5 Ways to Find Wholesale Leads and Deals
One of the best ways to make the most on your investments is to find wholesale deals. But, how do you do that? Well, here are 5 tips from REIClub.com. Check them out!
Ready to learn more? Contact us today!
Check out this article from Bigger Pockets! There’s a brand new, enhanced way to look at the BRRRR strategy that could save you a lot of money.
It’s called BARRR: Buy, ADVERTISE, rehab, rent, refinance, repeat.
“Consider it a much-needed addition that has the potential to save you tax dollars, perhaps allowing you to take your spouse out to that super high-end restaurant downtown…”
Read all about the BARRRR strategy here!
Rates on the conventional side have maintained strong with rates in the low 3’s. If you’re still wondering whether or not you should refinance, we’re going to dive into what we call ‘The Tipping Point Rate.’
This week, we’re seeing more larger non-conventional companies dipping their toes back into the investor loan water. This gentle ease back in helps increase liquidity, but it still comes at a price: Lower LTVs and higher costs.
There is an exact rate where it’s wise to refinance. We call this ‘The Tipping Point Rate.’ This specific rate is the point where you won’t pay a penny more in principal and interest over the life of the loan.
Going above this point might increase your cash flow, but it will end up costing you more in the long run. Sometimes this means it’s better to stick with what you have now. We’re focused on putting more money in your pocket and less in the bank’s pocket.
This is for investors looking to increase monthly cash flow without adding lifetime cost of debt. So, if you’re solely concerned about your monthly cash flow, this probably isn’t the program for you.
Joe is an investor who is looking at refinancing to increase his cash flow every month. But not if it means paying tens of thousands of dollars extra to the bank in principal and interest.
Joe has been paying his current mortgage for 5 years. If he keeps the loan until it’s paid in full, he’ll end up paying $360k in payments over the next 25 years.
Joe wants to know the exact rate that he can refinance to a new 30-year fixed without increasing his amount owed. If it exceeds $360k, then he won’t refinance.
By knowing this exact rate, he can stretch his payments out and lower his interest rate without paying a penny more over the life of the loan.
Luckily, we have a handy program that can calculate just that. If you would like to know your own Tipping Point Rate, send us an email! We’ll run the report specifically for you and your property!
Note: Investor Real Estate Loans doesn’t currently lend in all states, but we are always happy to help and make sure you understand your numbers!
*All non-commercial and construction loans offered by TNS Loans NMLS #1719349
5 Things Fix-and-Flip Shows Don’t Tell You
Fix and flip shows present a skewed reality. There is a defined formula that’s followed throughout each episode. Every moment of the show presents the best experience of working on a fix and flip without including much of the hard work that happens behind the scenes.
Read the whole article here.
Do you want help with your fix and flips? Then check out our investor tools!
