Reading Time: 9 minutes 2020 has been a tough financial year across the board for real estate, but there is one silver lining that is getting investors excited. The coronavirus has brought about some of the lowest historical mortgage rates, and this has resulted in a spike in the number of people that can
Reading Time: 3 minutes Pricing your home depends on many factors, but one of the largest is the sales price of recently sold homes. It seems odd that other homes would determine how much you can ask, but it’s a part of the fair market value and how lenders ensure the home is a
Reading Time: 7 minutes When you’re planning on getting started in house flipping, the most important thing you’ll do as an investor is to calculate all the costs. The question is what you’ll need to estimate for, and how to find all the numbers you need. Flipping houses can be a bit of a
Reading Time: 7 minutes Quick Summary In a perfect world, it would be possible to take out home flipping loans with the same low-interest rates and repayments as a traditional mortgage. However, the simple reality is that more often than not, banks are unwilling to provide the capital a house flipper needs to execute
Reading Time: 4 minutes You found a property you think will make a good investment, but it’s a bank-owned property. What will this mean if you are interested in acquiring it? The price is discounted so you know that there will be a lot of competing offers and you’ll want yours to stand out.
Reading Time: 7 minutes The secret to becoming a successful house flipper is not only knowing what investment strategy you want to follow but also how to spot the markets that are ripe for investment in the first place. In 2020, house flippers have earned solid gross profits on average, with most investors bringing
Reading Time: 3 minutes Step 1: Know The Home’s Purchase Price First, find out the home’s purchase price or determine the amount you’ll bid. This is the base amount of the transaction. You won’t borrow this full amount since you’ll need a down payment, but it’s the basis of the calculation. The home’s purchase
Reading Time: 11 minutes Buying a house is one of the most important financial decisions a person can make. In most cases, a 30-year mortgage will be used to finance the purchase of a home, representing the longest financial commitment possible for most American people. Given the weight of this particular decision, it makes
Reading Time: 3 minutes You want top dollar for the home you’re selling – who doesn’t? But buyers look at a lot of facts and figures including whether the home has a fence. So does a new fence add to your home value? It depends. In many areas, it’s a resounding ‘yes.’ In other
Reading Time: 3 minutes If you’re remodeling a house, you may need permits before you do the work. This applies whether you do the work yourself for you hire a contractor. You may need a permit whether you’re adding a bedroom, fixing a bathroom, or finishing the basement among others. Your local building department
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