Blog


May

08

2016
Real Estate Radio NW – Part 1 – Focus on Sourcing

Real Estate Radio NW – Part 1 – Focus on Sourcing

Real Estate Radio Northwest is a Seattle based radio program hosted by real estate personality Nick Neal. Nick works as the business development manager at Graystone Mortgage. He leverages this live program to build relationships and help industry professions share their talent and passion for the real estate. The show strives to help consumers understand what’s really going on in our local real estate market….

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Apr

27

2016
Funded by Veristone: Alderwood 2 New Builds

Funded by Veristone: Alderwood 2 New Builds

Veristone Mortgage LLC is pleased to announce the funding of a $435,000 spec construction facility for Eli Price Development/RSI-Construction. The facility will be used to build 2 spec homes in the Alderwood Subdivision, Eagle, ID. Homes are designed in the highly desirable Patio-Style/ Maintenance Free Living product seen in The River District For more information on these properties, please contact Karen Elitharp, Silvercreek Real Estate. For…

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Apr

24

2016
Preparation Meets Opportunity

Preparation Meets Opportunity

We’ve probably all the heard at least one of the following quotes, “Luck is what happens when preparation meets opportunity” and “The harder I work, the luckier I get.” Both of these quotes point out the connection between good fortune and preparation. This point holds true in the business of fix and flip investing. The better your preparation, the higher your likelihood of success (and…

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Apr

18

2016
Real Estate Prices Chart

The Time is Right

When the Northwest Multiple Listing Service distributed its latest market update (March YoY), the document was titled “Puget Sound Area Home Sales Slow (But Not Prices). Interestingly, this title was edited from the initial press release, where the title included the addition of “as supply can’t match demand”. When supply can’t match demand, it means there are just not enough houses to support demand. With…

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Apr

06

2016
The ideal balanced of risk and reward

The ideal balanced of risk and reward

As a real estate investor, when you recognize a diamond in the rough and need to move quickly where do you turn for funding? Traditional lenders have relatively slow processes and are hesitant about fix-and-flip loans. In this scenario, you need a partner like Veristone. Veristone understands the fix-and-flip space and has loan products to support any investment opportunity. For example, a client recently sought out Veristone…

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Mar

18

2016
Customer Spotlight: Sally’s Oregon Fix & Flip

Customer Spotlight: Sally’s Oregon Fix & Flip

For our newest Customer Spotlight feature, Veristone would like to introduce Sally, whose latest fix-and-flip was a huge success. *** Veristone: Hi, Sally. Tell us about the home you recently purchased. Sally: I attended an auction and bought a 3-bed 2-bath single family home that was in a great location but really run down. It seemed like a perfect candidate for a fix-and-flip. Once completed,…

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Aug

27

2015
Customer Spotlight: Al Ferguson

Customer Spotlight: Al Ferguson

For this month’s Wire, the customer spotlight shines on Al Ferguson. Al is an experienced investor that is enjoying his partnership with Veristone. He is also a student of Fortune Builders, a strategic investment education company focused on real estate. It was great getting a few minutes of Al’s time to talk about his career, Fortune Builders, and next potential investment.   V: How did…

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Aug

27

2015
Product spotlight: Fix & Flip

Product spotlight: Fix & Flip

Product spotlight: Seattle Fix & Flip The Veristone Fix & Flip loan is the ideal product for investors looking to quickly purchase, renovate, and resell property in the Pacific Northwest. Fix & Flip loans simplify this process for investors by providing both acquisition and remodel funds within one loan. After using Veristone funds to purchase property (auction or non-auction), a construction holdback that finances rehabilitation…

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Aug

01

2015
Presence of Private Equity Wanes in Real Estate

Presence of Private Equity Wanes in Real Estate

According to a July 2014 Finance & Commerce article , Invitation Homes LP (subsidiary of Blackstone LP) and other private equity firms have purchased roughly 200,000 homes since the 2007 housing crash. An abundance of capital has allowed equity groups to acquire homes at an incredible pace, affording them a market strategy unavailable to the individual investor. Hedge fund flips are cheaper to perform than…

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Aug

28

2014
Bonus Auction Parcel

Bonus Auction Parcel

For the second month in a row, a Veristone client found excellent value at the foreclosure auction by securing two parcel for the price of one. While performing due diligence on this Pierce County property, the client realized that there was a second unfinished housing frame on the additional parcel that nobody else knew about.  Where other buyers saw a 1,380 square foot home with…

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