Archive | Financing RSS feed for this section

Can An LLC Take Out a Rehab Loan

Another question via the Investor Insights search logs. Someone in Chandler, AZ wants to know… Can An LLC Take Out a Rehab Loan? Yes, an LLC can take out a rehab loan if it is a private, portfolio or hard money loan. Conventional lenders won’t allow it on residential property financing. And if you go [...]

Read more

Refinancing a Hard Money Loan? Not So Fast.

The hits just keep coming for real estate investors. Freddie Mac just announced that effective May 1, 2001, they are requiring a 120 day seasoning on rate and term or “no cash out” out refinances. So, if you’re buying with private money, rehab loans, hard money or other short term loans and refinancing into a [...]

Read more

FHA Says Flip Away

More good news for flippers! Last January, FHA Commissioner David H. Stevens announced a one-year suspension of that rule, permitting qualified buyers to obtain FHA mortgages on properties that were acquired by rehabbers less than 90 days before. The plan was set to expire at the end of this month but Vicki Bott, deputy assistant [...]

Read more

2010 Annual Reader Survey Results

The readers have SPOKEN! A few weeks ago, I sent out our annual reader survey to the more than 20,000 Investor Insights readers and asked 4 questions: 1. What frustrates you MOST about your real estate investing business? 2. What are you trying to accomplish in your real estate investing business in 2011? 3. What [...]

Read more

TMI! How Oversharing Can Kill Your Loan

As a commercial mortgage broker, one of my best skills is the ability to craft excellent loan packages and funding requests.  That’s why I shudder at some of the requests that come into my office. Here’s one that just came in a few weeks ago in all its unedited glory: Hi: I am in a [...]

Read more