August 6, 2021

QUOTE

"Every day bring new choices"

Martha Beck

 

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Rental Properties Right for you?

 

Rental properties are great for those who are looking to build wealth slowly and steadily over a long time span.  Being able to understand the math behind a rental property purchase is key to determining whether the property will be an asset to your portfolio, or a drain on your account.  The Investor’s Source LLC will provide a comprehensive deal analysis before you take the plunge.

 

TIPS/INFO

Know your Market

Check your comps.  How long are houses sitting on the market in your area?  If the average home is taking 6 - 12 months to sell, make sure to factor in additional carrying costs into your profitability analysis or consider keeping the property for a rental instead of flipping it – or simply pursuing deals in more active markets.

 

NEWS

Investors: Don’t Negotiate Until You Know the Home’s Condition

https://www.biggerpockets.com/blog/inspection-negotiation-informed-decisions

 

June 21, 2021

QUOTE

“Wealth flows from energy and ideas.”

William Feather

 

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Investor Friendly

The Investor’s Source refers to itself as “investor friendly,” and if you’ve been in the business for any length of time, you know how important that is.  We understand the challenges you face as an investor, and the role timing plays in your deals.  You want a lender who is responsive to your needs and doesn't make you jump through excessive hoops to get your deal done . . . .and get it done quickly! We aim to conditionally pre-approve your loan within 48 hours, and then work hard to get it approved not long after that, get the title company everything they need, and to always keep you in the loop so you know where you stand every step of the way.

 

TIPS/INFO

Functionality over Style

When fixing up your rental properties, always choose functionality over style. Most tenants just want a comfortable, well-maintained place to spend their time and live their lives.  Functional doesn’t have to mean boring – nice paint colors and inexpensive but attractive light fixtures can make a place look inviting, without over-extending your budget

 

NEWS

How to Analyze a Short-Term Rental – from Cleaning to Cash Flow

https://www.biggerpockets.com/blog/analyze-short-term-rental?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2006/08/21%20(Pro%20%2B%20Premium)

June 7, 2021

QUOTE

“Success is where preparation and opportunity meet.”  Bobby Unser                      

 

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Deal Analysis

 

Sometimes a deal can look promising up front, but when you run the numbers . . . the wheels come off.   That’s why we perform a full analysis on every prospective deal, taking into account all the things that can impact profitability--from property taxes to carrying costs.  We also let you know how much cash you’ll need to bring to closing.  If a deal is not going to be profitable for you, we wouldn’t be interested in funding it, even if it would make money for us. We’ll let you know right away if we cannot fund so you’re free to pursue the next opportunity!

 

TIPS/INFO

Listen to your Lender

If your lender says “no” to funding your deal, they may have good reason.  At The Investor’s Source if our deal analysis demonstrates that the deal will not be profitable for you, the investor – even though it may be for us - we’ll encourage you to redirect your energy toward a better opportunity. To obtain funding for a deal, our policy is that all deals must be win-win, so if you won’t make money, we won’t do the deal. We’ve had many investors thank us profusely for steering them away from deals which could have hurt their wallets – a lot!

 

 

NEWS

Cash for Keys: A controversial (But Effective!) Alternative to Eviction

https://www.biggerpockets.com/blog/cash-for-keys

 

May 19, 2021

 

QUOTE

"Teamwork builds trust and trust builds speed."  Russell Honore

 

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Rehab Funds

 

Along with the funding of your purchase, The Investor’s Source will fund up to 100% of the repairs on your rental or fix-and-flip property.  The funds are placed in escrow and disbursed to you as you complete each phase.  We make sure from the start that you have the money you’ll need to work your magic!

 

TIPS/INFO

Vandal Protection

Rehabbing can leave a property vacant for several months, leaving the property vulnerable to vandalism. Minimize your chances for vandalism or theft by keeping doors and windows locked, covering windows with sheets or drapes, and keeping lights on at night.

 

 

NEWS

Build a Six-Figure Student Housing Portfolio in Just Eight Steps

https://www.biggerpockets.com/blog/investing-student-housing?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2004/22/21%20%5BPro%20%2B%20Premium%5D

 

May 12, 2021

Here is a quick and interesting read that was shared with us regarding the recent surge in lumber prices. We thought you might find it helpful as well. 

 
Link: http://www.mortgagenewsdaily.com/05072021_lumber_prices.asp
 
As always, if you have questions about financing a new project please don't hesitate to reach out.

 

May 5, 2021

 

QUOTE

“Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.”  Edwards Deming

 

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Property Valuation

As every investor knows, an accurate property valuation is vital to the success of a deal.  Before we commit (or ask you to commit) to any deal, we perform a thorough valuation based on comps, then order an appraisal or BPO (Broker Price Opinion) to substantiate our findings.  We review the rehab plans and budget.  Last but not least, we visit the property to get a physical sense of its condition and of the neighborhood.  The Investor’s Source has a solid track record of determining realistic property valuations that put the deal into the right perspective.

 

TIPS/INFO

Curb Appeal

Never underestimate curb appeal when getting ready to flip your property.  Power-washing the house, trimming the shrubs, and replacing a battered mailbox with a new one are just a few inexpensive ways to freshen the home’s appearance.

 

NEWS

Why You Should Start Your Investing Journey With Single-Family Rentals

https://www.biggerpockets.com/blog/single-family-investing-benefits?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2004/15/21%20%5BPro%20%2B%20Premium%5D

 

April 20, 2021

 

Colorado real estate markets are steaming hot!  We realize that can make it even harder to find good deals as inventory gets snatched up almost before it’s listed. But it also means great opportunities to add more inventory by building from the ground up or flipping houses if you can find those hidden gems.

 WITH THAT IN MIND, WE HAVE A NEW AND EXCITING PROGRAM TO TELL YOU ABOUT

The Investor’s Source wants to help. It’s simple, the more you build, the more you can squeeze us for better terms and streamlined underwriting. We’re happy to be squeezed! So, here’s the deal: 

  • Commit to 3 new builds or flips per year & start building or flipping
  • After your 1stdeal – rates drop as to as low as 2.5 points and 10% interest
  • LTV rises to up to 75% of the after-build value
  • We’ll even provide Down Payment Assistance to keep cash needed low, low, low

 

In other words, build toward your future dreams with Investor’s Source Frequent Builder/Flipper program.  So, what are you waiting for! 

Contact us today

970-635-2397 or [email protected].

 

April 12, 2021

 

QUOTE

“Do you want to know who you are? Don't ask. Act! Action will delineate and define you.”  Thomas Jefferson

 

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Making the Impossible Happen

 

Quick closings are one of the primary reasons an investor seeks a hard money loan.  At The Investor’s Source we pride ourselves on going the extra mile to “make the impossible happen.”  All we ask is that you do your part to expedite the process– provide us with the documentation we need (in a timely and organized fashion), don’t overburden us with information we don’t need, be available to answer questions, then trust us to do the rest. 

 

TIPS/INFO

Expand your Horizons

When looking for deals, keep your eye on areas with expanding potential.  Fountain, Colorado City, Grand Junction, Greeley, and other smaller markets can be goldmines, and much less competitive.

 

NEWS

8 Traits of a Top-Tier Tenant – And How to Spot Them

https://www.biggerpockets.com/blog/good-tenant-traits

 

April 4, 2021

 

QUOTE

“It's easy to make a buck. It's a lot tougher to make a difference.”  Tom Brokaw

 

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Funding the Fix

Along with the funding of your purchase, The Investor’s Source will fund up to 100% of the repairs on your rental or fix-and-flip property.  The funds are placed in escrow and disbursed to you as you complete each phase.  We make sure from the start that you have the money you’ll need to work your magic!

 

TIPS/INFO

Title Companies

Not all title companies are created equal.  Although most local title companies are extremely professional and reliable, like any business, some are more efficient and dependable.  It’s always a good idea to ask for references if you are part of the title selection process.

 

NEWS

Single Family vs. Multifamily Rentals: Which Investments Is Right for You?

 

https://www.biggerpockets.com/blog/single-family-vs-multifamily?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2003/16/21

 

February 4, 2021

 

QUOTE

"Creativity has always depended on openness and flexibility, so let us hope for more of both in the future.”   Siri Hustvedt

 

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Exit Strategy

When assembling the details of a deal, The Investor’s Source LLC always asks the investor to define their exit strategy.  Experienced investors know that things can go wrong, and nobody wants to find themselves stuck or stranded.  Consider options in advance, like renting, wholesaling to another real estate investor, or leasing the property.

 

TIPS/INFO

Underwriting

No need to go into panic mode when it’s time to qualify for a loan.  Keep a file of financial information – an up-to-date financial statement, statements of your assets (IRA’s, 401K’s, stocks, etc.), 2 years tax returns, and any other documentation your underwriter will require.

 

NEWS

5 Reasons why Section 8 Tenants Are the Best Renters

https://www.biggerpockets.com/blog/section-8-tenants-pros

 

February 1, 2021

QUOTE

"The new year stands before us, like a chapter in a book, waiting to be written. We can help write that story by setting goals."  Melodie Beattie

 

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Skin in the Game

Although not always mandatory, most private lenders prefer to see some “skin in the game” – the willingness to put some of your own money into the deal and assume some of the financial risk. This goes a long way towards convincing the lender of your commitment. Our goal, at The Investor’s Source, is to keep as much money in your pocket as possible, while at the same time making the loan attractive to our lenders. Though it would be great to provide 100% financing to our Borrowers on all of their deals, the reality is that putting some of your own money into a deal can sometimes be that little something extra needed to make the loan work for everyone

 

RECENTLY CLOSED DEALS

The Investor’s Source recently closed a $3MM loan on an assisted living facility in Pueblo CO. The facility will be getting an overhaul to get it ready for residents. We are excited to help our borrower add this great property to his existing portfolio of assisted living facilities.

TIPS/INFO

Front Door

 

When getting your investment property ready to rent or sell, make sure the front door projects a welcoming image.  If the door looks dated, shabby, or just plain ugly, it’s worth the price of replacement.  First impressions do matter!

  

NEWS

The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)

https://www.biggerpockets.com/blog/estimate-arv?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%201/28/21%20%7C%20Control&utm_channel=28425&utm_content=Marketing

 

January 21, 2021

QUOTE

“Price is what you pay. Value is what you get.”  Warren Buffet

 

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Proof of Funds

If you need a Proof of Funds letter in order to make an offer, we can provide it the same day, once we receive minimal documentation from you. We’ll do a quick in-house valuation of the property & run a deal analysis “lite” to confirm that this is a profitable deal.

 

TIPS/INFO

Private Money vs. Hard Money Lender

The difference between a private money lender and a hard money lender?  A private lender lends his own money, while a hard money lender also raises capital from a variety of sources. Sometimes a private lender’s terms will be more favorable due to their lower overhead. The risk can be that a private lender may not have available funds when you need them, while a hard money lender has access to more capital and should be able to fund almost any deal. The last thing you want is to lose a deal when your private lender can’t perform. Bottom line: make sure whoever you choose to fund your deals, that the funds will be available at closing when you need them!

 

NEWS

9 Ways to Save Money You Have Probably Never Tried

https://www.biggerpockets.com/blog/ways-to-save-money?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%201/3/21&utm_channel=28425&utm_content=Marketing

 

January 7, 2021

A Word from the President of The Investor’s Source

"Anita, I asked my Operations Manager, as I came into the office on the first workday of 2021 'did I just dream that?". "No", she informed me, "2020 actually happened"  

Yes, 2020 was a challenging year, even in the hard money business. Uncertainty is always challenging and it's hard to argue with these being the most uncertain times we've ever lived through. But we made it through 2020 (and my heart goes out to all who have lost loved ones - including myself). We made it by persevering and doing what we do best as businesspeople in this country - keeping the flames of optimism burning knowing that better days are ahead, working really hard and staying present always to handle what comes our way. 

2020 was a challenging year at Investor's Source too. We dealt with more challenging loans than ever before but used each of them as a springboard for our company's growth and education. Learning lessons can sometimes be expensive but looking at them as investments, they can help make us that much stronger and wiser and most importantly, be of greater service to our clients.   

We are looking forward, with great anticipation, to 2021. We have money to lend, deals in our pipeline, and fantastic investors on both the borrower and lender side of the equation who are making an impact in their communities and helping to keep our economy strong. We are still lending all over Colorado and Wyoming with the widest array of loans in the business - for flips, new construction, land development, commercial buildings, refinances, flash cash and whatever else you need that makes sense. We are still your commonsense lender who will get your deals funded!

Good luck to you too in 2021 and let us know how we can help you with your financing needs.

 

December 11, 2020

“Coming together is a beginning; keeping together is progress; working together is success.”  Henry Ford

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IS Wholesale Deal Network

Want the inside scoop on the latest hot deals from some of Colorado’s most active wholesalers?  Go to our webpage and sign up now to become a part of the IS Wholesale Deal Network.  You’ll receive advance notifications on some of the best deals around and The Investor’s Source will be right there with you to provide the funding if needed!

TIPS/INFO

Don’t Over-Improve

Don’t be tempted to over-improve your property.  Granite countertops, cherry cabinets and designer tile are desirable to many, but can be overkill if the other houses in the neighborhood are more modest.

 NEWS

The Definitive Guide to Tenant Screening

https://www.biggerpockets.com/blog/definitive-guide-tenant-screening?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%2011/29/20&utm_channel=28425&utm_content=Marketing

 

 

Investor Source Hard Money Lender in Colorado

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