October 30th, 2009
The big thing I hear typical real estate investors complain about today is that the banks won’t give them enough property. They’re stingy with REOs, they’re holding property back, and worse, they won’t loan, even when they say they will. What’s a real estate investor to do?
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July 30th, 2009
Whoah. With all the lender rules shifting like quicksand, and companies going out of business or selling off divisions, it’s been a little crazy in the world of short sales. But sometimes a rule comes down that’s a game-changer, and this is one of them: Bank of America, which of course is now Countrywide’s parent company, has nonchalantly added a clause to its short sale contracts that makes owners pay back the difference between the loan value and that of the short sale.
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July 13th, 2009
In today’s topsy-turvy market, you may find yourself needing to talk to your lender about more than just a change of address. Here’s how to minimize your headaches and maximize your valuable time while on the phone with your mortgage company.
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June 17th, 2009
Real estate is nothing if not options. Do I buy the fixer, the flipper, the multi-unit? Do I wholesale, buy and hold, or joint venture? Should I rent, lease-option, or sell? One of the most important things you can do is ignore all these options, and look for the money. OK, ok, I know that sounded obvious, but you have no idea how many people (as a newbie, myself included) forget this point. They get all caught up in some great deal and forget about the numbers having to work, or they get all emotionally invested in a deal (I already put 50 hours into this!) and refuse to let it go when the numbers change.
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May 25th, 2009
I’m 43 years old (I know I don’t look it). This evening, I spent half an hour writing out instructions to my loved ones for what to do in the event of my untimely passing. Now, you may be asking, what the heck does this have to do with real estate, financing, or blogging?
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May 6th, 2009
This is part 3 of a 3 part series on loan mods for investors. If you’re considering a loan mod, please make sure you read the first two parts of the series as well.
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April 24th, 2009
The fascinating thing about real estate investing is how many aspects there are to it. One of the latest new trends is loan modification, and investors can finally begin to take advantage of this opportunity. Over my next several posts, I will address what a loan mod is, how it can save you money on your current investment properties and how you can qualify for a loan modification.
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April 16th, 2009
(part 2 of 3)
So now you know what a loan modification is, and you have questions, right? Here are the ones I get all the time, right out of the starting gate.
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March 31st, 2009
Whether you’re a new or seasoned investor, you often feel like it’s just you against the world, navigating the changing market and trying to make sure you make the best of the myriad resources available to you. Following are some suggestions for places you can go to help make your business run smoother, and save you money (or time, which IS money!) in an uncertain economy.
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March 24th, 2009
(This is part 3 of a 3 part series on “Becoming Your Own Bank”)
In the last two weeks, you’ve learned a little bit about how to create and manage your own financing on properties. Today, we’ll talk about how to expand past your own resources.
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