The Investor's Source LLC

09/10/2024

11/21/2022

RECENTLY CLOSED DEALS
Our borrower is going to purchase a commercial property, currently being used as a nursery school and convert it into a short-term rental property. He will need to perform a change of occupancy and make some renovations to the interior before he can complete the conversion. The property is a historic building that has a log cabin feel which will provide a unique experience for future occupants. The lot is large enough to be subdivided to accommodate additional buildings as well. The property is already legally divided into 3 lots will make this fairly simple.

11/21/2022

TIPS/INFO

Follow Up
A “no” to your offer could be a “yes” in a month. Follow up with private sellers who weren’t listing their properties on the MLS.

NEWS
Investing In a Volatile Economy: Is Real Estate Still an Option?

The economy is shwoing some serious indications of recession. Is now the time to be investing in real estate? Let's talk about it in this article.

11/21/2022

QUOTE
“There are three constants in life... change, choice and principles.”
Stephen Covey

GET TO KNOW US
Property Valuation

As every investor knows, an accurate property valuation is vital to the success of a deal. Before we commit (or ask you to commit) to any deal, we perform a thorough valuation based on comps, then order an appraisal or BPO (Broker Price Opinion) to substantiate our findings. We review the rehab plans and budget. Last but not least, we visit the property to get a physical sense of its condition and of the neighborhood. The Investor’s Source has a solid track record of determining realistic property valuations that put the deal into the right perspective.

09/29/2022

RECENTLY CLOSED DEAL

This borrower purchased a turn-key townhome in Lincoln NE. The property is in rent-ready condition, a few cosmetic repairs will be made to upgrade the property to attract renters. The borrower plans to refinance the property as soon as it is rented. You can use a hard-money lender for more than just fix & flip, or construction. There is less “red-tape” in hard money lending which can make purchasing the property less of a hassle, and then you can refinance with a traditional lender when you are ready, which tends to be less of a burden than the new purchase process.

09/29/2022

REFERRAL
If you are looking for what we think is the best builder in the Woodland Park/Colorado Springs area, give 5 Star Home Construction a look. She builds beautiful homes.
https://www.5starhomeconstruction.com/home

"Need funding for your next deal? Call us at 970-635-2397. No deal too big, small or too far out of the box!"

A TOP PERFORMING BUILDER IN TELLER AND EL PASO COUNTY. Contact Us “Our team looks forward to working with you to make a house your home by adding personalized finishing touches to our product. Featured Custom Builds     Follow New Listings and Open Houses Contact Us

09/29/2022

NEWS
3 Critical Questions to ask yourself before buying an Investment Property.

Before you buy an investment proeprty, make sure you have a clear understanding of how you'll make money from it. This article goes over three questions to ask.

09/29/2022

TIPS/INFO

Title Companies
Not all title companies are created equal. Although most local title companies are extremely professional and reliable, like any business, some are more efficient and dependable. It’s always a good idea to ask for references if you are part of the title selection process.

09/29/2022

QUOTE
“Wealth flows from energy and ideas.”

William Feather

GET TO KNOW US
Credit Challenged

Once you get the property under contract, we’ll be happy to help confirm your projected value by doing a quick valuation in our office followed by a formal BPO or appraisal.

09/09/2022

RECENTLY CLOSED DEALS
One of our borrower’s had an opportunity to purchase a property where the seller was willing to carry a portion of the purchase price, making the deal more feasible and keeping the borrower’s cash in the deal low. The borrower plans to do extensive rehab to the property and refinance once the value has been increased.
There are plenty of ways to get creative with financing, if you don’t have the money to put down on a property, you can always explore the option of the seller carrying some of the cost, then letting the Investor’s Source take care of the rest.