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|

Wholesale Case Study

  I just want to walk you through a brief wholesale deal. Let's assume now that you've gone out and you've put a property under contract for $100,000 and then you've assigned it to another buyer for $105,000. Now when you go to closing, your end buyer will actually bring $105,000 - $100,000 for the purchase and $5,000 for the assignment fee. Now, what helps is if they bring two separate checks and this is up to the the company's discretion because guys, I don't ever want you closing a deal without a title company being ...

By |2022-03-25T14:52:32-07:00July 26th, 2016|Real Estate Investing|

How do you price the wholesale deal?

  This is a great question because one of the things you do not want to do is demand so much money for the deal that nobody will buy it. You need to leave enough of what we call “meat on the bone” for the next person. They still need to be able to make a profit after they have invested me, renovation costs, and paid off their contractors. There needs to be enough room after all the closing fees, real estate commissions, title fees, and your wholesale fee for them to still make a profit. ...

By |2022-03-25T14:53:29-07:00July 8th, 2016|Real Estate Investing|

The Foreclosure Process: Judicial and Non-Judicial Foreclosure

  Why invest in the foreclosure scene? First of all, you get discounted pricing. It's also speedy purchases and there's often wonderful profit opportunities if purchased correctly. The main thing I love about investing in foreclosure properties at a trustee sale or sheriff's auction is that in most markets you buy today, you own today. That's pretty rapid money. In your own market, you need to make sure that you check to determine that if you buy today, you own today. In some markets there is a redemption period that the homeowner has. I've heard that ...

By |2022-03-25T14:54:35-07:00June 22nd, 2016|Real Estate Investing|