How to Use Private Money

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, ...

By |2023-01-26T16:59:18-08:00January 26th, 2023|Borrowing, Private Money Lending, Real Estate Investing|

Why Use Private Money

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 ...

By |2023-01-17T16:48:19-08:00January 13th, 2023|Private Money Lending, Real Estate Investing|

Baby Boomers and Wealth Transfer

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 ...

By |2022-11-18T16:52:12-08:00November 18th, 2022|Economic News, Real Estate Investing|

Have You Noticed? Everyone is in Europe this Summer

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. ...

By |2022-09-19T13:33:21-07:00August 10th, 2022|Economic News, Real Estate Investing|

Hot Real Estate Markets for July 2022

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.

By |2022-08-10T14:25:08-07:00August 10th, 2022|Private Money Lending, Real Estate Investing|

What is Househacking?

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 ...

By |2022-03-28T09:54:17-07:00March 25th, 2022|Getting Started, Real Estate Investing, Rentals|

The BRRRR Method of Real Estate Investing

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 ...

By |2022-02-22T15:09:33-08:00February 22nd, 2022|Entrepreneurship, Real Estate Investing, Rentals|

Loan-to-Value and You

  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 = ...

By |2022-03-25T14:46:01-07:00June 14th, 2017|Borrowing, Private Money Lending, Real Estate Investing|

What Is Owner Financing?

This is the most common way to get a hundred percent financing. This is where the current owner agrees to finance all or some of the purchase price. If it’s just some, you can get the remaining amount from Cogo Capital or another local private lender in your market. If you have the financial or credit wherewithal, you could also go as far as getting conventional financing. Common owner financing is where the principal will be paid at a later date, which is called a deferment. You can also defer the interest and stack all of ...

By |2022-03-25T14:49:35-07:00November 11th, 2016|Borrowing, Real Estate Investing|

Why Use Private Lenders Instead Of a Bank?

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 ...

By |2022-03-25T14:50:32-07:00October 13th, 2016|Borrowing, Private Money Lending, Real Estate Investing|