Everything you thought you knew about real estate investment
finance has changed over the last few months. In fact it has
changed, then changed again and then again. Three times or more.
The first mistake investors who need financing make is to think
all loan companies are the same. False. In fact there is no
lender in Georgia with more experience helping real estate
investors get started and stay successful in real estate
investing. Our loan offerings span a greater number of
portfolios and conventional offerings than any other licensed
lender in the Southeast.
With over 3000 single family real estate investment loans closed,
over 1000 first time and seasoned real estate investors trained
and supported through our monthly conferences, Novation believes
in integrity over quantity and conservative approaches over
false promises of instant wealth. If you call us asking "what's
your rate?" we will understand you need a little training and
explaining about investment finance.
There is no "wholesale" in real estate investing
Investing in real estate, even with all the
illegitimate deals we have seen during the last three to four
years, is still a fantastic way to build wealth and give back to
the community. Whether you are a seasoned investor or just
thinking about the opportunity we invite you to Ken Cook's Real
Estate Investor 123 QuickStart Workshop. Worth many hundreds or
even a thousand dollars or more this two hour workshop will expose
you to some truths you will never hear at most "gurus" seminars.
Updates April 2009 - 10 Property Max Rules
The entire universe of real estate investment lending has
changed constantly. Here is a short video presentation I use in
training agents and investors around the area for real estate
investment financing. This is only the Conventional Financing
section:
Here is a longer audio interview with Ken Cook on the John Adam's
Show on the same subject
NOTICE NOTICE NOTICE
There are NO MORE stated income conventional
loans.
There are NO MORE non-seasoned cash out
refinance conventional loans.
There are no more NO MORE investor rehab
conventional loans.
There are NO MORE 80% or higher LTV
conventional loans.
On December 1, 2008 Fannie Mae increased their Loan Level Pricing
Adjustments (LLPA) on investor loans to triple or more than what
they used to be. This means on average you should add 3% to the
interest rates you hear quoted by the liar's club. So if the
rate is 4.5% count on 7.5% for your investor loan. Those of you
who whine about this are new to investing in the last 5 to 7
years.
Nothing in this website should be considered investment advice.
Users of this website should consult with their own attorney, broker, or other
financial advisor prior to making any investment. Novation Mortgage, LLC and its
owners, partners, principals, employees, associates, contractors nor assignees, shall have no liability for
investment decisions made by any user of this website based upon the information
contained on this website.
