Reading Time: 4 minutes Sometimes you just can’t afford the home you bought. It’s more common than not after the year we had with COVID-19, in which many individuals have seen their income affected by the pandemic. When you owe more than the home’s value and can’t keep up with the payments, you likely
Reading Time: 3 minutes When you sell a house, either a primary residence or investment home, a lot goes on between the buyer, seller, lender, and title company. Money exchanges hands, but so does a lot of paperwork, all of which is important to the bottom line. So how fast does the seller get
Reading Time: 4 minutes Starting a new real estate business can be a challenge at the best of times. You need to create a new legal entity for your business, ensure that all the necessary legal documentation is completed, and make sure your financial house is in order. While it is important to follow
Reading Time: 4 minutes If you can’t keep up with your home payments and must let the home go, you may consider a short sale. It seems like the more favorable option when letting your house go since foreclosures have such negative reputations. But how does a short sale work? In a short sale,
Reading Time: 6 minutes When you’re comparing hard money loans, you’ll quickly find that the rates will differ from lender to lender. There are several reasons for this; different locations, lenders with varying requirements and even the specific project can affect the level of rates you need to plan for. First, a quick overview
Reading Time: 3 minutes Investing in real estate doesn’t mean you must have a real estate license. Millions of investors don’t, yet they are successful in their endeavors. Real estate agents have a license because they help others buy houses. If instead, you invest in the properties yourself, you don’t need the license. Here
Reading Time: 3 minutes Quick Summary To quickly work out your maximum monthly rent payment, multiply your monthly salary by 30% To calculate the required annual salary of a rental applicant in a flash, multiply the monthly rent by 40 How To Calculate Rent-To-Income Ratio The following methods can be used to complete the income ratio
Reading Time: 4 minutes Liens pop up on properties when you least expect it. Even if you think you’ve handled your finances well and never had a reason to have a lien on it, you can’t be too sure. It’s important to check, especially before you refinance or sell your home as it could
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 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
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