Inside Guide to Funding Real Estate Investments
How to Get the Money You Need for the Property You Want
Häftad, Engelska, 2018
319 kr
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Fri frakt för medlemmar vid köp för minst 249 kr.Great financing is the holy grail of real estate--with the power to make or break the deal. Learn how to get the money you need for the property you need.Whether you are brokering your first deal or your fiftieth, finding the right financing for that specific situation can be the most important challenge you face. However, you can find nearly unlimited supplies of funding for all your real estate deals if you know where to lookThe Inside Guide to Funding Real Estate Investments introduces you to the range of options available--from traditional mortgages and asset-based loans to crowdfunding and private money--and provides an inside look into the loan process as a whole and how lenders think through different scenarios. Learn all there is to know about:What lenders are looking forHow to close with confidenceHow to maintain sufficient liquidityHow to protect your credit position for future dealsWhat to do when deals go southWhether you’re planning to fix and flip or buy and hold, you can rest confidently that you are in prime position to not only avoid costly borrowing mistakes but also be set up for real estate success beyond what you thought possible with The Inside Guide to Funding Real Estate Investments by your side.
Produktinformation
- Utgivningsdatum2018-03-06
- Mått151 x 230 x 20 mm
- Vikt271 g
- FormatHäftad
- SpråkEngelska
- Antal sidor240
- FörlagHarperCollins Focus
- ISBN9780814438855
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ROSS HAMILTON is Founder and CEO of ConnectedInvestors.com,an on line platform that connects real estate investors with funding sources, property resources, and more.
- CONTENTS Forewordxv Introductionxvii 1. The Big Picture of Real Estate Investing1 The Vehicle and Strategy1 Three Common Real Estate Investment Exit Strategies2 More About Exit Strategies5 A Path to Success6 2. An Overview of Funding Options9 Traditional Mortgage Lending 10 Asset-Based Loans 10 Private Money Loans11 Crowdfunding11 3. An Introduction to Asset-Based Loans13 Is Asset-Based Lending What You Need?13 The Good, the Bad, the Ugly, and the Facts of Working with Asset-Based Lenders15 4. An Introduction to Hard Money Lenders 17 Can Hard Money Lenders Be a Good Source of Funding for You?17 Who Uses Hard Money Loans? 18 5. What You Need to Know About Private Money Lenders21 Can Private Money Lenders Be the Answer for You? 21 Who They Are21 Two Types of Private Money Lenders22 How to Find Private Money Lenders24 What Lenders Want24 The Importance of Relationships 25 The Benefits of Private Money 26 6. How to Take the Mystery Out of Private Money29 Is It Really Possible to Borrow from Private Individuals?29 The Components of a Private Money Loan 30 A Sample Deal31 Putting It on Paper 32 7. Thinking of Crowdfunding Your Deal?35 The Basics You Need to Know 35 The Basic Model36 When Does It Make Sense to Crowdfund a Deal? 37 What About Debt vs. Equity? 38 The Cost to Raise Capital Through a Crowdfunding Platform38 8. The New Kid on the Block: Crowdfunding41 Is Crowdfunding a Good Option for You? 41 Why Do It? 42 How to Participate in a Crowdfunded Property43 When Are Returns Received?43 How Do Investors Earn Returns?43 Due Diligence44 9. Partnering to Get the Funds You Need 47 When Should Property Investors Consider a Partner to Obtain More Funding?47 Real Estate Partnerships 101 47 Advantages of Partnering Up 48 Potential Cons of Partnering Up48 Smart Times to Partner Up49 Who Can Investors Partner With?49 What and Who to Avoid When Pitching Potential Partners for Money50 How to Make It Work51 10. Using Banks to Fund Real Estate Investments 53 Are Banks and Traditional Lenders a Viable Option?53 What It Takes to Fund Investment Property54 Why Traditional Lenders Have Turned Away from Funding Investors55 Pros and Cons56 Alternative Strategy58 11. How to Find Asset-Based Lenders61 Who Makes Asset-Based Loans?61 The Traditional Method of Finding Asset-Based Lenders62 The New Way to Find Asset-Based Loans63 12. Inside the Mind of Asset-Based Lenders65 What Do You Need to Know to Get Your Deal Funded?65 The Six C's66 What Scares Lenders Away?67 What If You Can't Repay?68 What's Your Next Step?68 13. Asset-Based Lenders: A Peek at Their Cards71 What More Do You Need to Know About How They Operate?71 How Asset-Based Lenders Make Money and How It Works to Fund Your Deal71 Key Areas Where Asset-Based Lenders and Their Capital Partners Make Money72 14. Dealing with Down Payments 75 Five Ways to Secure a Down Payment for Real Estate Investment 76 15. The Dirty Truth About Some Real Estate Lenders 79 Are You Ready for the Truth? 79 The Unstoppable Money Machine 79 Eight Common Lender Scams 80 Overpromise and Underdeliver 82 Tips for Finding Lenders You Can Trust 83 16. Hard Money Lender Scams and How to Avoid Them 85 Fees 85 Johnny Come Lately 86 17. How to Successfully Get Funded as a New Investor 89 Specific Challenges Facing Newer Real Estate Investors 89 What to Look for in a Real Estate Lender 90 How to Improve Your Funding Success as a New Investor 91 18. How to Land the Best Loans for Your Deals 93 Finding the Best Financing for Investment Property 93 What's So Important About Finding the Right Loan? 93 How to Match Loans and Lenders to Your Needs 94 Financing a Real Estate Investment Using Different Real Estate Strategies 95 Comparing Loans for Your Real Estate Deals 97 Quick Tips for Quickly Homing in on the Best Loan Programs97 19. Is Your Baby Ugly? 99 The Due Diligence Steps Every Real Estate Investor Should Take 99 Everyone Thinks Their Baby Is Beautiful 99 How to Screen for Money Makers 100 Rules of Thumb 101 Confirming Property Values 102 Is There a Lender for This Deal? 105 20. Estimating Your Project's Costs 107 How Much Is Your Property Renovation Project Going to Cost? 107 Knowing Your Customer and Your Exit Strategy 107 Inspecting and Evaluating the Property 108 General Rules of Thumb 109 Avoiding the Traps 110 Funding and the Numbers Game 112 The Scope of Work 113 Tales from the Trenches 113 Collaborating with Partners 114 Coordinating Contractors 114 Running Out of Money 114 Seven Steps to Your Scope of Work 115 21. The Time Value of Money 117 Don't Underestimate the Value of Your Time 117 The Time Value of Money 118 22. What Every Investor Needs to Know About Terms, Cash Flow, and Formulas 121 Do You Know What You Don't Know? 121 MAO or the 70 Percent Rule 121 The Wholesaler's Formulas 122 An Alternative to the 70 Percent Rule for Flippers 123 Net Operating Income 124 23. The Hole Poker: The Devil's Advocate 129 An Important Part of Your Real Estate Investment Team129 Emotional vs. Fact-Based Real Estate Investment 129 The Value of Second Opinions for Funding 131 The Hole Poker 131 Where to Find a Good Hole Poker 132 How to Get a Great Hole Poker to Help You 133 Knowing When to Go Your Own Way 133 24. Next! Know When to Walk Away from a Real Estate Deal 135 The Bite Test 135 Taking a Hit 137 Living to Fight Another Day 138 Plenty of Fish in the Sea 138 25. Dealing with Detours 139 The Power of Plan B 139 Ten Detours to Take When Things Don't Go as Planned 139 Important Considerations for a Successful Venture 140 26. What Comes First? The Deal or the Dollars? 141 Getting Ready to Be Ready 141 Putting the Horse Before the Cart 141 Finding the Right Funding Sources for Your Deals 142 What You Need to Get Going 144 27. Preparing to Get Your Loan Funded 147 Failing to Plan Is Planning to Fail 147 Planning for Success 147 What You Need to Fund Your Deal 148 Mortgage Forms and Documents 149 Scope of Work 150 Closing Documents 150 Quick Tips for Setting Up a Smooth Funding Process 150 28. Who to Take with You 153 The Real Estate Professionals You Need to Close the Deal 153 Seven Real Estate Pros to Have on Your Side 153 29. Estimating Your Time of Arrival : How Long Does It Take to Fund and Close a Real Estate Deal? And What Can Real Estate Investors Do to Streamline the Process?157 How Long Will It Take to Close? 157 Steps Involved in Closing a Real Estate Deal 158 Things That Will Slow You Down 159 When You Close--Watch the Calendar 160 Three Roadblocks to Watch For 160 Preparing for Closing Day 161 30. Avoiding Costly Borrowing Mistakes 163 Understanding the Underlying Costs of Funding 163 Earnest Money Deposits 163 Real Estate Contract Contingencies 164 Due Diligence Costs 165 Buying Property Sight Unseen 166 Sabotaging Your Loan Application 166 Title and Lien Searches 167 Accurately Forecasting Closing Time Frames 167 Failure to Hit the Ground Running 168 31. Investment Property Loans: Everything Is Negotiable, Right? 171 The Toll Booth--How Much Will It Cost to Get Your Deal Funded? 171 The Power of Leverage 171 Borrowing Costs + Investment Strategy 172 Common Borrowing Costs and Fees 173 Everything Is Negotiable, Right? 173 Negotiating Smarts 174 Quick Tips for Negotiating Better Loan Deals 175 32. How to Choose the Best Funding and Investment Property Lender to Meet Your Needs 177 Taking Different Paths to Reach the Same Destination 177 Picking the Right Lender for Your Project 177 The Importance of Investor-Lender Relationships 179 The Reality of the Lender Relationship 179 Investment Property Lenders Need You Too 180 33. High-Performance Property Financing: Understanding the Mechanics of Your Loan 181 How to Keep Your Loans Rolling Through till Closing 181 Just How Much Does It Matter?181 How the Loan Process Works 182 Managing Your Loan 183 What to Expect at the Closing Table 184 Being Prepared to Close: A Checklist 184 Post-Closing Considerations 185 34. Fix and Flip Strategies to Get Your Investment Property Sold 187 What Smart Tactics Can Help Real Estate Investors Go from Flip to Flip with Ease? 187 Tips for Fixing and Flipping Fast 187 Renovate to Your Target Market to Sell Fast 188 When to Start Marketing for Resale 189 Choosing the Right Real Estate Marketing Formula for Your Deals 189 Reselling the Property 190 The Buyers List 192 35. Buy and Hold Real Estate Investment 195 Maximizing Income Property Opportunities 195 Refinancing and Optimizing Financial Leverage196 What's the Best Leasing Strategy? 197 Intelligent Tenant Screening 198 Property Maintenance and Management 198 36. Keep Fueling the Journey 201 Lap After Lap 201 Performance-Boosting Analysis 202 Quick Tips for Tuning Your Engine202 The Reality of Deal Flow203 Tips for Improving Deal Flow 203 Relationships204 Curated Real Estate Deals205 Get Help205 37. When Your Lender Takes the Exit207 When Lenders Bail 207 Why Lenders Bail 207 How to Recognize the Signs208 What to Do209 Preventive Maintenance210 38. When Your Rehab Goes South: What You Can Do When Your Rehab Takes a Wrong Turn 211 Why Rehabs Go Wrong211 Coping with Over Budget Issues212 Where to Save213 Where Not to Skimp213 When Investors Need More Money214 Working with Your Lender When You Need More Money 214 Other Capital Sources 215 Four Strategies for Turning Your Rehab Nightmare into Cash 215 39. What If You Can't Make Good on Your Investment Property Loan? 217 Why Investors Can't Pay Their Loans 217 Knowing Your Options218 What Happens When Investors Don't Pay Their Loans? 219 Alternatives to Foreclosure 220 Effects of Foreclosure on Real Estate Investors 220 40. When the Wheels Come Off Your Real Estate Investment Venture 223 It Happens to the Best of Us 223 Why Do Real Estate Investors Fail? 224 Tips for Preventing Failure in Real Estate Investment 225 Tips for Getting Back on the Road to Real Estate Riches 225 Opportunity Is Knocking 226 Index 227