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    House Flipping: Most Preferred Exit Strategy For Hard Money Loans

House Flipping: Most Preferred Exit Strategy For Hard Money Loans

A few common exit strategies for hard money loans. By exit strategy, we mean, the way you intend to pay off the hard money loan. You absolutely must have at least one exit strategy, and having a back-up strategy is even better. So, what is our clients’ favorite exit strategy? The most preferred means to pay off a hard money loan is to sell the property for a nice profit and use that income to pay off the hard money loan.

See, hard money loans are the perfect short-term solution for people who need money fast to take advantage of a real estate opportunity. This exit strategy is used by investors who buy distressed property, fix them up and resell them. This strategy works well, but involves planning. You’ll need to know how much improvements will cost and also how long the will take.

For more information about the hard money lending loan process, check out our website!
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

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 […]

When To Walk Away From A Potential Real Estate Investment

Successful real estate investors know when to walk away from a potential real estate investment. They know how to spot the signs of a bad investment. Every deal isn’t going to be worth the time, money and effort. So, here are some tips to know when to walk away from a potential real estate investment!

Make sure your income potential is immediate. Don’t invest for some “huge payout” at some indefinite date in the future.
Lack of income documentation on a rental property. If a seller is selling an existing rental property, make sure you see proof of rental rates, vacancies and property profits.
The property is in a bad neighborhood. Keep your eye on properties where the neighborhood values are expected to increase. A good property in a bad neighborhood is not a good investment.
The property is outside of the country. If you’re still looking for tips on investment properties, you likely don’t have enough experience to do well investing in international real estate.
Large upfront cash requirements. Know your budget. A killer deal means nothing if you don’t have a means to renovate the property so that you’ll see a return on your investment.

Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, […]

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    Average Atlanta Rent Growing Three Times Faster Than National Median

Average Atlanta Rent Growing Three Times Faster Than National Median

According to a report on Atlanta rental trends, the city’s rents are growing substantially. The price of rent in Atlanta is growing three times faster than the national median. Three times! Meanwhile, as noted previously, Atlanta home prices are going up steadily. This may lead more people in Atlanta to rent rather than buy. Even still, homes in metro Atlanta are in the bottom quarter of the most expensive cities, so many investors find these conditions perfect for rental property investments.

The rent prices people are willing to pay are growing three times faster than the national median. These increases outpace even San Francisco. If you’re looking for a good place to invest in real estate, Atlanta should be on your list. Plus, the area is enjoying a surging rural economy too. Atlanta was also ranked number 10 for its healthy real estate market.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

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 […]

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    Atlanta Ranked Number 10 For Extremely Healthy Real Estate Market

Atlanta Ranked Number 10 For Extremely Healthy Real Estate Market

Atlanta’s real estate industry is booming. If you’re a property investor near Atlanta, you probably already know this. Atlanta was ranked number 10 for its healthy real estate market. See, WalletHub compared over 170 cities in the United States. Though Atlanta took 69th place among those cities for job opportunities and competition, the real estate market still thrives!

If you’re an investor or if you flip houses, Atlanta can be one of the most profitable cities to focus on. Besides WalletHub’s ranking, this year, Forbes and Local Market Monitor listed Atlanta among the cities where growth appears most sustainable. The Atlanta-Sandy Springs-Marietta metro area ranked seventh in a list ranking the best cities for investment real estate. Forbes found the three-year population growth at 4.9 percent and the one-year home price growth at eight percent! The three-year price growth forecast for the metro area? A whopping 24 percent!

Plus, the good news for property investors is that home in the Atlanta area are undervalued right now by seven percent when compared to the historic ratio of price and local income. All of these factors make the Atlanta area a prime market for real estate investors.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at […]

Hard Money Loan Property Requirements

Interested in learning more about the hard money loan property requirements? You’ve come to the right web page. As a legitimate hard money lender, we have specific hard money loan property requirements. Keep in mind, we are a direct hard money lender. We are not a brokerage service. So, we know exactly what we’re talking about in the specifics of these residential guidelines.
Hard Money Loan Property Requirements
If you’re interested in a hard money loan to flip a house or for another residential investment purpose, the following are our hard money loan property requirements.

First mortgage lien only
Loans up to 65% of ARV
Loans from $20,000 to $3,000,000
Multifamily properties up to four units
Borrower-paid appraisal of ARV
Mortgagee title policy required at closing
Builder’s risk policy naming Paces Funding mortgagee as an additional loss payee at closing
A Paces Funding selected closing attorney

Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

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 […]

Real House Flipping Is Not Like The Reality TV Shows

If you’re a professional house flipper, you might get frustrated by the reality TV shows. We all know that real house flipping is nothing like how it’s depicted in the reality TV shows. For example, no handy investor  picks from a pool of three fixer-upper homes. A great deal of thought is put into investing. Dozens, sometimes hundreds of houses are considered before choosing a home to flip.

Market conditions and local dynamics are taken into consideration. Investors even take into consideration local ordinances, difficulty of permit processes compared to other areas, and the velocity of listed homes. Realistically, investors consider on average at least 75 homes before purchasing one to fix up and resell or fix up and rent.

Unfortunately, the general public thinks property investors breeze through the process making mounds of cash, just because they have funding. Realistically, it takes skill, smarts and determination to make a fortune flipping houses. We know, because we work with intelligent, dedicated craftsmen every day. We understand the industry and the need for expediency of funding. We take your job seriously, and look forward to working with you.

Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out […]

What To Plant Under Pine Trees To Spruce Up Your Rental Property

If you’re not sure what to plant under pine trees to spruce up your rental property, we have the perfect idea! Not many flowers do well under pine trees. Many landlords just add some mulch and be done with it. Yet, well pruned pine trees with flowers beneath them are beautiful. The pine trees’ needles increase the acid in the soil, so few plants can even survive.

Creeping phlox loved the increased acid in the soil. It’s suitable for hardiness zones 4 through 8 and is beautiful! Creeping phlox forms a large mass of color in the spring with a long bloom. Plus, they’re deer resistant! To plant under pine trees, merely rake up the needles where you want to plant the phlox. Never add different soil. If you want to add just organic matter like compost, that is fine. Use shallow holes and keep them level with the ground. Use the pine needles you raked up as the mulch. You only need to water if the phlox are wilting, but only water in the morning. That way the leaves have time to dry. Remember, these are perennials, so they’ll be back next year too. If you need to divide them, do that in early spring.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little […]

What If Your Rental Property Gets Beg Bugs?

Some things you can’t prevent, like the possibility that your rental property could get bed bugs. What happens if a tenant moves out and you’re left with the bed bugs they brought with the in their furniture? Here’s the bad news: It costs upwards of $5,000 to inspect, clean and exterminate the average home severely infested with bed bugs. The good news is that when the rental home or apartment is empty, eliminating bed bugs can be less expensive and less of a hassle. Calling an exterminator is the easiest option, but you can take additional steps on top of that.

In addition to that though, you can pick up some food grade Diatomaceous Earth (DE) to help fight against bed bugs resistant to chemical extermination efforts. DE is a non-toxic barrier that can kill and prevent bed bugs. All you do is find the areas in a home where bed bugs are hiding. They don’t like bare floors, they like to hide. Even still, don’t sweep and mop the floors before you tend to the bed bugs. That will just spread them around.
Do You Really Want To Keep The Carpet?
Pulling up the carpeting and then treating the floors beneath might be a wiser choice in the long run. (Besides, tenants love new carpeting.) Just don’t pull and replace the carpeting at the same time. Don’t install new carpet until the bedbug elimination process is complete.
Steps To Eliminating Bed Bugs Using DE
Get a vacuum with strong suction power and disposable bags. Do not use a bag-less vacuum. Before you start vacuuming, also vacuum up a little DE. This will get the DE along the entire surface of the bag and help make sure that they […]

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    Nashville Has Big Plans For Mass Transit, Could Lead To Significant Growth

Nashville Has Big Plans For Mass Transit, Could Lead To Significant Growth

Though it seemed like a May 1 vote in Nashville that shot down mass transit for the city sealed the deal, it turns out mass transit is back on the table. Nashville Councilman Swope told News 2 that everything is back on the table as far as looking at creating a new plan for Nashville. Now, the City of Nashville is back at it with big plans for an extremely modern mass transit system. The vision includes light rails, commuter rails, and a larger bus fleet. They are even considering double stacked freeways and self driving buses! All of this means that progress might be in store for Nashville. As a property investor, you might pay attention to the area.

Nashville is already growing by over 100 people per day. Once mass transit is improved, the stretch of real estate for rental properties or homes increases along the same path. So, keep an eye on the plans for that mass transit and be ready to pounce once you know the areas that will be sure to grow as soon at the mass transit plans are completed.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether […]

Heads Up About Fulton County Property Tax Bills

If you’re thinking about an investment property in Fulton County, you should be aware that the Fulton County Board of Assessors announced a 25 percent median increase in the year’s home appraisals. Last year, Fulton County residents complained about drastic assessment increases. After those complains, Fulton County decided to keep assessments the same as the year before. Still, that won’t work this year. See, according to law, tax assessments must be close to market value and Fulton is doing very well.

Still, in Fulton County, the board of assessors did tell the public they would investigate properties that might have been wrongly appraised. In total, the board will have to review over 80,000 properties though. Tax bills will arrive any day now.

Still, just this week, WSB-TV Atlanta reported that Fulton County now faces legal action. The county is accused of “sales chasing,” or raising the assessment to its sales price while leaving other properties unchanged. Reportedly, one lawyer is considering a class action lawsuit over the matter.

There are great investment properties in Fulton County. That is certain. Just be prepared ahead of time for the possibility that taxes may be higher than you’ve anticipated.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten […]

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