Comparative Market Analysis or CMAs are often utilized by investors to get an idea of what their investment will be worth after their proposed scope of work is completed. CMAs should be an important tool in making smart investment decisions. Too often there isn’t enough thought and attention put into them and appraisals come back […]
I mentioned at our last Denver Happy Hour that I read an article about Wells Fargo moving back into the Subprime Mortgage market. A Wells Fargo spokesman disputed media reports that the company is entering the subprime market again. This spokesman says that he would not consider them subprime mortgages, but they are clearly loans […]
Because homeownership is often less expensive than rent, we could see some of our rent-to-own tenant buyers start trying to execute their options. If you don’t have tenant buyers, you may want to consider using them for your rental property. You will generally get more rent and less hassle. In my experience, less than 20% […]
A common problem with rehab investors is getting their properties to appraise once the rehab is done. This is true if your plan is to resell the home, but is especially true to those of us that will be refinancing the property. A bad appraisal could ruin your deal and your profit. It is a […]
One of the large mentorship programs – and star of a reality TV house flipping show – preaches debt stacking your real estate deals to reduce or eliminate your out of pocket requirements. Potential real estate flippers are sold on this because they hear that they will get infinite returns with little or no risk. […]
Strategies to fund your next real estate purchase: As a hard money lender, I get calls daily from real estate investors wanting help funding their next project. Many of them are so focused on one way to do it, they sometimes miss opportunities to make money. It was a few months ago I spoke with […]
The Single Member LLC – Should I Use One?
Correct use of entities in a real estate investing business is one of the most common mistakes I see investors making. A Single Member Limited Liability Company or SMLLC, being the most common. In the states we work, we are lucky to be afforded the opportunity to use SMLLCs because not all states allow them. […]
It was a fall Sunday morning before a Denver Bronco game. I was playing fantasy football and desperately wanted to watch the pregame shows to make the best decisions for my fantasy team. There were bragging rights on the line after all, but instead of going to the remote, I went for my phone. I […]
Strategies to fund your next real estate purchase: As a hard money lender, I get calls daily from real estate investors wanting help funding their next project. Many of them are so focused on one way to do it, they sometimes miss opportunities to make money. It was a few months ago I spoke with […]
