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. […]
I recently had a conversation with a client that was buying his first flip. We were going back and forth about a couple of items and he was pushing back on some aspects of our loan. After a bit more discussion, he finally admitted that he was just nervous. Nervous that he’d purchase the wrong house, […]
Being so close to Halloween, I thought I would write the scariest article to real estate investors and Realtors that I could think of. iBuyers are the zombies eating away at your opportunities. They are murdering growth and killing dreams!! Let’s start with what an iBuyer is and what they do, and what we as […]
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 […]
Taking the idea of trying to time the market out of the equation, how do you know when the best time is to sell a house with equity? I get this question from even the savviest investors all the time. I was just reading some articles from an experienced investor in the Denver area. I […]
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 […]
