Learn about the importance of underwriting in the real estate process. As underwriter for Cogo Capital, Haley and her team review a lot of deals. Data and documentation are part of the process, but understanding whether a deal is profitable takes some calculation. Get a summary overview of the process by watching Haley's latest video.
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, ...
Cogo Capital Vice President, Gary Myers, speaks to those looking to get involved in real estate investing and why use private money to fund those deals. I am here to talk to you about why people use private money. Well, plain and simple, a lot of people don't have money. But they want to do what they see on those fix-and-flip TV shows. They want to buy rental properties, short-term, or long-term investment properties. But what is holding them back? Well, it's money. So, what can they do? Well, they can reach out to private ...
What are the hottest real estate markets in the nation right now? For brokers and real estate investors, when things take a downturn it usually means it's a good time to find some deals. In this short video, Broker Success Advisor, Brandon Jolley, breaks down the research that shows where the opportunities are in real estate at the moment. Home prices are dropping and this is usually a sign that the real estate market is contracting. Click to learn more about where to set focus for your marketing for your real estate investing or loan brokering business.
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 estate investor ...
A Paradigm Shift to Sales: #1 Building the Need 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 ...
An LTV (or loan-to-value) ratio is an important part of underwriting, and as such, deserves your understanding in order to comprehend the process of your loan. The loan-to-value, or LTV, on a property is determined by taking the debt owed divided by the fair market value. Let’s say a house is worth $150,000 and the owner’s outstanding debt is $112,500. $112,500 / $150,000 = 0.75 or 75% The LTV on this property is 75% You’ve probably seen this equation structured differently: Fair market value minus the debt owed, which equals EQUITY. $150,000 – $112,500 = ...
The difference between banks and private lenders are these. For regulation as it relates to banks, regulation is very high and as it relates to private lenders it’s low. I don’t have a crystal ball and I'm probably going to regret saying this, but I don’t an cipate or foresee much regula on in the private money mortgage market any me soon other than the licensing requirements which we’re already seeing. The reason for this is the Federal Government knows that with the mandates against banks through FDIC and all the other hoops they have to ...