2019 – Page 13

A Lesser-Known Source of Funding for Real Estate Investments

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Some real estate investors who have missed out on investment opportunities in the past due to lack of funding are learning they have the money—in their retirement accounts. Ohio resident David had grown frustrated during the past few years after having a couple of potential real estate investments fall through due to a lack of funding. In the fall of 2016, another opportunity presented itself. David learned of a pre-foreclosure

Asset Protection: That Thing You Should Have Done Yesterday

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Besides knowing the cost of the insurance, be aware of “gotchas” that can ruin you financially. There are more than 30 million lawsuits filed in the U.S. each year. If you own a home with equity, a business, rental income property or have large sums in stocks, bonds and cash, then you have a target on your back. It is human nature to think nothing bad will ever happen to

Using Insurance to Preserve Lender Capital

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How much more capital would your investors provide if you exceeded expectations for preserving their capital? Warren Buffett, the Oracle of Omaha, has a Golden Rule: “Rule No. 1 is never lose money. Rule No. 2 is to never forget Rule No. 1.” The standard investment rule Buffet follows is to preserve investor capital. This seems like a very easy rule to follow, yet most lenders never get past the

Grow Your Network, Grow Your Business

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Why strategic relationships will take your company to the next level Everyone knows the phrase, “It’s not what you know, but who you know.” In the mortgage industry, this is especially true. In an industry that relies heavily on referrals and word-of-mouth recommendations, it is surprising how often companies overlook the importance of developing strategic partnerships and underutilize existing relationships. Although identifying and establishing connections with potential partners can involve

Jeff Tesch Takes the Reins at RCN Capital

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To achieve continued success, he’ll rely on the same principles that have established him and the firm as industry leaders. It was early 2010. Jeff Tesch received a phone call from Don Vaccaro, co-founder of RCN Capital. Vaccaro wanted Tesch to help him run a new private lending company. Nearly four million foreclosures had been filed the year before, due to the 2008 housing crash. Institutional lenders had responded by

HomeLight Acquires Eave

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Real estate technology platform HomeLight, based in San Francisco, has acquired Eave, a digital mortgage startup with a proprietary software platform that automates 70 percent of the mortgage process. Additionally, HomeLight has launched a home loans division that will operate in six states, including California, Colorado, Washington, Oregon, Pennsylvania and Texas. HomeLight is a resource for home sellers and buyers who use its Agent Matching service to hire real estate