Property Portfolio Archives - Commercial Mortgage

September 13, 2023

Published by Bryan Hanley at September 13, 2023

5 Super Effective, Killer, Unique Ways Real Estate Investors Find Deals

Real estate investment is a dynamic and lucrative field that offers numerous opportunities for investors to grow their wealth. However, finding the right deals is often the most challenging aspect of real estate investment. While traditional methods such as working with real estate agents or scouring online listings can be effective, seasoned investors often employ more innovative and unique strategies to discover hidden gems. In this article, we will explore five super effective, killer, and unique ways real estate investors find deals. Driving for Dollars One of the most unconventional yet highly effective methods used by real estate investors is “Driving for Dollars.” This technique involves physically driving through neighborhoods, particularly those with high potential for investment, and scouting properties that appear distressed or neglected. This hands-on approach allows investors to identify opportunities that may not be listed on the […]

May 5, 2023

Published by Bryan Hanley at May 5, 2023

What is Freddie Mac Small Balance? (For multifamily 5+ unit properties)

Freddie Mac Small Balance is a lending program offered by Freddie Mac, a government-sponsored enterprise (GSE) that provides liquidity and stability to the U.S. housing market. The Small Balance program is designed to provide financing for smaller, multifamily properties with 5 to 50 units. These properties are typically owned by individuals or small businesses and are often located in less urban areas. The program offers competitive interest rates, fixed or floating-rate loan options, and flexible loan terms to eligible borrowers. It also includes streamlined underwriting and financing processes, which can make it easier for borrowers to obtain financing for their properties. Overall, Freddie Mac’s Small Balance program provides an important source of financing for small multifamily property owners, helping to support the availability of affordable rental housing in the United States. The maximum loan amount that can be borrowed through […]

April 27, 2023

Published by Bryan Hanley at April 27, 2023

Which Cities Have Rent Control?

There are many cities in the US that have some form of rent control, although the specifics of the policies can vary widely. Here is a list of some of the major cities with rent control policies: New York City, NY San Francisco, CA Los Angeles, CA Washington, D.C. Berkeley, CA Santa Monica, CA West Hollywood, CA Oakland, CA San Jose, CA East Palo Alto, CA Richmond, CA Hayward, CA Los Gatos, CA San Diego, CA Cambridge, MA Somerville, MA Brookline, MA Cambridge, MA Boston, MA Portland, OR Portland, ME It’s important to note that rent control policies are often subject to change and can vary in their specifics from city to city. Additionally, some cities may have other forms of tenant protection laws, such as just cause eviction ordinances, that provide additional protections to renters. Mortgage Rates Calculate Your […]

September 22, 2022

Published by Bryan Hanley at September 22, 2022

How long do I have to wait to refinance after buying property cash?

Home equity is a huge source of wealth, which most people can’t access without a mortgage. However, if you recently closed on your house and are unhappy with the conditions of your existing mortgage, you’re probably looking for a solution. The good news is that getting a better mortgage doesn’t require waiting. Read on to learn about the right actions to undertake if you’re unsure how soon you can refinance after purchasing a home. What does refinancing mean? Simply put, refinancing means switching out your old mortgage for a new one. The stipulations of your new mortgage will depend on the refinancing you pick. Here’s why refinancing might be something you should consider even if you currently have a good rate: You aim to lower your monthly payments by using a longer loan term or a lower interest rate (or […]

February 9, 2022

Published by Bryan Hanley at February 9, 2022

How to buy a Property Portfolio?

Investing in real estate is a lucrative business opportunity for many. The most beautiful part of it is there are many different niches to choose from when just getting started. An investor can decide to focus on single family rentals, or commercial spaces, or even self-storage. Often they decide to grow a portfolio of properties over time, by buying properties individually. However, the aggressive real estate investor whose looking to scale quickly can opt to instead purchase a property portfolio. While buying a portfolio of real estate works very similar to buying any other property, there are certain nuances that even the savviest investor needs to look out for. In this article, we will walk you through the process of buying a property portfolio, from start to finish. We’ll further outline the benefits as well as key items you’ll need […]