Real Estate Investor Loans
In this discussion, we are
going to focus on real estate investor loans and how they can be used to acquire
the properties that you need to expand your real estate business. As with most
things related to real estate, the most common method of obtaining financing in
order to secure the income producing properties that you are seeking is to
acquire real estate investor loans that allow you to purchase a copy that you're
seeking while generating income from the rent that you receive by managing the
property on an ongoing basis. In today's economy, demand for real estate
investor loans had increased sharply despite the issues with the credit markets.
This, apparently, had been due to the fact that the downturn in the value of
residential and commercial real estate - investors that are well capitalized
have come into the market with the intent to purchase these properties at a
substantial discount.
Also one of the more recent
developments in the real estate investment industry is that many people are now
approaching banks to purchase properties that have entered foreclosure and have
ultimately become the property of the bank that lent the money to the individual
to buy the property initially. In many instances, banks are willing to sell
these properties at $.50-$.75 on the dollar. As such, a well capitalized real
estate investor then you may be able to acquire a substantial number of income
producing properties at a significant discount to ultimately provide the rental
income that is necessary to service your real estate investor loans but will
also will provide you with appreciation over the long term as the real estate
market finalizes its collection.
As it pertains to real estate
investor loans, the standards as it relates to obtaining traditional financing
for bank had increased significantly. This is primarily due to the fact that
that during the last 10 years the regulations and the standards required by
banks in order to obtain a real estate investor loans were substantially
lowered. As we have discussed in some of our previous articles, this was
primarily due to the fact that banks have stopped holding on to mortgages but
rather have sold them to third party investors that package them into large
loans or bonds that were sold to pension funds, insurance companies, hedge
funds, investment banks, and other financial stations that sought to generate
interest income from these package loans for collateralized mortgage
obligations. However, this has changed significantly over the last three years
has tighter regulations have become prevalent in legislation and banks are not
willing to take the same risks that they would in the past when providing
financing for real estate investments.
As such, if you are in the
market for a real estate investor loans then it is imperative that you have the
appropriate credit score in place, the appropriate experience in dealing with
real estate, as well as a 10 to 20% down payment that can be used in order to
further secure the loan. This, again, is due to the fact that banks and
financial institutions are no longer interested in selling their collateralized
mortgage obligations of the parties as much of the capital within this market
has dried up over the past three years. This trend is expected to continue for
at least another two to three years as the real estate market finalizes its
correction while concurrently having the credit markets finalize their
collection as it relates to taking good risks for their real estate investments.
In many instances, the programs that were once available five years ago as it
pertains to 100% financing, or even in some cases 125% financing, for real
estate investments has dried up. As such, you definitely need to be prepared to
make a significant capital investment into the properties that you intend to
purchase for income producing purposes. However, there are a number of creative
real estate financing strategies that you can use that will allow you to
capitalize on any equity that you already have other investment based real
estate properties that you own. In many instances, you can hypothecate the
existing real estate equity that you have for your portfolio of real estate
assets so that banks will not only lend to you based on the residential or
commercial property that you're seeking to purchase now, but also, you will be
able to tap the equity that you develop in your existing real estate portfolio
to act as collateral for the overall loan. This is becoming a very common trend
of people actively buy and sell real estate with the intent to not only generate
rental income but also with the intent to generate appreciation over a
significant period of time.
The ways that many people seek
real estate investor loans is by going directly to a bank in order to receive
the financing that they're looking for as it pertains to property acquisitions.
This is a very good way of obtaining the financing that you need in that you'll
keep working directly with a lender that will be providing you with the
financing in order to further your real estate operations. However, you may also
want to use a mortgage broker that has access to a number of lenders throughout
the
United States that can provide you with the
best real estate investor loan possible based on your credit score, based on
your experience within the real estate industry, and based on the specific
property that you're looking to purchase. Of course, mortgage brokers at work on
a commission basis and you can anticipate that you will pay a fee equal to 1% to
2% of the total loan amount for individual or a company that specializes in
mortgage origination that is able to provide you with the capital that you need
in order to acquire income producing properties.
In the past three years, since
the collapse of the credit and real estate markets, mortgage brokers have
received a very bad reputation for pushing very high priced and very expensive
loans on individuals that were not fully aware of the consequences of the
specific credit facility that they were seeking to obtain. However, if you are
very well versed in real estate financing and real estate investor loans then it
may be in your best interest to work for mortgage poker that can introduce you
to a number of different lenders that will provide you with the capital that you
need in order to further your operations. In this introduction to real estate
investor loans, we are going touch on a number of different subjects beyond
traditional commercial lending as it pertains to quietly income producing
properties. We will also discuss, this
article, as well as other articles, other sources of financing that you can use
in order to obtain the properties that you were looking to acquire. This is
especially true as it pertains to commercial real estate. In regards to
commercial real estate, many property owners are willing to now hold back a note
which is the equivalent of a mortgage then it you are seeking to acquire
commercial property that caters to retail stores and other businesses that are
conducting retail operations through the commercial property that you're looking
to acquire. When negotiating with a commercial real estate owner, you should
most definitely ask if they are willing to hold back a certain portion of the
equity as a subordinate secondary mortgage when you apply for traditional
financing for a real estate investor loans.
As it pertains to real estate
investor loans from, one of the things that have now become common among
traditional financial institutions, hard money lenders, and other entities that
extend credit for real estate acquisition operations has been the continued need
for a commercial property is a formal business plan that outlines the specific
nature of your real estate operations. TheFinanceResource.com has developed a
number of specific business plans as it relates to acquiring both commercial and
residential properties of a large scale
as well as on a small scale so that you can more actively provide your lender
with the information they need in order to render a credit or investment
decision. We strongly recommend that you review these business plans of the
offers will website as it pertains to your real estate buying activities. As we
have said time and time again, the best thing that you can do when approaching a
bank, investor, or other financial institution that provides real estate
investor loans is to be fully repaired to showcase exactly the properties that
you're looking to purchase while showcasing the general operations of your real
estate business. If you are able to do this you will be in a much better
position to receive the credit that you're seeking in order to further expand
their portfolio of income producing properties, both on the residential and
commercial basis.
As it pertains to real estate
investor loans, when the best places to start your research is to approach a
local bank that has a complete understanding of the specific market that you're
operating within as it pertains to your income producing real estate asset
purchasing operations. These banks, are far more likely to blame to you because
they have a greater understanding of the local real estate market and your
ability to place a lender within the property that you're looking to acquire. Of
course, if you are seeking to acquire property that already rented then you will
be in a much better position for receiving the real estate investor loan. If the
commercial property for residential property that you're seeking to acquire is
already producing a positive income from rental income then you will be able to
more easily obtain a real estate investor loans that you're seeking. However,
this is not always the case. This is primarily due to the fact that the banks,
when acquiring a commercial or residential property want to understand the
quality of the tenants that are currently leasing the property that you are
seeking to acquire. As such, it is again important, that you showcase very
clearly the property that you were seeking to acquire as well as the variable
expenses, property taxes, and other expenses that are related to the property
that you want to add to your real estate investment portfolio. If you able to do
this very effectively through a well developed commercial property acquisition
plan or residential property acquisition plan as it pertains to your real estate
acquisition operations then you will be any far better position to receive the
real estate investor loans that you have applied for from a financial
institution.
One of the things that has come
to light as of the last three years due to the fallout from the credit markets
is that you will need to have the appropriate credit in place in order to
receive the financing that you're seeking. This is primarily due to the fact
that banks make sure that you prior financial history is in line with developing
your real estate business over time. It should come as no surprise that a bank,
financial situation, or other lender will demand that you showcase your personal
financial history, your personal credit, your business credit, and existing real
estate business returns from the previous three years of your real estate
operations. As such, you should work very closely with your certified public
accountant to develop a plan as well as a presentation that clearly shows that
you are an active real estate investor and that you can continually service the
debt obligations that come with obtaining real estate investor loans.
As it pertains to banks,
financial institutions, and other lenders that specifically focus on real estate
the demand has currently shifted towards providing real estate investor loans
for individuals and real estate businesses that focus on acquiring residential
real estate. This is primarily due to the fact that residential real estate is
far less risky than commercial real estate. If you are currently engaged in the
business of real estate acquisition then it may be in your best interest to
focus on acquiring smaller properties that produce ongoing income from
residential properties. Again, banks and other financial institutions have been
focusing on residential property acquisitions as a far less risky proposition as
it relates to real estate investor loans. Commercial properties, of course, come
with the risk that the individual business that is housed within your commercial
property can fail. This is especially true in today's economic environment where
up to 65% of businesses are now at a failure rate for a five-year time frame.
However, if you are seeking to acquire a real estate commercial real estate
property that has a brand name tenant then you may be in a position to acquire
this property more easily especially since many large scale corporations that
rent real estate is it of a commercial nature tend to assign extensive leases in
order to further their operations as a retailer.
As it pertains to real estate
investor loans, we are to continue discuss alternatives that you can use in
order to obtain the financing that you need to acquire the income producing
properties that will expand your real estate portfolio over time. In many of our
future discussions, where to focus on things such as hard money lending, venture
financing, equity investor financing, an angel investor financing as it relates
to it developing and expanding your real estate investment business. This is
especially true if you intend to engage, primarily, in commercial real estate
acquisitions in order to produce income from traditional retail stores as well
as other businesses that are looking to develop a brick and mortar presence
within the properties that you own. Of course, as we have said time and time
again, it is always imperative that you seek appropriate counsel through
certified public accountants as well as real estate brokerages and business
consultants that have a specific focus on real estate prior to engaging in any
specific activities as it pertains to the acquisition of commercial or
residential real estate. If you are able to effectively have the appropriate
counsel in place, you will be in a far better position to make decisions as a
relates to acquiring real estate investor loans that are in their best interest
and that will ultimately provide you with the rental income and capital
appreciation that you're seeking to gain through the acquisition of income
producing properties.
On a side note, we do strongly
recommend that you purchase our guide to real estate investor loans and other
issues pertaining to real estate investing so that you can more fully understand
the specific nature of what goes into developing a highly profitable real estate
investment business. Thank you again for tuning into our article as it pertains
to real estate investor loans and will continue to provide you with new
insightful information as it relates to acquiring real estate investor loans for
your continued expansion and development of your real estate business.