Author Archives: Tim

Rent with Option or Land Contract?

Posted on December 2, 2012 by Tim

ShareTweet The answer lies in your own personal needs. Both are suitable means of helping a buyer into your property, but each has advantages depending upon your goals.  Lets explore the structure of each, then your choice will be clear. … Continue reading →

Posted in Financing, Investing, Real Estate | Tagged land contract, real estate financing, rent with option, seller financing, wrap around mortgage | Leave a comment

5 Best Rehab Opportunities

Posted on September 23, 2012 by Tim

ShareTweet Making money is about solving problems!  The top 5 most profitable problems are easy to spot and can make you thousands! When i buy a rehab project to flip I look for very specific issues.  Most of the time they … Continue reading →

Posted in Free Tips, Investing, Real Estate | Tagged best flips, best opportunities to buy, house flipping, how to find the best flips. | Leave a comment

The Problem with Cash

Posted on September 22, 2012 by Tim

ShareTweet New federal laws require every lender to document every dollar that moves into your account to thwart money laundering and assist the feds to catch the bad guys.  What in the world, you may ask, does that have to … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged Cash deposits, closing costs., down payments, loans, Mortgages, originate, purchase, refinance, reserves | Leave a comment

What Does My Broker Need Me to Bring?

Posted on September 22, 2012 by Tim

ShareTweet Every lender must research and document three things to determine your eligibility and interest rate. Income, credit and collateral.  Your identity must also be verified according to the Patriot Act.  Every docuement required falls into those three categories so … Continue reading →

Posted in Real Estate | Tagged documents to bring, real estate financing, what paper work do i need, What to bring | Leave a comment

What Documentation Will I Need?

Posted on May 12, 2012 by Tim

ShareTweet It’s never “good enough” for me to know WHAT I need to provide to someone, I need to know WHY I’m providing it.  Everyone’s situation is different, so the documentation may look different for every borrower.  Let’s break it … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged advice, best interest rate, documentation, FHA, Low rates, Mortgages, real estate, What to bring | Leave a comment

Do I Really Need Title Insurance?

Posted on April 22, 2012 by Tim

ShareTweet Borrowers ask me this question all the time. The resounding answer is maybe. First let’s talk about what it is and what it does. Title insurance insures the beneficiary that no liens exist except those specifically mentioned and detailed … Continue reading →

Posted in Free Tips, New Borrower, Real Estate | Tagged foreclosure, insurance, investing, Morgage, real estate., title insurance | Leave a comment

Seller Concessions? What Are They & How Do I Calculate Them?

Posted on March 26, 2012 by Tim

ShareTweet Seller concessions help people buy homes!  The name implies that the Seller actually pays the buyer or makes a concession in the purchase price to benefit the buyer.  In essence that is true, but in reality the Seller isn’t … Continue reading →

Posted in Financing, Free Tips, Real Estate | Tagged how to calculate seller concessions, mortgage broker expertise, real estate, real estate math, seller concession | Leave a comment

Still Building in January!

Posted on January 25, 2012 by Tim

ShareTweet Wow!  It doesn’t happen often, but this year builders are still in the game.  We are breaking ground tomorrow, January 25th on a new construction modular on a spot lot we bought a while ago.  Most years we are … Continue reading →

Posted in Investing, Real Estate | Tagged Real Estate development | Leave a comment

Broker or Banker?

Posted on January 23, 2012 by Tim

ShareTweet Brokers offer more choices for the consumer as well as a much higher level of expertise.  Our entire economic system is built on competition and consumer choice so let’s look at what each has to offer and I believe … Continue reading →

Posted in Financing, Free Tips | Tagged best interest rates, broker, mortgage broker, real estate agent, wholesale interest rates | Leave a comment

It’s Just Math

Posted on January 22, 2012 by Tim

ShareTweet How do I choose an interest Rate?  First, it important to know that every rate offered for a specific product has a cost attached to it.  That cost is usually expressed as a number above or below 100.  For … Continue reading →

Posted in Financing, Free Tips, New Borrower, Real Estate | Tagged how to choose your interest rate., interest rate, lender credit, yield spread premium | Leave a comment