Home Renovations that Add Value
Home renovations not only improve quality of life for occupants, they increase the value of a home. However, not all home renovations are equal when it comes to adding value. Remodeling with ROI in Mind When deciding on which renovations to do to your property, the thought of return on investment, or ROI, should always […]
Sourcing Off-Market Deals
An off-market property refers to land, homes, or commercial real estate that is for sale and is not listed on the Multiple Listing Service (MLS). Foreclosures, short-sales, and bank owned homes are all considered off-market listings and are a great way to get a good deal on a property or investment project. What is a […]
Equity vs. Hard Money Loan…How to Decide Which is Best For You
Hard money and equity loans share a lot of similarities. They are both asset-based loans, meaning that they are backed by the value of the real estate property rather than the borrower’s credentials. Both loans are from non-traditional lenders instead of banks or national lenders. The biggest difference between hard money loans and private loans is […]
Fix and Flip to Sell vs. Fix and Flip to Rent: Which is Better?
When you buy a home and fix it up, the next step is to sell or rent it out. Many investors choose to sell the home so they can make a profit and move onto another property. However, renting out the home for extra income isn’t a bad idea, either. It all depends on what […]
Investors Push Into a Resurging Market: House Flipping
The Great Recession of 2008 negatively impacted many industries. House flipping declined significantly but is back on the rise thanks to low interest rates and increasing home prices. In 2016, 5.7 percent of all home sales were flips; this is the highest number since 2006. Even Wall Street has taken notice of the increase in […]
5 Reasons Your Fix and Flip is Not Selling
It’s no fun when that property you spent months fixing up is not getting any love from buyers. Homeowners are picky, and it’s possible that you didn’t fully consider your target market before renovating the property. Other factors could be at play too, based on price, location, and the local market conditions. Either way, you […]
The Most Common Mistakes Made When Submitting a Hard Money Loan
One of the great features about hard money is that you can get your funding right away. This allows you to be competitive in the real estate market. However, if you find yourself making mistakes in the submission process, you can end up delaying your funds and missing out on great properties. Let’s tackle some […]
3 Ways to Find Hard Money Lenders
Hard money lenders are private lenders. They tend to care more about the deal on the table rather than your credit score. While your credit rating may not be a significant factor, your track history is. Hard money lenders want to know that their investment will be returned as promised. As lenders get to know […]
Factors to Consider When Purchasing a Fix and Flip Property
Before you purchase a fix and flip property, you must consider all angles of your investment. What will it cost to purchase? How much work does it need? Will the home be easy to sell? Watching television shows can give you the impression that flipping houses requires no more than a few stressful days. However, […]
Tips on Flipping a House for a Profit
Fixing up homes and selling them for a profit is a rewarding and humbling experience, but no one does it just for fun. This line of work can earn you a lot of money, and you get to be your own boss. However, it can also lose you money. How do you know the homes […]
