The subject of this article is very important to the investor who wants his rehabs or flips to have the largest possible pool of potential buyers. While I do invest in houses of all price ranges, I ha

It surprises many beginning real estate investors when I recommend they get started investing without using their own money. They find it hard to believe that sometimes having money can be detrimental

This 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 PROCRASTINA

A home equity line of credit ("HELOC") can be an excellent financing tool, if it is used properly. A HELOC is basically a credit card secured by a mortgage or deed of trust on your property. You only

The mortgage business is a complicated and ever-changing industry. It is important that you understand how the mortgage market works and how the lenders make their profit. In doing so, you will gain a

When considering an investment property loan from an institutional lender, you need to consider many of the variables involved in the loan terms being offered. Interest Rate The cost of borrowing mon

You've seen the emails: "Legally eliminate your mortgage!" Can this possibly be true? Well, I've read the claims and researched the law and here's what I came up with. The Claim The claim is that

Q: I am a new investor (I bought my first rental 18 months ago and now have 5 houses) and I am having a “cash crunch” due to some vacancies and some rehabs I need to do. Is it smart for me

Anyone out and about in public these days has probably noticed a change in his/her respective community. More homes are sporting for rent or for sale signs, restaurants are practically empty, and even

Private mortgage loans are made by private lenders instead of traditional financing sources such as banks, lending institutions, or government agencies. They usually are short-term (6 months to 3 year

Pre-Qualification letters are not absolutely necessary, but if you want to pursue bank owned and HUD homes they are a necessity if you don’t have provable cash. A pre-qualification letter from a

In recent years, the number of mortgage brokers vying to make loans in the small residential property market has exploded. With this increased competition has come some advantages for the real estate

Having a good hard money lender will help you to become more profitable. You will be able to take advantage of deals when they come available. You will be able to act quickly if need be. You will be a

Finding hard money lenders isn't really a mystery. At least it isn't a hard mystery to solve. You just need to get out there and take the right steps toward uncovering them. There are many different w

Private or "hard money" lenders are private individuals with surplus money available for investment. Some have deep pockets while some have limited resources. Based upon their own personal criteria, t

If you invest in real estate, you need cash to buy houses. Even if you have a full bank account and great credit, you’ll eventually run short on funds - or short on time to obtain a loan - for t

It used to be, just 9 months ago, that any rehabber with a pulse that could find a house to purchase for a price of 70% of the After Repaired Value (ARV) including the cost of repairs, could find fina

The best place to get short-term money is through mortgage brokers, who know what will work and what won't. They know what they can get on the market today. Some will have access to private funds that

Many consumers assume that “mortgage companies” are banks that lend their own money. In fact, a company that you deal with may be either a mortgage banker or a mortgage broker. A mortgage

Financing Without Banks: What You Should Know A new trend dubbed "peer-to-peer" financing is emerging in the crowded real estate financing arena and it's already more common than most people think. S