Blog2020-02-07T19:26:36-08:00

COGO BLOG

How to Become a Successful Money Broker

To be a successful money broker, there are certain things you need to do to make your clients happy. In this blog post, we'll go over the basics of how to become a successful money broker and offer insight into brokering private money loans. Keep reading to learn more! What Does a Private Money Broker Do? A money broker is an intermediary between private money lenders and borrowers. Real estate (RE) investors doing fix-and-flips can sometimes hit the ceiling with their lenders. Financial institutions, like banks, might be unwilling to lend to a real ...

By |January 16th, 2022|Categories: Entrepreneurship, Money Broker, Private Money Lending|

Broker Success Series: Building the Need

A Paradigm Shift to Sales In this edition of our Broker Success Series, Artur Budimir, Account Executive and Broker Success Advisor, talks about the sales mindset necessary for broker success Sooner or later, everyone realizes the importance of being able to know how to sell.  It is a vital skill that you won’t get from parents, teachers, or schoolbooks.  And the sooner you lay down this foundation, the better and easier your life becomes. However, most individuals learn sales incorrectly because they witness it second-hand.  They are on the receiving end of a terrible ...

By |December 8th, 2021|Categories: Broker Success Series, Private Money Lending, Success Mindset|

Fix and Flip Loans for Beginners

Are you interested in getting into the fix and flip business? If so, you'll need to get financing for your projects. This can be a bit tricky if you're new to the game, but don't worry—we're here to help. In this post, we'll introduce you to fix and flip loans for beginners and tell you how to get started. Keep reading to learn more! What are Fix and Flip Loans? A fix and flip loan is a type of loan that finances the purchase and renovation of a property. These loans are usually short-term, ...

By |December 6th, 2021|Categories: Borrowing, Fixing, Flipping, Getting Started|

What Does ARV Stand for in Real Estate?

Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1 -Warren Buffett Real estate investors face several challenges when they first begin their property search. After finding a deal, the next step is calculating the numbers. Real estate investors are businesspeople first. Therefore, whatever deal they find, they need to understand if the property is a profitable deal. Will they make money? The answer is in the numbers and understanding what does ARV stand for in real estate is an important one. Read on to find out why. What is After ...

By |November 19th, 2021|Categories: Entrepreneurship, Flipping, Property Evaluation|

What are Points on a Hard Money Loan?

For investors looking for short-term funding, hard money loans—also known as private money—are essential. Investors work hard to source and get a property under contract. Then they need to acquire financing. Investors might have cash on hand for a down payment and for the other fees associated with paying off the seller, but they’ll need another party for help to fill the gap in their funding. This is where hard money lending comes into play. Hard money lenders fill an essential role in real estate investing. Understanding the fees in closing a deal is ...

By |November 5th, 2021|Categories: Borrowing|

21 Questions to Ask a Private Money Lender

Investing in real estate requires trust.  Trust in your process and trust with others.  Team work makes the dream work, after all.  But before building trust you need to know the people that will be part of your bigger "team."  One of these team members is your private money lender.   To help facilitate that relationship, we've provided questions to ask your private money lender.  This guide will allow you to review lenders and fund you deal in confidence. 1.  How Experienced is the Lender in Private Money Lending? As far as questions to ask ...

By |October 22nd, 2021|Categories: Borrowing, Fixing, Flipping|

TOPICS

Fix & Flip Loans - Cogo Capital