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wwwcffinvestorloanscom: My Advice? Buy a 4 plex - 10/17/07 11:36 AM
Community First Financial talks to hundreds of investors every month and there are some thoughts I would like to share with you on our experiences with investors, particularly first time investors.
One of the top questions I hear from investors is, What would you do?
If I could start my investing life all over again I would buy a FOUR PLEX as my first home. And when I say first home I mean first home. Most people buy their single family house, live in it as their primary house, then look to buy their first investment property. For those that are flexible and … (3 comments)
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wwwcffinvestorloanscom: Real Estate Investing? Be Patient! - 10/17/07 10:27 AM
Community First Financial talks to hundreds of investors every month and there are some thoughts I would like to share with you on our experiences with investors, particularly first time investors.
The question I hear the most for our investors is, How do I to get ready to start investing?
The answer for me is two parts.
Are you ready to invest?Are you patient?The key to investing is to be prepared financially, physically and emotionally.
Financially - Make sure you have your credit in order and you have an understanding of the financial commitment in order to invest. Understand cash flow, entry strategies and exit strategies … (6 comments)
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wwwcffinvestorloanscom: Refinancing your Foreclosures - 10/11/07 07:11 PM
I would like to shed some light on refinancing hard money loans. Hard money loans can have an interest rate ranging from 8% to 22%, so refinancing into a 7% loan can save you interest expense. Most hard money refinances I see come from the purchases of foreclosure. Since the future of forclosure investing is strong in most areas it is good to have an exit strategies from a hard money loan.
Things to think about with a hard money loan:
What is your interest rate?Are there any balloon payments due? When?Do you have an extension fee to extend the length of your loan period?Are you selling or … (1 comments)
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wwwcffinvestorloanscom: Rental Insurance Policy - 10/10/07 10:37 AM
Your current insurance company probably will cancel your existing policy if your property becomes vacant. You will need to review your insurance policy to see if occupancy is a condition for coverage. Call your trusted Insurance Advisor and take action.
The big question is? What are you planning to do with the vacated property? Are you going to rent it? You'll need to acquire an insurance policy designed for rental units. Are you going to try to keep selling it? In most cases, you may need to find a new insurance company. Most "standard" insurance companies won't insure a vacant dwelling.
For a vacant property policy the … (0 comments)
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Investor Loans
Scottsdale,
AZ
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Community First Financial, LLC
Office Phone: (480) 305-8900 x 305
Cell Phone: (602) 790-0210
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