Yellow letters are handwritten prospecting letters that real estate investors or real estate agents send to homeowners in order to generate seller leads. They’re called “yellow” letters because they were historically handwritten on yellow legal pads. We interviewed successful real estate investors for their yellow letter strategies and best practices in 2017. Why Yellow Letters…
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HomeStyle Loan: What Is a HomeStyle Mortgage & Who Is It Right For?
-A HomeStyle loan is a government-backed, permanent mortgage that can be used to purchase and renovate an owner-occupied primary residence between one to four units. Also called Homestyle Renovation (HSR) mortgages, HomeStyle loans can also be used by real estate investors to purchase and renovate a single-unit second home or investment property. However, HomeStyle loans…
FHA 203(k) Loan: The Ultimate Guide to the FHA’s Renovation Loan
An FHA 203(k) loan is a government-backed, permanent mortgage used to purchase and renovate a primary residence. A Federal Housing Administration (FHA) 203(k) loans are exclusive to owner-occupied purchases and renovations and are not suitable for real estate investors looking for renovation financing. Investors who are interested in rehab projects should instead read our guides…
Commercial Leasehold Improvements: Payments, Financing, and More
Landlords often offer payment or a discount on rent so that tenants can make necessary commercial leasehold improvements. Rented commercial property may need some work before it’s suitable for your small business. For example, an office business may need cubicles for employees, and a restaurant may need a new kitchen. These are called commercial leasehold…