/Dean Tilman

About Dean Tilman

This author has not yet filled in any details.
So far Dean Tilman has created 16 blog entries.
17 08, 2017

3 DIY Improvements You Can Make to Help Sell Your Flip Faster

By |2017-08-17T10:00:58+00:00August 17th, 2017|Categories: Hard Money|Tags: , , , |0 Comments

Although the real estate boom of the 2000s is long gone, there are still high-quality investments you can make, including fixing and flipping houses. However, you must be smart about your flip and pick the right home improvements that ensure you receive full asking price. Here are three DIY improvements to help your flip your house. Faucets Replacing old and dated faucets goes a long way in increasing the value of your flip. Installing a faucet is quick and easy, and if your flip has a modern appeal, try to install faucets with a refined yet sleek look. Flooring Installing

14 08, 2017

How After-Repaired Value Can Affect Your Hard Money Loan

By |2017-08-14T10:00:35+00:00August 14th, 2017|Categories: Hard Money|Tags: , |0 Comments

Hard money loans are a convenient method for investors to work with lenders to purchase property, especially property that will be flipped or developed for sale as a short-term profit enterprise. Hard money lenders are looking to work with investors in a partnership that allows investors the funds to repair existing buildings or commercial constructions for their resale potential. There are lenders who will consider providing loans based on the after-repaired value, or ARV. To take the ARV into consideration requires an appraisal of value before specific repairs or changes planned for the property take place. Usually, an ARV appraisal

11 08, 2017

Smart Ideas for Fixtures in Your Flipped House

By |2017-08-11T10:00:14+00:00August 11th, 2017|Categories: Hard Money|Tags: , , , |0 Comments

When you're flipping a house, you need to pick great fixtures that buyers will love. Not all fixtures will appeal to everyone, but if you study your market before you dive in with both feet, you'll know exactly what to do to make the most of your investment. So where do you start? 1. Adjustable Kitchen People of varying heights and mobility can now adjust the kitchen to their preferences. Modern technology makes it possible to change the height of kitchen counters and adapt the room to the customer's liking. This is helpful for people in wheelchairs, children and others who are

7 08, 2017

What Does Loan-to-Value Ratio Mean on a Hard Money Loan?

By |2017-08-07T10:00:01+00:00August 7th, 2017|Categories: Hard Money|Tags: , |0 Comments

  If you're like most people who are buying a home as an investment property, you don't want to be tied up in a conventional mortgage loan. Typically, hard money loans are the ideal solution for borrowers who want to fix-and-flip properties. What is Loan-to-Value Ratio? The amount of money your hard money lender is able to let you borrow is determined by a mathematical formula. It involves the loan amount divided by the value of the property, which is called the loan-to-value ratio. Some hard money lenders are willing to lend between 65 and 75 percent of a property's

3 08, 2017

Who Appraises the Property When You Get a Hard Money Loan?

By |2017-08-03T10:00:01+00:00August 3rd, 2017|Categories: Hard Money|Tags: , , |0 Comments

  Hard money loans offer great short term financing options for those needing a short term loan. This type of loan is very favorable for the investor looking to purchase a home and after fixing the home up, turn around and sell for greater profit. Hard money loans can help the investor buy time from closing on the home, making updated changes, to the resale of the newly remodeled home. Hard money loan lenders will lend 100% of the acquisition of the real estate parcel and repair costs. The terms of these loans are tailored to be the needs of

30 07, 2017

Why You Should NEVER Over-Price Your Flip

By |2017-07-30T10:00:36+00:00July 30th, 2017|Categories: Hard Money|Tags: , , , |0 Comments

  Many rookie real estate investors make the mistake of overpricing their properties when all the work is done. The bottom line: If you want a successful listing that produces multiple offers, you must price your property correctly. Additionally, an overpriced investment property will sit on the market too long and tie up your money. The tried and true method for pricing your flips correctly is to find reliable comps in your property's neighborhood--and the best way to do that is to work with a Realtor(R). You can also check the market yourself periodically, while you're fixing up the property.

27 07, 2017

Why Hard Money Loans Are the Smart Choice for Busy REIs

By |2017-07-27T10:00:51+00:00July 27th, 2017|Categories: Hard Money|Tags: |0 Comments

The term hard money lender isn't exactly what it sounds like. In reality, working with a hard money lender is a smart way to obtain short-term financing for your real estate investments. In their simplest form, hard money loans are a form of financing with shorter repayment terms than a conventional loan has. Why Do Professional Real Estate Investors Use Hard Money Financing? Many professional real estate investors use hard money financing because it fills a legitimate need. First off, hard money offers you a chance to secure funds quickly instead of the going through the grind of qualifying for

23 07, 2017

Great Investment or Money Pit? Watch for These Two Problems

By |2017-07-23T10:00:48+00:00July 23rd, 2017|Categories: Flipping, Hard Money Loans|Tags: , , , |0 Comments

  Currently the housing market offers great buys for investors. However, sometimes a house is not as it appears. Naturally, you want houses that are in good condition, or need a small amount of work, to be able to make a fast turnaround. Unfortunately, many times something is not discovered until after the purchase is completed. A foundation is the basis of any house and must be in excellent condition if you expect to avoid spending a great deal of money having it replaced or repaired. When looking at the house check the foundation for cracks, crumbling cement or other

19 07, 2017

Why You Need a Realtor® to Sell Your Flip

By |2017-07-19T10:00:33+00:00July 19th, 2017|Categories: Hard Money|0 Comments

  Before you buy an investment property, you need to think ahead--especially about hiring a Realtor® when it's time to sell. While it may be tempting to just put up a sign outside and a posting online, there are a few reasons why you need to hire an expert in the field. First, Realtors are trained in real estate procedures and protocol. While DIY real estate forms and kits are available, most aren't specifically written for Georgia... or any special situations that may arise. Bringing a Realtor on board will help ensure a smooth transaction. A Realtor can also help

24 06, 2017

Who Can Apply for a Hard Money Loan?

By |2017-06-24T23:31:01+00:00June 24th, 2017|Categories: Hard Money|Tags: |0 Comments

  When setting out to buy a piece of property, whether commercial or residential, one of the most important steps in the process is to acquire a loan. While there are many different types of loans to choose from, a hard money loan is one that has several distinct advantages and that therefore is worth considering. This is particularly true for individuals who are interested in acquiring their loan money quickly or those who do not have a good enough credit score to secure a traditional loan. In a hard money loan, credit score is not as big a factor