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6 Things to Consider When Estimating Out of Pocket Expenses as a Real Estate Investor
Categories: Blog Posts
What out of pocket expenses should you expect to pay when you’re getting into the real estate investment game? 1. Initial Deposit and Closing Costs When you sign the contract, you’ll need to put down an initial deposit. This is part of what you see in a HUD-1 settlement. Additionally, if a lender lends 90% […]
Fix and Flip Out of Pocket Costs Explained
Categories: Blog Posts
How much in out of pocket costs should you expect for your fix and flip? For every fix and flip or investment property you buy, money is going to come from two places: lenders and your own pocket. We know lenders can lend up to 90% to 85% of the purchase and 100% of the […]
Credit Scores Explained
Categories: Blog Posts
Understanding credit scores is critical in your journey as a real estate investor. Lower credit scores mean you might not get a loan you’re applying for. Or you might have to put more money into a deal. If you have a bad credit score, you’ll typically see higher rates or terms which make dealing with […]
How to Fix High Credit Usage as a Real Estate Investor
Categories: Blog Posts
Avoid the investor bad credit cycle and fix high credit usage using these two simple tricks. High personal credit card usage → Bad credit score → No loan (or a loan with unfavorable terms) → No or less cash out to pay off the cards → Difficulty getting a loan for the next project What […]
Understand and Build Your Credit Score
Categories: Blog Posts
How can you build your credit to help you win in the real estate market? Your credit score affects everything in your journey as a real estate investor. Without the leverage of a good credit score, you’ll be stuck behind the big players of Wall Street. Why is Building Credit so Important for Real Estate […]