As a conventional mortgage broker or banker, you will work with a variety of clients interested in buying or refinancing many types of real estate. Some can be helped via traditional institutional lenders, others will require a more specialized approach. The unconventional borrower will often can find mortgage financing with private money. You, the lender, […]
3 Tips for Closing Your Hard Money Loans
For borrowers who have only obtained mortgage financing through conventional banks and institutions, the process of obtaining hard money loans can be quite a different experience. This is because hard money lenders do not have the same requirements as bank loans, nor the same timing. One advantage to hard money is speed; however, to close […]
TITLE INSURANCE FOR INVESTORS
When investing in Trust Deeds, there are several key components. One of the keys is equity. Private Money is based on equity protection for the investor. Another critical piece is a clear title to the property. Why is title insurance so important? It protects the new lender from fraud and other issues that can affect […]
When Does Private Financing Make Most Sense?
I found a wonderful article discussing the most popular reasons for choosing private or hard money. Although it can be a pricier option, it also offers opportunity to those shunned by the bank. JD Esalen, a popular flipper, wrote this about three very popular reasons when private money makes sense. A common obstacle among real […]
13 ideas from Forbes to improve your Real Estate or Lending Business!
1. Use Social Media As an investor, in the past you would have to pay a lot of money for advertising to promote your properties if you were looking to fill your vacant spaces. Now, the best way is by posting a video or picture of your property on all your social media platforms, and […]
Creating a Solid and Persuasive Executive Summary
Considering the enormity of paperwork and requirements demanded by conventional lenders, it is incredulous that brokers send files that are so incomplete. The most important component of a good file is the executive summary. Sometimes called a Pro-Forma or Summary, the Executive Summary is a general overview describing the borrower, the collateral, the request, and […]