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So far Dawn has created 72 blog entries.
16 09, 2018

Immediate Action When Presented With Ice Dam

By |2018-09-15T12:48:27+00:00September 16th, 2018|Categories: Home Improvements, Investment Properties|Tags: |0 Comments

If you've found that one of your rental properties has an ice dam, you should take immediate action. First, remove the snow from that area of the roof, because it will remove one of the important ingredients for the formation of an ice dam. You can use a roof rake for this, but keep in mind it may damage the roofing materials. If water is literally flowing into the structure, you will need to deal with this immediately. Make channels through the ice dam lets the water stuck behind the dam to run off the roof. Warm up the ice

15 09, 2018

Well Water Maintenance You Can Probably Do Yourself

By |2018-09-15T12:37:18+00:00September 15th, 2018|Categories: Flipping, Home Improvements, Home Upgrades|Tags: |0 Comments

If you manage properties with water supplied by wells, there may be some well maintenance that you can do on your own. If you do regular maintenance, you may save yourself unnecessary repairs if you notice an element isn't working as well as it should. If you wait until it's broken, it may be significantly more costly. So, here's one of the main things you can do to save yourself time and money. Maintenance on the Pressure Switch You can find the pressure switch near the bottom of your pressure tank. This needs periodic maintenance, and without it, it's the

14 09, 2018

What Qualifies As Proof Of Funds?

By |2018-09-14T10:18:38+00:00September 14th, 2018|Categories: Flipping, Hard Money, Income, Investing, REIs|Tags: , |0 Comments

Earlier, we discussed what a Proof of Funds letter was and why people need them. So, what qualifies as Proof of Funds and where do you get them? Anywhere your liquid assets are held can provide you with a proof of funds letter. Of course, this means that your bank can provide you with a proof of funds letter to show that you have money in your account. Plus, certain credit lines or money market accounts might qualify too when the funds can be readily accessed. These institutions can also provide you with a proof of funds letter. Unfortunately if

14 09, 2018

What Are Proof Of Funds Letters?

By |2018-09-14T09:55:08+00:00September 14th, 2018|Categories: Down Payment, Hard Money, Investing, REIs|Tags: , , |0 Comments

Proof of Funds Letters can help buyers get under contract quickly. They are a personalized statement that shows that you have funds set aside for a fix and flip real estate investment. A Proof of Funds letter proved that you have enough liquid cash to purchase your investment home. Why do sellers need a Proof of Funds letter? No seller would want to take a home off the market unless they know that a buyer can actually pay for their home.  So, buyers must provide Proof of Funds letters. Even if getting financed, sellers will want to make sure you

10 09, 2018

Mandatory Construction Codes In Georgia

By |2018-09-10T20:20:38+00:00September 10th, 2018|Categories: Construction Loans, Developers, Hard Money, Home Improvements, Home Upgrades, Investment Properties|Tags: , |0 Comments

Georgia has some mandatory construction codes that people have to follow for any structure built in Georgia. These are mandatory construction codes, whether local governments choose to enforce the codes of not. Each of the separate codes usually has a base code and a set of Georgia amendments to that base code. Mandatory Construction Codes In Georgia The following are the mandatory construction codes all builders must follow for any structure that is built in Georgia: International Building Code International Residential Code for One- and Two-Family Dwellings International Fire Code International Plumbing Code International Mechanical Code International Fuel Gas Code

7 09, 2018

Should You Ever Pay More Than The 70 Percent Rule Suggests?

By |2018-09-06T14:08:53+00:00September 7th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties, Real Estate|Tags: , , |0 Comments

Yesterday, we discussed the 70 percent rule as it applies to flipping houses. Check out that previous blog post if you aren't sure what the 70 percent rule is. Today's question is whether you should ever pay more than the 70 percent rule suggests. For example, some beginner investors think that it's OK to exceed the amount specified by the 70 percent rule in an appreciating market. After all, in a few months or by the time you finish your rehab, the After Repair Value should go up, right? Typically, but that's a big risk to take if it doesn't!

6 09, 2018

Flipping Houses: The 70 Percent Rule

By |2018-09-06T13:08:05+00:00September 6th, 2018|Categories: Business, Flipping, Hard Money, Investing, Investment, Investment Properties|Tags: |0 Comments

Have you ever heard of the 70 percent rule when it comes to flipping houses? If you're just starting to look into flipping houses, you might have heard of the 70 percent rule. This house flipping tip suggests that an investor should only pay 70 percent of the After Repair Value (ARV) of a property minus any needed repairs. The ARV is the value of the property after it's been completely repaired. So, once you've put all the repairs in, what would the house be worth? To follow the 70 percent rule, you'd take the amount that the home is

4 09, 2018

Are Hard Money Loans Safe?

By |2018-09-04T13:29:55+00:00September 4th, 2018|Categories: Hard Money|0 Comments

Hard money loans are a way of borrowing money for the purchase of a property without using a traditional mortgage. Hard money loans are the best route when money is needed in a hurry or if a traditional lender won't approve your loan.  Most of us realize that traditional loan approval is an incredibly slow process. Plus, if there's a negative mark on your credit score, they might not even approve you at all. Hard money loans are much faster and you use the property as collateral to secure the loan. To hard money lenders the value of your collateral

27 08, 2018

How Do You Get A Hard Money Loan?

By |2018-08-27T22:38:31+00:00August 27th, 2018|Categories: Bridge Loans, Commercial, Construction Loans, Hard Money Loans, Home Upgrades, Investing, Investment, Investment Properties, Investments, New Construction|Tags: , |0 Comments

Are you considering investing in homes to flip them? Considering a hard money loan, but feel unsure about the process? Here's where you will need to start. Check out our hard money lending criteria. If your situation fits our criteria, just fill out the  online loan application or download and fax it to us. When we get your application, we will check it out. We can get purchasers money much more quickly than traditional lenders. Keep in mind that we lend up to 65 percent of the ARV value of the collateral. Luckily, if the loan will be used in part for the renovation or

16 08, 2018

Would You Ever Make An Offer On A Property Without Actually Seeing It?

By |2018-08-15T14:55:17+00:00August 16th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties|0 Comments

If you're a property investor, making an offer without ever seeing the property can actually be a good idea sometimes. Now, this isn't to suggest that you should close on a property without stepping foot on it. Some smart investors do make offers without ever seeing the property though. It might seem crazy, but it makes sense when you think about it. Consider the amount of time it can take to schedule a viewing of a property you are considering. How often has your offer changed just because you've actually been in the home? A little digging and you can