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So far Angie Papple Johnston has created 212 blog entries.
3 12, 2017

3 Simple Ways to Boost a House’s Resale Value

By |2017-12-03T13:00:47+00:00December 3rd, 2017|Categories: Hard Money|Tags: , , , , |0 Comments

When you're selling a flip, there are three simple things you can do to make sure it's as valuable as possible. 3 Simple Ways to Boost a House's Resale Value Bathroom Boost Install granite countertops and add a new faucet and mirror. Total cost: Under $500 when you buy supplies at a home improvement store and perform the work yourself. Time investment: 2 to 3 days Brighten the Living Room Use halogen track lighting with movable lamps to create a classy, simple solution. Total cost: About $150 for a basic track lighting kit. Time investment: 2 to 3 hours if

27 11, 2017

4 Quick Tips to Make Your House Easier to Sell    

By |2017-11-27T13:00:10+00:00November 27th, 2017|Categories: Hard Money|Tags: , , |0 Comments

Before you put your home on the market, check out these simple ways to maximize your chances of closing a deal. Hear the Real Deal from Your Realtor Ask your realtor to suggest needed improvements for your home; many will do it as a courtesy. You can also get design inspiration from home design TV shows, magazines, websites, and books. Simple changes to things like furniture placement and paint color can make a dramatic improvement in the look of your home. Cut Down on Energy Costs Some local utility companies will perform free energy audits for customers to show how

23 11, 2017

Closet Organization for Under $100

By |2017-11-23T13:00:53+00:00November 23rd, 2017|Categories: Hard Money|Tags: , , |0 Comments

You can improve a closet's look (and a house's desirability) by installing a simple, neat closet organization system for under $100. Here's how. Closet Organization for Under $100 All you need is a drill, a level, a hacksaw and a handful of basic tools. Start by measuring the closet's dimensions and, to keep things really simple, get a full organization kit from a home improvement store that matches the space you have. (Kits usually run between $50 and $100.) You don't have to take that route, though - you can purchase individual shelves for much less after mapping out the

17 11, 2017

What Are Holding Costs?

By |2017-11-17T13:00:47+00:00November 17th, 2017|Categories: Hard Money|Tags: , |0 Comments

If you’re about to become a real estate investor and you’re thinking about taking out a hard money loan to buy a property, you need to first account for all possible expenses – because flipping houses isn’t free. If you don’t plan properly, you could end up wasting money you don’t need to waste. And that means you need to consider holding costs. What Are Holding Costs? The term holding costs refers to the amount of money it’s going to cost you to hang on to a property that hasn’t sold yet. Holding costs include: Property taxes Insurance Utilities Maintenance

14 11, 2017

How to Estimate the Cost of Repairs

By |2017-11-14T13:00:45+00:00November 14th, 2017|Categories: Hard Money|Tags: |0 Comments

If you’re thinking about rehabbing properties for a living, you need to know how to accurately estimate repair costs – otherwise, you could end up spending a bunch of money and not getting it back at the closing table. This is particularly important if you’re getting a hard money loan to buy a property. How to Estimate the Cost of Repairs You’ll want to estimate the possible cost of repairs on a house before you actually make an offer to protect yourself from a bad deal. Some investors have a $20 per square foot” rule that says most – but

11 11, 2017

How to Determine ARV

By |2017-11-11T13:00:38+00:00November 11th, 2017|Categories: Hard Money|Tags: , |0 Comments

When you borrow money from a hard money lender, your lender will come out and look at the property to determine its after-repair value, or ARV. But you shouldn’t even go that far unless you’ve evaluated the property’s ARV yourself – otherwise, you could be about to sink your money into a losing deal. How to Determine ARV Your preliminary research on a house should include looking at other, similar houses that are in better condition and determining what they’re selling for. These are called comparables (comps for short). They’re recently sold and for-sale properties similar to the subject property,

7 11, 2017

Should You Work With Subcontractors?

By |2017-11-07T13:00:36+00:00November 7th, 2017|Categories: Hard Money|Tags: , , , |0 Comments

If you’re going to fix and flip houses for a living – whether you’ve done one or two or you’re just thinking about getting started, there are plenty of ways to make the process more profitable (and easier, too). One of them is to avoid working with subcontractors and work only with general contractors. While this won’t work in every situation, and it may not be the right choice for you, there’s certainly a case for working only with general contractors. Why Should You Work Only With General Contractors? When you put more variables into a math equation, it becomes

3 11, 2017

What is “Rehabbing”?

By |2017-11-03T13:00:30+00:00November 3rd, 2017|Categories: Hard Money|Tags: , , |0 Comments

If you’re a soon-to-be real estate investor, it’s time to familiarize yourself with the language – and one of the terms you’ll need to know is rehab. What is Rehab in Real Estate? The process of improving a house is called rehabbing – it’s what you do by fixing and upgrading the property to bring its value up enough so you can make a profit when you sell it. A lot of people believe they need to be their own general contractors when they’re rehabbing a property, but that’s just not true – all you need to be is willing

30 10, 2017

Getting Financing Through a Hard Money Lender

By |2017-10-30T13:00:28+00:00October 30th, 2017|Categories: Hard Money|Tags: , |0 Comments

Financing is one of the most important aspects of fixing and flipping houses, but here’s where many people get it wrong: They should be working with a hard money lender, but they’re not. The two biggest myths on financing fix-and-flips is that you have to work through a bank or you have to use your own cash to buy the house. You could end up missing a great deal because you’re not able to pull together the cash in time. Why a Hard Money Lender Might Be Right for Your Transaction Typically, working with a hard money lender is much

27 10, 2017

What is Deal Analysis?

By |2017-10-27T13:00:27+00:00October 27th, 2017|Categories: Hard Money|Tags: , |0 Comments

For most people who are interested in flipping houses – the practice of buying a house in need of some TLC, fixing it up, and selling it – it makes sense to analyze every last dollar involved in the deal. Unfortunately, not everyone knows how to do that. What is Deal Analysis? Deal analysis is the process by which you determine how much you can pay for a house in order to cover all the expenses of fixing it up and selling it. You want to make sure you can still make a profit after all that’s done – after