Category Archives: Real Estate Investors


Mar

06

2017
A Flawless Fix and Flip

A Flawless Fix and Flip

A premier Veristone client executed a successful fix and flip on this Lynnwood, WA property located a short distance north of Seattle. The 1,3790 square foot home has 3 bedrooms, 2 ½ bathrooms, and a number of new features that transformed it from two small units, to a beautiful single family residence. This house now boasts, an updated and upgraded kitchen with gorgeous granite and…

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Feb

06

2017
Positive Market Despite Rising Rates

Positive Market Despite Rising Rates

Even though experts in the market agree that rates will likely increase slightly in 2017, they also agree that this will not have a negative impact on the Northwest real estate market. Lawrence Yun, chief economist for the National Association of Realtors, shared that historically, a rate increase to 4.5% (the expected high point for 2017) would still be a “favorable rate”. “We are getting…

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Dec

26

2016
November Market Update

November Market Update

According to the Northwest Multiple Listing Service (NWMLS), figures for November show a 13.2 percent drop in inventory of single family homes and condominiums. For the 4-county Puget Sound region there is only 1.22 months of supply, with King County having the lowest level at under a month (0.96). There was a 9.4 percent gain in pending sales, a 31.3 percent spike in closed sales,…

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Nov

18

2016
Textbook Fix and Flip

Textbook Fix and Flip

Thanks to having strong partners in the real estate business and eye on the market, Retha McCutchen was able to acquire an ideal fix and flip in the Cully neighborhood of Northeast Portland. With the help from her partners in the real estate business, knowing the neighborhood and aligning with quick financing from Veristone, Retha was able to jump on this opportunity. It was worth…

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Nov

05

2016
Advice from my Lender?

Advice from my Lender?

Earning a living buying and selling real estate is very rewarding… but can also be risky business. This is a key reason why many people opt not to pursue real estate investing. It’s also a key reason why those that do, often seek out a key partner like Veristone. If you can leverage the learnings of those that have gone before you and follow in…

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Sep

25

2016
A Glossary of Hard Money Lending Terms

A Glossary of Hard Money Lending Terms

Getting involved in real estate investing can present a whole new vocabulary. We’ve compiled the following list of terms which you are likely to hear if you venture into hard money real estate investing. The Terms: After Rehab Value (ARV): The amount that the investment property is expected to be worth after all of the planned renovations are completed. Appraisal: A professional assessment of how…

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Sep

06

2016
Builders can find spec loans with hard money lenders

Builders can find spec loans with hard money lenders

Still wary of past shaky lending practices and encumbered with regulations (like the 2010 Dodd-Frank Act), traditional lenders are not willing or able to provide speculative construction loans. Unlike the banks, hard money lenders like Veristone are eager to fund such deals. With loan periods that are much shorter than traditional banks, hard money lenders like Veristone are able to adjust to market conditions and…

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Jul

23

2016
Smart and Fast equals Success

Smart and Fast equals Success

Every deal is about knowing the numbers! And it’s been said that the most important number is the After-Repair-Value (ARV). Knowing this number before you acquire a property can be the difference between making a great deal versus making a deal you wish you could forget. The majority of discounted properties are usually junk properties, vacant properties and/or fixer-uppers. They’re often in need of many…

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Jul

19

2016
Social Savvy Investors go beyond Facebbok

Social Savvy Investors go beyond Facebbok

It’s no secret that in order to gain a competitive edge in sourcing or selling a house you should learn to utilize social media. But have you? If you’ve begun using Facebook you’re on the right track. But you should also be considering other social media sites. Especially those that are primarily visual. • 90% of information transmitted to the brain is visual. • Visuals…

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Jul

16

2016
Should investors be using Facebook?

Should investors be using Facebook?

For real estate investors, Facebook is arguably the best social media platform to use as a resource for self-branding, marketing all aspects of your business, gaining leads and referrals (sourcing and selling). Why is Facebook arguably the best? … as of March 2016: • The average Facebook user connects to 80 community pages, groups and events. • More than 2.5 million websites have integrated with Facebook….

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