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: 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
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
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
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
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
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
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
Terms of Service | Privacy Policy
©2020 – New Silver Lending LLC | All right reserved
