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Flip a House in Atlanta: Is it as Easy as it Looks on TV?

Is flipping a house as easy as it looks on TV?

No.

But it’s extremely rewarding… and if you play your cards right (read: you’re smart about it), you can turn a great profit when you flip a house in Atlanta.
Flipping a House on TV vs. Flipping a House in the Real World
Sure, flipping houses on television looks fast and easy. You buy the house, fix it up, and buyers will be lined up at the front door waiting to hand you stacks of cash.

Right?

Not exactly.

If you want to flip a house in Atlanta, you have to be prepared.
How to Flip a House in Atlanta
Before you can buy a house, you’ll probably need funding. That’s where a hard money lender in Atlanta comes in. We can help you get the cash you need quickly so you can pounce on a great deal when you find it.

But there’s more to it than that.

You need a team of professionals who can help you do amazing work; you can’t be a “lone wolf” in real estate investing. Your team should include:

Specialty contractors, such as plumbers, roofers, and others
A real estate professional
A home inspector
A reliable hard money lender located in Atlanta
An attorney

You also need to do more than the bare minimum to get buyers to fall in love with a house. Flipping a house in Atlanta is hard, time-consuming work; you need to put in the right fixtures, make sure the floors are up to par (and there isn’t any asbestos or horrible popcorn ceilings in place), and ensure that everything is working better than it did when it was new.
Are You Flipping a House in Atlanta?
If you want to flip a house in Atlanta or […]

Best Kitchen and Bath Showrooms in Atlanta

If you’re a real estate investor, you know how important it is to find the best kitchen showrooms in Atlanta so you can get the best deals on your fixer-uppers.

We’ve pulled together a list of the latest-and-greatest kitchen showrooms in Atlanta so you don’t have to hunt all over the city (or weed through mediocre showrooms) to find what you need.
Best Kitchen Showrooms in Atlanta
Some of the best kitchen showrooms in Atlanta are a little off the beaten path, but that’s what makes them real gems.

Sub-Zero and Wolf Showroom

Ferguson Showroom

PDI Kitchen, Bath, and Lighting

Porcelanosa Atlanta

Pedini Atlanta

Pirch

Alno

European Kitchen and BathWorks

Spartan Kitchen and Bath Showroom

Atlanta Classic Kitchens

Cantoni
Are You Looking for a Hard Money Lender in Atlanta?
If you’re looking for a hard money lender in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.

 

 

  • Environmental Reports in Real Estate - Atlanta Hard Money Lender
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    What is an Environmental Report in Commercial Real Estate (And Do You Need One)?

What is an Environmental Report in Commercial Real Estate (And Do You Need One)?

Many traditional and hard money lenders in Atlanta require an environmental report before they’ll grant someone a commercial loan. The report should show that the property has been examined for environmental contamination. Even if there’s no lender requirement, though it may be a good idea to obtain one anyway, just for your own peace of mind — and for your future buyers’ peace of mind.
What is an Environmental Report?
An environmental report is an investigation on commercial property to discover if there are any dangerous contaminants. Potential buyers assume the cost of the investigation and it is completed in one or two phases.
Phase I Environmental Report
This is the initial investigation to test for dangerous contaminants. Investigators will research past tenants and prior uses of the property to determine suspicion of contaminant use. In addition, they’ll look for evidence of pollution by examining the adjacent land. If there is indication of contamination; phase II will be initiated. The cost for this report is around $3,000.
Phase II Environmental Report
After contamination is suspected, investigators will conduct a more thorough investigation. If necessary, tests such as soil, groundwater and air analysis will take place. The cost for this report can vary depending on the property and the situation.
What Does This Mean for You and a Lender?
If you’ve purchased contaminated commercial property, you will be on the hook for any clean-up costs regardless if you caused the contamination or not. A lender could be on the line in the event of a foreclosure; making this a risky deal. You won’t always be denied a loan; however, it may be a good idea to search for something else.
Do You Need a Hard Money Lender in Atlanta?
If you’re looking for a hard […]

Finding Turn-Key Homes in a Seller’s Market

With TV shows boosting the popularity of house-flipping as a business, people who ordinarily wouldn’t have ventured into real estate investment territory are jumping on the bandwagon.

But if you’ve been in the business for a while, you know this isn’t a get-rich-quick scenario. You know that you still need to find the best deals, but the market is getting crowded with investors who aren’t… well, aren’t as invested as you are.

So what do you do?
Finding Turn-Key Homes in a Seller’s Market
Like most real estate investors, you may find that Atlanta flips are hard to come by. Asking prices for homes are often too high to show you a return on investment.

When it’s a seller’s market, it’s time to get creative.

Start here:

Don’t rely solely on the MLS. Foreclosures and homes with low asking prices go quickly.
Go grassroots by knocking on doors, finding “for sale by owner” homes, and searching for pre-foreclosures.
Expand your territory — look for homes that are just off the beaten path.
Shift focus to quantity rather high-value returns; don’t turn up your nose at smaller profits.
Team up with an experienced real estate professional who has an extensive contact list.

Do You Need a Hard Money Lender in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently […]

2017 Kitchen Trends for Flipping Houses

In the past, we’ve mentioned that cheap finishes can kill your sale — but how do you know what buyers really want?

The answer is simple: you stay on top of fixture trends and keep an eye on what’s selling in your area. As a hard money lender in Atlanta, our team has seen plenty of trends come and go (remember popcorn ceilings?).

With that said, we’re not going to leave you hanging. Check out the hottest kitchen fixture trends for 2017 before you dive into your next project.
Kitchen Fixture Trends 2017
Like in 2016, people want to keep things simple, with clean lines and an elegant look — even if the house has a long way to go before it hits the luxury market.

These are some of the hottest trends to watch for this year.

 
Do You Need a Hard Money Lender in Atlanta?
If you’re looking for a hard money lender in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.

 

What is Virtual Wholesaling?

Have you heard of virtual wholesaling? If you’re like most people, you probably haven’t. Virtual wholesaling is essentially buying and selling homes or commercial buildings without having to be there. Most of the time, this is done electronically, and the transactions take place without ever seeing the property in person. The home or building is then turned around and sold quickly to an end buyer.
Advantages to Wholesaling Property
Virtual wholesaling has some advantages such as expanding your reach. If the area surrounding your physical location is short on investment properties, you can branch out. You don’t even have to leave your home or office to make a purchase… although it is a good idea to make at least one trip to see it with your own eyes.

With the ability to buy and sell electronically, it may be worth it to have a few people on your team who are close to the property, and can assess the situation. Having connections with real estate agents or contractors can help you succeed in a new territory.
Disadvantages to Wholesaling Property
If you don’t have eyes in the field—it will be tough to estimate the cost of rehab. You’ll just be looking at photos and videos, and won’t have an actual feel for what needs to be done. This can affect your overall sale and it may cost you in the long run.

Because virtual wholesaling is basically selling your contract (the offer you made on the property), you may need to have some transactional funding to cover the time it takes for the end buyer to wrap things up. It is still your property until the deal closes.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard […]

REI Resources for Beginners

Not all real estate investors were born into the business. If you’re like most people, you’re probably wondering if you’ll continue this venture after flipping your first home or finding a tenant for your commercial building. Should you decide that real estate investing is your calling, where can you go to learn more?

Most real estate investors didn’t start at the top—they were rookies once, too. In a business where you’re often working alone, how do you find what it takes to be the best?
Network
You’ll learn a lot by networking locally with other real estate investors. It is not uncommon to find networking groups online, packed with people who are looking to meet up and discuss their adventures in real estate. Join a group and be sure to mingle with the seasoned professionals—they’ll be the ones to give you the best tips.
Training & Certificate Programs
There are numerous training and certificate programs online that are geared toward real estate investing. A lot of these programs are self-paced and allow you to learn on your own time. These types of programs and certifications are not a requirement for your profession, but you’ll learn a lot about the industry, as well as the lingo.
Webinars & Podcasts
If you’re not able to enroll in a certificate program, why not watch some webinars online? If you don’t already have a mentor, do a simple web search to learn who the top investors are for your niche. You’ll find that several them offer online webinars or podcasts packed with industry related information. Sign up to listen weekly and learn from the masters of real estate investing.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in […]

Take Your Emotions OUT of the Home-Buying Process!

If you’re like most real estate investors, spotting a great deal can get your heart racing and adrenaline pumping. While it can be exciting, you’ll want to make sure you’re not acting like a kid on Christmas morning each time you spot a potential bargain. Calming your emotions and keeping a level head will help you make rational decisions.
If You’re a New REI…
­­In the beginning of your investment journey, you’ll probably find several homes or buildings that speak to you immediately. If you’re able to recognize what is pulling you to that property, you’ll need to ask yourself if this feature would draw the same reaction from an average buyer or tenant. Make sure you’re not making the purchase personal.

Having fond memories of steam engines may cloud your judgment and make you forget that most reasonable people are turned off by living next to train tracks. Just because you find a home or office building fascinating—doesn’t mean it is. Before making a quick bid on a property, make sure it’s something you can market.
List the Pros and Cons
Creating a list of pros and cons and researching what buyers want, prior to making an offer, will allow you some extra time to process the information before jumping in. If you find that the property is still desirable, check out what other homes in the area are selling for to make sure it’s worth it. Putting your emotions to the side will help you in the long run.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this […]

Popcorn Ceilings? Get Rid of Them!

Popcorn ceilings are — thankfully — a fad of the past.

Unfortunately, they’re still in many older homes, and homebuyers don’t want anything to do with them. If you’re thinking of flipping a house and it has popcorn ceilings, you’ll be happy to know there are quite a few simple tricks to remove them and start fresh.

Depending on the home’s age, you’ll want to do a lead and asbestos check before you make your decision to remove it. If the house was built before 1980, the possibility that asbestos will show up in testing is high, so you’ll have to call in the experts.
DIY Popcorn Ceiling Removal
If calling a professional is out of your budget, you can always go the do-it-yourself route. Going in knowing that it’s going to be difficult and extremely messy is the first step.

Now it’s time to get down to business.

Cover the floors and rooms with plastic sheeting, so the you can clean the mess easily.

One of the most cost effective ways to remove the popcorn is by scraping it. They sell ceiling scrapers just for this purpose, but you can get by with any run-of-the-mill scraper. After you’ve removed the entire bumpy surface, you can give it a fresh coat of paint.

Here’s a great video tutorial: Removing Popcorn Ceilings.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation […]

Flipping a “Hoarder” House: Is It Worthwhile?

If you recently purchased a home as-is, you may be just finding out that the previous owners were hoarders. If your deal of a lifetime includes trash (or worse) from floor to ceiling, you’re probably wondering what plan of action you should take.
What to Do With a “Hoarder” House
If you’ve assessed the home and think there may be some buried treasure—hey, it’s been known to happen—it may be a good idea to hire a cleaning service that you’ve depended on in the past. Having a contractor you trust (especially if you think there may be valuables) will be an important step in the trash out process. After all the work you’ll be putting in, you don’t want someone sneaking off with the antiques.

After the clean-out, you’ll need to decide where the less-than-valuable items will go. If you’d rather see things be repurposed, you may be able to advertise the leftovers as free. You’d be surprised at the amount of people who are looking to turn your trash into their treasure.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.