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As we return from the Easter break to kickstart Q2, we examine the importance of smaller developers in producing high-quality regional housing stock. Read more below! 👇

There are a number of scary myths about homebuying in today’s market. Here’s what you need to know. Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment. Don’t let scary myths delay your homebuying plans. Let's connect so you have a pro to help you separate the facts from your fears. #opportunity #expertanswers

Bad Credit? No Problem! How to Secure a Property Development Loan and Build Your Empire   Securing financing for property development can be a daunting task, even for seasoned developers. The stakes are high, and the financial commitment required often exceeds personal resources. But what happens when you throw bad credit into the mix? Can you still get a property development loan in the UK? The answer is yes—though it’s undoubtedly more challenging. In this article, we’ll explore how bad credit affects your chances, the options available to developers with poor credit histories, and actionable tips for improving your prospects. We’ll also include real-life case studies for inspiration. Understanding Bad Credit in Property Development   Bad credit typically results from missed payments, defaults, County Court Judgments (CCJs), or even bankruptcy. In the world of property development, a poor credit score signals to lenders that you’re a higher risk borrower. But while mainstream banks may hesitate to lend, the property finance landscape in the UK includes a range of alternative lenders who specialize in working with developers with less-than-perfect credit………………………. To read the complete article go to https://lnkd.in/egawz2ar For more information contact us. #UKPropertyDevelopment #BadCreditLoans #RealEstateFinance #PropertyInvesting #DevelopmentSuccess #FinancialSolutions

Is your money working for you? As part of our property training we were always taught to have a ‘war chest’ of funds to cover 6 months worth of mortgages and utilities....’just in case’ (and to play it safe)! Dissapointingly when checking the bank, last month we received 1.23% = £38.51 interest paid! 🙄🗑️ If we were to use an investors money, for the same amount, we would pay them 5X this amount at £192.55 per month! 😳 Thats an incredible £154.04 difference!!!!💥 Over 12 months = £1,848.48, compared with £462.12 - WOW!!!!! 💰💰💰💰💰💰💰 What do you do with your ‘savings?’ For more information, please get in touch 🫶 Ian Spence or myself ❤️ Follow @spencedoesproperty to learn more about our property journey and how we can help you! #propertyinvesting #propertyinvestmentdeals #ukpropertybusiness #ukproperty #propertyuk #propertydeal #ukportfolio #returnoninvestment #investing #investments #propertydevon #propertyrenovation #propertyinplymouth #propertyflip #propertyinvestment #propertyduo #investment #flippinghouses

Bad Appraisals happen to us all.... Why? - Cap Rates are rising compressing values - Often times appraisers are given bad information by Lenders (not their fault) - There are less properties trading today resulting in a comp pool that is limited When an appraisal comes in low, I ALWAYS ask for a copy and check the income and expenses to make sure the right rent roll and historical expenses were provided and then I check the Comps. I can usually find a reason for the low appraisal which doesn't always have to do with cap rate. I've saved several loans this year by doing a deep dive on the appraisal and providing backup to support an adjustment. I'm sure a few appraisers are going to have some thoughts! 🙂 #appraisal #crelending #commercialrealestate

Broker: "Can you use the appraisal we have on file from the other lender who couldn't put the deal together?" SLCG: "Yes. We'll need to check out the property ourselves but we can use that appraisal if it is recent." When we're asked to come into a deal after another lender drops the ball, we are often asked to close on particularly short closing timelines. Think about it, if a loan gets to the point where appraisal(s) have been ordered, received, reviewed, etc., that loan is very far along in the process. Close of escrow dates are approaching and the unfortunate news of the loan not being approved comes very late in the game. What are we looking for when doing our inspection or drive-by? That's a simple answer. We want to see that the property is in the same condition as the appraisal. A lot can happen over a short period. We take pride in doing the proper due diligence to ensure our investors know that we've done our homework on the property to a level where they can be comfortable with their investment. Nothing is guaranteed but we want to make sure the appraisal is reflective of the current condition. This morning, Corey took a quick trip to Montebello to check out side-by-side duplexes we are lending on and closing next week. Happy Friday! Stay Dry. . . . #SLCG #PushingPavement #lender #extramile #siteinspection #investor #realestate

🌟 Matt lends his insight into essential appraisal tips for Realtors! 🌟 Here's a quick rundown: Appraisals help confirm property value for lenders and ensure a smooth transaction. Be sure to accommodate the appraiser's schedule and come prepared with essential documents like contracts, comps, and HOA info. Remember, a little preparation goes a long way in ensuring a successful appraisal. And if the appraisal comes in low, don't panic! Stick to your pricing, trust the process, and stay confident. 💼🏡 Preparation https://vist.ly/39x5c #MarkAllenRealty #JoinMAR #RealEstateTips #AppraisalInsights #SuccessInSelling

There are a number of scary myths about homebuying in today’s market. Here’s what you need to know. Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment. Don’t let scary myths delay your homebuying plans. Let's connect so you have a pro to help you separate the facts from your fears. #opportunity #expertanswers