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7/10/2019

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!

6/12/2019

Treat Your Business Like a Business

If you want to avoid failing in your real estate venture, treat it like a business rather than a hobby. Monitor your business’s health, hire the right people to do the right jobs, and continually find ways to improve your bottom line.   Only then will you create something sustainable.

6/5/2019

Power Team

 Investor clubs are a great source for finding people to compose your power team – brokers, bankers, hard money/private lenders, title companies, insurance agents, contractors, money/credit partners and real estate agents. Every one of these providers will be crucial to your success as a real estate investor. While the temptation will be to be “out there” as quickly as possible to buy and rehab properties, spending the necessary time to get the right support team in place will pay large dividends down the road.

5/29/2019

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.

5/22/2019

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.

5/16/2019

Don’t Try to be Original

Making your property “stand out” in the market will typically not help it sell faster.  A better approach is to respect the character of the neighborhood, and build accordingly. A $400K home in a modest neighborhood where the average selling price is $200K, that doesn't blend in with the style of its neighbors, will stand out in a negative way, and make your property difficult to sell. 

5/8/2019

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.

4/25/2019

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!

4/18/2019

Who Needs a Property Management Company

It can be tempting to want to manage your own rental properties – why would you want to pay somebody to do something you can do yourself (assuming you have the time and resources)?   However, consider that property management professionals have tried-and-true tools to find and qualify tenants, negotiate solid leases, and turn units quickly, saving you the problems that many rental properties owners ultimately face.

4/11/2019

Eraser Math

It’s easy to get excited about what appears to be a great looking deal.  So excited, in fact, that when the math proves otherwise, you start adjusting the numbers to make the deal work.  If you’re really struggling to make the deal look profitable on paper, that’s a good sign that it’s probably time to let it go.  Better luck next time!

3/14/2019

Be Prepared

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.

2/28/2019

Stick to Your Plan

When in the process of fixing up your property—especially one with lots of potential - it can be tempting to want to make it “a little nicer” with upgraded materials and fixtures and other “extras.”  Those extras can add up quickly.  Don’t improvise too much.  Start with a solid plan and stick to it. 

2/21/2019

Know Your Market

Check your comps.  How long are houses sitting on the market in your area?  If the average home is taking 6, 9, or 12 months to sell, consider keeping the property you’re planning to purchase for a rental instead of flipping it – or simply pursuing deals in more active markets.

2/8/2019

Reputation is Everything

Care, professionalism, ethics, attention to detail – these are some of the words our customers have used to describe us – and we strive every day to live up to the reputation we’ve worked hard to earn. Be impeccable in your business dealings – your reputation is your fortune!

1/31/2019

Rehab “Reality” Shows

Reality TV shows seem to be saying that rehabbing a house merely involves slapping on a new coat of paint, hammering in a nail or two and selling the property for a BIG profit. This misconception has people believing that anybody can renovate a house without experience.  These shows have lots of entertainment value, but don’t be fooled.  Find people who know the business, enlist their help, and learn what you need to know before you take the plunge.

1/24/2019

The Fear Factor

It has been said that greatness lies at one’s breaking point, and that point often arrives when you’re just about to give up.  In real estate investing, it is up to you to figure out what level and type of risk you are most comfortable with, but keep in mind that without risk, there is no reward

12/27/18

Wishing you happiness and prosperity in 2019! We welcome the chance to partner with you in all your investment endeavors!

Your friends at The Investor’s Source

happy-new-year

12/19/2018

Wishing you and yours a joyous holiday season and a prosperous New Year!

Your friends at The Investor's Source - Dave, Jake, Anita, Carl, and Shari

12/13/2018

FRONT RANGE SPECIAL

Good news!!!  The Investor’s Source is extending our immensely popular Front Range Special; Terms are based on your down payment - the more you put down, the lower your rates, as low as 8%! Contact us soon for details, and to take advantage of this super opportunity!

11/15/2018

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!

8/9/2018

INVESTOR’S SOURCE FEATURED LOAN PROGRAM

Transactional Funding (or “Flash Cash”) – We now offer 2 programs for Transactional Funding:  

 Program #1 – Same Day Transactional Funding - This is for the wholesaler that purchases and flips a property the same day.  We provide funds for the “A to B” closing and, if needed, the “B to C” closing as well. Because both transactions occur consecutively, with payoff of the A to B loan the same day, we can charge you less and require significantly less underwriting.  We can also usually provide 100% of the funding since it will be paid off the same day. 

 

Program #2 – 30-Day Transactional Funding – This program helps investors who need to take title to the property for up to 30 days, before flipping it, such as with a short sale property.  The great advantage to our Borrowers is the high loan to value loans we can offer, since the loan will be paid off within a month. This program requires a buyer under contract with approved financing on the back end.

8/2/2018

INVESTOR’S SOURCE FEATURED LOAN PROGRAM

Fix and Flip

Our Fix and Flip loan helps you purchase a distressed property, fix it up and sell it for a profit. Most banks won’t lend the funds to purchase nor repair these types of properties as they perceive the risk to be too great, nor are they geared up to service the loans. We, of course, specialize in making and servicing fix & flip loans including lending you the rehab funds and paying those funds out to you in draws as the work progresses. 

At The Investor’s Source LLC, one of our goals is to help you keep as much cash in your pocket as possible. Along those lines, we lend up to 70% of the after repair value (ARV) of the property.  This means that we can, in some cases, lend up to 100% of the purchase price and repairs if the 70% ARV loan amount covers this. 

In most cases, though, unless the loan to after-repair value is very low (ie. 60% or less), our lenders like to see some "skin in the game". That means that you have some cash in the deal, and therefore a tangible stake in the outcome. Typically, this would be at least 10% of the purchase price and rehab, and higher for loan amounts greater than $350K. 

Our commitment to you is that we will work closely with you to ensure that the amount of money required is reasonable and still makes the deal a good one for you.   

 

5/31/2018

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.

3/29/2018

Eraser Math

It’s easy to get excited about what appears to be a great looking deal.  So excited, in fact, that when the math proves otherwise, you start adjusting the numbers to make the deal work.  If you’re really struggling to make the deal look profitable on paper, that’s a good sign that it’s probably time to let it go.  Better luck next time!

3/22/2018

INVESTOR’S SOURCE FEATURED LOAN PROGRAM - Construction Loans

The Investor's Source is one of only a handful of banks and hard money lenders that finance new construction.  If you’re a consumer having a residence built for you, a contractor constructing a custom or spec home, or a developer building a multi-unit condo complex, a hard money loan can be a smart way to finance the construction. With hard money, you can often cut out much of the red tape associated with a bank construction loan - IF you can even qualify with a bank!  

To get started, we’ll need a general plan of what you’re looking to build and your budget. From that, we'll be able to structure a loan for you and send you the full construction package. When all plans, permits and insurance etc. are in place, you’ll be ready to break ground.  

3/1/2018

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.

2/8/2018

Reputation is Everything

Care, professionalism, ethics, attention to detail – these are some of the words our customers have used to describe us – and we strive every day to live up to the reputation we’ve worked hard to earn. Be impeccable in your business dealings – your reputation is your fortune!

1/26/2018

Stick to Your Plan

When in the process of fixing up your property—especially one with lots of potential - it can be tempting to want to make it “a little nicer” with upgraded materials and fixtures and other “extras.”  Those extras can add up quickly.  Don’t improvise too much.  Start with a solid plan and stick to it. 

11/15/2017

Power Team

Investor clubs are a great source for finding people to compose your power team – brokers, bankers, hard money/private lenders, title companies, insurance agents, contractors, money/credit partners and real estate agents. Every one of these providers will be crucial to your success as a real estate investor. While the temptation will be to be “out there” as quickly as possible to buy and rehab properties, spending  the necessary time to get the right support team in place will pay large dividends down the road.

11/2/2017

Not For the Faint of Heart

Real estate investment, like any businesses, is not for the faint of heart. The word “Investment” is somewhat of a misnomer, because many of us associate the word “Investment” with a “Passive Investment” such as the way investing in a mutual fund is an investment. Put down your money and leave it alone.

When you’re investing in a flip or a rental property, WORK IS INVOLVED! Decisions need to be made, toilets need to be fixed, tenants need to be trained. There are fewer things more rewarding than making a real estate investment successful. But make sure you enter into this arena with the frame of mind that you are going to work - and going to work hard – and on some deals perhaps not be successful. However, with perseverance, a good team behind you, and a little luck, the rewards can be beyond your wildest dreams!

10/26/2017

Private Money/Hard Money

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!

10/5/2017

Rehab “Reality” Shows

Reality TV shows seem to be saying that rehabbing a house sometimes merely involves slapping on a new coat of paint, hammering in a nail or two and selling the property for a BIG profit. This misconception has people believing that anybody can renovate a house without experience.  These shows have lots of entertainment and inspirational value, but don’t be fooled.  Find people who know the business, enlist their help, and learn what you need to know before you take the plunge.

9/28/17

INVESTOR FRIENDLY!

We, at The Investor’s Source, like to think of ourselves 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.

9/14/17

 WE’RE LENDING IN WYOMING!


On June 1st 2017, The Investor’s Source reached a significant milestone by closing 
our 1st loan in Wyoming – a fix and flip in Casper. The Borrowers were excited to find a hard money lender in Wyoming (we’re the only one we know of), our Lender was empowered as a trailblazer and the first of our Lenders to make an out-of-Colorado loan, and we were thrilled, as always, to help our Borrowers get the funds they needed to make this deal happen! Of course, crossing the border was exciting to us as well. The Investor’s Source will look at hard money loans throughout Wyoming, but the big 4 cities –Cheyenne, Laramie, Casper & Gillette – are our primary target areas. So if you’ve been reluctant to make offers in Wyoming because you didn’t think you could get your deals funded, don’t hesitate any longer. The Investor’s Source is ready, willing and able to make loans in Wyoming and we would love to work with you there!

“Do what you love and the money will follow.”
Marsha Sinetar

GET TO KNOW US


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, possible.” All we ask is that you do your part to expedite the process: help us get the Broker Price Opinion scheduled, provide us with the required documentation, be available to answer questions from our lender, and then sit back and let us work for you to get the deal closed.

We’ve been in the trenches too and know how important it is for your offer to be able to close quickly – so we’ve got your back. We’ll do whatever takes to get your deal closed and we’ll do it faster than most lenders would ever consider possible!

News: Can Nevada or Wyoming Protect Your Real Estate Investments in Another State


https://www.biggerpockets.com/renewsblog/2010/09/01/can-nevada-or-wyoming-protect-your-real-estate-investments-in-another-state-draft-for-review/

6/5/17

“It is more rewarding to watch money change the world than watch it accumulate.”

Gloria Steinman

 

GET TO KNOW US

Support System

Fear and stepping out of your comfort zone are common obstacles that prevent many investors from becoming successful and achieving their goals. Having a support system can help mitigate your anxieties.  The Investor’s Source LLC strives to provide the advice, encouragement, and know-how you may find yourself needing during critical decision-making times.  Our loan officers are all seasoned  professional real estate investors themselves who have been successful, AND taken their lumps along the way. They can help ensure your success and avoid some of the pitfalls they wish had been advised of when they were in your position!

 

5/19/17

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

Henry Ford

 

GET TO KNOW US

Exit Strategy

When reviewing 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, if their primary exit goes awry.  Consider multiple options in advance, like renting, wholesaling to another real estate investor, or leasing/optioning the property. Of course each of these would need to be approved by the lender, but if they make sense, chances are the lender would get on board.

 

 Loan Programs

 Non-Recourse Retirement Account Loan

The Investor’s Source LLC Non-Recourse Retirement Account Loan can assist you in purchasing real estate within your self-directed retirement account (hereafter referred to as IRA) – leveraging funds you have in that account with a non-recourse, hard-money loan. We can lend you up to 65% of the ARV of the property.

A non-recourse Loan, as required by the IRS, is one in which the lender’s only recourse – should you default in paying it back – is to go after the equity in the property itself. The lender cannot come after you personally, nor the funds in your retirement account.

Buying real estate in your IRA vs. buying it personally has numerous advantages (please consult with your tax advisor about the tax implications of purchasing and using leverage in your IRA):

  1. As mentioned, the leverage it provides to your IRA
  2. The current (and/or future) tax advantages of investing in an IRA and having your money grow in a tax-free environment
  3.  Avoiding the early withdrawal penalties that could be incurred by using IRA funds OUTSIDE your IRA to purchase a property personally. For example, if you needed a significant down payment to purchase a property and had funds available in your IRA you could:
    1. Draw those funds from your IRA and pay the early withdrawal penalty or-
    2. Use those same funds WITHIN your IRA with no penalty!
  1. It is easier to qualify than our personal hard money loan – there are no income or assets requirements (although we do pull a personal credit report) and we do require at least 20% of the loan amount in cash reserves in your IRA account (to cover property contingencies).

To purchase properties in an IRA you will need to establish a self-directed IRA through a licensed custodial company. You can find many such companies through a web search of “Self Directed IRA Colorado”.

The Investor’s Source LLC is neither a tax nor investment advisor, and is not qualified to provide tax or investment advice regarding IRAs or any other investments. Please consult with a professional advisor before deciding on any of the investment options discussed above or anywhere else in this website.

 2/23/17

“Money is better than poverty, if only for financial reasons.”

Woody Allen

GET TO KNOW US

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 work is completed.  We make sure from the start that you have the money you’ll need to work your magic!

 Loan Programs

 Fix and Flip

Our Fix and Flip loan helps you purchase a distressed property, fix it up and sell it for a profit. Most banks won’t lend the funds to either purchase or repair these distressed properties as the perceived risk is too great. We, of course, are geared up to handle these types of loans including lending you the rehab funds and paying those funds out to you in draws as the work progresses. 

At The Investor’s Source LLC, one of our goals is to help you keep as much cash in your pocket as possible. Along those lines, we lend up to 70% of the after repair value (ARV) of the property.  This means that, in some cases, we can lend up to 100% of the purchase price and repairs if the 70% ARV loan amount covers this. Find a really good deal and 100% financing could be a reality!

In most cases, though, unless the loan to after-repair value is very low (ie. 60% or less), our lenders like to see some "skin in the game". That means that you have some cash in the deal, and therefore a tangible stake in the outcome. Typically, this would be at least 10% of the purchase price and rehab, and higher for loan amounts greater than $350K.

 Our commitment to you is that we will work closely with you to ensure that the amount of money required is reasonable and still makes the deal a good one for you. 

 TIPS/INFO

Many new fix-and-flippers intend to do all the work themselves.  Unless the property only needs cosmetic work – most Front Range fix-and-flips need far more than that - simply being handy with a hammer and a paintbrush isn’t going to cut it, and learning “on the job” can add significant time and expense to the project.  Line yourself up with contractors and sub-contractors from the very beginning.  You’ll make up the cost of their labor with time saved in getting the property finished, on the market, and sold.

 NEWS - What the Record-Setting Golden State Warriors Can Teach Us About Building Wealth in Real Estate

 https://www.biggerpockets.com/renewsblog/2016/04/25/build-real-estate-portfolio-golden-state-warriors/

2/16/17

"Failing to plan is planning to fail."

Alan Lakein

 

GET TO KNOW US

Deal Analysis

Sometimes a deal can look promising up front, but when you run the numbers . . . not so much.   That’s why we perform a full analysis on every prospective deal, taking into account all the factors 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’ll let you know right away so you can pursue the next opportunity!

Loan Programs

Transactional Funding (or “Flash Cash”) – We now offer 2 programs for Transactional Funding:

Program #1 – Same Day Transactional Funding - This is for the wholesaler that purchases and flips a property the same day.  We provide funds for the “A to B” closing and, if needed, the “B to C” closing as well. Because both transactions occur consecutively, with payoff of the A to B loan the same day, we can charge you less and require significantly less underwriting.  We can also usually provide 100% of the funding since it will be paid off the same day.

Program #2 – 30-Day Transactional Funding – This program helps investors who need to take title to the property for up to 30 days, before flipping it, such as with a short sale property.  The great advantage to our Borrowers is the high loan to value loans we can offer, since the loan will be paid off within a month. This program requires a buyer under contract with approved financing on the back end.

 2/9/17

“Wealth flows from energy and ideas.”

William Feather

Rental Property Strategies

The Investor’s Source has two ways to fund your rental properties.  

Our six-month Capital Preservation Loan allows you to take advantage of great deals quickly with little or no cash down, then refinance soon after with a traditional lender, again with little or no money down as the refinance is based on the new, higher value of the property . 

Our two-year Wealth Builder Loan takes the stress out of having to refinance within the typical 6-9 month hard money time frame, giving you a chance to build your credit and/or reserves. Besides lenghtening the loan term, we even drop the interest rate!

Land Development Loans

The Investor’s Source has been a leader in making construction loans throughout Colorado. Due, in part, to the success of this program, we are now working with investors to help them develop land for larger projects such as new sub-divisions. These loans help to take a land parcel from a large chunk of raw dirt to “permit-ready”, entitled, properly zoned lots ready for building. Improvements & budgeted items include site engineering, permits, roads, bridges, fire suppression, sidewalks, landscaping & irrigation, utilities, proper drainage, and environmental compliance.  

 2/1/17

NEW and EXCITING things are happening at The Investor’s Source. Back up the truck, cause we’re growing and moving! As of March 6, we will have a new suite - same great building; just bigger space. Our business is growing because of YOU - our amazing Borrowers and Lenders - and we’ll need the space to serve you better, including additional loan officers to give you the best personal service possible.

TIPS/INFO
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.

7/5/16

“The best time to make friends is before you need them.”
Ethel Barrymore

Bridge Financing

Bridge financing allows home buyers or investors to take advantage of great deals
prior to finding an end-buyer for their investment property or while they are
arranging permanent financing to keep the property. It can also be used by
homeowners to help purchase a home while waiting for their current home to
sell. A third application is for a homeowner to borrow funds using the equity in
their home to fix it up for the purpose of getting it ready to be sold.
The Investor’s Source makes bridge loans for all of these purposes on both
investment properties and owner-occupied (primary) residences. We just need a
strong assurance that the property can be sold or refinanced within one year.
These loans, and using the equity in your primary residence for business purpose
loans, are the only loans we make that involve a Borrower’s primary residence.
Please talk to us for more details.

TIPS/INFO
Reality TV shows have people believing that rehabbing a house involves
slapping on a new coat of paint, hammering in a nail or two and selling the
property for a profit. This misconception has people believing that anybody can
renovate a house without experience. These shows have lots of entertainment
and inspirational value but don’t be fooled. Find people who know the
business, enlist their help, and learn what you need to know before you take
the plunge.

6/23/16

“It is more rewarding to watch money change the world than watch it accumulate.”

Gloria Stienem

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.

TIPS/INFO
When in the process of fixing up your property—especially one with lots of
potential - it can be tempting to want to make it “a little nicer” with upgraded
materials and fixtures and other “extras.” Those extras can add up quickly.
Don’t improvise too much. Start with a solid plan and stick to it.

NEWS
Why Investing with No Money Down night be a terrible idea

https://www.biggerpockets.com/renewsblog/2016/01/09/investing-money-money-bad-idea/

6/3/16

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

Henry Ford

Quick Closings
“How fast can you close?” is a question we hear almost daily, as investors often
need to close quickly to get their offers accepted. Once we receive your
application, purchase contract, BPO or appraisal report, and supporting
documentation, we can close comfortably in 7 to 10 business days - depending on
our loan load - much quicker than a bank. We’ll do everything possible to get your
deal closed when you need it to fund!

Bridge Financing - Bridge financing allows investors to take advantage of great deals on a new
property while they are finding an end-buyer for their current property or while they are arranging
permanent financing to keep the new property. It can also be used by homeowners to help purchase
a home while waiting for their current home to sell.
This program is perfect for:
1. The investor who needs to close quickly in anticipation of selling the property soon
thereafter, such as when purchasing a short sale to flip, which in most cases must be held
for 30 days before reselling it.
2. The buy and hold investor or homeowner who needs time to improve their credit and secure
permanent financing.
3. The homeowner who needs financing to purchase a new home while waiting for his current
home to sell, then using the proceeds to pay off the loan.
Investor’s Source bridge loans can be up to 1 year in term.

Our 6-9 month Fix & Flip Loan allows investors to acquire, improve, and resell
a property for profit with potentially little or no money out of pocket.
The Investor's Source, LLC will oan up to 100% of the purchase price and repairs
as long as the loan amount is 70% or less of the appraised after-repair value (ARV).
One of our goals is

Simultaneous Closings - Title Company

By: david Wednesday May 14, 2014 comments

Simultaneous Closings - Title Company

SIMULTANEOUS CLOSINGS - TITLE COMPANY "WILLS" AND "WON'TS" Contrary to conventional thought, many/most title companies will do double closings. There is really no reason they shouldn't, as it is merely two loan closings back to back vs. time passing between those closings. They follow the same procedures as far as recording the deeds of trust, releases, title insurance, etc. They just do it for two closings. And - they make more money. The more relevant question these days, is, whether they will do "dry" simultaneous closings... Read More