Just the other day, I was watching an old episode of “Martin” and found myself cracking up at a business idea conceived by Cole, one of the characters. He came up with a unique venture called “Rent-a-Spoon”. The premise? Soup is free, but you have to rent the spoon to eat it. Absurd, right? However, […]
Scammy tenants are just as bad as scammy contractors. Have you ever heard of Mark Newton of New Jersey? If you have not, picture this: a smooth-talking tenant with an uncanny knack for living rent-free, exploiting legal loopholes, and leaving a trail of havoc in his wake. Mark was no run-of-the-mill rent-dodger. His modus operandi? […]
In the world of real estate investing, countless opportunities await. But beware! Like seashells on a beach, there’s an abundance of deceitful contractors ready to ensnare the unsuspecting. Avoiding a misstep is crucial, as the wrong choice can spell trouble for your investments. While the thought of purchasing properties and watching your portfolio grow is […]
Running a successful business is no easy feat. It requires a combination of dedication, hard work, and, of course, smart money management. However, many business owners unknowingly fall into bad money habits that can hinder their growth and potential. In this blog post, we’ll explore five common mistakes entrepreneurs make and provide practical tips on […]
When investing in real estate, whether you’re a seasoned veteran or a new player in the game, closing can be a nerve-wracking experience. With so many moving parts, it’s easy to get overwhelmed and succumb to the stress of the situation. But staying calm and level-headed during closing is crucial. In this blog post, we’ll […]
Low Credit Scores & Competitive Loans At The Funding Clinic, we always try to find a real estate investor the best deal with the least amount of fees. However, some Real Estate Investors may have low credit scores that don’t allow them to get the most competitive loan. If time allows, one of the first […]
One question that frequently arises during the loan closing process is the distinction between a wet closing and a dry closing. It’s a topic that can leave some clients feeling a bit parched, especially when they discover that some lenders only offer dry closings. Wet Closings In a wet closing, everything is finalized in a […]
The Importance of Title Insurance for Property Transfers In This Post: Types of Deeds and Buyer Protection If you’re thinking about transferring ownership of a property within your family using a quitclaim deed, there are a few things you need to keep in mind to ensure your loved ones are fully protected General Warranty Deeds: […]
In This Post: Small businesses often encounter difficulty when trying to stay afloat and remain successful. While there are no guarantees that any business will stay in operation for the long haul, there are certain steps that can be taken to increase the likelihood of success. Here is an overview of some common reasons why […]
You’ve put in countless hours of research, shopping around and preparing documents only to learn that your loan isn’t going to close. As a real estate investor, the last thing you want is for your mortgage loan to fall through. Knowing the most common reasons some loans don’t close is the first step in making […]
In This Post A Cash Man’s Blues “Hey, can I send you this money so you can pay the plumber?” I asked my long-term tenant. “Of course,” she texted back. Asking her to pay the plumber was far from ideal, but with me not living in that city and the plumber only accepting cash or […]
In This Post The lowdown on DSCR: What it is and why it matters for your business’s health DSCR. At first glance, it sounds like something you’d find in a medical dictionary, not a financial one. But, let us tell you, it’s just as important for your business’ health as a regular check-up is for […]
So, you’re in the market for a new car and you’re wondering if it’s better to shop for a car and secure financing all in one place at the dealership or get a car loan from a bank or credit union. Well, let me tell you, the answer may surprise you. In This Post ADVANTAGES […]
IN THIS POST Inflation got you worried that your property values will take a nosedive? Don’t hit the panic button just yet. In this article, we’ll put on our Sherlock Holmes caps and dig into the mystery of whether inflation and property values are truly mortal enemies. We’ll explore the reasoning behind the naysayers’ claims […]
In This Post First came the Pandemic…then came Real Estate and Inflation. The jury may still be out on whether we can officially call these times a recession, but inflation has definitely made its presence known, and it has had a significant impact on the economy. But what does this mean for real estate investors? […]