Loans

Washington, D.C., United States (AHN) – Indian diaspora on the East coast was treated to a visual display of real estate investment opportunities at a gala dinner featuring finished and planned projects by New York based Ireo on Saturday in Vienna, Virginia.

“If you are interested in real estate space in India, be it for yourself – your family – or simply an investment, there is no better place to put your money then with Ireo,” Vijay Amritraj, international tennis legend and former United Nations Ambassador told AHN on the sidelines of the glittering show.

Answering, “Why should I mess (read: invest) in India – when I live here?” the core question of Indian Americans settled in the United States, Anjali Grover, of Ireo, told the select audience of rich and famous gathered at the “Bombay Tandoor Restaurant,” that the projects, some of which are completed, some are in the building stage while others are on the architects’ drawing tables, are all on par with the American standards in quality and safety.

Sitting in the United States, the investor can use easy means to invest and own or sell later with Ireo providing personalized services all the way, she added.

View full post on Economy, Business And Finance Stories

With the commercial real estate sector’s vital signs stabilizing, indexes of real estate investment trusts have posted big gains this year

View full post on Finance Stories

photo credit: Graffiti By Numbers

I recently wrote an article about the the best ways to raise private money for real estate Investors where I laid out the top 4 ways to raise private money to grow and develop your real estate investing business. One of the top 4 ways we use and teach to our students is to use group presentations.

A private lending group presentation involves getting 5 to 20 people into a room and doing a presentation where you lay out the details and benefits of your private lending program. This may not be for everyone depending on your comfort level of talking in front of groups, but the advantages of group meetings are very powerful. When people start to ask questions and tell positive stories, a certain level of group think starts to take effect and can be very powerful on the attendees.

We teach our students to focus on the preplanning and marketing, presentation materials and post-meeting follow up as the key to conducting a successful meeting and getting people to invest in your business.

Preplanning and Marketing – We put preplanning and marketing together because they must be done together. (more…)

photo credit: badjonni

One of my newsletter members recently asked if using a list broker was a good source of marketing leads to attract private lenders and, if so, how is it done. The answer is yes but with several precautions.

Precautions

It is important to understand that I strongly recommend that marketing for private lenders is done on a local and low key way. I do not recommend any sort of website advertising or newspaper advertising because it can be viewed as a solicitation to an unsophisticated investor and attract calls from your state’s SEC. You do not want one of these calls!

The SEC and state authorities monitor Craig’s List and other similar bulletin boards for people doing unauthorized advertising for private lenders. (more…)

photo credit: ericskiff

First – Determine how much money you need to acquire a certain property and be sure to include the purchase price, closing cost and complete renovation costs. If you do not know the renovation cost be sure to make your best estimate so you do not leave these out.

Second – Start to market for private lenders. Make a point to tell everyone you know and meet “that you investing in discounted real estate investments and are looking for investors.” Show your potential private lenders how to start investing passively in investment real estate. You can also use other marketing strategies such as sending out post cards to wealthy people or putting up flyers in 55+ communities.

Third – You will need to create a presentation kit to educate your potential private lenders to the power and security of investing in discounted real estate. Essentially, position them as “the Bank.” (more…)

photo credit: Mike Licht, NotionsCapital.com

If you have tried to get a traditional mortgage, or even a hard money loan, to finance your real estate investments you know how hard it is to get loans in today’s post-credit bubble market. It is even harder to get “no money down” loans for your real estate investing business. If you are using traditional mortgage or hard money loans they can take two or three months to close. The problem you will quickly discover is that sellers are not willing to wait that long and get angry at having to continuously extend their contracts or wait for your loan approval.

Banks and mortgage lenders view mortgage loans to real estate investors as a higher risk than loans to home owners. They believe if the home owner is not living in the property and if trouble hits an investor will opt to pay their own home mortgage first and only pay for the investment loan if they can afford to make the payments. This puts the bank in a very poor position. As a result, most banks are looking for real estate investors to put up 30% to 50% down payment to protect their interest in time of trouble. VERY few investors have this kind of cash so it is very difficult or impossible to do deals with traditional mortgage or hard money loans. (more…)

photo credit: epicharmus

f you are a real estate investor and need funds to finance your real estate deals, or are looking for money to cash out of deals, there is really only ONE option in today’s market conditions. That option is a private lending program where you allow private individuals who have extra money to invest in your real estate investing business.

But with the current popularity of private lending, we are seeing our coaching students and subscribers making a number of mistakes and thought we would highlight the top 4 mistakes and what to do to avoid them when borrowing money from private lenders. (more…)

Any first home buyer is at a great disadvantage seeking a mortgage if time is not taken to understand all the necessary aspects toward obtaining a loan successfully. To find the most favourable deal possible, it is important for a first home buyer to do a good deal of investigation and research that will provide them with the necessary knowledge to make an informed decision. Although a first home buyer can call upon the experience and knowledge a professional broker provides, it is still dependent upon the consumer to do some self educating as well.

Preparation in Advance

Securing a mortgage for a first home buyer starts many years before actually needing to buy a home. A first home buyer has to be as attractive a prospect as possible to make sure that this very important loan is approved. In order to be as attractive to lenders as possible, a first home buyer must establish and maintain a positive credit rating in the mid 700s, or higher, to even be considered by a mortgage lender. Establishing rotating credit accounts such as credit card, petrol and retail store accounts and paying these on time will help to establish credit worthiness. Living a product life as an ideal credit consumer will prepare a first home buyer for mortgage approval when the time arrives to buy a home.

Down Payment Always Needed

Unless you have financed, sold and financed a home more than once, expect to be required to make a down payment anywhere from 10 to 20 percent of the total home purchase. While preparing for that time to come, conducting positive personal finance management will provide a first home buyer with the necessary history mortgage lenders seek.

Deciding What Can Be Affordable

Mortgage lending decisi0ons for first home buyers take into consideration examination of all personal finances to determine the amount of monthly repayments a consumer can afford. A good rule of thumb is a monthly mortgage repayment, insurance and taxes should not be more than what a first home buyer experiences paying rent. Since other monthly expenses such as utility, food, transportation and other living expenses may not change drastically, assuming a mortgage repayment should be possible if it does not exceed a current rent payment.

Seek Pre-Approval

All first home buyers should seek mortgage pre-approval prior to searching for a house. This allows a consumer the opportunity to start a process toward home purchase by allowing the lender to examine personal credit worthiness establishing a pre-approved purchase amount. Let the amount the lending institution is willing to “risk” on a first home buyer direct the house search. If that number is not sufficient, certain actions such as coming up with an additional down payment may be necessary to qualify for a larger amount.

Motivation for Action

Any first home buyer that has a pre-approval from a lending institution can engage the services of a real estate professional who has a firm understanding off the financial limits that will direct what properties are show, Buying a house is an important step so spending time looking at properties that a first home buyer cannot afford is wasteful.

Although many first home buyers are looking for that “dream” home, choice may be limited in reference to size, type and place for that very first real estate purchase.

Austral Mortgage offers competitive mortgage rates for both residential and commercial loans. We also provide easy to use mortgage calculators

to help you take some of the guesswork out of your home loan and investment decisions. Check out our special First Home Buyer, debt consolidation and investment loan. Investment loan specialists – ask us how

to structure your investment loan – better manage your investment cash flow – save on interest and costs – stay updated on tax decisions

relevant to investment loans – build wealth. Especially if you are a first home buyer, we have

one of the most competitive rates on the market.

Article Source:http://www.articlesbase.com/loans-articles/first-home-buyer-needs-self-education-1348329.html

photo credit: lumaxart

Recently I wrote an article about the 4 Ways to Raise Private Money for Real Estate Investors where I laid out the top 4 ways to raise Private Money to grow and develop your real estate investing business. One of the 4 ways we use and teach to our students is one-on-one breakfast meetings.

If you are not comfortable with group meetings – one-on-one breakfast meetings are a great alternative. I generally recommend a breakfast meeting in a quiet restaurant where you can have 30 to 45 minutes of time with your prospect. At these meetings you need to lay out your private lending program and benefits of investing with your company. (more…)

photo credit: lumaxart

Real estate money and access to quick cash is the key for any real estate investor. Having cash to buy properties is the life blood of your investment business. But where does this money come from in the post-credit bubble market place?

Real estate investors are looking for better financing options as the old traditional sources of money are becoming more difficult to find and qualify for than in the past.

Here is a quick look at some of the traditional sources of real estate capital and the pros and cons of each and a new and better source of money in this market place. (more…)