Tips For Refinancing the Unseasoned, Recently Listed Investment Property

One of the most commonly asked questions concerning fix and flip real estate investment financing is how to refinance the unseasoned, recently listed investment properties. This is especially true for those investors that have houses on the market that are not moving and which were purchased with hard money.

Real estate investors in those situations want to refinance their houses and place them into regular, conventional financing to reduce their holding costs since interest rates through conventional means are about half of what they are on hard money.

I’ll be honest with you, these are some of the most difficult loans to close. What you’re looking to do is a cash out refinance on a vacant rental property that has been listed on the MLS within the last year. Most lenders out there simply refuse to touch this kind of deal…

Why? Because they don’t want to deal with these loans as they figure the only reason you are trying to refinance is… you want to strip your equity… and the minute you get a buyer, you will pay off the new loan. Lenders hate early pay-offs.

I read somewhere that a lender breaks even on the costs that it takes to set up and fund your loan at the three month mark. So if you pay off a lender in the first 90 days of the loan, the lender loses money. And, lenders absolutely hate to lose money.

The number of lenders out there that will do unseasoned rate and term refinances are considerable, maybe numbering 100-150 lenders. The number of lenders that will do unseasoned rate and term refinances on a recently listed property are few. I think you’ll find that only about 5 will do this type of deal. Not only will you pay for this type of loan in rate but also, about 100% of the time, these deals will have pre-payment penalties.

If you decide to keep the property as a rental, you may feel okay with the pre-payment penalties, but you might also have some explaining to do to others! You will need a letter of explanation for the underwriter stating why you pulled it off the MLS… And to assure them you will not be selling it anytime soon.

It’s nice if you can have your CPA write a letter saying the he/she advised you to pull the property off the market because it will be better for your tax purposes to hold on to it as a long-term rental rather than to flip it and take the capital gains hit.

One other thing to remember is that these loans are tough to do if the property was recently listed and almost impossible to do if the property is vacant. So, make sure you have a tenant in the property. Another tip is to make sure that when the appraiser comes to take a photo of your property and make the appraisal, be sure there’s not a “For Sale” sign in the front yard.

If you have such a sign, the underwriter will see it in the picture and it will be a definite “red flag” to them. It won’t hurt to have the sign removed for a few days, but will be a deal killer to have it there.

Deals like this may be difficult, but they’re not impossible. Find out more about how to finance your real estate investments by going to Financing Your Real Estate Investments []

How to Save Beaucoup Money When Investing in Fixer-Upper Houses! 5 Tips on Learning to Make Repairs

Let your knowledge of how to repair investment properties grow like plants in a garden. Follow my tips and you will be prepared to respond to any problem.

Here is how I learn new skills:

Stick to Experts like Glue

Always be there to help when the handyman or contractors do work on the house. Ask questions. Make mental notes of how things work. For example, every time a technician works on my air conditioner, I am right there on the roof with them, I see how they analyze the problems, I asked them what the different components and parts are called, and I ask how to identify other types of A/C problems. Now I know what to look for, and I can do what he did, if the same problem arises.

Take Community College Classes

Community colleges offer a smorgasbord of useful classes for the fixer-upper investor. I have mostly taken classes in electrical wiring, but done some plumbing and woodwork too. The classes are at night to accommodate working persons schedules. No snoozing at the back of class during boring lectures because the classes are focused on hand-on learning.

Start a Library

Take to heart the old saying “A house without a library is like a body without a soul.” I own least 100 books related to real estate buying, selling, repair, taxes, and tenant management, as well as several how-to videos. Every time I am at a book sale, I always cruise the aisle with the real estate books and the aisle with the house repair books.

I have more house repair books than any other kind of book. Before I start a new project, I consult a book to show how the professionals demonstrate how to do it. During a project, when I get stuck, I refer to a book to find the answer to my problem.

Sometimes, when I’m not working on a project, I like to browse though my repair books to get ideas for the future.

Ask Help at Hardware Stores

I have always had better luck getting answers to my questions at smaller hardware stores, like ACE, rather than at the big box stores, like Home Depot. When I was learning to lay carpet, I got some good advise on how to secure the carpet to the floor from a sales person. The people who work there generally seem to have the hands-on experience to offer useful advice.


This is an area that I often overlook, yet it is potentially the most useful tool to find repair information.

To find out how answers to repair problems, I just type in what it is that I want to do on Google. For example, “I want to change a washer on a kitchen faucet”. Usually several good links pop up that offer solutions to my problem.

When you need help repairing your fixer-upper houses, don’t get frustrated, get prepared!

Tips For Buying Mutual Funds Online

Buy Mutual Funds Online

When it comes to investing, whether it be to save money for retirement or pay for a child’s college education, it’s a good decision to buy mutual funds online. They’re typically safer than purchasing stock, as these funds are actually partially composed of stocks. If a person’s shares in stock were to fail, their entire investment could collapse, whereas with mutual funds, the failure of one portion of a portfolio does not doom the fate of the entire fund. Should you decide to invest, there are a variety of options for you to consider. If you decide you’d rather not buy mutual funds online, you can always go straight to a broker. The following article, however, is about purchasing your funds through the Internet.

Choose A Mutual Funds Company

Your first order of business should be to decide whether to invest in a company, or to put money in an account for trading. An example of a company to invest with is T. Rowe Price; in the case of an account, you can go to If you choose T. Rowe Price, you will have access to only their funds, however, this is quite the wide selection. There will be no fees for the funds that you choose, unlike with Scottrade, which does impose a fee, in return for an even wider variety of funds. Once you have decided which company you will buy mutual funds online from, you will need to set up an account. This can be done online, but at some point will need to either wire funds or send in a check to get your investment started. It will also be required that you set up your banking information so that future investments can be made.

Select Your Mutual Fund

Next comes choosing the fund that you will invest in. Before deciding, make sure to carefully go through the fund’s prospectus, or the main goal of the fund. You can read up on the funds through the website of the company you have chosen, or you can browse for general information online. When you buy mutual funds online, finding out about past performance will help you to decide the best place to invest your money. It is ideal to try to be as well-versed in the nature of a fund as possible before you finally make the decision to get behind it. Once you’ve made your decision, all that’s left is to decide on how you will be investing, and finally, purchase your fund. Your options include making a one-time investment, or setting up monthly payments. You will find simple and helpful directions on how to proceed with either option on the website of your choosing.

Effective Intraday Tips for NSE

With the cost of living increasing fast due to different factors like inflation, people are leaving no stone unturned to make an increasing number of income. And, one of the quickest methods of increasing your income is by trading in Indian stock markets. Such profits are an outcome of instability in the different stock exchanges, the main ones in India being national stock Exchange (NSE), and Bombay Stock Exchange (BSE).

However, people trying to make easy and quick money sometimes avoid the probabilities of going through heavy losses that can be an outcome of making impetuous decisions. Hence, all the trading and investment verdicts should be made based on well-studied information. Such information can be obtained in the type of intraday tips and calls, among other choices.

Novice traders as well as investors should know and look for proper help from a specialist and expert resource. There are different online stock tips providers available who are providing very relevant and helpful tips which include nifty tips, intraday calls, option tips, nifty calls, NSE tips, etc.

An individual can simply find different stock tips providers on the internet and evaluate their study, quality of services as well as brokerages. However, these calls and tips can also be provided via emails and SMSes so that you can quickly act upon them and take hold of the chances of highest returns on the investment.

But, before you select a stock tips service provider, you should look into different factors involving their commissions and different charges, their services and the quality, constancy, number of happy clients, etc. As these services are provided online, they have a tendency to be present on a 24×7 basis. With these types of services as well as knowledgeable decisions, your investment portfolio is bound to be reinforced.

Apart from that, a number of frauds scam and outrage surface every now and then in the share market based on the market liquidity and drift. So, an investor should be very careful as well as attentive before trading in these stocks as well as share related markets. Therefore, it is suggested to the new investors, traders and starters in the stock market to perform their transactions according to the rules provided by your stock broker specialists and experts.

To get effective intraday tips for securities exchange is very important; as it can help you grow step-by-step, and help in making you rich so that your cash will work for you in more feasible manner. Different companies are involved into the same and people to understand the importance of it and make your cash work for you in the best way.

Tips For Selecting the Best Investment Company

In terms of making the best investment, most individuals do not know exactly where to start. Bear in mind that investing is a fierce industry. Those who are not fully aware of what they are doing might end up losing their hard-earned money. And it is for this reason that most investors would want to get help from a reputable investment company.

3 Important Factors

If you start looking for an investment company, you must determine the 3 essential factors. First, you need to clearly identify your goals. These experts cannot actually help you if you do not have a clear goal. Second, new investment must perform some research regarding the background as well as the reputation of the company they want to work with. You have to make sure that it has an excellent track record and has received optimistic reviews from other investors. And third, you need to know that kind of relationships you want with the investment firm. Determining these factors will greatly help you in boosting your chances for success.

Choosing Your Goals – Your goals will have a huge impact as to what investment firm to work with. Most people today invest with 3 goals in their minds – to increase their wealth using minimal start-up funds possible, to reduce their chances for risk or loss, and to hire experts who can capitalize on all of the great opportunities accessible to them. It is actually okay for you to have different goals; however, those goals must be clearly laid out in a list prior to choosing an expert to work with.

Perform Research – Due to the fact that most people do not invest, they do not actually know how to perform research in an investment company. Well, there are also 3 things to consider – marketing materials, public trading records, and financial statements. All of these elements will yield a larger picture of how well an investment company is doing. It is important for you to look into how the company was performing in the past 5 years. Also, observe how the group performed while the market was both down and up. These pieces of information will help you properly evaluate your options.

Consider The Brokers – Few brokers are well-known in most markets. New investors like you must familiarize yourself with the career paths of the top performing brokers. Be reminded that it is normal for brokers to change companies from time to time. You must know how the companies were performing when such brokers worked with them. Moreover, you must also be aware of how the companies performed after they have left.

If you want to increase your finances, consider making investments. Be sure though to work with the best investment company to ensure success.