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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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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I was prompted to write this article when I saw an article from Realtor.com titled Apartment Market Slumps as Supply Surges. I ignored my urge. Then, a few friends, who read the same news feeds, asked something akin to “Is the multifamily product finally going to crash allowing us investors
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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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Do you know what a cap rate is? When I first started flipping properties I had no clue what it was. When I first started I was concerned with one thing only which was cash flow (and you should be too). However, when you expand your horizon and look at
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