If there was ever a model generation for landlords to have in their rentals, millennials would be that generation. Born in the 1980s to the 2000s, the millennial generation has far outnumbered other generations, such as the Baby Boomers, and while the Baby Boomers have recovered from the Recession of the 2000’s, the millennial generation…
Investing in the real estate biz can be a great source of income, but you must jump through a few hoops before you gain a profit you are satisfied with. When people first start out in the industry, they often wonder how they will acquire the necessary funds to start investing in the industry. When…
There’s no shortage of creative financing options available to investors, but one of the most popular methods to finance a real estate investment property is with the use of private or hard money lending. These lenders will look at experience level, financial history, and credit scores when determining if a loan scenario is a right…
Getting started in real estate investing can present you with a whole new vocabulary. Luckily, we’ve compiled the following list of industry terms which you are likely to hear if you jump into the hard money/ real estate investing space. Terms: After Repair Value (ARV) – This is an estimate, based on comparable properties near…
Before starting in real estate investing let’s go over some commonly asked hard money lending questions. What is Hard Money? Hard money loans are a specific type of asset-based loans that are secured by real estate collateral. Hard money loans are generally given through private investors or companies. Who Uses Hard Money? The main individuals…
When fixing and flipping or fixing and leasing real estate properties there are some important aspects to take into consideration before moving forward with the project. The fix and flip corner in real estate investing can be highly profitable for investors, but it’s important to choose your projects wisely so you do not overextend yourself…
Alright, you’ve done all the hard work and completed your latest fix and flip project. You’ve checked all the boxes on your rehab list, and it’s time to list the property for sale. Before you do, follow these four home staging tips and tricks to sell the flip quickly so you can get started on…
Now that the spring season is upon us, fix and flip investors are hard at work getting their properties ready. When getting your property market ready, many sellers will focus all their energy on the inside of the home despite the crucial role curb appeal plays in attracting potential homebuyers. First impressions matter whether online…
Many real estate investors are seeing an increasing demand to add technological or “smart” upgrades to their projects. This is attributed to both an increase in desire from prospective tenants or homeowners and to the additional value, these smart upgrades add to the properties. According to Consumer Reports, smart home features can boost your home’s resale…
How important is the rehab list for a fix and flip project, really? The answer is simple, it’s extremely important. Having a detailed list of all the renovations needed when applying for a fix and flip loan is vital for the appraiser to develop a better understanding of the scope of the project and how…
Appraisals are a crucial step in the investment real estate industry and most private and hard money lenders require investors to have a completed appraisal done, before moving forward to underwriting and closing. To ensure all our customers, including lenders, brokers and investors, receive the best customer service and quick turn times with their appraisal…
In real estate investing, particularly fix and flip investing, choosing the right property to invest in can determine if the project will be profitable. So, before selecting a property to flip it’s important to know what the value of the home will be after renovations, or the After-Repair Value (ARV). What Is ARV? Simply put…
When investing in real estate, it’s important to have an exit strategy, in the overall plan. This is especially important when choosing to use a private lender for funding. For example when determining the exit strategy ask yourself; is this a property you want to renovate and sell as quickly as possible, or are you…
It’s a great time for the Real Estate Investing business! The secret most successful Real Estate Investors know is that the smartest way to optimize your own money is to use someone else’s. Why invest all of your own money on one project, when you can borrow from someone else and work on three at…
Many times conventional lending is not the best option for real estate investors. Maybe the property doesn’t qualify, maybe the borrower’s income or credit is un-conventional, maybe the transaction has to happen in days…not months or they’ll lose the property, or maybe they want to hold on to more of their cash for additional investing.…
What do Top Producers have that the average realtor does not? Is it better marketing or better clients? No…Top Producers have a tool in their toolbox that others do not: YourFundingSource.com. So why use hard money lenders? Keep More Cash The difference between the purchase price and appraised value is considered part of the down…
Many of the most successful real estate investors use “other people’s money” (short-term interest-only loans) to purchase and rehab their projects. Then they pay back the loan when the sell the property, or refinance rental property into a conventional mortgage. This strategy gives them the ability to go about their business with less of their…
Real Estate market is booming right now. With the amount of jobs that are being created, now is a great time to get into the Real Estate Investing business! But many first time investors often wonder “How?” “How do I get started? And where does the money come from?” The secret the most successful Real…
One of the oldest adages in investing goes something like, “Land is always a good investment because we can’t make more of it.” This still rings true today and is a great way for someone to diversify their portfolio without having to worry about the volatility of the stock market. But how does one invest?…
Many real estate investors or properties don’t qualify for a traditional loan through a bank for a variety of reasons. This is where a hard money loan comes in. It can accomplish the same job of helping investors secure funding for their next investment property. You’re probably wondering how these loans work, and, more importantly,…
