The gap funder provides funds required for renovation jobs that hard money lenders don’t cover. Obtaining this type of funding permits rehabbers and investors to finish a job without utilizing any of their own funds, yet still make money from it and in most instances make much greater returns on
The majority of real estate investors get into the business because they want to build up enough income in order to support themselves exclusively from their profits. That being said, this road of real estate investing is not suitable for all kinds of properties, and if you’re planning to flip
Calculating how much house you can afford is relatively straightforward if you just want a basic estimate based on your current salary. For instance, one quick rule thumb is to multiply your annual salary by 2.5 (or 3 if you have a good credit score). With that being said, you
Flipping houses requires a lot of work, so it’s natural to wonder can flipping houses be profitable? While the exact profits and tactics vary by area, in general, house flippers make a profit of $64,900 and an ROI of 41 percent. In our eyes, that’s profitable, but not everyone will
If you have equity in a home that you want to use, you have two options – refinance your first mortgage or take out a second mortgage. These options each have basically the same outcome. You get the cash in hand. How do you determine what’s right when choosing refinancing
There are many ways to invest in real estate, and one of the more common is buying a rental property. Recent research has indicated that as many as 27% of all Americans are renters and the share of the population now renting single-family homes has reached over 40%. Demand for
If you’re interested in real estate investing, you may have heard of house flipping and be curious about what it is, and whether it’s a suitable option for you. House flipping refers to the purchase, renovation, and resale of a property for a profit, and can be a lucrative way
Real estate investors juggle a lot of numbers. The purchase or acquisition price is one, but other costs factor into your return on investment including your rehab and carrying costs in a real estate investment. Most investors can figure out their rehab costs and how they relate to the selling
Do you want to know how much of your out-of-pocket expenses you make back each year renting your investment property? What you’re looking for is the cash on cash return for a rental property. It’s a good measure of how your money’s working for you and gives you a good
So you’re looking to enter the real estate market as a fix and flip investor, but you also want to know how to find a really good property deal. Depending on where you are located, you may be faced with staggering home prices that you could purchase, but which will
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