As a private money lender, my underwriting team (my wife) must sift through dozens of applications weekly. As our loans are mostly repaid from a resale or refinance of the property, one important check mark needed on all applications is a valid exit strategy. For the strategy to be valid
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On February 3rd, 2017, President Trump signed an executive order that requires the Secretary of the Treasury to review Dodd-Frank. So, what is Dodd-Frank? The Dodd-Frank legislation was passed over six years ago and it was intended to prevent the market turmoil that ensued in 2008, from happening again. If
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When buying real estate, there are some ways you can save money on your due diligence. You may think you can save a few bucks but you are risking a magnitude of more money. Yet, there is one third party report I would not skip. In my previous article titled
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Frequently I’m called upon to underwrite a property. Whether it is for a loan or a purchase for an investment property, some principal or borrower needs to know if their real estate asset will perform as expected. There is a complex process I go through when underwriting and I cannot
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According to industry data, there is a 20-year low on national housing inventory. At first this seems like an alarming number but keep in mind the following data points are macroeconomic numbers which encompass housing in the 100 largest U.S. metros from Q1 2012 to Q1 2017. According to one
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You may have noticed this article is not titled Five Reasons You Need to Do Due Diligence. I’m going to assume you already know you should be doing your due diligence before any investment. Though, you may be asking yourself, “Why do I have to know this, as my buying
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Stronger Offers. With private lender funds, you can make stronger offers with quicker closings and eliminate financing contingencies with offers just as good as cash. Real estate brokers present numerous offers to their clients and the strongest offers are accepted. The strongest offer is not always the highest offer price
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There are some people out there that will delineate these two in completely different ways. I personally think they are extremely similar. Let me give you some descriptions. What is a hard money lender? Does it sound scary? Check out that word in the beginning of the term, “hard”. Hard
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