Get all the facts about the hard money loan process at Cogo Capital in our latest blog post! Learn how long it takes and what factors can affect the timeline, with insights from our expert underwriter. Plus, get helpful tips for expediting your loan. Don't miss out - read the full post now!
Discover how to reduce your investment risks with private money lending. In this blog post, Gary Meyers, Vice President of Cogo Capital, shares his insights on the potential risks of private money lending and how partnering with an experienced lender like Cogo Capital can help you make informed decisions. Learn how Cogo Capital can help you analyze property values and assess rehab costs to avoid overpricing and exceeding budgets. Click now to read more and mitigate your investment risks with Cogo Capital.
Hi, my name is Gary Myers, and I'm the Vice President of Cogo Capital, and I'm here to talk to you about how to get a loan and some requirements that may be needed. First, it's easy and simple. You reach out to the lender and talk to a loan officer. Once you get on the line with the loan officer, they're going to work the process with you. Understanding the Deal They will ask you questions about the purchase price, rehab cost, and values. They're even going to ask you about your credit score, possible ...
I’m here today to talk to you about how to use private money. Now, in today's market, a lot of people are buying real estate or wanting to get into real estate. But one of the things that are holding them back is money—plain and simple. How to Get Started We love those TV shows, you know the ones, the fix-and-flip shows, and all that great stuff. But how do we really get involved? How do we get started? Now, a lot of you would argue that we've got to go find a real estate deal, ...
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, lasting anywhere ...
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 a must. ...
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 a private ...
Did you know that you can use your self-directed IRA to get Non Recourse Fix and Flip Loans? There are many benefits to using your IRA as a tool to buy and flip. These loans are referred to as “Non-Recourse” because they give you liability protection. Read on for more... Use a Self-Directed IRA for Non-Recourse Loans For starters, what is a self-directed IRA? You might be thinking, “I have an IRA, can I use it to invest?” Let’s answer a few questions and you’ll have a better idea about what you can do. A self-directed ...
Lee Arnold, CEO and founder of Cogo Capital, shares pointers on finding private funding for real estate investors Attract Private Funding for Your Real Estate Deal Investors often ask the question, how do I find funding? What investors should really be doing is allowing funding to find them. Let me explain. Funding, like so many things in life, is about attraction. We get who and what we attract. It's the law of attraction and it works in every aspect of your life, including finance. So how do you “attract” funding? Reduce Your Risk Profile ...
2020 is going to be a big year. It is time to set your sights high. Doing big things this year does not mean buying big, it means selling big. You will do yourself a tremendous disservice if you pursue properties that are in the jumbo category because only jumbo lenders can participate in this segment of the market and that represents only about 4 percent of the market. The Cap Now, if you pursue properties where your After Rehab Value (ARV) does not exceed the FHA cap for your area, you’re more likely to get ...