As a mortgage loan consultant, I have learned to capture my investors’ attention by announcing that I used to be able to get them a 100% loan for a non-owner occupied property. When that was true, I tried to explain to them that 100% financing may not be the best financial structure for cash flow. The thought of getting into a property with no money down is very enticing and there are many ways to Read More
Is seller financing dead because of Dodd Frank? Do you now have to be a licensed mortgage loan office to seller finance a property? Can you finance more than 3 properties as an investor? Many real estate investors think that the regulation called Dodd Frank which takes effect January 10th, 2014 will eliminate seller financing as we know it. I have been researching this and found a very knowledgeable attorney named Clint Coons from Read More
The ultimate objective for a Filthy Riches student is to hold onto your note after buying and then reselling a piece of property. After all, the real money starts to come in on the second year of the note, and you keep making money throughout its duration without any additional investment on that property. Consider this. You find a $30,000 dog with fleas home that just won’t move in this real estate market. Believe it Read More