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Stratton Equities

What is the Difference Between a Borrower and a Real Estate Investor?

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By Stratton Equities

The real estate world can be complicated. There are a significant amount of terms and concepts that you need to understand to be successful in the field. Real Estate Investors, borrowers, and entrepreneurs are some of the most fundamental terms you’ll need to know.

Luckily, these are very self-explanatory and easy to understand. Here is what each term means and the differences as well as similarities between them.

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What is a Borrower?

A borrower is generally a person who is looking to obtain funding for an investment property. Although prospective borrowers are individuals, once they are approved for financing, their funding is sent to their LLC or company that has been set up for the purchase.

In the context of hard money and private money lending, the funding provided is used to finance a real estate venture. In the world of private lending when funding a real estate investment, there are borrowers and lenders.

Real Estate Investors are people who purchase properties as investments to provide them with passive income. Real Estate Entrepreneurs are those who receive the majority, if not all, of their monthly income through real estate investing.

Once a real estate investor or entrepreneur has sought out financing for a property purchase, they become a borrower.

What are Real Estate Investors and Entrepreneurs?

Both real estate investors and entrepreneurs are individuals who invest in real estate to generate income or benefits. There are many similarities between the two, but they’re defined by a few key differences.

Real estate entrepreneurs were once investors, who have transitioned from solely investing in a few properties to creating a business acquiring multiple properties as their main source of income. Their business model as an entrepreneur is based upon the act of investing in real estate full-time.

Aside from having the technical ability to spot lucrative real estate opportunities, entrepreneurs hold the critical ability to seize them at the right time. Driven to succeed just as much as the entrepreneur, investors tend to have less experience, are just starting out in the real estate world, or don’t put in as much time into their investment ventures. As a result, they are more concerned with smaller details and the daily functioning of their company or portfolios.

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When just starting out, it makes sense for any real estate investor to be preoccupied with the individual aspects of their property to make sure they stay afloat. However, as the investor grows, entrepreneurship and its tenets become more and more plausible. Any investor can become an entrepreneur, but not every investor does.

Real Estate Education

Being knowledgeable about the real estate market is critical in becoming a successful real estate entrepreneur or investor. That much is obvious. With more knowledge or experience in the field, entrepreneurs are able to lower risks, better investments, and build stronger relationships with lenders.

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Stratton Equities is Hiring Mortgage Loan Officers to Join Their Dynamic New Jersey Team and Build a Lucrative Career in the Mortgage Industry

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Stratton Equities is looking for loan officers who are ready to say “Yes” more and to work with a company that’s invested in their success.

Parsippany, NJ – Stratton Equities, the Leading Nationwide Private Money & NON-QM Mortgage Lender, is excited to announce that they are seeking experienced Mortgage Loan Officers to join their headquarters in New Jersey.

This is an incredible opportunity for skilled professionals who want to work with a company that guarantees abundant direct organic daily leads, hands-on management training and support, niche mortgage loan programs with competitive pricing, and advanced mortgage technology.

Mortgage Loan Officers can expect to close their first loan within four to six weeks after the completion of their initial training.

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Mortgage Loan Officers who join the Stratton Equities team can expect the following:

  • Stratton Equities provides Mortgage Loan Officers with inbound organic daily leads from borrowers who call or apply directly to their offices inquiring about a mortgage. Not the other way around.
  • Competitive compensation: Stratton Equities offers a highly competitive compensation plan, potentially allowing Mortgage Loan Officers to earn their first year $110,086.26 – $190,677.36.
  • Robust support: Stratton Equities provides Mortgage Loan Officers access to the most extensive library of nationwide private money and NON-QM mortgage loan programs under one roof. This gives multiple solutions to offer borrowers, allowing Mortgage Loan Officers to say “YES” more.
  • Strong resources: Stratton Equities’ interest rates are some of the lowest nationwide in private lending, starting at 6.75%, and can pre-approve a loan in 24 hours.
  • Room for growth: As a rapidly growing company, Stratton Equities offers ample opportunities for advancement and career growth. With a focus on promoting from within, Mortgage Loan Officers who join the team will have the chance to take on new challenges and responsibilities as they progress in their careers.
  • A dynamic work environment: At Stratton Equities, Mortgage Loan Officers will work in a fast-paced, dynamic environment focused on innovation and results. As a part of the loan officer team, you can work directly with prospective real estate investors, entrepreneurs, and borrowers on their real estate endeavors.

If you are an experienced Mortgage Loan Officer looking for an exciting new opportunity to grow your career or a licensed Mortgage Loan Originator that is new to the industry and needs help finding business, then Stratton Equities is the place for you to earn a great income.

This is an incredible opportunity to join a leading nationwide mortgage lender and build a bright future with a company that values its employees and their contributions.

For more information about Stratton Equities, please visit https://www.strattonequities.com.

To apply for a position with Stratton Equities, please visit their careers website at https://www.loanofficerscareers.com. Or you can email a resume to [email protected].

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Is Becoming A Loan Officer Worth It?

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By Michael Mikhail 

Have you ever thought about becoming a mortgage loan officer and working for one of the Nation’s Leading Private Money and NON-QM Mortgage lenders?

Well, guess who’s hiring? That’s right! Stratton Equities.

As the leading Private Money and NON-QM Mortgage Lender in the United States, Stratton Equities is looking to grow its licensed loan officer team.

2022 was a time of growth and expansion for the company. To support the abundance and high demand of direct inbound organic lead applications in the new year, they have decided to add a new roster of licensed loan officers to their sales team.

Have you been looking for a career as a mortgage loan officer?

Stratton Equities is passionate about creating a system of success for our winning sales team. We guarantee direct organic daily leads, niche loan products with competitive pricing, advanced mortgage technology, and hands-on training with management and support when working with our company.

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When you’re a loan officer, everywhere else, you are hunting your own business, spending money on travel, promotion, and marketing expenses that cost thousands of dollars in hopes of leads or deals. We have solved this problem by providing our loan officers with a stable location and opportunities for pure profit. For example, a Stratton Equities loan officer will structure and price out 15-20 mortgage loan scenarios a day from our direct organic daily leads.

With a significant influx of clientele, we need all hands on deck to get borrowers the best mortgage program to fit their unique loan scenarios.

If you are a licensed Mortgage Loan Originator that is new to the industry and is having difficulty finding business, we have the solution.

Stratton Equities provides our loan officers with inbound organic daily leads from people who call or apply directly to our offices inquiring about a mortgage. Not the other way around.

We have a time-tested training model that includes a proprietary system for lead generation, an open-door policy with management, and one of the industry’s most comprehensive range of mortgage loan programs under one roof.

In addition, we have innovative loan products specializing in different mortgage loan programs such as Hard Money, No-Doc Loans, NON-QM Loans, DSCR Loans, Soft Money Loan Programs, Bridge Loans, Conventional Loans, Fix & Flip Loans, Commercial Loans and more.

Why should you become a Loan Officer with Stratton Equities?

Let’s first start with some motivation and intrigue. Why might someone be interested in becoming a loan officer? Well, as a loan officer, you will be able to work with numerous borrowers and real estate investors all across the United States and help make their investment dreams become a reality.

Here are some of the benefits of joining the Stratton Equities’ Loan Officer Team:

– Direct Organic Daily Inbound Leads

– Hands-on Training & Management Support

– Largest library of niche loan products – say “YES!” more!

-Cutting-edge industry technology

Yearly Earing Potential: $129,086.00 – $189,677.00 per year

Benefits: 401(k), Dental insurance, Health insurance, Vision insurance

As a part of our private lending loan officer team, you can work directly with prospective real estate investors, entrepreneurs, and borrowers on their real estate endeavors.

Stratton Equities has the most extensive library of mortgage loan programs under one roof and can offer borrowers an array of loan strategies. In addition, we work with real estate investors advising them on what mortgage program they should opt for, all while operating under a solid private lender umbrella.

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We offer the most effective loan options for borrowers and direct access to new, organic leads for all our loan officers. As a result, our interest rates are some of the lowest in private money, starting at 6.99%, and we can pre-approve a loan in 24-48 hours. In addition, our new loan officers are supported to achieve the goal of closing their first loan within 4-6 weeks after training is completed.

Additionally, you will be a part of a massive operation in which you will help structure and maneuver hundreds of thousands to millions of dollars simultaneously with each client. The job will be demanding at times, but those with the patience and integrity to deal with problems as they arise will be rewarded with the satisfaction of pulling off an impressive feat for the financial glory of their clients and themselves.

How to apply to become a mortgage loan officer at Stratton Equities:

At Stratton Equities, we are looking for the following requirement for our new loan officer hires:

– NMLS License (Nationwide Multistate Licensing System)

– Have a minimum of 0-5 years of experience

– Ready to work/relocate to our New Jersey Headquarters Office

– Be a motivated individual and a team player

To be successful as a mortgage loan officer, you should be fully prepared and well-versed in our mortgage loan options. At Stratton Equities, we educate our loan officers through our extensive training program that prepares our team to reasonably help clients as they apply to secure mortgage financing.

Hands-on learning is the best way to become a master of your craft, and that is why we emphasize a direct approach with onboarding, as we want our new loan officers to be fully prepared for the career path and not stumble over minor details.

A license might be the proper prerequisite to knowing how a loan officer works, but finding out the nuances on-the-job will be the ultimate test.

Stratton Equities has openings in its next training cycle in February 2023. They will choose the following candidates for their new loan officer team during the training process.

In the office, training lasts one week, with ongoing management support and education.

Loan officer trainees are trained and supported to close loans on average between 4-6 weeks after the completion of training.

Are you interested in becoming a loan officer with Stratton Equities? APPLY NOW at www.loanofficerscareers.com or email at [email protected]

Michael Mikhail, CEO Stratton Equities

Michael Mikhail is the Founder and CEO of Stratton Equities, the nation’s leading hard money-lender to national real estate investors, with the largest variety of mortgage loans and programs nationwide.

Having launched Stratton Equities in early 2017, Michael has always been an entrepreneur and innovator in the real estate market, purchasing his first home at 19.

A serial entrepreneur with a foresight for business opportunities, Michael had a slew of small businesses prior to launching Stratton Equities. One of his most prolific ventures was a car wash connected to a gym he was affiliated with in Florida during 2001-2002 while attending college.

It wasn’t until he graduated from Florida State University with a degree in Business, that he officially joined the mortgage industry in 2003 and decided to travel to explore his options globally.

After travelling to 19 countries in 5 years, Michael knew two things; he wanted to start his own business and launch it in the United States. He knew that moving back to the states was the best place he could start something small and grow it into something infinite.

In 2017, Michael noticed how the mortgage industry had transformed after the regulations presented from 2008-2012, and knew it was time to set out something on his own, thus creating Stratton Equities.

Under Michael’s leadership, Stratton Equities has grown into one of the biggest leaders in the Mortgage and Real Estate industry across genres and platforms.

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Soft Money Loans Are The Future of Lending

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By Stratton Equities

A soft money loan combines the advantages of a hard money loan with the greater security that a standard loan affords. The term “soft money” is relatively new in the lending industry. While a soft money loan needs more underwriting, it also comes with reduced risks, making it a very alluring alternative for borrowers who like the idea of a hard money loan but not its specifics.

Hard Money Loans

A hard money loan is based on the Loan to Value (LTV) of the investment property and is an asset-based loan. They are bridge loans that typically do not depend on a borrower’s credit score, making them quick loans for borrowers to be approved for. They are therefore considered high-risk loans for real estate investing. Some borrowers may be hesitant to pursue this sort of loan due to the significant risk involved as well as concerns from the housing market meltdown of 2008. This kind of loan also doesn’t raise a borrower’s credit rating, which can make them less desirable to credit-worthy consumers.

Soft Money: What Is It?

The advantages of both hard money loans and more conventional loans are combined in soft money, a creative new method of private money financing. First, a definition of the phrase “soft money”: The term “soft money” in the lending world differs greatly from “soft money” in the political campaigning world. The phrase “soft money” in the context of lending suggests that this kind of loan stands halfway between a hard money loan and a standard loan.

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Soft money loans have lower interest rates and better security because they are subject to more underwriting than hard money loans. It is usually a term loan rather than a bridge loan and is based on both the borrower’s credit score and the property’s LTV. Additionally, real estate investors with credit scores of 650 or higher might benefit from this type of mortgage financing scheme. For many borrowers, especially those looking to invest in long-term rental properties, a soft money loan is a better fit than a hard money loan because of its cheaper rates, bigger LTVs, lack of tax returns, and longer time frame.

For the majority of investment property types, soft money loan rates start at 6.99% percent and can reach 80% LTV.

The Future of Lending is Soft Money

Although it may sound cliche and forced to refer to soft money as “the new hard money,” when given more thought, soft money is actually the way that private money lending will develop in the future.

While hard money loans are still the most common choice for many real estate investment scenarios, soft money loans are becoming more and more popular with first-time buyers, borrowers looking to hold an investment property for a long time, and investors with good credit who want higher LTVs and lower interest rates.

In contrast to conventional investment property loans, which have a maximum LTV of 70%, a NO-DOC Soft Money Loan Program has a maximum LTV of 80% and does not require PMI. As a result, the borrower can make their purchase with a smaller down payment.

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Stratton Equities is able to assist you when you’re ready to invest. With the largest selection of programs, the lowest private money rates (beginning at 6.99%), a qualified team of experienced loan officers, and a speedy loan approval procedure, we are the nation’s top direct hard money and non-QM lender.

Call Stratton Equities at 800-962-6613, send us an email, or fill out an application for loan pre-qualification right away if you have an investment property and would like to talk with one of our Loan Officers.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

How To Become A Mortgage Loan Officer

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Submitted by Stratton Equities

One of the best jobs you can go for these days if you want to work hard, make a lot of money, and change the world around you is to become a mortgage loan officer. There are so many opportunities out there in the real estate world to make a living, but one of the most fulfilling and lucrative is to become a mortgage loan officer for a private money lending firm.

But what are the steps you will have to take to even become a loan officer?

Like most careers that deal with highly valuable assets and specified levels of management and service, to become a loan officer, you need to get your license. The NMLS, or Nationwide Mortgage Licensing System, offers a variety of mortgage licenses but the one in particular that applies to loan officers most is the Mortgage Loan Originator (MLO) license.

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How to get licensed as a Mortgage Loan Officer/Originator

Getting an NMLS license will certify that as a loan officer, you are now able to legally serve as a mortgage loan originator. Additionally, it informs your prospective clients and employers, that you are knowledgeable of all the laws and regulations that come with mortgage lending.

More specifically, obtaining an NMLS license means that you have completed a class that teaches you all the requirements for serving as a mortgage loan officer, and that you have passed the SAFE Mortgage Loan Originator Test.

You must complete both tasks to be properly qualified to apply for the NMLS license. Once you have your NMLS license, you can easily apply for most private lending and conventional mortgage lender positions.

Although the Nationwide Mortgage Licensing System (NMLS) License covers across the country, you will still need to apply for an individual license per state you are looking to lend in.

Applying to Become a Mortgage Loan Officer with a Private Lender

Believe it or not, the next step in becoming a mortgage loan officer is finding a position at a private lending firm that suits your needs and interests. The NMLS license qualifies loan officers for all private lending and conventional lending mortgage companies. This will allow you to apply for all loan officer positions, however, you will still need the individual license per state.

After applying at your desired location, the interview process shouldn’t be too surprising or different from any other high-level interview process as they will mainly ask you questions and test you on your skillset, knowledge, and ambitions.

Once you’ve secured the position, the best private lending firms will provide thorough training, management, and support.

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Working at a Private Lending Mortgage Company

Through training new loan officers, a private lender prepares their sales team to help guide them to mastering some of the nuances required as a loan officer, that cannot be taught purely through an academic mindset.

You must be ready and focused as a loan officer and this level of training throughout the first few months of the job will help get you to that point.

As important as it is to get certified by the NMLS, there is only so much you can learn by studying laws, memorizing loan options, and practicing unique scenarios. The real test of grit is to see how well you work in a real-world setting.

To be successful as a loan officer you need to be sharp-minded at all hours, diligent in the details, dedicated to working hard, and affirmative in your tone, actions, and decisions. Furthermore, be intuitive enough to understand what is a good deal and how to thread the needle if plans don’t go as expected.

The work will be hard but the rewards are great. On average a mortgage loan officer at a private lending mortgage company can make an average of $150,000-$250,000 a year.

Securing Your Position as a Mortgage Loan Officer

To secure your career as a successful loan officer at a private lending institution, there are a couple more things you can do to ensure your success.

Firstly, there is the option to get certified by the Mortgage Bankers Association (MBA) and/or the American Bankers Association (ABA). This step is optional and not required for the position of loan officer, but getting this certificate can help boost your credentials, entice more clients to come your way, acquire yourself more deals and negotiations from borrowers, and specialize your skill set such that you are even more knowledgeable and prepared as a loan officer.

Lastly, you must renew your NMLS license every year. This is to ensure that whoever is still practicing they are aware of certain changes in the law, whether it be on the nationwide level or statewide. Additionally, renewing your license frequently keeps you fresh and sharp-minded as you are regularly checked on how well and how prepared you are at the job.

These are all the principal steps one takes when seeking to become a loan officer. The process is fairly intuitive for this type of position while also being thoroughly detailed in ensuring that only the best and most prepared are the ones handling multi-million dollar real estate investment deals.

Become a Mortgage Loan Officer/Originator with Stratton Equities! We’re Hiring!

If you are a licensed Mortgage Loan Originator that is new to the industry and is having a difficult time finding business, we have the solution.

Stratton Equities provides our loan officers with daily direct organic leads, that are from people that call into or apply to our offices looking for a mortgage. Not the other way around. We have a time-tested model that includes a state-of-the-art CRM and lead generation, amazing hands-on training, and the widest range of mortgage loan programs in the industry.

We have niche products that specialize in different types of loans such as Hard Money, No-DOC Loans, Soft Money Loan Programs, Non-QM Loans, Conventional, Fix & Flip, Commercial and more.

Benefits of working with Stratton Equities:

Direct Organic Leads
Hands-on Training & Support
Largest library of niche loan products – say “YES!” more!

Pay: $158,086.00 – $294,677.00 per year
Benefits: 401(k), Dental insurance, Health insurance, Vision insurance

For more information on how to get started as a loan officer, visit Stratton Equities today. We offer the largest variety of loan options that can all be directly accessed by our borrowers. Our starting interest rate is the lowest out of any private money lender, and you can get your loan approved in as little as 24-48 hours.

Additionally, our average time frame in closing loans for our new loan officers is 4-6 weeks after training.

Apply Now at https://www.loanofficerscareers.com and email us at [email protected]

How to Become a Real Estate Investor

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Image from Pixabay

Special from Stratton Equities

While, technically, anyone can become a real estate investor these days, what does it really take to become a real success and what are the steps to get there?

Image from Pixabay

Before you get started, there are a few things to keep in mind that will help you determine what kind of real estate investment you want to be a part of. The first of which is figuring out what kind of real estate strategy you want to be a part of. The spectrum of which ranges between being an active investor and a passive investor.

An active investor will typically involve themselves in fix and flip strategies, wholesaling properties to investors, finding and managing a rental property themselves, or working as a licenced real estate agent in their area in order to build commissions for other future investments. An active investor is likely working non-stop, on multiple projects at once, and is always in need of funding.

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On the other hand, a passive investor can engage with real estate investing through buying shares of a property portfolio, partnering with other investors, or just generally investing in other real estate investments schemes.

The choice between being an active or passive investor is really up to the individual and how much they want to be part of the day-to-day operations and rewards of a property. Aside from some monetary constraints or a license to become a real estate agent, there are no barriers to entry to become a real estate investor as anyone can participate, they must first figure out what kind of investment strategy they wish to become a part of first.

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Once you have committed to and figured out an investment strategy, you can then move on to learning up about the properties itself. This next step will require a lot of research information as your end goal is to become a realistic competitive expert in the real estate market.

Some of the key subjects to know are what kinds of properties are there and which ones to focus on, and what is the property’s situation in terms of structural support, renovation, location, community, real estate laws and taxes.

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It is important to note that many properties are very different from each other. For example, what might the investment differences be between a multi-family rental property in rural New York compared to urban New York? Or how about a single-family property? Or a commercial property? Or the difference between the exact same property in the mountains compared to the beach? The point is you must be able to distinguish between all the different categories of real estate on top of all the different legal, geographical, and cultural factors that may arise in order to become an adequate expert in your field.

To start off, you might want to focus your skills and knowledge on a particular specialized segment of real estate investment to give yourself a potentially unique advantage.

Overall, unlike many other career paths, earning a degree is not required to become a real estate investor; but if you want to become successful at it, you will have to teach yourself and it will take a lot of time and patience.

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Once you have mastered the realm of real estate in relation to your investment strategy, you can move on to mastering the market itself. The market is not too difficult to observe itself as it simply is determined by the nature of buying and selling property. However, the difficulty arises in figuring out the right properties and the right prices.

As you probably understand, the market is not perfect. There are some properties that are overvalued and some that are undervalued. Hence the practice of real estate investment. However, understanding the market will require one to observe these properties for what they are actually worth and determine whether the process of fixing-and-flipping, or whatever investment strategy you are using, is actually worth it. And that itself is the challenge as you not only have to take into account the property itself, you also have to account for the market as a whole and where you think it is heading, which may not always be the case.

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After you have mastered the real estate market, you can move on to acquire financing, again, depending on your investment strategy of choice. Here is where your research can finally start to gain you ground in implementing your project.

As one begins to enter the industry, it will be more challenging to find other investors or people who will give you loans as you have not built the relationships yet or had the experience to prove your success. But you have done enough research to register a plan to showcase to investors to get them hooked on your idea.

It is important to know that most investment projects require a lot of capital on your end so you will want to get as much cash on hand as possible. That is where other investors and private money lenders can come in as they can give you enough money to fund your project so that you can live out your real estate investment dream.

Just make sure your strategy is sound and well-presented when trying to acquire more funds. Over time, this process will get easier as you have a longer history, reputation, and credibility within the real estate investment world.

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Lastly, just before you go out and purchase your first property, you should read up on the local and state laws so that you are prepared for any legal situation that could stand in your way. No matter how experienced one is, there are always going to be challenges you did not foresee, but the better informed and knowledgeable one is about the property, investment strategy, and local customs and legalities, the better your chances are at overcoming the adversities present towards you.

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Okay! You should now know all that there is to get started as a real estate investor. That being said, these are summarized guidelines that merely point out the general steps it should take to get started and become a successful investor. There is a lot to learn and a lot to keep in mind when practicing real estate investing. Just know that more likely than not, it is probably not going to go the way you expect. It could be that managing a rental building is much more costly and demanding than you expect. But, don’t fear. The smarter the strategy, the better the plan, and the more aware you are of the real estate market, the better your chances of success are. Good luck!

If you’re looking for financing on your next real estate investment, Stratton Equities is the leader in Nationwide Direct Hard Money and NON-QM Lending in the real estate market. Reach out to a member of our team today by applying now at www.strattonequities.com