Nga Nguyen's (realtor_nga) Blog

H.R. 3915 the "Mortgage Reform and Anti-PredatoryLending Act of2007" has been introduced and the House ofRepresentativesFinancial Services Committee will vote next weekwhether or not toenact it. In a nutshell the act will:1. Require national licensing and a net worthrequirement, bond andcriminal ...

 The lessons that I recently learned from the deals i have are commercial hard lenders also set high standards. They require borrowers to show enough income to cover for personal and business expenses. The cold fact is  '"hard money is not dumb money" applied strongly in commercial lending. They ...

 The following documents are needed when applying for an SBA loan: -3 years of business and personal tax return (some only requires 2 years) -Personal financial statement-Credit report (some banks don't require this, have bank pull it to prevent drop in score)-Two years of income projection-Execu...

 Plan ahead and save hundreds of thousands on your mortgage by reviewing your credit report at least 6 months before you start looking for property. You can pull a FREE credit report at http://wwww.annualcreditreport.com and your score will not drop. This offer is available once a year only. If y...

 If.......-you are receiving too many phone calls about your tenants from your property manager -you are reaching your retirement -you can not afford to pay negative cash flow on your investment It's time to do a 1031 exchange into a commercial building with a national tenant and start enjoying t...

 Useful  terms investors should know when buying commercial property:Gross Rent Multiplier (GRM) - method used to determine market value of small apartment unit Capitalization Rate (CAP) - a better method to determine the rate of return using net income and price Net Operating Income (NOI) - inco...

Commercial banks requires a list of document such as 2 years of tax return,  personal financial statement, rent roll, pictures of the property, preliminary title report, income projections prior to issuing an LOI.  The requirements varied from bank to bank. Be sure to have these ready and talk wi...

 It's a letter of intent stating the details such as loan amount, loan term, purpose of loan, interest rate , prepayment penalty, fees, conditions required prior to closing of escrow and required deposit on administration fee, appraisal and environmental expenses. This is not a legal obligation u...

Before starting to invest in commercial property, you need to consider the following   - property types: mixed use, retail, industrial, office condo, apartments, gas station, mobile home park   - cap rate: 5% to 7.5%, the higher the cap rate the lower the cost of the building. In California, cap...

Investing in commercial real estate with distinguished tenants is the smartest way of putting your money to work. In this article, I will discuss the advantages compared to investing in a CD. If you have 250,000 dollars or more sitting idle in a Certificate deposit, you should consider investing ...