February 5, 2012

Commercial Mortgages | Apartment Financing | Construction Lending in Contra Costa SF Bay Area

Article by Jason Wheeler | Read our Feed | 925-285-2172

Do you invest in apartment buildings or are you buying a Commercial office building in the Contra Costa Bay Area in California?

Are you in need of a construction loan to fund your real estate project? Even in today’s volatile lending environment we have the resources to help you get your commercial financing in the Bay Area. We offer various loan programs and terms such as.

Loan Programs that we offer:

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  • Purchase
  • Refinance
  • Fixed Rate Loans
  • Adjustable Rate Loans
  • Construction Loans
  • Private Money Loans
  • Land Loans
  • Equity Capital for your Real Estate Projects also available

These are only a sample of the loan programs we offer.  For questions on these or any other program not listed, please give us a call.


 

 

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  • Commercial Loan Checklist   (Note below list is for a full doc loan for a Stated loan exclude tax returns) 

    • Summary Letter to include (loan request,interest rate request,term etc.)
    • Rent Roll
    • Financial Statement or 1003 Loan Application
    • Last 2 year Tax Returns (Business & Personal)
    • Property Description (size,location,age,# of units etc.)
    • 2 Year Income & Expense Statement
    • Photo’s of property
    • Purchase Contract (if a purchase)
    • Credit Report
    • Copy of Partnership Agreement (if a partnership)
    • Construction Cost Beak Down (if a construction loan)
    • Current Profit & Loss (if self employed)
    • Escrow Instructions & Preliminary Title Report (if available)

    Construction Loan Checklist

    Thank you for your interest in Capital Equity Inc. Construction Loan Program. In order to consider a Construction Loan we will need the following from you:

    • 1003 Loan Application
    • Personal Financial Statement
    • Entity Documents (LLC, Corp etc.)
    • Two years Federal Income Tax Returns
    • Copy of three most recent Bank Statement
    • Escrow Instructions(if applicable)
    • Title Insurance Policy (if available)
    • Copy of Land Acquisition Settlement Statement (if available)
    • Copy of the monthly Mortgage Statement
    • Copy of Soils Report
    • Environmental Questionnaire & Disclosure Statement
    • Copy of the Building Plans
    • Copy of the Construction Cost Breakdown
    • Copy of Construction Contract
    • Copy of Contractor’s Resume & Qualification

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If you need help with your commercial loan of if you would like to get a free rate quote don’t hesitate to contact us or call us so that we can explore your best options. Interest rates change daily and can be effected by your property or your situation so call us today with your scenario.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 |


 

Making Money In Real Estate Investing | Getting Started Full Time or Part Time | Five Tips for Getting Started

 

 

Posted by Jason Wheeler | Subscribe

When I talk to people about how I got started in real estate investing they often assume they don’t have enough time or money…

The fact is that when I got started I was waiting tables 6 nights a week in the restaurant business, and my mortgage business was not doing very well.

The people that find success in real estate often start part time while they work a full time job. The important thing is to get started somewhere. The key is to build a base, learn everything you can and create some contacts and mentors. By no means do you need this to be a full time endeavor at first. All of these are the reason why you should attend one of our free events. You will have an opportunity to meet others experienced and novice that want to help you succeed. You will also gain knowledge that will empower you to take action on those first deals. Finally we can show hundreds of resources to create capital for your projects.

One of the biggest misconceptions is having the money to get started.

Right now I can introduce you to over 300 non traditional lenders that want to lend you money for your real estate deals! If you really have the drive to get started investing nationwide or just locally you must start somewhere.

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Here are a Few Things to Do to Get Started Part Time


  1. Find a Mentor To Guide You: This is the first thing that you should do. Many mentors will help you but often not for free. That does not mean that you have to pay them a lot of money or get involved in an expensive coaching program. Often you can serve a mentor by offering your time, service in exchange to learn and ride his/her coat tails. So where can you find mentors like this?

  2. Attend Local Networking Events: Get online and search for your local Real Estate Investment Clubs or local events and Investor Forums where you can learn about opportunities and better yet network and meet people. You should not limit your networking to just real estate investment clubs. Check out groups like your local Chamber of Commerce, Rotary and BNI are also a great places to meet professionals that may refer you business and offer connections. A common misconception is that these groups don’t offer much to real estate investors. The fact is that they offer tons. Everyone is in real estate in one way or another. You either own or rent it and many are looking for ways to leverage it to get ahead and make money.
  3. Get Social Media Savvy: Start to utilize sites like Facebook, BiggerPockets and other social media to meet investors nationwide. Actually make these people into connections. Schedule phone meetings, ask questions and offer yourself to serve. You will be surprised who you meet. Most important you MUST create a website or blog. There are many ways to get this set up however if you want to be effective in your online marketing you must work with experts. Building a blog will create more business than you might imagine. You can get a site just like this one and customized to your business and style from the guys at Free Blog Factory. I’ve found if you look all over the internet you will not find better value in launching your social media endeavors.
  4. Be Consistent: Make a business plan. Treat it like a business and it will pay you. If you are starting part time you need to schedule some time each day, even if it is only two hours and dedicate that time to learning growing, meeting investors and business partners and prospecting for property.
  5. Find Property and Make Offers: The fact is you must take action. Once you’ve spent time learning and you have a solid mentor working with you, start finding property and making offers on real estate. Many area afraid to do so because they feel they can’t back out. This is not the case as you have inspection times and contract contingencies to get you out of the deal if it is not what you are looking for. Even if your first few offers fail the experience will boost your confidence and you will get better as you go.

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Patrick Esposito from Real Estate Pro Articles

Real Estate Investing: part time or full time?

When one gets the real estate bug, then it is logical to take this business to the highest level possible, as fast as possible. If you work full time at something, you will make more than if you worked part time. Right? All things being equal, probably. The standard rule of thumb is to start part time, and go full time when your part time income equals your current full time income. Most people who invest in real estate full time for a living have probably been doing this for a while, and have a reasonable income coming in. One of the great benefits of investing in real estate is that you could work at this part time, and still become wealthy over time.

When the time is right, you will know it. Don’t go at it full time, hoping to have a great year and make “good” money. People get involved in real estate to produce cash flow, yet if they quit their job to focus only on real estate, they are stopping their cash flow. Whether buying for long term rentals, or flipping for quick profits, you can make a substantial amount of money working part time. As you gain experience, you will develop skills to help you save time, and accomplish more. For example, you will know the right qualifying questions to ask. You will also be familiar with different areas, and will know which properties to follow up on, and which ones to pass on. You will be able to determine all of this without ever leaving your home.

Working full time can tend to put pressure on you to consistently do deals. Because of this, you may purchase properties that may be better to pass on. You become anxious to do that next deal, and even the mediocre ones start to look ok. They all have potential. You must know what you are doing. After all, you do this full time. Right? If you decide to invest in real estate full time, do not do it just to massage your ego. There are many ways to do that.

Build your base first. Your base consists of your experience, your knowledge, your motivation, your credit, your asset base, and your cash flow. All successful endeavors start with a plan, and short and long term goals. You may start part time, and have a goal to go full time after a certain amount of time. Build a strong foundation, which takes time, and your success is sure to follow. Remember to always be an informed investor. www.TheInformedRealEstateInvestor.com

Connect with Jason Online!

Facebook | Twitter | LinkedIn | Come to an Event

Until Next time Here is to your success! Jason Wheeler

 

 

Real Estate Investing Via Web 2.0

Post bubble recessionary real estate investing in a networked world pretty much nails this discussion, grab your web surf board and enjoy the ride.

In this article, I show you what is working in real estate today and how to use the web and automation to create stimulus you can immediately use to ride the crest of real estate investing opportunities today. You’ll be shown how to find, fund and market hot properties while generating large buyer and seller lists using the internet to do some of the critical heavy lifting for you.

There are a variety of reasons why the following types of property are hot, just know that single family homes (SFH), condo’s & town homes, apartment houses (Multi-Units), mobile homes & parks and vacation homes in many markets are on sale now. A few methods of finding and controlling these assets are: wholesaling, rehab & retail, buy, hold & rent, lease w/options to buy, assumption of existing mortgages, taking subject to existing mortgages and working the probates, auctions, foreclosure’s and short sales. (Buying bankruptcy, foreclosure, probate, tax lien, eviction and divorce lists works well too)

Granted it takes education, knowledge, research, follow through, strategy, funding sources and various alternatives to control these assets but these are all easy pieces of the puzzle when a guy like me is willing to help. Researching, locating, analyzing, negotiating, buying, selling or holding techniques can all be taught and their not that difficult to understand, it’s just a matter of getting good information and actually using it to do the deals.

Everyone knows that getting a mortgage is funding method number one for most but what about using 2nd & 3rd position notes, rehab loans, lines of credit, government stimulus programs, grants, private money, fellow investors, partners and owner/seller financing or maybe just using options to control without using any money for starters, this can all be taught so fear not weary credit crunched investor, I’m here to help!

Let’s not get ahead of ourselves here, it’s nice to have funding alternatives in place but you still need to find the deals and most often you had better find them at no more than 65% of value or .65 cents on the dollar if you hope to be successful in selling them to the next buyer for more.

These days you have a serious and very versatile tool at your disposal and that is the internet, the net allows you to market globally, capture and track leads 24/7, drive virtual traffic through your online front door, pre-qualify leads, post property, reports, whitepapers, articles, video’s and so much more. Getting a website up and running is easier than ever and creating an opt in box for the name and e mail capture of your visitors is a snap too, just know that these aren’t obstacles to your progress, it can all be outsourced very inexpensively, again using the web to do it.

Once you have a simple website with squeeze page (lead capture) set up then you can direct all your lead generating activities for buyers and sellers to it by putting your web address (URL) on your bandit signs, classified ads, flyers & newspaper inserts, direct mail letters, business cards, answering machines, for sale signs and so forth. I actually have a friend who will give you 10 websites a month for $27! Websites are easy. Get one or many!

Now that you have that virtual real estate property in place (your website) you should sign up at a few of the better known and highly trafficked social websites like: Facebook, Twitter, MySpace, LinkedIn along with a few real estate networking forums, these allow you to spread the word regarding what you do. Backpage, Craiglist, Kijiji, and other free classifieds posting sites let you tell people what you have; there are thousands of places on the web to post your message once you have a place to bring them back too.

Extra credit: Always carry a small pocket video recorder with you to capture, property, people, places and events, the Sony DSC-T700 is perfect for creating short videos to post on your website, Youtube, Facebook and property listing sites, people do business with people they know, like and trust, let them see you on film to help build those relationships over the web.

The internet allows you to set up systems and outsource just about everything that needs to be done allowing you to focus on the core money making aspects of finding great deals and selling those deals to others for a little bit more than you paid, even dead leads are worth $450-$500 each when you know where to sell them.

I briefly mentioned the reasons for having a website above now let’s get into the nuts & bolts of technology to lighten your load while your leads explode. First off I’ll ask you to take some type of action once you’ve finished reading, doing it now will create momentum and stop procrastination and fear dead in it’s tracks.

Let’s look at what a well planned out website can do for today’s busy real estate investor.

First off technology is great at automating routine tasks and initial follow up, web forms can automate distribution, marketing, contact management and customer service for starters, allowing you to use your website to explain, tell and sell 24/7.

By setting up informative articles banks, email auto-responders, frequently asked questions banks (FAQ’s) you can answer a lot of routine questions on autopilot. Now you have more free time to network with other investors, market deals, mentor new team members while you personally maintain contact with your bird-dogs and other support people.

When considering a website you should begin by asking yourself some questions:

• What is the purpose or desired outcome that I want from my website?
• What will visitors be looking for when they arrive?
• What type of pages will you want to have on your site?
• What will be some of the major features of your site?

Are you trying to attract buyers, sellers, distressed owners, other investors, trainees, bird-dogs? Consider the following as a basic outline from which to begin thinking about:

• Home page
• About us page
• Contact us page
• Available properties page(s)
• Articles page
• Newsletter & product sales pages etc…

Features may be:

• Seller information forms
• An online forum or bulletin board
• A live chat room and member area

This next tip will save you a lot of time, trial and error: Go look at other existing websites that are currently ranking high for the specific search terms of what you want your website to do! This is competitive analysis and it will show you the best of what is currently working now! Save those URL’s so you can show your future webmaster examples of how you want YOUR website to look like and do.

Here are few ideas on what you may consider outsourcing to other specialists who can assist you in the tech sector:

• Website development and updating
• Contact management and auto-responders
• Social book-marking, adding friends and videos
• SEO using articles, blogs and videos
• Database management, adding products and information
• Building landing pages and squeeze pages
• Graphic design and copywriting

It’s best to start with outsourcing the things that you do not know how to do, then begin outsourcing things that you do not like to do. If you want quality people you can trust at very good rates touch base with me and I’ll put you in touch with the people I use.

Hopefully you’ve picked up a few nuggets from the “Be A Real Estate Heavy Weight” series, feel free to Google that phrase to get all the in-depth answers you could ever want regarding what we’ve briefly discussed here today. Take action and you’ll succeed.

About The Author

Please visit www.bearealestateheavyweight.com for further information and resources from your buddy Dan.

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