Financing Your First Real Estate Deal: How to Pitch Your New Business to BanksWould you lend to two recent college graduates who formed a partnership to invest in real estate, with little starting capital, and no business or real estate background? Just a few short years ago I was one of those college grads, eager to get my real estate investing company off the ground, and as you can imagine, securing financing to purchase our first investment property was a major hurdle. The housing collapse … [Read more...]
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Financing Your First Real Estate Deal: How to Pitch Your New Business to Banks
Filed Under: News Tagged With: bank, banking, banks, beginner, bigger pockets, borrowing, business, business people, business plans, capital, Community Banks, economic history of the united states, finance, financing, first deal, first real estate, funding, how to pitch, lenders, new business, pitches, real estate, real estate background, Real Estate Investing, Starting Out, subprime crisis background information, subprime crisis impact timeline, subprime mortgage crisis
Buying Bank REO Investment Properties And Their Challenges
Buying Bank REO Investment Properties And Their ChallengesIt's true that "Banks have hundreds of foreclosure properties, and they are very motivated to sell, and will take pennies on the dollar. Often times they will even finance them for little to no money down.” Sounds great, doesn’t it? Chances are you’ve probably heard something similar and thought to yourself, “If it’s this easy, why doesn’t everyone buy properties this way?”Now, I’m not here to tell you that you can’t … [Read more...]
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Why Short Sale Discounts are Growing & The Best Banks for Bargains
Why Short Sale Discounts are Growing & The Best Banks for BargainsThe discounts on distress sales are critical for investors. Discounts− the price differences between “normal,” full value properties and a distress sales like foreclosures or short sales−set the parameters for capital gains when a property is sold, especially in markets with modest price appreciation. All things being equal, the greater the discount the greater the potential gain.Discounts for foreclosures versus … [Read more...]