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

NJ Hard Money Lender

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

new home built

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 […]

What are the Essential Steps in House Flipping?

house construction

Getting started in the house flipping industry can feel overwhelming. To be successful, preparation is key. Familiarize yourself with the process and how to move through each phase as seamlessly as possible. Below are the essential steps in house flipping and what you need to know about each one. Enjoy! Step 1: Research The first […]

Why Have Fix and Flip Loans Become So Popular?

homes

Flipping houses is at its highest level since 2006, says a Trulia study. Part of the hype comes from house flipping TV shows that make the work appear attractive. Even the celebrities are doing it! People want to give the experience a try and see what type of money they can make. Flipping houses is […]