Completing The BRRRR Strategy, What To Expect On The Refinance If you have been following my blog series, you know we’ve already discussed a multitude of various items in term of lending and what it looks like. Most recently we laid out a case study breaking down how the right asset-based loan can work and enhance your ability to buy and renovate your investment property. “Hard Money vs Private Money”walked through Jim’s four-month journey and the importance of finding the correct lending
Real Estate Investing
Hard Money Loan vs Private Money Loan: Understanding the Difference
Hard Money vs. Private Money – And Why Do I Need It? The investor world is full of terms, acronyms, and slangs, and they aren’t always easy to decipher. These terms are thrown around and can be misconstrued. Over time these words get bent and reshaped to mean multiple things – kind of like the game telephone we played as kids. A big example is the blanket term Hard Money Financing. Over the last few years, hard money has become the catchall term when there are any funds that bridge the gap
Cashed Out Investment Property? Here’s How to Retrieve Your Money
Delayed Financing As an Investor Specialist in the lending world, we are often asked “how can I purchase investment properties without utilizing Private/hard money loans?” Our short answer is “private money loans are the best way to purchase investment real estate.” In all seriousness, there is another route that can save you a lot of money and help you close more deals with lower closing costs, which is what is referred to as Delayed Financing. What is Delayed Financing? Delayed
E-Recording Home Closings: Importance and Benefits You Should Know
One of the most important things after you close on a home is making sure you record items like a Deed of Trust of Assignment of Rents, almost immediately. This lets the state and county know that you are the owner of said property. A decade ago, you would have had to drive to the courthouse, locate the recording division, and wait for someone to assist you in recording your document. Not to mention you would need a check to go along with the number of pages you are filing. But these days you
Accessing Your Investment Property’s Equity: A Guide for Investors
We know as investors, you probably have a lot of questions. That’s why the Blink team is here to help, bringing decades of experience to the table to help answer your most burning questions. Like this one below: Investor Question: We just finished rehabbing our 1st investment property and we’re considering cashing out the equity we’ve built up. Is this something we can do and if so, how much money can we borrow? Lender Answer: Congratulations on completing your
Investment Home vs Primary Home: How It Affects Your Mortgage Options
At Blink, we pride ourselves on being available 24/7 to answer questions for Real Estate Investors, whether seasoned pros at investing or brand-new investors with unique questions. We recently got this question, and in 17 years in the business, I think this was a first, yet a very important question, so read up. Question 1: How does purchasing an investment home before purchasing my primary home impact my primary home loan options? Answer: In short, this likely won’t affect you.
