Real Estate Podcast Microphone

My Appearance as the featured Guest on The Real Estate Guys Radio Show Podcast

For years I’ve listened to Robert Helms and Russell Gray, the promulgators of the The Real Estate Guys Radio Show Podcast. It is, and has been the #1 downloaded podcast on real estate investing for quite some time now. They have built a large following of thousands of listeners by focusing their content on high quality real estate investing education.
They have had so many amazing guests over the years which have included Robert Kiyosaki, Steve Forbes, Donald Trump, Peter […]

5 ways real estate investors get paid

The 5 Ways You’re Paid In Real Estate Investing

The following post was first published on Keith Weinhold’s “Get Rich Education” blog, and is re-published here with the author’s permission.
Most people know that real estate has made more ordinary people wealthy than any other investment vehicle.

But they don’t know how.

Real estate is a “multi-dimensional” investment class. This means that you’re paid multiple ways simultaneously. Five, in fact!

Let’s briefly explore each of your five with a simple example, and we’ll add up your rates of return to see how […]

Apartment Complex

What is MIP in HUD Multifamily Loans?

Mortgage Insurance Premium, commonly referred to and abbreviated as MIP, is something unique to FHA Multifamily loans. The Federal Housing Administration (FHA) is a division within the U.S. Department of Housing and Urban Development (HUD). The purpose of the FHA is to provide mortgage insurance on loans made by FHA-approved lenders throughout the United States.

FHA insures both single family and multifamily properties. In the multifamily commercial world these loans are commonly referred to as HUD loans. Technically, HUD is […]

Apartment-Store Front

How Can a Non-Recourse Loan Help You as a Real Estate Investor?

There’s a good chance you’re already familiar with the concept of a non-recourse loan, but to help illustrate it, let’s define its exact opposite—a recourse loan. Let’s say you take out a loan to buy a car. As a provision of the loan, the lender can require you to sign a personal guarantee upfront—also known as a recourse term. This allows the lender to take possession of the car if you fail to make payments.

The same is true with […]

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Avoid These 5 Pitfalls in Multifamily Investing

Investing in a commercial multifamily property can be an exciting opportunity with promising results.  In the right market, it can be a goldmine, but there are five common mistakes that keep investors from maximizing the return on their investment.  Do you know how to identify and avoid these pitfalls before they hit your pocketbook?  Here are some tips we think you will find invaluable.

1.  Underestimating the Cost of Turning Units

Even if a multifamily commercial property is occupied, you may […]

Bridge Loans

When Would a Multifamily Bridge Loan Be Most Advantageous?

Here’s the the good news: you’ve found the ultimate multifamily property that you’ve been looking for.

The bad news: you don’t have the funds needed to transition ownership within the seller’s timeframe, and for whatever reason, your current financing options are limited.

Many prospective property owners in this situation have seen investment opportunities disappear because they weren’t aware of alternative financing options. But here’s some additional good news: you are not destined to miss an opportunity simply because you can’t finalize […]

Freddie Mac Multifamily

Understanding Freddie Mac and Fannie Mae in Multifamily Lending

If you own or are considering owning multifamily housing units, you have likely heard the names “Freddie Mac” and “Fannie Mae”, but how much do you know about these two enterprises? It’s important that you clearly understand the services they offer to ensure you get the best loans and best options for acquiring and owning rental housing.

An Overview of Freddie Mac Multifamily

Freddie Mac started as a nickname for the Federal Home Loan Mortgage Corporation (FHLMC), but in 1997 they […]

avoiding-multifamily-loan-pitfalls

3 Pitfalls to Avoid When Seeking Out Multifamily Financing

“An ounce of prevention is worth a pound of cure” – Benjamin Franklin
Most buy and hold real estate investors get their start in residential markets, and this is often because they are already familiar with the mortgage products that make their investments possible. Residential mortgages can be obtained for properties with up to four units. But once investors cross the threshold to five or more units, they must obtain commercial financing.

Commercial mortgages obviously differ from residential mortgages (a topic […]

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Top 10 Things to Know About Multifamily Financing

Many of the clients I work with, who are new to commercial real estate lending, have a lot of questions about how these loans work. Because there are so many different facets to commercial multifamily loans, the purpose of this post is to introduce the 10 most important things to know about obtaining a multifamily commercial real estate loan.

Line It Up Before You Need It

Any competent loan officer and underwriting team will always do their best to expedite […]