Understanding the concept of bonus depreciation and its practical application can help you capitalize on this opportunity and determine if investing in real estate now is a good time. So, what is bonus depreciation, and how does it affect you as an investor? Keep reading to learn more about bonus depreciation and how it works.  KEY TAKEAWAYS Bonus depreciation allows businesses and investors to deduct a larger portion of qualifying asset costs in the year they’re placed in service, accelerating tax savings upfront.  This deduction only applies to tangible personal property, certain ..read more

While “no doc” is short for “no documentation,” there are actually no true no doc loans. Instead, they’re low doc loans that require minimal paperwork for loan approval. This approach caters to the needs of business owners who may face challenges in providing the extensive financial documentation required by traditional lenders, such as tax returns, profit and loss statements, and detailed business plans.  Keep reading to learn more about no doc business loans and the key aspects you need to know before considering this financing option.  KEY TAKEAWAYS No doc business loans are desi ..read more

Read on to learn more about BRRRR loans and explore how this approach can open doors to lucrative opportunities.  KEY TAKEAWAYS The BRRRR real estate method involves buying, rehabbing, renting, refinancing, and repeating to grow a real estate portfolio. This strategy leverages property appreciation, rental income, and refinancing to fund subsequent investments. Pros include increased cash flow, equity growth, portfolio scalability, forced appreciation, and tax advantages. Cons involve market risks, renovation challenges, financing issues, tenant risks, and the need for high initial capit ..read more

First-time and even seasoned home buyers typically ask their mortgage lender many questions during the home buying process, such as “What is the interest rate on a mortgage?” and “What factors determine mortgage interest rates?”. Fortunately, the experts at Griffin Funding can help answer these questions and more. Let’s take a deep dive into how mortgage interest works.  KEY TAKEAWAYS Your monthly mortgage payment includes principal and interest. The mortgage rate and annual percentage rate are different. The latter is typically higher because it includes additional fees.   The ..read more

That is exactly what high-net-worth lending is. It includes a more personalized level of service that is often customized to someone’s entire financial life. Not only do these types of loans usually come with lower interest rates when compared to traditional ones, but they also have longer repayment periods. This guide will cover high-net-worth lending in more detail, including types of high-net-worth loans, strategies for securing these loans, and more.  KEY TAKEAWAYS Just because someone falls into a high-net-worth category doesn’t mean lending will be simple. In some cases, high-net-w ..read more

In this article, we’ll discuss 5-8 unit commercial multifamily financing, exploring the unique opportunities associated with this niche real estate market. Whether you’re a seasoned investor looking to expand your portfolio or a newcomer exploring the potential of commercial multifamily properties, understanding multifamily financing is crucial for making informed decisions.  Keep reading to learn more about 5-8 commercial multifamily financing, including the types of mortgages available, qualification criteria, and key considerations for successful funding.  KEY TAKEAWAYS Multifami ..read more

This insurance serves as a safety net, offering financial protection in the face of unforeseen events that could damage or destroy your home. Understanding what homeowners insurance covers is essential for any new homeowner, as it provides peace of mind and shields against the financial consequences of unexpected events, from natural disasters to theft or liability claims. But what does home insurance cover? Keep reading to learn more about homeowners insurance and its benefits. KEY TAKEAWAYS Homeowners insurance protects your investment as a homeowner and is often a requirement from lenders ..read more

This insurance serves as a safety net, offering financial protection in the face of unforeseen events that could damage or destroy your home. Understanding what homeowners insurance covers is essential for any new homeowner, as it provides peace of mind and shields against the financial consequences of unexpected events, from natural disasters to theft or liability claims. But what does home insurance cover? Keep reading to learn more about homeowners insurance and its benefits. KEY TAKEAWAYS Homeowners insurance protects your investment as a homeowner and is often a requirement from lenders ..read more

In this article, we’ll explore various methods and loans for financing ADUs to help you capitalize on this growing trend.  KEY TAKEAWAYS ADUs offer a flexible housing solution, serving various purposes, such as accommodating family members, generating rental income, or creating a home office.  Building an ADU can provide additional income through rental opportunities and enhance property value while offering flexibility for homeowners’ changing needs.  Financing an ADU involves consideration of various options, including cash-out refinancing, home equity loans, home equity line ..read more

One significant hurdle that borrowers may encounter is a prepayment penalty, which is a fee that’s triggered by paying off your mortgage early. While the idea of settling a debt ahead of schedule may seem like a smart financial move, lenders often include prepayment penalty clauses in mortgage agreements to protect their interests and ensure a predictable stream of interest income. Keep reading to learn more about prepayment penalties, how they work, and how to avoid them. KEY TAKEAWAYS A mortgage prepayment penalty is a fee lenders impose when borrowers repay their loans early. Prepayment pe ..read more