Financing

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Piggyback Credit Histories to Increase Your Credit Score

A good credit score can save a real estate investor thousands of dollars in interest payments over the course of a mortgage loan. And a poor credit score can block financing at the outset. So how does one with a low credit score get it up, so to speak. Well, there are [...]

5Feb2008 | Rob | 16 comments | Continued
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5 Tips to Improve Your Credit Score

Maintaining a solid credit score is critical for real instate investors. In a recent article, we looked at theimpact of your credit score on mortgage interest rates. Today, we are going to describe 5 tips to help you improve your credit score.

Order your credit report and check for errors: Your credit score [...]

27Dec2007 | Rob | 3 comments | Continued
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The Impact of Your Credit Score on Mortgage Interest Rates

Capital is the lifeblood of a real estate investor. And the cost of that capital can mean the difference between positive and negative cash flow. Mortgage lenders will set that cost based on your credit score. In this article, we’ll look at the most widely used credit score and its impact on mortgage [...]

21Dec2007 | Rob | 3 comments | Continued
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Using a Self-Directed IRA to Invest in Real Estate

One of the toughest hurdles for an investor to grow his real estate investments is raising capital. A self-directed IRA may be the answer. The term “self-directed IRA” actually refers to the administration of the IRA rather than the type of retirement account. A traditional IRA, Roth IRA, or SEP-IRA can be [...]

17Dec2007 | Rob | 7 comments | Continued
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How Much Money Do You Need to Start Investing in Real Estate?

When Rob and I started our joint venture or “adventure,” as the tag line suggests, I had more experience in dealing in real estate. If Rob had posed this question, my answer would have been easy: “How much you got?” I’ll try to be a bit less glib with your money. But [...]

14Nov2007 | Mike | 14 comments | Continued
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New Lender Roadblock–Trying to Sell Now May Foreclose the Option of Refinancing Later

Recently, we’ve seen endless references to tightening lending standards in the wake of the mortgage crisis. This past week I ran smack dab into one. I’ve been in the process of refinancing a short-term loan on an investment property that I purchased about a year ago. (One I bought without Rob. Shhhh.). I financed [...]

30Sep2007 | Mike | 0 comments | Continued