Keep up with the latest news and updates in real estate, business, and finance.
September 7, 2014
In this video, hard money lender Beau Eckstein explains how gap funding deals are made, what typical loan terms are, and offers good guidance on structuring these gap loans. In short, you must be very careful when writing a gap funding deal because you’re not always first in line in the list of creditors. Hard
September 6, 2014
A SAM loan, or Shared Appreciation Loan, is a gap loan with an equity component to it. This means that your gap lender, or SAM lender, will get a piece of the equity you earn with the sale of your real estate property. This equity sharing typically has a broad range all the way up
September 6, 2014
In this video, real estate investor and hard money lender, Beau Eckstein, tells the prospective property buyer how to find a good gap lender. There is a lot of money sitting on the sidelines. As a real estate investor or house flipper, you have to be credible and find good deals. If you find a
September 6, 2014
I asked hard money lender Beau Eckstein if he uses gap lending to fund construction loan projects. Here’s his answer. On ground-up construction projects, there is an acquisition of real property (i.e., land) but construction plans have not yet been approved. Often, house flippers don’t have the funds necessary to both acquire the land and
September 6, 2014
In this video, hard money lender Beau Eckstein answered “Yes” to the question of whether a real estate investor can use money from a self-directed IRA to fund a real estate deal. There are trillions of dollars in retirement funds in the United States and just a very small percentage of those funds are self-directed.
September 4, 2014
Tonight, hard money lender Beau Eckstein tells us about gap loans and how they’re structured. Private money lenders, funds, and individuals can all put up money to fund loan gaps. Generally, hard money lenders fund from 65-75 percent of a construction or rehab project. A gap loan comes into play when a real estate investor
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