hard money ma: Why does the agent leave the lower priced comps out of the CMA?
- 03/27/11 12:56 AM
When a real estate investor buys a distressed property with the intention of rehabbing and reselling to an end buyer, those investors are frequently not agents, but they often work with agents to purchase the property. They also get CMA's from those agents to evaluate the end value of the property after rehab. The end value is the beginning point of evaluating the rehab budget and how much they can afford to pay for the property. Their offers are not usually based on the list price, they are, and should be, based on the end price, working backwards toward the offer … (4 comments)
hard money ma: Lending is hands-off real estate investing
- 02/11/11 12:10 AM
Part 4 in a series Lending money to real estate investors can be a lucrative way to participate in a project without running the project yourself. It can lessen your risk, because of where you stand in the line of people waiting to get paid. First, lets make it clear we are talking about real estate investment deals here - not a homeowner purchasing a home to live in. The real estate investor will probably sell to an end buyer, but a lot happens before that. Irving Investor is going to buy a property in disrepair, using some of his own … (0 comments)
hard money ma: Hard money borrowers are in trouble? Says who?!
- 01/06/11 01:42 AM
Hard Money Myth #2 Borrowers are desperate, in trouble and without options. The reality: Most hard money borrowers are solid, successful businesses that have circumstances or opportunities that do not fit well into the rigid structure of institutional lending. They choose the hard money route because 1. The property they are buying doesn't fit into conventional lending standards, or 2. The conventional lender will take too long for the opportunity in question, or 3. the hard money lenders are flexible in structuring transactions. In our case, since we lend hard money only to investors and companies on properties in NH and … (2 comments)
When a real estate investor buys a distressed property with the intention of rehabbing and reselling to an end buyer, those investors are frequently not agents, but they often work with agents to purchase the property. They also get CMA's from those agents to evaluate the end value of the property after rehab. The end value is the beginning point of evaluating the rehab budget and how much they can afford to pay for the property. 
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