Recently, there has been a change in how some lenders are marketing LTVs (Loan to Values): Borrow up to 90% of the purchase price and up to 100% of the rehab cost. At first glance, you might think you are getting a higher loan amount, and in turn, … Read More »
90% Loans and Percentage Confusion
Never Confuse These Two Things About Real Estate Deals
When it comes to investing in real estate, there are just some deals you are not going to be able to acquire. Best to know this from the start and get over it quickly. Someone else is going to get the deal instead of you, either because they were … Read More »
Did You Know There Is An Over-Under In Real Estate Investing?
You may have heard of the over-under in sports gambling. That’s where you bet on whether the combined score of both teams will be either higher or lower than that number. But did you know there is an over-under in real estate investing? That’s where … Read More »
Top Five Things to Consider for Ordering a Land Survey
On more than one occasion, I have seen investors have to clean up a mess after closing that could have been prevented had they ordered a land survey. Unfortunately, most Real Estate investors avoid getting surveys. Why? They don’t want the added cost … Read More »
Five Costs Real Estate Investors Typically Forget
New (and even some experienced) real estate investors often think there is more money in a deal than there actually is because they are focusing on gross profit and incorrectly calculating their net profit.For example, a house with a $100,000 ARV … Read More »
The Dos and Don’ts of Going to Market for Sale
A realtor friend of mine once told me, “As soon as a house is listed on the MLS, it’s the belle of the ball.” If it looks good online, agents in the area will want to show it to their prospective buyers. As the saying goes, “you never get a second … Read More »
The Seduction of Cheaper Hard Money
Over time hard money lenders come and go. Which ones stay? The lenders who survive in this business are the ones that understand they must charge enough to operate, service loans, and most importantly, service customers who are in most cases, making … Read More »
12 Steps to Determine the After Repair Value (ARV)
Every investor needs to be able to determine the After Repair Value (ARV) as close as possible, prior to ordering an appraisal. In order for a property to be considered comparable to the subject property, it needs to meet certain criteria. I have put … Read More »
The Real Value of an Appraisal
Appraisals eliminate the guesswork in determining the market value and actually lower your risk before you purchase. In addition to providing you with the after repair value of your property, an appraisal will show you photos of the comps, location … Read More »
Set An Offer Goal Every Month
There is an old saying in real estate investing circles, "If you’re not making offers, you are not going to get deals." It sounds so simple, but you would be surprised how many investors I speak with on a regular basis who say they cannot find … Read More »