IS Hard News & Views
“A bank is a place that will lend you money if you can prove that you don't need it.” Bob Hope
How do you qualify for a loan with The Investor’s Source? Although the loan is based primarily on the strength of the deal, we do review your credit and your overall financial profile, experience as an investor, reserves, and income. In other words, a less than perfect credit score isn’t a deal breaker, as long as you can demonstrate financial integrity.
“Our lives are a sum total of the choices we have made.”
RENTAL PROPERTY STRATEGIES
The Investor’s Source has two ways to fund your rental properties:
Our short-term Capital Preservation Loan allows you to take advantage of great deals quickly with little or no cash down. First, find a great deal. If it’s strong enough we’ll finance up to 100% of the purchase price, closing costs and rehab. Next, fix it up and refinance with a bank to pay off our loan in full and you’ve potentially saved yourself a significant chunk of money.
Our two-year Wealth Builder Loan takes the stress out of having to refinance within the typical 6-9 month hard money time frame, giving you a chance to build your credit and/or reserves. We may even be able to extend the loan at the end of its term.
“Time is money.” Benjamin Franklin
“How fast can you close?” is a question we hear all the time. Once we receive your application, purchase contract, and appraisal or BPO, we can easily close in 7 to 10 business days – much quicker than a bank. If you need to close even faster, we can often accommodate you, though an additional point may apply.
“Don't let the fear of striking out hold you back.” Babe Ruth
Proof of Funds
If you need a Proof of Funds letter in order to make a quick offer, we can pre-approve you within 24 to 48 hours with minimal documentation required.
Private Lending Webinar
Our webinar, "Private Lending as an Investment Vehicle" is now on You-Tube. Please watch/listen when you can at
Bridge financing allows investors to take advantage of great deals prior to finding an end-buyer for their property or while they are arranging permanent financing to keep the property. It can also be used by homeowners to help purchase a home while waiting for their current home to sell.
“There are three constants in life... change, choice and principles.”
As we’ve discovered, no two hard money deals are alike – and when it comes to funding, a “one size fits all” approach doesn’t always work. Thus, we’ve adopted a more flexible approach to calculating our rates and terms to suit the individual deal, often making the impossible . . . . possible!
“In order to carry a positive action we must develop a positive vision.”
Rental Property Wealth Builder Loan
Our popular two-year hard money loan is designed for the colorado investor who wants to acquire as little as one – or as many as an entire portfolio - of profitable rental properties and not have to refinance in the traditional 6 to 9 month hard money loan period.
“Do what you love and the money will follow.” Marsha Sinetar
Expand Your Horizons
When looking for deals, keep your eye on areas with expanding potential.
Fountain, Colorado City, Grand Junction, Greeley, and other smaller markets in Colorado can be goldmines, and much less competitive.
“I don't know the key to success, but the key to failure is trying to please everybody.” Bill Cosby
Ever heard the term Flash Cash? When you are buying and reselling a property at the closing table (i.e. “double” or “simultaneous” closing), we can provide the funds for the “A” closing at a significantly reduced rate. (We can fund the “B” closing as well). Check out our blog (in the Resources tab above) that addresses title company requirements for this type of transaction.
“Spring is nature's way of saying, 'Let's party!' Robin Williams
A hard money loan is not just for the credit challenged . . . .some of our best clients have the cash to purchase a property or two. Then why hard money? Leverage! They can purchase 3 or 4 or 5 or 6 properties . . . .
“It is more rewarding to watch money change the world than watch it accumulate.” Gloria Steinem
IS Wholesale Deal Network
Want the inside scoop on the latest hot deals? Go to our website home page and sign up now to become a part of the IS Wholesale Deal Network. You’ll receive advance notifications on some of the best deals around!
"Coming together is a beginning; keeping together is progress; working together is success." Henry Ford
The Investor’s Source finances new construction in Colorado! If you’re building a single-family or multi-family residence, or a contractor constructing a custom-built or spec home, a hard money loan can be a smart way to finance the construction with a lot less red tape.
Investor clubs are a great source for finding people to compose your power team - brokers, bankers, hard money/private lenders, title companies, contractors, and partners. Check our "Resources" tab up above to find links to local clubs and calendars.
“Wealth flows from energy and ideas.” William Feather
Fix and Flip Loan Our 6- 9-month loan Fix & Flip loan allows an investor to acquire, improve, and resell a property for profit with potentially little or no money out of pocket. The Investor’s Source LLC will loan up to 100% of the purchase price and repairs as long as the loan amount is 70% or less of the appraised after repair value (ARV).