What You Need When Applying for Financing
Being prepared before meeting with your Mortgage Broker or Lender to complete a financing application can make the process more efficient and less stressful. Use this document as a guide to begin preparing your personal documents for your financing application. Note: This checklist is a general guide only. Each party…View More
Determine Your Investor Profile
An Investor Profile defines the type of investor you are based your individual circumstances and preferences. Each investor’s profile is unique with a number of factors that influence it. Factors that Affect your Decision: Time, Cash Flow & Liquidity 1. Amount of time you have available to execute…View More
Determine Your Affordability
For institutional financing to be an option, you need to know what you can afford. There are several tools online that will help you. You should also work with your mortgage broker to determine your affordability. What Can You Afford? By entering your annual income, monthly debts, your down…View More
Qualifying a Mortgage Broker
Last week, Jason shared qualifying scripts to help find an investor savvy Realtor and Home Inspector. When funding a property, the most important ally you can have on your team is an independent Mortgage Broker. An experienced Mortgage Broker can offer so much more than your standard bank…View More
Seller Financing and You!
You may have heard the terms “Seller Financing” or “Vendor Take-Back” (VTB) used when discussing investing strategies, but what does it mean? Put simply, it’s when the person selling the property assists with some or all of the mortgage, so the seller essentially becomes your bank. Yes, you…View More
Key Borrowing Rules Successful Investors Should Follow
When it comes to borrowing, ensure you are setting yourself up to be successful for many years to come by following these important rules. 1. Seek to maximize access to capital 2. Minimize monthly payments to build future qualification 3. Never waste an easy approval Calum Ross is an…View More
Lease to Own Strategy – A Case Study
Lease to Own is a great strategy to use as an investor. Usually this is done when you are looking for a larger ROI, but you’re not in a rush. Giving the tenant the option to buy helps you find a tenant-buyer who is motivated by the money…View More
Preparing to Purchase a Property – What You NEED!
Proper planning for purchasing a property: paperwork. Say that three times fast! When purchasing an income property, our first thoughts usually revolve around purchase price, after repair value, and rental rates, but there are a number of other nuances we need to keep in mind when purchasing a property…View More
The Power of Private Lending
One of the biggest obstacles Real Estate Investors will have is lack of capital. I have helped many investors over the years solve this problem through private lending. As a private money lender, I offer a solution for investors by providing financing for their real estate projects and obtain…View More
Stop Asking for Money…Do This Instead!
Scott here! You don’t have to be able to “afford” a property to be a real estate investor, you need to be able to come up with the cash. Be an opportunity maker. Present the opportunities to the people who have the money. If you can do this……View More