Understanding your FICO score is one of the most important factors in preparing to invest in real estate. Most people do not even know what a FICO score is. A little history lesson first. FICO is the acronym for Fair Isaac Corporation, a publicly-traded corporation (under the symbol “FIC“) that created the best-known and most widely used credit score model in the United States. The company was founded by Bill Fair and Earl Isaac. The [...]

The Housing and Urban Development has a program through the FHA called the 203(k) program. The program details follow. This can be a good program for those who want to rehab a home and qualify under the guidelines set by HUD and the FHA. The Section 203(k) program is the Department’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and [...]

Repeat after me….. There is money available for financing of commercial property, there is money available for financing of commercial property. That’s right! Banks want to loan you money. The SBA-504 program is a perfect example of money available right now for financing your commercial project. There are some strings attached. Good credit being one of them. But you can get commercial financing for as little as 10% down. Piggy back this with a bank [...]