How Do I Determine After Repair Value of a Property? Answers to Five Common Questions About Determining Value One of the most critical things you need to know when buying an investment property in need of rehab is what the property will be worth when the rehab is finished. This…
Having Adequate Cash Reserves Your Cash Counts Having adequate cash reserves is essential to getting a loan approved by both traditional lenders and private lenders. RFG has recently received several applications from potential borrowers, who, although otherwise qualified, do not have enough cash on hand to get their loan application…
The Value of Your Flipped House RFG receives calls from potential borrowers everyday seeking financing for their rehab projects. We love the excitement that they have for their newest project, but frequently find that they have “fallen in love” with the house and have not done their homework regarding the…
Watch Out for Date Requirements! An agreement of sale for the purchase of real estate contains multiple dates that you need to keep track of to make sure that your deal gets done. It is very disappointing when a purchase of a property does not close or the buyer does…
Mortgage Loans: Don’t Hide Facts When applying for a mortgage loan, the lender will ask you to fill out an application and provide supporting documentation. It is important that you review what is being asked for and supply all of the requested information. If you cannot supply something, explain to…
4 Ways Mortgage Brokers Can Leverage LinkedIn For New Business LinkedIn is one of the most powerful networking sites today. It has the highest average household income over any other social media/social networking website and nearly 44% of users are key decision makers. According to 2011 statistics, 14.8% of the…
Real Estate Investing Tips – Don’t Fall in Love You would never make the same mistake one of our clients made, would you? Case Study: The Woman Who Fell in Love With The Property We had been working with a borrower for an extended period of time who was looking…
6 Tips for Top Real Estate Investors We believe that it is important for real estate investors to embody and hone in on some skill sets that top real estate investors practice: 1. Real estate investors have homework too. The more you are able to understand your local real estate…