Financing
Why Private Money
Written by Alan Cowgill   
ImageThis topic is near and dear to my heart. When I started my RE career, I heard about the necessity of finding private lenders. In fact I even found two. But then I stopped. For four years I PROCRASTINATED. I didn't get it!!! For four years I continued to go to banks and jump through their hoops. I also had used hard money lenders, but found them VERY expensive
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Two Major Benefits of Having Private Money
Written by Alan Cowgill   
Image I started my business by using banks, savings, credit cards, lines of credit, creative techniques with sellers (like land contracts or lease/options), and partners. But, once I was self-employed, I was concerned that it was going to be harder to get loans to purchase properties.
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Money, money money!!
Written by Judson Voss   

Image

$        How do I get financed? 

$        How do landlords get 25 mortgages for all of those houses?

$        What is a good rate?  What can I afford?

$        How is an investment loan different than my personal property mortgage? 

$        Who loans private money for loans? 

$        What type of loan is right for my project?

Just like any other part of real estate investing it is important to learn all of the options and find out which ones are right for you.  There are so many ways to finance a property it will make your head spin.  Everyone agrees it is great to find a deal but it is even better to line up your financing before you find your deal.  How else will you know the what your closing costs are what your interest rate is and in the end what your cash flow will be?

If you really want to impress those bankers make sure to sign up for our email newsletter (link to newsletter signup pop-up) and you will receive FREE our guide to Dazzling Your Banker.

 
Choosing a Lender
Written by Deanna Valeo   

ImageWhen choosing a lender, whether you are buying or refinancing, the initial impulse for many people is to look for the lowest interest rate possible. Yes, the interest rate is very important, but the truth is that lenders these days offer very similar rates, so other factors may be even more significant. To pick the right lender, it’s not a bad idea to call up a few and quiz them a bit. Here’s what to look for…

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Beware of Cash Back
Written by Wendy Sweet   
ImageI love the real estate investment industry. Everyday, I learn new and interesting ways to structure deals that are fair to all parties and allow all parties to make the money they need to make. Attending meetings offered through your Reia are great ways to learn what others are doing and how those deals can be structured to work for you.
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