The Lender

How To Become A House Flipper

How To Become A House Flipper

Reading Time: 8 minutes 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 it can be a

Loan Amount Vs Purchase Price – What’s The Difference?

Loan Amount Vs Purchase Price – What’s The Difference?

Reading Time: 3 minutes When you borrow money to buy a home, you’ll see many numbers thrown around. Most buyers focus on the purchase price of the home. It’s an indicator of whether or not you can afford the price. But since you probably won’t pay cash only, you must consider the loan amount.

How Do Hard Money Lenders Work?

How Do Hard Money Lenders Work?

Reading Time: 3 minutes Real estate investors need access to cash fast. Not only do you need money to snag great deals, but you need money to fix the homes up too. Without access to fast cash, you could lose the market’s best deals. Hard money deals help solve that problem. With approvals in

How Long Does A House Renovation Take?

How Long Does A House Renovation Take?

Reading Time: 7 minutes You’ve done it; you’ve purchased a fixer-upper, and with some elbow grease you think you can sell it for a good profit later. The big question is how long will it take you to make those changes, and how much it will cost you. The answer can be a bit

Do You Need A Real Estate Agent To Flip Houses?

Do You Need A Real Estate Agent To Flip Houses?

Reading Time: 3 minutes You want to flip houses – an exciting prospect full of opportunity! Real estate is a great investment when done right, and while there is some risk, the potential to earn large gains outweigh them. Many soon-to-be investors wonder, though, do you need a real estate agent to flip houses?

Do You Need A Business License To Flip Houses

Do You Need A Business License To Flip Houses?

Reading Time: 5 minutes The short answer is NO. You don’t need a business license to flip houses. It is entirely possible to find and flip a house as an individual. However, if you choose this route, you could be leaving money on the table in the form of tax-deductible expenses. You could also

How are Loan Origination Fees Calculated?

How are Loan Origination Fees Calculated?

Reading Time: 3 minutes Things start moving quickly when you reach a contract on the purchase of a home. In the midst of the chaos, it is particularly important to remember to budget for the various closing costs after you receive a mortgage loan approval.  Closing costs are costs associated with various expenses associated

What to Do When A Contractor Does Poor Quality Work?

What to Do When A Contractor Does Poor Quality Work?

Reading Time: 3 minutes Every house flipper has heard the horror stories about contractors doing poor work, disappearing before projects are completed, or doing some other unforgivable thing that puts the property behind schedule. But what do you do if that happens to you? If you’ve ever had to deal with a contractor that

What are Points on a Hard Money Loan?

What are Points on a Hard Money Loan?

Reading Time: 3 minutes If you have ever shopped around for quotes for a loan for a personal or investment property, you have more than likely heard the term “points”.  So, what exactly are points? Paying points is a technique of paying interest upfront in order to get a lower interest rate on a

Should You Create An LLC For Rental Property? Pros And Cons

Should You Create An LLC For Rental Property? Pros And Cons

Reading Time: 6 minutes Many budding landlords find themselves believing that a rental property is less risky than owning other types of real estate. As a more long-term option, with consistent income, surely there is very little in the way of risk that can come from other real estate investments. This is a mistake