As a sole actor in your nascent real-estate investment company, you are the only resource managing the process; from raising capital, finding the right property for the deal, building a budget, and working with all parties through to close.
Every day we get calls at Western Capital from fired-up, real estate investors needing financing for their first deals. Unfortunately, there are plenty of pitfalls that we see. Here are a few tips that can help position one for success.
We anticipate a trend where lenders will retreat to playing it safe by lowering their LTV (loan amounts to appraised value or purchase price), tightening restrictions on new construction purchase loans and demanding higher borrower credit scores.