christopher hills: RENTAL PROPERTY MAINTENANCE TIPS FOR THE BUSY REAL ESTATE INVESTOR - 06/04/18 06:45 AM
If you’re just starting out in the rental property business, you might not have sufficient funds to hire a full-service property management company. That’s why it can be a more cost-effective solution to oversee your rental property maintenance yourself. However, in order to maintain the condition of your rentals, as well as your reputation, it’s critical to be organized and work with reliable maintenance professionals. Otherwise, you risk damaging your property and providing subpar service for your tenants. Keep the following tips in mind:
Determine precisely what rental property maintenance needs to be done
Depending on the type of property, it will usually … (1 comments)

christopher hills: HOW PRIVATE MONEY LOANS CAN BENEFIT REAL ESTATE INVESTORS - 05/18/18 07:09 AM
As banks make it increasingly hard to obtain real estate investment loans, investors are turning to private money loans to bridge the gap.
A private money loan comes from a private lending company rather than a bank. The money is often available in days instead of weeks, with less-strict requirements for credit history. Private loans enable cash offers with less hassle. Ultimately, they streamline the real estate investing business, giving investors a powerful tool to act on profit-making opportunities.
What is a Private Money Loan?
A private money loan is a type of financing real estate investors seek for fix-and-flip or long term rental properties. … (0 comments)

christopher hills: How to Budget for Fix and Flip Renovations - 05/15/18 06:08 AM
  The key to making money from flipping houses is to accurately predict how much you’ll spend on rehabbing each property. This allows you to estimate the profit on the projected selling price. However, getting the budget right isn’t easy—especially when you’re new to the business. Here’s how to create an accurate budget for fix and flip renovations.
Pricing out the Work
You can’t calculate a budget for fix and flip renovations until you know exactly what work needs to be done to rehab the property so you can get your desired selling price. Begin by asking a local realtor what … (0 comments)

christopher hills: Important Rental Property Renovations to Remember - 05/15/18 06:04 AM
  Truly essential rental property renovations differ from the ones we’ll make when dealing with a fix-and-flip. When renovating for a rental, we’ll want to move away from wow-factor and instead increase the property’s efficiency and livability.
A good guideline? Renovate to the standard of the neighborhood. Do nearby rentals have fresh paint, minimal landscaping and Corian countertops? Then that’s the zone we’ll want to hit when making renovations. Use the tips below to get the most mileage from your rental property renovations’ budget.
Clean Before You Renovate
Save money on rental property renovations by zeroing in on what’s actually essential. … (0 comments)

christopher hills: THE 4 Most Common Commercial Mortgage Mistakes-Mistake 1 - 05/14/11 06:03 AM
Investment (ROI). In buying or selling commercial real estate, the financing can make or break the deal. The best commercial mortgage for you is the one that maximizes your ROI. It seems obvious, but when it comes to shopping for a commercial mortgage it is stunning how little attention to profitability the average investor makes. In fact, I see the same mistakes over and over and often these mistakes lower, or even wipe out, the entire return on the investment. Over the Next 4 weeks I will look at the 4 most common mistakes people make when choosing a commercial mortgage … (0 comments)

christopher hills: 23 Ventures Spot Factoring - 04/15/11 02:43 AM
There is a fast, flexible, cost-effective solution to cash flow & workingcapital problems

23 Ventures provides short-term cash flow assistance for businesses by purchasing your selected accounts receivable invoices.


Because interface offers our clients a use-it-as-you-need-it transaction each “invoice purchase” is a separate transaction and does not form part of a portfolio-lending approach



The 23 Ventures transaction is modeled on a “buy —sell transaction”

On being approached by a prospective client 23 undertakes a due diligence program that typically takes about 4-5 business days Once completed the client is at liberty to offer invoices to … (0 comments)

christopher hills: Commercial Real Estate Could Offer Good Hedge Against Inflation - 04/13/11 01:51 AM


Written by: Victor Calano  
 
With higher inflation possibly looming in the United States, already having made its way to countries like China, experts wonder if commercial real estate will provide a good hedge against it. Read more about this in the full article from National Real Estate Investor.
It seems to be only a matter of time before higher inflation makes its way into official U.S. figures. Countries like Brazil and China are already struggling with it, and even countries with unused capacity like the United Kingdom have to deal with faster than expected price increases.
Food … (0 comments)

christopher hills: Receivables Factoring Gives Companies a Competitive Edge - 03/31/11 02:58 PM
Receivables factoring is moving to the forefront of business financing techniques used by staffing companies to cope with cash flow challenges that come with rapid growth.
Staffing agencies are playing an increasingly important role in meeting the personnel requirements of many companies that remain reluctant to hire permanent employees in the still fragile economy. With demand for their services skyrocketing, staffing firms are faced with chronic cash flow problems, as they struggle to make payroll and pay for rising overhead before ever receiving the first dime or revenue from their new clients. And like many other small businesses, staffing agencies have … (0 comments)

christopher hills: Factoring Program-Full Notification, Non- Recourse - 03/31/11 03:08 AM
USE OF FACTORING FACILITYProject Financing, Business Growth Financing, Business Acquisition Financing, Bridge Financing, Financing Working Capital Needs, Realization of Supplier Discounts, Crisis Management, Debtor-In-Possession (DIP) FinancingProgram is available nationwide.CLIENT PROFILE:     We will provide factoring to a broad array of industries with good quality receivables. FACTORING/SALES VOLUME:Annual factoring volume of $500,000 - $100,000,000.RATES:Typically between 2.5%-3.0% of the face value of the purchased invoices for each month that account receivable is outstanding. No other fees charged either on the dollars outstanding or for the facility.FACTORING TERM:Generally two years.COLLATERAL:UCC filing on all assets. (Will subordinate or release on assets other than Account Receivables to … (0 comments)

christopher hills: New Commercial Bridge Product - 03/30/11 04:17 AM
The Bridge Loan Program is ideally suited for property repositioning, value-added transactions, temporary financing for pre-HUD take-out financing, and 1031's.
 
ELIGIBLE PROPERTIES:  Multifamily, Office, Retail, Hospitality, Industrial. No land developments or construction.
LOAN AMOUNT:  $3,000,000 minimum - No maximum.
MINIMUM DSCR:  1.10x As-Is / 1.25x at Exit.
MAXIMUM LTV:  90% As-Is / 80% at Exit.
LOAN TERM:  1-3 years, extension options available.
AMORTIZATION:  Interest-only or Fixed.
LENDER FEE:  Origination and exit fees to be determined.
TAX AND INSURANCE ESCROWS:  Monthly deposits required.
REPLACEMENT RESERVES:  Monthly deposits required.
REQUIRED REPORTS:  Narrative MAI Appraisal, Property Condition Assessment and Phase I Environmental.
PREPAYMENT:  … (2 comments)

christopher hills: $850,000 Mixed Use Purchase-SBA 504 Loan - 03/28/11 01:32 AM
Where: San Francisco, CA
 
Type: This was the purchase of a building and land by the Restaurant that occupied it. Typically a simple 504 transaction however this deal had some wrinkles-what deal doesn’t today? The first was that the father was selling it to the children which some lenders will not consider. In addition, the restaurant had not been opened two years and it was not an SBA approved franchise restaurant. Still, it had good numbers, was very successful, and the operators had good credit and enough assets for the money down. In the end, we closed it in 60 … (2 comments)

christopher hills: HELP YOUR CLIENTS TAKE CONTROL OF THEIR DESTINY! - 03/17/11 01:19 AM
With a 401K/IRA Rollover product.  I had a client that had the desire to open a Firehouse Subs and build something for her future.  Problem was, she did not have the experience and collateral combination needed to get an unsecured business loan for the restaurant start-up (something I do a lot of for Firehouse Subs). But, she DID have a 401K with $300,000 in it which had done almost nothing for the prior 10 years and that is about what you need to open one of these from concept to opening day.  We rolled the 401K over into a Self-Directed IRA … (3 comments)