Real estate has built more wealth for more people than almost any other asset class — here’s why investors keep coming back. 1. Cash Flow A well-bought rental generates monthly income above its carrying costs — mortgage, taxes, insurance, maintenance….
Private lenders have their own language used in the mortgage approval process and if you’re new to real estate investing we’d like to take a moment to review some commonly used terms you might hear during the course of your…
Cross-collateralization is a term used to describe a loan that is collateralized with multiple properties. One loan with multiple recorded liens. Most investors prefer the term “blanket loan” which essentially means the very same thing. One loan attached to several…
You know that we take a different approach when we review an application, either generated by a mortgage lender or broker, a real estate agent or directly from the ultimate borrower. If you’ve never applied for a loan from ABO…
A private money loan is one that is issued to a borrower in order to finance and repair a property that currently does not meet industry standards. When a property is in what is considered a distressed condition, a traditional…
Everyone could use more business, right? Have you ever called a business to order something when they have said, “Sorry, but we have enough business right now”? No, of course not. That would be crazy. The more successful a business…
There are different types of mortgage lenders and even more so types of mortgage loan products. There are commercial lenders, construction lenders, residential lenders and more. There are notably two types of mortgage lenders which don’t always compete with one…
When investing in [area] real estate, buyers have no shortage of options. Whether it’s a 150-unit apartment building or a duplex close to campus, the choices seemingly have no end. Further, as it relates to financing real estate, there too…
Getting a loan should be easy. It often isn’t, but it should be. There are so many different places where you can get a loan: banks, and all other kinds of lenders. Whether you want a loan to invest, or…
