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Portrait of a pre-foreclosure peacemaker

Housing Wire

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

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Can you buy a home with plans to rent on Airbnb?

Housing Wire

Considering the median mortgage payment sits around $1,100, that’s a pretty big chunk of change to be bringing in. The differences between FHA, VA, and USDA mortgages. If you plan to use the property as an investment (you’ll have to indicate so on your loan application), then you could face more stringent qualifying requirements.

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How to vet private money lenders for real estate investing

Housing Wire

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. The problem with private money lenders is that good ones are hard to come by.

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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest.

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How to Buy a Preforeclosure Home in 9 Steps

The Close

I’ll walk you through everything from figuring out if this strategy suits you to finding listings and ultimately closing the deal on the property. Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. What Is a Preforeclosure Property?

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How to Buy a Multifamily Property in 10 Steps

The Close

Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs. That will get you more money to purchase and renovate a multifamily property.

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Hard Money Lenders Colorado Springs: Fast Financing Solutions

HomeLight

If you’re considering a hard money loan for your next property acquisition in Colorado Springs, you’re in the right place. This guide will walk you through everything you need to know about hard money lenders in Colorado Springs, from understanding what they are to exploring your best options.