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Money Lender Real Estate – Financing Options For Investors
March 3rd, 2012 | 
Author: money lender real estate financing is also used by investors to purchase commercial properties or realty intended for house flipping. Investors sometimes use this type of financing to buy properties that are not in marketable condition because this type of realty does not qualify for conventional financing through banks.
Hard money loans are referred to as ‘bridge financing’ because they bridge the gap for individuals who do not qualify for funding through a mortgage lender. Bridge loans can be used in addition to conventional loans and are often used with seller carry back financing.
Seller carry back is a lending option that helps individuals buy real estate by combining bridge loans with conventional mortgage loans. The property owner provides a portion of financing for one to two years and the balance is financed through a bank, credit union or mortgage lender.
For example, the Seller lists his property at $250,000 and offers to carry back 40-percent financing, or $100,000. The buyer obtains a conventional home mortgage loan for $150,000. The buyer has two mortgages against the property. The bank carries the first mortgage and the seller carries the second mortgage. Carry back financing is generally limited to 70-percent maximum of the property’s current market value.
Interest rates applied to bridge loans are substantially higher than interest applied to conventional home loans. Private financing interest rates are regulated by state usury laws. On average, bridge loans are charged an interest rate of 11- to 21-percent. At present, Florida has the highest usury rate which is capped at 25-percent.
Seller carry back real estate contracts often include default clauses which allow sellers to increase interest rates if borrowers become delinquent with loan payments or default on the loan and enter into foreclosure. Default interest rates can soar as high as 29-percent. Buyers can determine maximum hard money loan interest rates at UsuryLaw.com.
The amount of interest charged with bridge loans can vary depending on the amount of borrowed funds, as well as the funding source. Private real estate investors generally charge a lower interest rate than investment groups. Hard money loans for residential property typically carry a higher rate of interest than commercial property loans.
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Real estate agents
As a new Ontario real estate agent, Licensee, you may want to consider taking it slow before you jump in and incur all kinds of expenses right off the start. It may prove you well to initially join an Ontario realty Brokerage firm that will allow you to hold your registration or license there with them at a low cost before deciding to go full out with a franchise Brokerage or any other Firm that provides all the services that you will eventually require in your career. In the real estate Brokerage world this is also known or referred to as “park your license” or “hold it active” with a non board member Brokerage in Ontario.
Park your license and holding it active does not only apply to new Ontario real estate agents. There are Brokerages out there that provide this “parking” or “holding” real estate licenses for all registrants including Brokers, associate Brokers, Realtor, sales rep’s, husband and wife real estate teams where there are 2 licenses active etc etc.
If you had previously done your homework and have already selected the Ontario Brokerage you wish to join and be employed by, then great, jump in with gusto and make it happen. For the many new real estate graduates out there, taking the slow road may be a better way to ensure you make the right decisions for yourself. It is amazing how many well intentioned people decided to become a real estate agent in Ontario with a long term career in mind only to have that dream cut short. The expenses that will be introduced to you in this field can be shocking especially if it takes a while before you notice some commissions coming in.
Give yourself a fighting chance. It really is a great business to be in right into your later years. Your just around the corner from receiving that certificate (real estate license) in the mail that you have worked so hard for. Shop around for that Brokerage and interview at least 3-5 Offices/Firms. Jump in with a full service real estate Brokerage with full real estate board membership or park your license for a while and take your time doing your due diligence. The choice is yours.
Benefits of Commercial Real Estate
1.) The great thing about commercial real estate is you can make money from this type of investment in many different ways. You have the ability to purchase the property, gain equity and then turn around and profit on the sale. You can also rent or lease the property to obtain and sustain a monthly rental income. It is even viable to purchase an office building and run your own business from the property. If the building contains multiple floors or offices, these portions can be leased or rented out.
2.) Investing in Commercial real estate is a great way to add additional properties to your investment portfolio. A lot of times investors forget that there are opportunities outside of the residential real estate market. Having commercial investments adds some variety and options for your portfolio. Commercial real estate properties can be range from apartment properties to office buildings.
3.) There is commercial real estate available in almost every area, and there is more than you might think. It is important to keep your options open and consider every investment that comes your way. Commercial real estate may not be as easy to find, but it can be a great investment.
There are many benefits to getting into commercial real estate, a lot more than I have mentioned here. It is important to consider this type of investment even if it is not part of your current plan. Like with any type of investing, it is very important to gain as much knowledge as you can before making those tough decisions about what to invest in. If possible attend seminars, gain knowledge through the Internet, books, and contact a real estate agent who primarily deals with commercial real estate.
Commercial Real Estate Signboards Strategy – 10 Key Tips
When you start to build your brand you should regard it as an ongoing task that will not stop. The bigger your personal brand, the better things will be for you.
It sounds simple as a base concept in territory management and selling real estate. However such a principle needs to be stated again here as it is overlooked by so many. In absolutely all respects your success in real estate sales is almost totally up to you and how you market yourself.
So now let’s go back to the point of putting lots of signboards into your real estate market. Here are the rules to the process:
- Getting them placed on properties located on main roads is very important as it will give you free advertising.
- The signs have to be of similar branding and colour to build consistency and image.
- Always put your name on the sign boards and include a mobile phone number for out of hours contact.
- Keep the signboards free of graffiti as that will send the wrong message to the other vendors in the area.
- Within reason use the maximum signboard size that the local council will let you use.
- Put some property reference number on the sign so the person calling can easily identify the property to you.
- The sign has to be located in the best position on the property so it is seen by passing people and traffic.
- Make sure the sign is secure so you do not have a damages claim from a falling sign.
- If possible use a photo sign that features your photograph as well as some photo from the property. This will also help with your personal branding.
- When something is sold or leased, make sure you get a label placed on the existing sign so the market knows of your success.
When correctly approached your signboard strategy can go a long way to helping you build market share for your real estate office and you personally. That signboard will attract more listings and inquiries your way. A very good outcome when you work on commission.
How to Hire a Mover
Even though the Internet has indeed made life a lot easier today by connecting everybody no matter where they are, it isn’t really something you should be depending on when you hire a mover in Houston. It may be easy to find tons of moving companies all claiming to offer the best prices and great service, the Internet is a place where scams and tricks can be easily disguised.
So how do you hire a mover without touching your computer? Much as it is tempting to find movers online with a few clicks of the mouse, you are better off by calling instead. Dig out your phonebook and call your local estate agents to find out about the moving companies available in your area and do a quick background check on them to make sure that they are reliable.
Ask about the rates, and arrange an appointment for the moving company to give you an estimate. Ask the movers if you have any questions on insurance coverage and under what conditions will they be responsible for any damage that may occur to your belongings. If you choose to leave your items for your movers to pack, the price will most probably be affected as well.
Once you have gotten estimated quotes from the different moving companies, compare them. A little comparison shopping can actually save you a lot of money, as the rates given by different movers may vary a lot. Many people who simply choose to hire the first moving company they see often end up overpaying for their services and regretting later.
Lastly, bear in mind that your final payment should only be made after all your belongings have been received and reviewed for any possible damages. Also make sure you have the driver’s phone number in case of anything.
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