The Lender

Best Markets For Flipping Houses: A 5-Minute Guide

Best Markets For Flipping Houses: A 5-Minute Guide

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

The Steps To Calculating Costs To Borrow Hard Money

The Steps To Calculating Costs To Borrow Hard Money

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

How Much Does A New Fence Add To Your Home Value?

How Much Does A New Fence Add To Your Home Value?

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

What Permits Do You Need To Remodel A House?

What Permits Do You Need To Remodel A House?

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

What Questions To Ask Before Flipping Houses

What Questions To Ask Before Flipping Houses

Reading Time: 7 minutes House flipping is an increasingly popular method of real estate investing which can be highly profitable if the investor is able to take the right steps at the right time. Despite this popularity, not all house flips are successful or profitable, and less experienced investors may find themselves in a

What Is A Distressed Property?

What Is A Distressed Property?

Reading Time: 3 minutes Striking a deal when buying a home is every homebuyer’s dream. Sometimes, though, the super low prices come at a cost – it may be a distressed property. It’s not a bad thing to buy a property that’s distressed, but knowing what you’re getting into is crucial. Buying distressed properties

How To Buy Abandoned Property

How To Buy Abandoned Property

Reading Time: 7 minutes Quick Summary Investing in abandoned property often gets a bad reputation from real estate investors. The real estate industry puts a lot of stake into turnkey properties, and experts will often push less experienced investors towards homes that are easiest to renovate and sell. Their reasons are valid; less intensive

How_To_Get_Comps_On_A_House

How To Get Comps On A House?

Reading Time: 7 minutes What are comps in real estate? In real estate, the term ‘comps’ is an abbreviation of ‘comparable properties’. The goal when assessing comparable properties (comps) is to gain a realistic valuation of your home, based on recent sales history in the area.  For instance, if you were flipping a house

Hard Money Loan Credit Requirements

What are the Hard Money Loan Credit Requirements?

Reading Time: 3 minutes Hard money loans are a great way to secure financing to buy a home fast. They don’t rely on your personal qualifying requirements as much as they rely on the property itself. This makes it easier for borrowers who may not have perfect credit but can afford to buy a

How Long Does It Take To Flip A House

How Long Does It Take To Flip A House?

Reading Time: 5 minutes Quick Overview The speed at which you flip a house has a big impact on how much money you end up making in the deal. Simply put, the shorter it takes, the more money you are likely to make, provided you complete high quality renovations. As a very broad rule