as well as the plan for seeing return on investment from real estate projects like house flipping, rental pr...

Hard Money Loans and House Flipping

Call it what you want but flipping houses has become Popular with a capital P in recent years. I speculate that the success of books such as Rich Dad, Poor Dad, by Robert Kiyosaki and TV shows such as Flip This House have brought fourth public knowledge on the merits of house flipping. Regardless of how house flipping became popular, it’s in and it’s here to stay! So How Does House flipping work? Well, on pen and paper it’s real...

Benefits of Private Lending and Hard Money Loans

Unfortunately, not everyone on this earth is qualified to receive a loan from the bank. A history of bad credit, no credit and high debt in your portfolio can really stack the cards against you, lowering your chance of being approved by most financial institutions. So what should a person do if they can’t receive money in the “typical” way? Those that often have a hard time borrowing money often turn to private lenders which are...

Now Is The Time To Buy A Home!

This is a line many real estate agents and loan officers have used to try to get prospects to buy a home. Sometimes it was true, sometimes not. So why am I saying it is true now? According to the California Association of Realtors , in the 2nd quarter of 2006, only 26% of Californians could afford an entry level home. As prices dropped, the number of people who could afford to buy a home increased. Now, with prices as low as they are, home affor...

Hard Money/Private Money Rates

Probably the most asked question when someone is calling to find out about hard money is, “What is the interest rate?” The short answer, which is also not very specific, is that rates usually range from 10 – 12%. In some cases, we have done deals with rates below 10% but those tend to be cleaner deals. Before we can accurately answer the question, we need to know some of the details of the loan. Some of these things are: loan amount, purcha...

Paying debts doesn’t always help your credit score

It is generally accepted that if you pay off your debts, your credit score will go up. This is believed because it makes sense logically. If you pay off a debt, you owe less and you are more able to handle your other obligations. However, there are some instances where paying a debt actually hurts your credit score. Here’s why. When you have a collection account or a judgment on your credit report, the impact it has on your score is directly re...

Why Buy a Rental Property?

During housing boom a few years ago, many people bought rental properties because they thought the value would increase and they would end up making money when they sold the property. This was common practice even when there was a negative monthly cash flow, sometimes several hundred dollars. Then, when the market crashed, many people lost those homes and decided never to buy a rental again. Now that prices have come down to a more reasonable ran...

38% of Homes Bought in 2011 Were Bought With Cash

In a study performed by Hanley Wood Market Intelligence, it was found that 38% of the homes purchased in 2011 were bought with all cash. This is slightly higher than 2010, during which 34% of all homes purchased were bought with cash. By comparison, only 19% of the homes purchased in 2006 were paid for with cash. There is a lot of speculation on the reason for the high percentage of all-cash purchases but one could easily arrive at the conclusion...

Why Buy During the Winter?

Many people do not shop for houses during the winter because they have other things to do or because they don’t want to deal with bad weather while looking at houses. While this is understandable, it may cost you money if you fall into this category. Why? As we all know, prices are determined by the market. When there are more buyers, prices will tend to be higher. Conversely, when there are less buyers, prices tend to be lower. If you think ab...

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Rental Property Investing Do’s and Dont’s

Common Reasons Your Private Money Loan Request Would Be Denied

Hard Money Loans and House Flipping

Benefits of Private Lending and Hard Money Loans

Now Is The Time To Buy A Home!

Hard Money/Private Money Rates

Paying debts doesn’t always help your credit score

Why Buy a Rental Property?

38% of Homes Bought in 2011 Were Bought With Cash

Why Buy During the Winter?

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