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May 12, 2020

Investor Mortgage Report 5.12.2020

Categories: Blog Posts, Resources, Tips, Trends Tuesday

Remote Closings And You: How COVID-19 Has Redefined the Real Estate Closing Process

What We Know:

The financial side of real estate has been stalled on many fronts these past few months due to the economic lockdown.

Offices are closing, and would-be buyers are losing their jobs. Appraisers aren’t allowed into properties, title companies are limiting closings. There are also complications of safely converting everyone’s office jobs to work-from-home positions. This influx of rapid-fire changes puts a strain on the mortgage process and adds stress to closing on properties.

But, things are improving. We are beginning to see some positive changes thanks to the introduction of remote and online closings.

What Is Changing:

For starters, buyers and sellers are no longer required to physically drive across town at a prescribed hour that works for everyone and suit up with masks and gloves for a closing.

Systems are now in place for closings to happen 100% from the comfort of home or office ( or really, anywhere you need to be.) Remote closings are real and they’re happening, along with simple remote notarizations. These simple adaptations eliminate so many hurdles to the closing process and help speed things along, especially in these unique times.

Fidelity, one of the largest title companies in the industry, is all-in with the remote advancements and allowing clients to choose how they close.

What the Future Holds:

We could be heading for a time when remote appraisals are standard and virtual showings become the norm. It’s not as far-fetched as it sounds. We’re inching closer to that reality by the day.

Just imagine the mortgage process taking place in a week or two, and not months!

Of course, this is good news for investors selling SFR properties and/or refinancing. Landlords owning commercial properties may see values drop. After all, more people are working from home without having to physically come into an office.

On the rate front, we’re seeing very stable numbers. However, we’re still staring at a wall when it comes to refinancing.

As states open up and lift restrictions, let’s hope people run out and get back to work and start spending like we are all used to.

by Mike B

May 11, 2020

Why You Shouldn’t Let the Banks Hold Your Wallet

Categories: Blog Posts, Motivational Monday, Resources, Tips

95% of investors are controlled by the banks. The other 5% control their own destiny.

Which group do you want to be in?

History is repeating itself. Banks and lenders are closed up and running away from loans for the investment community. They’re backing out of deals just minutes from the closing of a loan, without the courtesy of so much as a “Sorry.”

Right now, the majority of real estate investors (95%) rely on banks and traditional lenders as a means to fund their deals. That means when the banks decide to stop lending money, they stop you from succeeding.

Let’s change that!

Now, more than ever is the perfect time to take back control of your financial future.

How? By partnering up with people who have money ready to invest! Mom, your bestie, neighbor, gym buddy—anyone with cash to invest has the ability to help fund your investment deals. It doesn’t HAVE to be a bank or traditional lender.

Be a power player and join the 5% who don’t sweat economic disasters.

Want to dip your toes into the world of OPM (Other People’s Money) funding, but not sure where to start? Sign up for our Into to OPM Webinar! We’ll be going over the basics and answering your most pressing questions about how to secure financial freedom for your investment business, EVEN when the banks are saying “No.”

Sign Up Here >>>

Just remember: Keep it legal, keep it safe, keep it honest.

by Mike B

May 6, 2020

Investor Inspo – 2931 Pheasant

Categories: Blog Posts

Some serious added curb appeal was only the beginning for this Colorado flip.

Better than As-Seen-on-TV

How’s this for a Fixer Upper? Come with us as we explore some impressive investor before-and-afters from right here in Colorado!

This impressive flipper was able to transform this dated, worn-out property in less than two months! From dump to gem, and from purchase to under contract in less than two months!

We know which kitchen we’d rather be cooking quarantine meals in…

Yes, even in this crazy COVID-lockdown world, homes are getting updated and sold in record time. Rates are extremely low, and smart investors who have figured out how to work around the banks are taking advantage.

New and improved backyard oasis.

From scary and dark, to light, bright and inviting entryway.

From dark and dank to spa-level luxury in the bathroom.

Love how the flippers are making neighborhoods better one house at a time.

Sign up for our newsletter to receive updates, and we’ll keep you posted once the property closes and our client takes his profits and moves on to the next deal!

Sign up here >>>>

by Mike B

April 20, 2020

It’s Time to Change the Game.

Categories: Blog Posts, Motivational Monday, Resources, Tips

Now isn’t the time to improve anything. It’s time to change everything.

Are you aware that over the course of the past few weeks, almost all lending for the investment community has dried up? Not only that, but it’s uncertain how long it will be before these products become available again.

But this doesn’t mean the end of the road for investment-based businesses who rely on funding to complete their deals.

Why should banks control us and our financial future? If they choose to close their doors and refuse to lend money to investors, then so be it. It’s time to change how the lending world works.

Just because the economy takes an unexpected nosedive doesn’t mean our investments need to. When the banks say no, we can remain in control of our financial futures by turning to personal funding partners.

OPM- or, Other People’s Money – funding is one of the best ways to gain and keep control over your finances as an investor and gives you the freedom to continue your business, even as the banks batten down the hatches.

Want more info on how to make the switch to funding your deals using OPM? Join us for our next weekly webinar! Whether you’ve dabbled with this way of doing business before, or you’re on the fence about how and when to get started, we’ll make sure you’ve got the information YOU need to thrive during these uncertain times.

Get signed up here! >>>

Just remember: Keep it legal, keep it safe, keep it honest.

by Mike B

April 13, 2020

What to Do When the Bank Says, “No.”

Categories: Blog Posts, Motivational Monday, Tips

Don’t be controlled by banks. It’s time for you to take control!

That noise you just heard? That was the sound of conventional lenders across the country slamming the door and walking away from the lending on investment properties. For those of us who make our living through fix and flips, fix and holds, and other real estate investments, it’s not exactly a GREAT sound.

But if you listen carefully, you might also be able to hear the rumblings of coming change. Just because the banks are currently the bearers of bad news, doesn’t mean it’s time to give up. Take back control of your financial future by disrupting the chain and breaking the bank’s monopoly. And the good news? It’s actually easier than it sounds.

How, you ask? Simple. Start funding your own deals with 100% OPM – Other People’s Money. Cash from your mom, your neighbors, your golfing buddy—really, this source of capital can come from anyone who has money and is looking to invest it.

This easier-than-it-seems solution really can help you thrive now during a period of economic uncertainty, as well as far into the future. No matter the economy, you’ll never have to worry about being controlled by what the banks have to say. If they shut the door to funding on you, you’ll have a way to keep investing and continue turning a profit for you AND your lending partners.

Want to see just how easy it can be to transition your current real estate investment business model? Join us for our next informative webinar session!

Just remember: Keep it legal, keep it safe, keep it honest.

Establishing trust is KEY in this funding model. When you’re dealing with other people’s cash to fuel your investments, it’s critical to stay transparent and protect everyone’s best interests.

Want to know more? Sign up here for our next session. >>>>

by Mike B

April 9, 2020

The Lending Faucet Has Been Shut Off. What Happens Now?

Categories: Motivational Monday, Resources, Tips

Everyone knows that you kill a business by cutting off their credit/finance. Once the credit is cut off, we are all in trouble.

Or, ARE we?

Did you hear the lending markets just explode/implode in on the investor market? What felt like overnight (within mere weeks,) the traditional funding faucet was virtually turned off. Lenders across the country are pumping the brakes on loans for investment properties due to COVID19-related closures, job losses, and resulting economic uncertainty.

What does this mean for folks who rely on that normally steady stream of capital for investment real estate funding? The existing and would-be landlords? The fix-and-flippers? The fix-and-holders? The short answer: Without credit or funding, investing in properties becomes problematic. Therefore, MAKING money becomes much tougher.

Notice that we said ‘tougher,’ and not ‘impossible?’ There IS another way…

Now is the perfect opportunity to create your very own banking system.

“What does that even mean,” you may find yourself asking? It means finding PEOPLE, not banks, with money—money that they would be willing to invest. This could be your mom, your best friend, your neighbor, or anyone else who has some extra funds that they want to put to work for their future financial benefit.

Don’t allow the banks to socially distance you from your investment income! Learn how to keep your business running steady now and in the future by having a consistent stream of OPM- or Other People’s Money- funding.

Join us for our next weekly Webinar, where we’ll be going over market updates and the basics of how to transition your lending stream from traditional lenders to OPM funds, all while keeping it legal, keeping it safe, and keeping it honest for you AND your funding partners!

Get signed up here >>>>

by Mike B

January 27, 2020

Motivational Monday – Impossible

Categories: Motivational Monday

“It’s impossible. I can’t do it.”

What’s stopping you from achieving your financial goals? Is it doubt? Fear of failure? The truth is, you can achieve anything if you have the right mindset, a solid plan, and a supportive team around you.