Most experiences with lending involve pulling a credit report for the borrower. But is this always the case with private money lending? And if so, how does it impact the borrowers credit score. Cogo Capital Underwriter, Haley Bakken, provides some detail in answering this question. Click the link to learn more.
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.
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 ...
Baby Hold Onto Me… Whatever Will Be Will Be… Ready or not, it’s expected that within the next 25 years we will see one of the greatest wealth transfers of all time. Estimates of well over $60 TRILLION (yes, that’s a “T”) from Baby Boomers to their heirs or charities are expected. Naturally, the government will also get its cut. Those tasked with managing family assets will be faced with both significant opportunities and noteworthy challenges, especially when it comes to real estate holdings. The post-WWII economic boom saw unprecedented growth in all asset classes. Favorable ...
This isn’t some trendy rehashing of “Roman Holiday.” It’s all about the Euro, which is now trading on par with the U.S. dollar for the first time since 2002. The European Central Bank’s halfhearted response to the war in the Ukraine and the resultant skyrocketing inflation has given American tourists an opportunity not seen in two decades. By comparison, during the Great Recession of 2008 the Euro was trading at approximately 1.6 times the US dollar. With the Euro and USD nearly neck-and-neck, travel to Europe has become much more affordable for American tourists. ...
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.
Home ownership is a major investment and commitment. It can be costly, with a mortgage payment, utilities, and all the maintenance resting on the homeowner's shoulders. House hacking is the process of buying a home and then turning it into a money-making machine by utilizing part of the property to bring in some extra cash. House hacking is not easy, but it is possible with the right mindset and approach. In this guide, we'll show you how to use your home to "house hack-away" at your monthly mortgage while building equity. What is House Hacking House ...
There are many ways to get into real estate investing Some of these include flipping, wholesaling, and the popular "buy-and-hold" strategy for longer-term, passive income investments. One method that is popular with investors deploying a buy-and-hold strategy to build their rental income portfolio is through the use of the BRRRR Method for real estate investing. The BRRRR Method is an investment strategy that offers a process used by many real estate investors today. It gives you a template to buy, rehab, rent, refinance and repeat a workflow to generate passive income. Who Coined the Phrase "BRRRR ...