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
“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.
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.
8 Traits of a Top-Tier Tenant – And How to Spot Them
April 4, 2021
“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!
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.
Single Family vs. Multifamily Rentals: Which Investments Is Right for You?
February 4, 2021
"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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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.
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.
5 Reasons why Section 8 Tenants Are the Best Renters
February 1, 2021
"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.
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!
The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)
January 21, 2021
“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.
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!
9 Ways to Save Money You Have Probably Never Tried
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!
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.
The Definitive Guide to Tenant Screening
Investor Source Hard Money Lender in Colorado