What are Points on a Hard Money Loan?

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 ...

By |November 5th, 2021|Categories: Borrowing|

21 Questions to Ask a Private Money Lender

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 ...

By |October 22nd, 2021|Categories: Borrowing, Fixing, Flipping|

Max Allowable Offer

So you’ve found what you think is a great deal. It’s a single-family home in a neighborhood that is on the upswing. You notice homeowners in the neighborhood fixing up the properties and making improvements. This is promising, you think to yourself. But you need to figure out some things, like the Max Allowable Offer you should make on the property. You’ve been watching home prices in the area for months, waiting for a deal you can make some serious money on. You know this property is going to need some work. The former ...

By |October 7th, 2021|Categories: Fixing, Flipping, Offers|

Non Recourse Fix and Flip Loans

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. ...

By |September 27th, 2021|Categories: Borrowing, Fixing, Flipping|

Finding Private Funding for Real Estate Investors

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 ...

By |September 10th, 2021|Categories: Borrowing|Tags: , , |

Jumbo Mumbo: Don’t Size Yourself Out of Success

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 ...

By |January 8th, 2020|Categories: Borrowing, Getting Started, Property Evaluation|


Fix & Flip Loans - Cogo Capital