Insider's guide to Private Lending

Subject: The Insider's Guide to Private Lending
The Insider's Guide to Private Lending: How to Earn Safe and Consistent Returns in Any Real Estate Market. by Jeff Levin
Jeff, a former mortgage banker, decided to get involved in private lending when the crash came in 2008. He saw a unique opportunity to lend to qualified investors at a time when they couldn't get money from other sources. In the decade since he has perfected his system for private lending which is presented in this book. This book is designed for anyone looking to start their own private lending firm. 
He starts by discussing the "five good reasons why" private lending would make a great addition to your portfolio. They are:
1. Returns - because private lenders can act more quickly than traditional banks, they can charge more. This can be up to double or triple what a bank would earn. 
2. Convenience - there are lots of ways to invest in real estate, but many are time consuming. "Private lending …

The Complete Guide to Real Estate Finance for Investment Properties

The Complete Guide to Real Estate Finance for Investment Properties" by Steve Berges

This book focuses on analyzing real estate investment deals. Specific topics covered include:
* The Relevance of Finance and How it Applies to Value
* Time Horizon
* Volume of Investment Activity
* Property Types
* Costs of Funds
* Amortization Period
* Amount of Funds Borrowed
* Loan Duration
* Loan Fees
* Prepayment Penalties
* Leverage
* Debt
* Equity
* Blended Financing and the Weighted Average Cost of Capital
* Options

Then it broke down real estate investment performance measurements:
* Net Income Return of Investment
* Cash Return on Investment
* Total Return on Investment
* Net Operating Income
* Cap Rate
* Debt Service Coverage Ratios
* Operating Efficiency Ratios
* Gross Rent Multiplier
* Operating Ratio
* Break-Even Ratio
* Future Value Analysis
* Present Value Analysis
* Net Present Value Analysis
* Internal Rate of Return

It also covered appraisals and…

HUD Homes-Half Off!

HUD Homes Half Off" by Larry Goins
Larry Goins is a consultant out of North Carolina. He buys homes off of HUD and flips them for a profit. This book is a how to guide for doing what he does. Here are some highlights:

* HUD homes are available at
* HUD organizes their listings in a way that gives you all the information needed to make an offer.
* When you make an offer you will have an answer the next day. If rejected, you can submit a new offer.
* You might need to make 100 offers to get a good deal, but you can get steep discounts on properties (50% or more).
* There is less competition with HUD Homes.

Larry Goins buys these houses dirt cheap and then resells the either to investors or to consumers with seller financing. In the case of seller financing he charges 3-6 times the price he paid for the house. For wholesale properties he puts a premium on the property around $10,000. He sells those properties at

* HUD delivers clear title…

What Every Real Estate Investor Needs to Know About Cash Flow

"What Every Real Estate Investor Needs to Know About Cash Flow" By Frank GallinelliFrank Gallineli's book "What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures" is highly technical, but very interesting. I found it helped me by explaining the math behind the deals in plain English.The book is divided into two parts. The first part covers the basics of real estate investing and an introduction to the concepts that need to be understood. The second part covers individual calculations such as compound interest, cash-on-cash return, and internal rate of return. It is best kept as a reference, so my notes are limited:How to make money in Real Estate:* Cash Flow - also called "net spendable cash", this is the left over money each month after all of your bills are paid.* Appreciation - the growth in the value of the property over time.* Loan Amortization - each payment made on a lo…

The Real Estate Rehab Investing Bible

"The Real Estate Rehab Investing Bible"by Paul EsajianTags: Flip This House, Paul Esajian, House Flipping, Investor Rehab, Finding Investment Houses, Fixing Houses, A&EIn "The Real Estate Rehab Investing Bible" Paul has created a seven stage system for finding, funding, fixing, and flipping homes that doesn't involve picking up a paintbrush. As he puts it "by getting your hands dirty, you slow down the opportunity to get your money back sooner." Instead, he teaches how to put your money to work to maximize returns.One of his suggestions is to create a network of people involved in real estate.. This included mortgage brokers, agents, lawyers, contractors, investors, city officials, and others. You can meet them in person at auctions, REIA meetings, home builder association meetings, landlord association meetings, and home or trade shows. Online you can meet them at, Yahoo Groups, Facebook Real Estate Groups…

Principles of Real Estate Syndication

"Principles of Real Estate Syndication" By Samuel FreshmanTags: Real Estate Syndication, Apartment ComplexesA real estate syndication is a collection of two or more investors that pool their money to purchase real estate. Typically, one party if the syndicate is active in the investment and the rest are passive. The active investor may received an override or management fee in addition to any cash return from her investment.Freshman lays out seven reasons why people invest in real estate syndicates:* Spendable Cash Flow* Tax Advantages* Gain from Equity Through Leverage* Hedge Against Inflation* Appreciation Capture* Low Risk* High YieldsThe lead investor (Syndicator) can be involved in issuer functions "which involve acquiring control of the property and formation of the entity which is to own the property" and/or dealer functions "which concern the marketing and sale of syndicate interests themselves."Issuer functions…

Nashville Capitalization Rates

"Nashville Capitalization Rates"by Casey RichardsI've been curious for some time about what factors go into determining the market cap rate for investment properties here in Nashville. When I first arrived in the city back in 2004 it wasn't at all unusual to see cap rates above 10%, but recently the rates have started to creep downward. Today rates on a duplex in the metro area will range from 7-9%. However, if you were to pack your bags and head just a few hours West, you could still achieve those double digit cap rates in Memphis. This lead me to dig deeper to figure out what factors drive the prevailing cap rate here in Nashville and across the country.My research lead to me something called the derived cap rate. It ends up that you can dissect the cap rate using this approach which splits it into two parts. The two primary factors are financing and equity. Most investment properties are purchased using a mortgage in order to maximize l…