Top Real Estate Investments in Houston, TX 77218
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TIDAL LOANS
By RobParker July 27, 2018
Used the hard money lender for the first time last month. Very experienced team that walked me through a pretty extensive rehab. Would def recommended them, solid team. ...read more
We Buy Houston Houses for Cash
By Deer Park Pool Builder - Team Aqua Pools July 23, 2018
They were very helpful and understanding. They helped me out get rid of a house that needed to many repairs! ...read more
Big State Home Buyers
By KevinDavidson July 21, 2014
Awesome doing business with Big State Home Buyers. Alison is very professional and will be important in growing the relationship. ...read more
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Top Real Estate Formulas Every Real Estate Investor Should Understand
Debt Service Ratio Debt Service Coverage Ratio(DSCR)is the amount of cash flow available to meet annual interest and principal payments on debt. =Net Operating Income/Debt Service Example: Noi: $15,000 Annual Debt Service $10,000Debt Service Ratio= $15,000/$10,000=1.5 This number is not very important for residentialHard Money LendersandPrivate Residential Lenders. However, it is a very important number to Commercial Real Estate Lenders and Banks. The Debt coverage ratio measures the project/company ability to maintain its current debt. That is why the higher the number the better. In order to acquire real estate financing, most banks and hard money lenders require the project to have a 1.25 or higher debt service ratio. Simply put, that means the borrower /investor has 25% excess income to meet his obligations. A ratio below 1, would mean the borrower does not have enough income from the project to meet his debt obligations. Why is this number important? The debt coverage ratio will definitely impact the investors ability to get real estate funding at reasonable terms and conditions. So, when doing due diligence on your next investor commercial property, be sure to analyze the debt service ratio of the project, it will help you sleep at night! TIDAL LOANS HOUSTON HARD MONEY LENDER ...read more
By Tidal loans March 07, 2019
HOW TO REFINANCE A HARD MONEY LOAN
HOW TO REFINANCE A HARD MONEY LOAN Temp to Perm Loans So, you found the perfect real estate investment property you want to hold as rental investment. You got a sweet deal on the property, executed the contract, called us atTidal Loansfor a hard money rehab loan. We funded the property fast, closed the loan with no money down, completed all construction draws and have the property on the market leased for above market rent! Everything is perfect, just need one more step. You need to refinance the temporary hard money loan to permanent financing. It’s a very important step for real estate investors, because the higher rate on the temporary loan will hurt the property’s cash flow. Themortgage rateson conventional loans tend be lower. Here is how Tidal Loans assist our clients refinance their hard money loan. At our initial free consultation, we sit down with you and determine you end strategy for the property. Are you looking for a fix and flip loan or a temp to perm loan, to hold the property for the long haul and receive rental passive income? If the latter, we take a few more steps initially to qualify you to ensure that you can get a conventional loan before you buy the property. The last thing you want to do is get stuck with the temporary loan. Our loan officers walk you through that process, and even if you have bad credit, our loan officers work with you to repair it. So, don’t worry you can still get a hard money loan and refinance to atemp to perm loanif you have bad credit, our loan officer specializes in that. Once you arequalified, the hard money loan is funded, then once the property is leased, another closing is scheduled to pay off the original hard money loan, and apply the conventional loan to the property. The title company handles all the paperwork, getting the payoff docs from the lender etc. Once the conventional loan is funded, you begin paying your mortgage payment to the new lender, and your off and running towards your next deal! Tidal Loans Houston Premiere Hard Money Lender ...read more
By Tidal loans March 07, 2019
What is a Temp to Perm Loan? Temporary to Permanent Financing.
What is aTemp to Perm Loan? Temporary to Permanent Financing. What is aTemp to Perm Loan? HARD MONEY LENDERS HOUSTON So, you found the perfectreal estate investmentproperty you want to hold as rental investment. You got a sweet deal on the property, executed the contract, called us at Tidal Loans for ahard money rehab loan. We funded the property fast, closed the loan with no money down, completed all construction draws and have the property on the marketleasedfor above market rent! Everything is perfect, just need one more step. You need to refinance the temporary hard money loan to permanent financing. It’s a very important step for real estate investors, because the higher rate on the temporary loan will hurt the property’s cash flow. The mortgage rates on conventional loans tend be lower. This is how we assist our clients torefinancetheir hard money loan into permanent financing. At our initial free consultation, we sit down with you and determine you end strategy for the property. Are you looking for afix and flip loanor a temp to perm loan, to hold the property for the long haul and receive rental passive income? If the latter, we take a few more steps initially to qualify you to ensure that you can get a conventional loan before you buy the property. The last thing you want to do is get stuck with the temporary loan. Our loan officers walk you through that process, and even if you have bad credit, our loan officers work with you to repair it. So, don’t worry you can still get a hard money loan and refinance to a temp to perm loan if you have bad credit, our loan officer specializes in that. Once you are qualified, the hard money loan is funded, then once the property is leased, another closing is scheduled to pay off the original hard money loan and apply the conventional loan to the property. The title company handles all the paperwork, getting the payoff docs from the lender etc. Once the conventional loan is funded, you begin paying your mortgage payment to the new lender, and your off and running towards your next deal! Finding financing for your real estate investment properties can be difficult, atTidal Loans, we make that process easy. Choose anyone of our products and be on your way to closing your next deal! Fix and Flip Loans|New Construction Loans|Temp to Perm Loans|Hard Money Refinance|Transactional Funding ...read more
By Tidal loans March 07, 2019