![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
Real Estate Investing: How to Choose a Lender
To become a successful real estate investor it's vital to have a long-term relationship with a good lender. Having a flexible lender who knows your needs and objectives can be the difference between success and failure in your investment career. Choose several lenders to begin with, and then interview all of them. Ask friends, other investors, and realtors for referrals. Call all of your potential candidates in the same week, so you'll have identical criteria for comparing their rates, fees, and programs. Instead of trying to fit into a lender's program, interview your lenders by finding out how they can accommodate your needs. Here are a few questions to ask: 1. What are their requirements for middle credit scores and income? 2. What are their standard loan costs? These include things like points, processing, underwriting, documentation preparation, filing, and credit report fees. Can you add these fees to the loan amount? 3. Is there a required holding period before you can resell the property? Are there prepayment penalties when you flip your investment properties? 4. Do they require mortgage insurance? If so, what is the minimum percentage you'll need to put down in order to avoid having to purchase that insurance? 5. How much can you finance, and can you finance fixer houses? How much down payment would be required on such houses? 5. Can sellers help with the loan costs, and to what extent? After you've interviewed your potential candidates, make your choice according to the programs that fit your needs, as well as from the feeling you get from that person. Do they seem as if they'll be easy to work with from a personal standpoint? Since you're hoping to use that lender again and again, it's important that you feel comfortable with them as a person as well as a source of financing. A good lender wants your repeat business and works hard to find the right loan for each transaction. They may even be able to help you locate potential investment properties. Finding a great lender is a crucial component for your ultimate success as a real estate investor, so choose carefully. (c) Copyright 2004, Jeanette J. Fisher. All rights reserved. Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm
MORE RESOURCES: The dreaded Zillow ban is finally here. Here's what you can do Business Insider Zillow’s now enforcing its listings ban: 3 things to know Real Estate News by RealEstateNews.com Alexandria Real Estate: The REIT That Nobody Seems To Want (But Maybe Should) (NYSE:ARE) Seeking Alpha Colorado mountain town real estate markets see surge of new listings, price drops — but is it a buyer’s market? SummitDaily.com Real estate transfers in Adams County from June 16-20, 2025 Muddy River News Post-Gazette journalists win national awards in coverage of real estate, religion Pittsburgh Post-Gazette NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES DECLARATION OF REGULAR MONTHLY DISTRIBUTION PR Newswire The Flathead’s Frozen Real Estate Market Begins to Thaw Flathead Beacon Alexandria Real Estate: Behind Fantastic Dividends, 3 Key Facts To Understand Its Resilience Seeking Alpha Unlocking Japan's Dormant Real Estate Potential: Marubeni and Dai-ichi Life's Bold Venture - AInvest Crow Holdings Capital: Specialty real estate surges as investors chase demographic-driven demand Private Equity Real Estate | PERE Egypt Sherrod Shares Heartbreaking News About HGTV's 'Married to Real Estate' Country Living Magazine Zillow readies for battle with Compass Real Estate News by RealEstateNews.com Nuveen: Leading the way in a changing real estate market Private Equity Real Estate | PERE The Face of Real Estate in West Sonoma County pacificsun.com NYLI CBRE Real Estate Fund Q1 2025 Commentary Seeking Alpha Here are businesses on the move in Marin, Solano and Sonoma counties The North Bay Business Journal 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Real Estate Transactions, June 30 edition Hopkinton Independent LaSalle on real estate: the world’s simplest, most complicated asset class Private Equity Real Estate | PERE Texas Employees commits $483 million to real estate, private equity, infrastructure Pensions & Investments Rockpoint: Back to basics: Real estate’s next chapter will demand local insight Private Equity Real Estate | PERE Two local real-estate firms merge to form Venture Fox Realty Group The Altamont Enterprise Seattle City Employees slates €60 million for European real estate fund Pensions & Investments Logistics and warehousing dominate Lehigh Valley commercial real estate market Lehigh Valley Business Hyatt to Sell Playa’s Real Estate Portfolio Daily Lodging Report Hyatt Is Selling Playa’s Real Estate for $2 Billion Caribbean Journal AXA IM names real estate heads for North America and Asia-Pacific Pensions & Investments In a gridlocked market, it’s time to take assumable loans seriously Real Estate News by RealEstateNews.com A Long, Winding Path to Selling Real Estate in the Hudson Valley The New York Times Real Estate: June 16 to June 20 Newport This Week Buyers and sellers win in this unique real estate market in the Valley Wet Mountain Tribune Real Estate Transfers: June 30, 2025 The Owensboro Times Hyatt to offload Playa real estate, remain operator HOTELS Magazine Rosa Hawes, trailblazing Dayton real estate pioneer, civil rights advocate, dies at 94 Dayton Daily News NMPERA reveals $20m additional commitment to real estate fund Private Equity Real Estate | PERE Real estate tax deadline today Butler Eagle Apple spends $517 million on Bay Area real estate in a single week San Francisco Chronicle Neuberger Berman Real Estate Fund Maintains Steady Monthly Income With $0.0312 July Distribution Stock Titan HGTV cancels Atlanta-based show ‘Married to Real Estate,’ hosts say Atlanta News First Real Estate City of Oakland, CA (.gov) Black Opal Insurance Launches Investor-Focused Property Insurance Platform for Real Estate Pros Yahoo Finance Major Last-Mile Deal: Town Lane Acquires Massive 2.7M SF Industrial Portfolio in High-Growth Raleigh Market Stock Titan Radio Real Estate 6/28/25 My Bellingham Now Brooks Ballard International Real Estate Celebrates Transition, LGBTQ+ Owned Business of the Year Award Recognition Business Wire 20 Indispensable AI Tools for Real Estate Agents HousingWire Berkshire region real estate sales – June 27, 2025 The Berkshire Edge |
![]() |
![]() |
![]() |
RELATED ARTICLES
Real Estate: Choose a Realtor You Can Trust Today's volatile real estate market involves complex laws and fluctuating financial conditions. Maybe you've outgrown your first home; maybe you're in the process of turning over your fourth. The Sadness of Old Buildings From the book No Smooshing!For years, I've carried on a not-so-friendly debate with some of my artist friends from the West Coast about their ideas of what constitutes a good subject. We seem to be able to agree on certain things, like apples and oranges-and even certain landscapes. The Real Estate Market In Spain: Making Profits Out Of Sand The Real estate market in Spain keeps gaining momentum and is of a vital interest among overseas investors. Property prices in the country continue growing at rapid pace due to a sustainable development in many areas of the mainland and the islands. Buying Rental Property - Avoid Sellers Tricks Be careful when buying rental property. We stayed at a motel for a week one winter. Foreclosure Foreclosure under a mortgage requires a court ordered sale conducted by the sheriff or other court-appointed official. Foreclosure process is called judicial foreclosure. Real Estate Investing - "The Neighborhood Factor" Real estate investing can be a dream career when the process of buying and selling is mastered. The biggest challenge in real estate investing is not the money to get started or the availability of the product. How To Find An Experienced Monticello Illinois Realtor Finding a professional Monticello Realtor in Illinois is thebest way to find the perfect property or home. A licensedrealtor can assist you in locating the type of property youwant in the price range you desire. No More Estate Agent Fees Follow a few simple guidelines, and marketing your own home can be easy. And it will save you thousands. Real Estate Investing - Finding Cheap Houses Real estate investing expertise can certainly accommodate the luxury home market. In some ways, the upper end of the housing marketplace produces easier success than the lower end. Working With Your Real Estate Attorney Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate transaction will be handled legally and professionally. Home Staging Strategies Who are you preparing your home to sell to?You, as a home seller, have two initial choices.1. Secrets of Making Money from Real Estate - Part 5 Where to from here:One property is great, but It wont make you very wealthy. Below is the expansionary model of what I think a good real estate portfolio should look like. Realty Agents: Don't Ask Don't Tell? Real estate stories radiate from the water cooler and cocktail parties like a brush fire out of control. Like early stages of fires, real estate transactions start out manageable, but occasionally real estate consumers fan the flames because of inexperience, and some real estate agents misplace the water buckets. Directionals Move Properties One of the most effective and frequently overlooked methods of filling or selling a property is the use of directional arrow signs. I'm guilty of it myself, although usually I'm merely lazy instead of overlooking this great marketing technique. Selling Your Home: The Power of a Great Sales Flyer Even though its importance is often overlooked, a great sales flyer is one of the most effective tools for selling your house. Whether your home is listed with an agent or not, make sure that you have a dazzling flyer. Real Estate Investment - Why it is Big Business? When examining the different asset classes, real estate is generally far less volatile than shares and real estate tends to be the haven that investors flock to when other asset classes are suffering.It is true to say that investment properties can have many benefits in terms of building long-term wealth, but we must never forget that this wealth is not guaranteed!Following the global real estate boom of the late 1980's many investors learnt this hard lesson when they found their properties were worth far less than they had actually paid for them and the bottom seemingly fell out of the over-inflated market. Real Estate Investing: Sales and Negotiation Skills are Critical Do you want to build wealth through real estate? You need expertise in two critical areas: specific investment strategies and sales and negotiation skills. But if knowing how to identify good deals is what's really important about investing in real estate, why do investors need to worry about their sales and negotiation skills?"Knowing how to identify good deals is certainly a critical part of real estate investing, but it's not the only part," says Russ Whitney, internationally recognized real estate expert and bestselling author of Millionaire Real Estate Mentor (Dearborn Trade Publishing). Investment Real Estate Done Right -- Your Quickest and Safest Path to Wealth In investment real estate the quickest way to wealth is through owner financing, or lease optioning. So, let's take a look at one model transaction, involving the purchase and sale of two properties on lease-option contracts so you an apply it to your own investment real estate system. Real Estate: Financial Considerations $$$ Raw land as opposed to improved property is much more difficult to finance through traditional lenders. The main reasons are that it generates very little income, development costs can be expensive, there are no buildings or improvements that can be used as collateral, and it is often considered speculative. Probate & Obituary Marketing I start my marketing with obituaries followed with probate filings and find it just another effective way to acquire property.Short of courthouse research you can go to your local library and go to the reference department and research using what is called a Polk City directory that will list if the deceased party owns real estate. ![]() |
home | site map |
© 2006 TIGER MEDIA |