Step one: Financing….where do I start?
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For most of us, financing goes hand in hand with real estate investing. Of course, there are cash buyers, but often they don't mind refinancing a property to withdraw their cash to start another project. So, where do you learn your financing options? I suggest having 3 trusted sources. A commercial banker that is familiar with real estate investing, a mortgage broker with experience of CLOSING loans RECENTLY on non owner occupied properties, and watching a trusted site like http://www.mortgagenewsdaily.com/ to get current rate and market information.
I prefer working with a commercial lender as my primary lender for... continue reading >>
Talk the talk, then walk the walk… financing 101
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If you are new to RE investing you may be confused with many of the acronyms out there. There is no way to fit them all into a blog post ( learnrei.com ), so for this round, I will focus on financing.
If you want any chance of financing your deals, or negotiating with a seller or sellers agent, you need to know the lingo. Not only do you need to know the lingo, you need to understand the meaning of these terms and how they affect your investment. By knowing the rules... continue reading >>
Can Investors go green, other than greenbacks...
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Can investors go green? Can investors include green features in their properties either for sale or as a rental?
I SAY YES! Of course, with everything there are limits, but here is just one great example where going green saves you money, provides your tenant a better home, and provides better resale for the future.
I am talking about High Efficiency furnaces. These little gems cost only slightly more than the minimum allowable 80% efficiency units, and use significantly less natural gas. By installing one of these (especially... continue reading >>
How would you like an easy 5% raise?
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When I worked in the corporate world, a 5% raise was pretty good. An employee usually had to be working on the right projects and putting in a very solid effort to earn this. In this economy, many are just glad to have a job, let alone worried about getting a raise. This morning I had a realization! I have been providing investors with properties that cash flow between $300 and $400 per month in positive cash flow. I just realized that for someone making a good income, this equates out to... continue reading >>
Understand what season you are in..
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I and many other investors, consider these times to be the best time to buy property. In agriculture, this would be the planting season. Now is the time you prepare your fields, plant seeds, and nurture their growth with anticipation of an excellent harvest in the spring. Just like you do not see farmers harvesting their corn in February in the Midwest, it would be unwise to try to get top dollar for a property that you purchase now.
Very similar with real estate investing. Now is... continue reading >>