Oct 3, 2022 5:00:00 PM
Aug 30, 2022 10:49:13 AM
Many of our clients tell us during their mortgage application process that they spent significant time being uncertain about ─sometimes even agonizing over what would be the right decision: owning or renting. Since we are in the business of helping our clients own a house at AMI Lenders, we thought it might be helpful to put down in black and white what we know to be relevant factors to ponder while navigating this rent vs. own decision process.
Jun 2, 2022 9:58:16 AM
After you have gone through all the trouble of finding, purchasing, and rehabbing a property, the last step is to try to sell it fast and for a profit. Most people think, incorrectly, that very little planning goes into selling a property. Here are some recommendations to help you sell your fixed and flipped property:
Apr 26, 2022 12:04:05 PM
It is not the same to evaluate financing unimproved versus improved properties, short term vs long term loans or the level of risk
the borrower represents.
To put it simply, financing real estate projects varies significantly from one borrower to another, AND from one type of property to another.
To make sure we are on the same page: in Hard Money Lender's terminology, an unimproved property means the property does not have a structure on it: for example,
Feb 2, 2022 9:00:00 AM
In one of our weekly updates, we recently wrote to our clients that home prices might be growing faster than rents in most places across the country. But, financially speaking, homeownership still beats renting, as shown by a new study from ATTOM Data Solutions, a real estate data firm. In about 6 out of 10 localities across the U.S., it is cheaper to own a home than rent, so it is still a good idea to own rather than rent, even more so in creeping inflation environments like we have been experiencing. Still, it is usually easier to sign a lease contract than to get a mortgage.
Nov 29, 2021 9:00:00 AM
Fears of rising inflation in the US have been garnering attention all over the news and in many other countries. The Economist (a magazine published in the UK) included in its November 13, 2021, edition an article entitled “A three-decade high in inflation sows concerns about America’s recovery”. The Australian (a newspaper printed in Australia) included an article with the headline “US inflation spike to record levels means mortgage rates in Australia are almost certain to rise.” Forbes published during September 2021 an article about inflation and mortgages and how it might be a good time to buy a house to protect yourself against rising inflation. And we could continue citing interesting inflation-related articles.
Better than just letting you navigate in the news, let us try to give you our point of view on what you as a borrower of real-estate related loans, be it a mortgage for your new home or a bridge loan for a fix and flip, should know about inflation and loans.
Nov 23, 2021 9:00:00 AM
The 'fix and flip' investment strategy is one of several available to real estate investors. While some consider it to be relatively straightforward, it has its complexities as any other business endeavor. If executed poorly, it can lead to much lower returns than expected. In a competitive market where there is a shortage of houses to flip, workers and materials, flipping houses can become more difficult than usual. In this economic environment, investing in a distressed property that meets all the characteristics needed for high returns becomes essential. Furthermore, if you are new to fix and flipping, or if you already have done several, it is good to remember that seeking the help of professionals can make the entire process efficient and beneficial.
Feb 19, 2021 4:01:07 PM
Real estate investors often prefer hard money lenders instead of large financial institutions such as banks for obtaining their loans. The primary reasons for this are a)private money lenders process loans much faster, which is ideal if someone requires a loan quickly to beat a competitive bid, and b) Hard Money Lenders have more flexibility than banks. Also, hard money lenders have less stringent requirements and background checks.
Nov 13, 2020 5:00:08 PM
With a robust real estate market in Houston, you may be thinking about purchasing a property as an investment. After all, home values reported in September 2020 are up in Houston by more than 11% year-over-year.
Sep 15, 2020 3:19:18 PM
Since the program began in 1996, the IRS has issued nearly 24 million ITIN numbers. These numbers are issued for tax purposes to immigrants who are not yet eligible to obtain a social security number or citizens of foreign nations who want to purchase property in the U.S.
They also allow undocumented immigrants to open bank accounts, take out credit cards, and even buy a home. However, finding a lender willing to fund ITIN mortgage loans can be a little tricky.