support2

  • DIY Improvements - Get a Hard Money Loan in Atlanta GA
    Permalink Gallery

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

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

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 new flooring or cleaning and polishing your existing floors will increase the value of your flip and enhance the appeal of your home’s interior. However, check the comps in your neighborhood, and if they all have hardwood floors, do not install laminate floors in your flip.
Light Fixtures
If your flip has antiquated light fixtures, replace them with some more modern looking fixtures. Consider installing an LED track lighting system; prices on LEDs has dropped significantly over the past several years, and they operate using regular household voltage.
Do You Need a Hard Money Loan to Buy an Investment Property 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 […]

How After-Repaired Value Can Affect Your Hard Money Loan

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 will consider roofing replacements, foundation repairs, and essential internal appliance upgrades such as central air conditioning, plumbing, and a whole lot more. If specific designs for repair and upgrade of structures are available, the appraiser can include those plans in the appraisal as well.
Do You Need a Hard Money Loan to Buy an Investment Property 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.

Smart Ideas for Fixtures in Your Flipped House

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 sharing a home with marked height differences.
2. Smart Fridge
Samsung offers an incredible Family Hub smart fridge that does everything but cook. It even senses when food has gone off, and alerts you when you need to replace items. It also has an entertainment center and the ability to schedule the family’s calendar. You can even view the interior on your smartphone.
3. Motion Sensing Faucets
These hands-free faucets are a great way to stay clean and dry while working in the kitchen. This is a great way for people to hold and fill larger containers as well as eliminating the germs picked up by touching the handles. The motion sensor means there is less to clean up and promotes health by preventing the spread of germs.
Do You Need a Hard Money Loan to Buy an Investment Property 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 […]

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

 

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 current value, while others lend based on the home’s after-repaired value.
Do You Need a Hard Money Loan to Buy an Investment Property 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.

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

 

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 the borrower.

Hard money lenders typically have a list of approved appraisers or an appraisal company. These appraisers are qualified in looking at the property as a whole and evaluating the would be appraisal if all the remodel work is completed. It’s essential to get a proper appraisal to get the most out of your loan. Good hard money lenders work hard to get the most accurate picture for your appraisal to benefit you the buyer.
Do You Need a Hard Money Loan to Buy an Investment Property 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.

Why You Should NEVER Over-Price Your Flip

 

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. If you do, keep your search for reliable comps to properties that sold in the last 6 months (or less). Also, try and list your flips at the average market value for the particular neighborhood you’re selling in. If you overprice your flips, you will generate little attention from buyers, and the longer your property sits on the market, the less likely you are of receiving an offer at or above your list price.
Do You Need a Hard Money Loan to Buy an Investment Property 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.

Why Hard Money Loans Are the Smart Choice for Busy REIs

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 traditional financing. Secondly, if you are a fix and flip investor, these loans allow you to buy a flip fast, fix it and get it on the market immediately.

If you are struggling with credit issues, know that most hard money lenders do not only consider your credit score. Instead, hard money lenders look at the potential value of the deal and how it will be beneficial to all parties involved. Many busy real estate investors prefer hard money loans because the funding is quick, and they often receive cash-in-hand in as little as two weeks.
Do You Need a Hard Money Loan to Buy an Investment Property 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 […]

Great Investment or Money Pit? Watch for These Two Problems

 

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 conditions that will indicate a problem.

Mold in the crawl space or other locations in the house will indicate a leaking water pipe. Molds gradually destroy the things they grow on. They can damage building materials, especially under the floor. In addition, studies have shown it can cause the occupants health problems.

Having a licensed home inspector is a good investment to avoid expenses that can often cause a home purchase to become a money pit.
Do You Need a Hard Money Loan to Buy an Investment Property 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.

Why You Need a Realtor® to Sell Your Flip

 

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 you sell quickly and at the right price. Your agent will know how to make the property as attractive as possible to prospective buyers, and he or she will be able to effectively market it for you.

Working with an agent is a lot like hiring the right help around the house, too. You wouldn’t tackle the plumbing yourself or start rewiring the electrical system unless you knew exactly what you were doing, right? The same goes for selling the house.
Do You Need a Hard Money Loan to Buy an Investment Property 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.

Who Can Apply for a Hard Money Loan?

 

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 as it is with a conventional loan. That’s because the lender uses collateral, not credit, against the loan. In most cases, the collateral is simply the piece of property that the borrower is seeking to obtain. Typically, the lender will loan somewhere between sixty to seventy percent of the value of the property, and the borrower is responsible for supplying the other thirty to forty percent as a down payment on his or her purchase. In cases where the buyer does not have this amount of cash to make a down payment, the lender will place a lien on another property owned by the borrower as an additional form of collateral.

Hard money loans are also commonly used when the individuals purchasing a piece of property are doing so with the intention of flipping it. In these cases, having quick access to cash allows the buyer to get started on their work of flipping more quickly, and thus cuts back on the amount of time they invest in the property. In a world where time is money, taking on the higher interest rate involved in a hard […]