One of the more cost effective marketing techniques available is a blast email.  It is possible to use ACT! to generate a template newsletter an send from your own account.   The main problem with this is the activity can get you tagged as a spammer.   That's really what you are doing, but you don't want your personal or work email account to start getting flagged by your recipients spam guard.  Further, there are regulations that you have to be aware of with regard to unsolicited email.

There is a great solution.  A third party service will allow you to upload your contact list and then begin your email campaign in earnest.

Once you have your list uploaded, you can proceed with:

*  Email newsletter to former clients to keep your name on their mind with regard to your service offering

*  Email to a contact list with a service offering that is Target to to their needs

The company I recommend is constant contact which offers a nice 60 day free trial.   I am sure there are others

Happy emailing :)  And remember the best most cost effective lead is a word of mouth referral!

Do you know any investors/ builders who have a ton of single family homes they have rented out but cannot obtain additional holdings due to fico/fnma restrictions?

How about a condo developer who had to resort to renting out the balance of his project?

A new loan program that I offer will provide a perfect solution! 

The progam is for investors of multiple residential properties (5 or more) where the total loan size is between $500,000 and $5,000,000.  WE CAN DO FRACTURED CONDO'S ON THIS AS WELL!  This allows the seasoned investor who owns 10 rental properties to put all the properties into one loan, which will free him up to start buying more residential properties again since all the existing loans in his name get paid off!  Better yet, we would close it in an LLC - which gives the investor added protection and less personal liability.  

Now here are the parameters: the investment properties MUST cash flow at 1.2 times.  LTV's are 75%.  Cash out is available but again, they must cash flow.  Releases will be granted after the 3rd year.  Credit score is not critical like stated but the credit can't be bad.  Tax Returns don't need to show income because qualifying is totally based on property cash flow.  

Rates on this product are SWEET - 7.125% fixed. 

Contact me at 816-875-3670 to discuss your deal today!

Douglas Dowell, JD.

One of the best options in the multifamily financing (5+ units) arena is the FHA construction to permanent loan program.  The program has may benefits and really only one major drawback.

The benefits are numerous.  The loan amount is up to 90% of the cost of construction.  The developer can include the developer fee in the 10% down further reducing the cash up front needed.   The majority of the construction cost such as architectural, engineering, financing fees are just a few examples of what can be financed in the loan. The loan is non-recourse in both the construction and permanent phases.  Once the loan converts to a permanent loan, it is possible to amortize over 40 years. 

The only major drawback is the time required for the FHA to underwrite the project.

If you have further questions about the program contact me at Douglas@myeagle.biz or 816.875.3670.  

 I often get a lot of questions on why commercial loans are typically more expensive both in rate and fee's and cost.  I thought a brief run down on the reasons might shed light on the subject if you are considering your first commercial/investment loan.

 Rate:

Commercial rates are almost always higher than residential for the same borrower with the same profile. The central reason is the risk.  The risk in a commercial project has historically been greater for a bank than single family homes.  The prospect of disposing of a commercial property sitting empty for a long time is a significant risk to bear.  Additionally, the commercial project is underwritten very differently.  FICO and employment are the central pricing/feasibility analysis in a residential loan.  Commercial is underwritten on the cash flow of the project...more subjectivity thus more speculation is required.  Thus Commercial deals inherently carry a higher risk premium.

Cost:

That leads to the second major difference in that the cost of acquiring a commercial loan vs. a residential loan. The appraisal and environmental reports can vary as much as 10 to 100 times the cost of a residential loan.  The commercial appraisal is quite lengthy and time consuming.

For a no cost feasibility analysis of your prospective project please contact Douglas Dowell, JD. at 816.875.3670 or via email at Douglas@myeagle.biz.  Visit us on the web at www.myeagle.biz for additional resources and analysis.