TO BORROW MONEY EFFECTIVELY, loan brokers, finders, consultants, and potential borrowers must understand as many different methods as possible to increase the likelihood that a lender will make a desired loan. FOR EVERY LOAN REQUEST, the lender weighs many variables, such as type of loan, amount, interest rates, repayment terms, borrower’s collateral, job status, earnings,
Written by AnthonyRaymond
MANY OF OUR READERS WANT TO GET REAL-ESTATE MONEY for either single- or multiple-family properties. We can help them find suitable lenders . . .
Written by AnthonyRaymond
The biggest challenge for real estate BWBs (Beginning Wealth Builders) is the down payment needed for their first property. So if a BWB starts with a low-cost property (say $50,000–not $5-million), it’s much easier to borrow the down payment. For instance, if you need 10% down, that’s $5,000 for the $50,000 property, but $500,000 for
Written by AnthonyRaymond
MANY BWBS SEEK TO BORROW MORE MONEY THAN THEY NEED to take over, start, or buy real-estate ventures which interest them. Let’s see how you can do exactly this for a condo (condominium) you want to speculate on. Here’s what you do: Here’s what can happen to typical condo prices: Price at Start of Construction
Written by AnthonyRaymond
THE HUD HOME STORE at hudhomestore.com is the listing site for HUD (U.S. Department of Housing and Urban Development) real estate owned (REO) single-family properties. AN REO PROPERTY IS REAL ESTATE OWNED BY A LENDER, usually a bank (or in this case, HUD), after an unsuccessful sale at a foreclosure auction. Most of these properties
Written by AnthonyRaymond
Over sixty active LinkedIn groups exist for real estate professionals seeking to expand their knowledge and networks. Membership is free, providing a wealth of resources such as social media networking, new deal leads, and industry news. Additional social benefits include linking to other social platforms to grow connections further. To join, simply click “Join” on the desired group’s page.
Written by AnthonyRaymond
P2P lending allows individuals to borrow and lend money directly online, bypassing traditional financial institutions. It offers benefits such as lower interest rates, quick funding access, and the potential for lenders to earn returns of 7-14%. Borrowers can secure loans without collateral, often for varied personal uses. As the practice grows, both parties are advised to understand the associated risks and regulations. Popular P2P lending companies and crowdfunding websites operate globally, providing platforms for these financial transactions.
Written by AnthonyRaymond
The following list of Lenders consists of those approved to submit and process applicationsfor multifamily mortgage insurance using MAP. The list is in alphabetical order bycompany. An asterisk (*) next to the name indicates that MAP Lender is also approved forSection 232/LEAN Healthcare. Mr. Avi BrumFounder/CEO*Adroc Capital, LLC65 Ramapo Valley Road, Suite 106Mahwah, NJ 07430PHONE:
Written by AnthonyRaymond
BY NOW, YOU’VE PROBABLY HEARD HOW CROWDFUNDING is changing the way people get and invest money for real estate. But did you know that the Statue of Liberty was America’s first major crowdfunding project? WHAT IS CROWDFUNDING? Crowdfunding is taking the power of a group of people (a “crowd”) to raise money for a real
Written by AnthonyRaymond
CONSTRUCTION LOANS ARE AVAILABLE in the United States, Canada, and worldwide for all types of real estate, including: CONSTRUCTION LOANS GENERALLY DON’T COME IN NEAT, standardized packages like conventional mortgage loans which are structured according to strict government regulations. FOR RESIDENTIAL PROPERTIES IN THE U.S., certain parameters relating to construction or renovation of a property being acquired