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Jules of Nature
occasionally subtle
Stranger Things
Today's Document

if i look back, i am lost
2025 on Tumblr: Trends That Defined the Year
$LAYYYTER
trying on a metaphor

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Product Placement

❣ Chile in a Photography ❣
we're not kids anymore.

Janaina Medeiros
Keni
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AnasAbdin
d e v o n
will byers stan first human second
Alisa U Zemlji Chuda

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@prosperityfundings
Training Day 1
Protected: Training Day 1
Private Money Made Simple – Training #1
Private Money Made Simple – Training #2
Post your questions and comments here.
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Bitconnect |How-To Set Up Account| & Earn 40% Return On Investment
The Bitconnect Coin is by far one of the most lucrative cryptocurrency platform I’ve come across. The greatest thing about this digital currency is its mixture of digital and fiat money. The best way to under stand cryptocurrency or digital currency is to think of it as. Unites States Dollars can be converted into the Euro or just about any other currency that out there. Same for the digital…
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Why Great Deal Aren’t Funded
Before we dive straight to the point, I would like to thank you for reading. First, we must understand the components of a great deal. Here are a few of the various.
1. Purchasing with equity (instant profit) This means knowing your market well.
2. Do not allow the ARV (after repair value) be the sole purpose as to why you're investing
3. If flipping neighborhoods that have a shorter Days On Market - 90 days max.
Through my experience I've been on both sides of the fence. Wholesale, fix & flip, short sales etc. Moreover now, I wear the Private Financier cap. What I come to notice by asking a few questions from clients and even reading stories here; on Bigger Pockets. The common denominators are deal structuring and underwriting requirements/knowing how the funding works.
Sometimes the way you want to structure a deal may not coincide with most lenders funds. Therefore simple re-work may have lenders flocking to you.
Ex: Client Structure - Refinance commercial properties to pay off taxes and current mortgages which are in default. This is a very niche market, from a lending point of view it's hard to lend on a property which taxes aren't paid on and the mortgage is in default. It doesn't matter if the property is cash flowing especially if the bill isn't being paid. This is where the questions of needing and LOE/LOX (letter of explanation) may come into play.
Re-structure: After reviewing client PFS (personal financial statement) there were several other assets which were more suitable to rectify his needs. Properties which are not in default, properties which are cash flowing, and are owned free and clear. It came down if client will want to use those assets or not.
Underwriting requirements and knowing how the funding works. I see this most often and we hold 1 hr+ classes explaining this disconnect. This is often highly misinterpreted. Which ever lender you use, it's detrimental to your time and pocket to have a full grasp of how their funding is structured and their underwriting requirements. I highly suggest, DO NOT move forward if you don't get it. I hear stories as to why people don't like this lender etc. When we dive in the detailssometimes I find that it's simple misunderstanding.
Few Things you'd want to know:
1. Are they funding based on AS is Value or After Repair Value (flipping)?
2. What's the LTV %? is it based on purchase price or value? This becomes tricky and very confusing for most.
3. When appraising property are they solely pulling comps of all distressed properties and or the lowest values to determine value?
4. Is credit a factor in determining approval?
5. Is a background a factor in determining approval?
This list can go beyond of what I've listed. I've narrowed it down to the common reasons that I've heard and that have came across my desk. Please feel free to add your comments and your stories.
Investing Terms & Definitions Pt: 2
ANCHOR TENANT/PRIME TENANT: In A Shopping Center Or Office Building, The Tenant Who Occupies The Most Space. Considered Creditworthy And Attract Customers To The Center.
ARBITRAGE: Buying In One Market, Selling Simultaneously In Another To Make A Profit.
ARV: After Repair Value
BALLOON PAYMENT: When The Loan Is Due. The Final Payment Of A Loan, When The Payment Is Greater Than The Preceding Installment Payments.
BANKRUPTCY CRAMDOWN: Before The BK Is Filed, The Note Holder Wants To Reduce The Selling Price To Avoid A Bankruptcy.
BASIS POINTS: 100 Basis Points = 1%
BPO: Broker’s Price Opinion. Less Expensive Than An Appraisal.
BRIDGE LOAN: Mortgage Financing Between The Termination Of One Loan And The Beginning Of Another Loan.
BUY DOWN: A Loan That Has Been Bought Down By The Seller For The Benefit Of The Buyer.
CA: Confidentiality Agreement (Usually Prefer The Term NDA). Agreement Designed To Protect Against Misuse Of Sensitive Information.
CAM: Common Area Maintenance
Investing Terms & Definitions Pt: 1
If you are novice to investing there are a few terms you should come to know. Instead of going through the school of hard knocks we'll go over a few.
Here at PF Solutions we often use a 1003 for our private money and hard money deals. Most often confuse this with traditional lending but this helps us faster determine your needs for funding as well as which one our lenders are best suited for you.
1003: 1003: Government Application Stating Income, Assets, Balances And Debt. Also Shows Employment History.
ABSORPTION RATE: Estimate Of Expected Annual Sales Or New Occupancy Of A Particular Type Of Land Use. Ex. A Total Of 2,000 Homes Are Available For Sale. Each Month 200 Homes Have Been Sold. 200/2,000 = 10% Monthly Absorption Rate
ADV: After Development Value
ADV: is used in the construction industry similar to but not to be confused with ARV.
AITD: All Inclusive Trust Deed. Wrap Around Mortgage. Taking Multiple Properties And Bundling Them Together. Ex:Taking Two Loans And Wrapping Together As One New Loan.
Bruised Credit Does Not Equate Your Fait
Because of economical changes over the past five years more people are dealing with credit issues. In retrospect it's not just the borrower it's also the lenders where this issue has hit closer to home. Employers in the mortgage industry have had to adjust their standards of hiring employees with flawless credit histories. In hindsight these expectations and timing has come due for lenders to do the same for small business owners and investors.
Mortgage professionals understand the problems that have resulted to the downturn. Many business and property owners have all dealt with cash flow and credit. This problem makes them "unbankable". Regulatory laws are what's keeping banks from meeting the need of the public; even when it's obvious that the issue has occurred due to the downturn. Most business owners and investors have been able to weather the storm and maintain. For these reasons along is why private money lending has become mainstream. In order to meet the peoples needs, needs can not be restricted. Alternatives to lending has risen. It's important for borrowers to know more about private money. There's a stigma of non traditional banking, high interest rates, loan term too short, and cash flow may be hindered. There's a softer side to private money, longer terms which are similar to conventional loans. These rates will not exactly resemble today's rates just slightly higher. In few cases credit in the 600's are a requirement.
Prosperity Funding Solutions we understand our clients needs and our resources requirements and properly connect you with the most appropriate lenders. For a smooth and fast transaction. Contact us with any questions you may have at [email protected]
Source: KAPNECK, T.
Vacancy rates are stabilizing nationally at 4.1% According to projections in a joint National Association of Realtors and Certified Commercial Investment Member Institute report, commercial vacancy rates should hold steady through first-quarter 2016. Industrial vacancies will likely decrease the most, from 8.9 percent in third-quarter ’14 to 8.3 percent in first-quarter ’16. Keep in mind these are now stabilizing due to new flexible loans which are coming available for SFH buyers. Therefore this rates will begin to rise in multi-family.