Fix and Flip Repairs The success of a fix and flip investment depends entirely on your ability to sell the rehabbed property at a price that not only recuperates your total investment, but also leaves you with a profit. However, if you’re new to the real estate business, it’s all too easy to spend more […]
Applying with a Private Money Lender? What You’ll Need to Know For real estate projects to be effective, planning and researching must be involved. Having the proper paperwork available shows resourcefulness on the part of the borrower, and gives the lender confidence to work with them. Things to Know About Your Potential Private Money Lender […]
If you’re looking for a way to finance a real estate investment, then you’ve probably heard of hard money loans. Also referred to as “bridge loans,” these are typically short-term loans provided by private lenders at a relatively high interest rate—sometimes as much as 18 percent. Because of the risk involved, lenders typically require the […]
As banks make it increasingly hard to obtain real estate investment loans, investors are turning to private money loans to bridge the gap. A private money loan comes from a private lending company rather than a bank. The money is often available in days instead of weeks, with less-strict requirements for credit history. Private loans enable […]
Timely and quality renovations are the key to any successful house flipping endeavor. Once you’ve hired a reliable contractor and/or subcontractors, it’s advisable to proactively manage them during the rehab phase. That way, the project is less likely to get off track and exceed the allocated time and budget. Keep the following tips in mind: […]
You absolutely need the best contractor or your home remodel will quickly find itself underwater. Trouble is, finding a reliable contractor can be very difficult and requires time, patience, and experience to recognize when you have located someone reliable. Real estate investors have discovered the hard way the unreliability of contractors, so it is important […]
We’ve all heard horror stories of contractors who caused serious damage, then left the property owner holding the bag. That is why is it essential for real estate investors to have an independent contractor agreement in place before a contractor begins conducting renovations on their fix and flip or rental properties. While the idea of […]
If you’re just starting out in the rental property business, you might not have sufficient funds to hire a full-service property management company. That’s why it can be a more cost-effective solution to oversee your rental property maintenance yourself. However, in order to maintain the condition of your rentals, as well as your reputation, it’s […]