Foreclosures | Paces Funding

15 08, 2018

Quick Tips For Getting Your Offer Accepted

Margret Ekers2018-08-15T14:42:11-04:00August 15th, 2018|Categories: Commercial, Flipping, Foreclosures, Hard Money, Investing, Investment, Investment Properties, Short Sales|

There really are tricks to getting your offer accepted over someone else's offer. You just need to know how to structure the deal. Obviously, proof of funds and pre-approvals for any loans you will get are critically important to a seller choosing your offer. Many won't even entertain an offer without them. Also, remember that to some people, the terms are even more important than the actual money. Your offer might be higher in actual dollars, but if your offer has more complicated terms, they might just pass on you. Don't create extra issues. Try to meet the sellers on

14 08, 2018

Recognizing Big Problems With Distressed Properties

Margret Ekers2018-08-14T16:47:05-04:00August 14th, 2018|Categories: Due Diligence, Flipping, Foreclosures, Investment Properties, Investments, Remodeling Tips|Tags: distressed properties|

Sometimes distressed properties sold "As-is" come with some major problems. Do you know how to recognize them? If you intend to invest in a distressed property, these are important issues that you need to know about. Head into the bathroom. Bounce a little on the floor near the sink, tub and toilet. Is there any give? That can be a major indicator of water damage! Grab a high powered flashlights and check underneath the floor if possible. Look for stained wood or joists. Find out when and why that damage occurred and get your answers in writing if you can!

17 03, 2018

How To Appeal The County Assessor’s Property Value In North Carolina

Margret Ekers2018-03-17T18:46:40-04:00March 17th, 2018|Categories: Flipping, Foreclosures, Investing, Investment, Investment Properties, Investments, Taxes|Tags: North Carolina property tax|

North Carolina’s property tax is “ad valorem,” so you're taxed based on the property value. But what happens when you disagree with the county assessor? The assessor revalues properties within the county at least every eight years. So, if you get a wrong value placed on your property, you could be paying the wrong tax on it for the next eight years! It's partly your responsibility to check your assessed value, if you own property. The good news is there is recourse. If you disagree with the assessment, you can appeal it. Imagine being over taxed for your property

7 03, 2018

Know The Signs Of A Problematic Foundation

Margret Ekers2018-03-07T13:00:25-05:00March 7th, 2018|Categories: Construction Loans, Flipping, Foreclosures, Hard Money, Investments|Tags: Foundation Damage|

If you've decided to invest in real estate, you can save yourself a lot of time by recognizing signs of foundation damage right away. Keep in mind, if you find only minor problems, it might still be worth hiring a professional evaluation, rather than just walking away from the investment property. Every little foundation issue doesn't mean that you have to walk away from the deal. With experience, you'll learn to recognize which homes to walk away from and which warrant the cost of a closer inspection. Foundation cracks and floor cracks should be investigated further. Likewise, look for wall

1 03, 2018

What Should You Do About Popcorn Ceilings When Remodeling An Investment Home?

Margret Ekers2018-03-01T13:42:43-05:00March 1st, 2018|Categories: Flipping, Foreclosures, Home Upgrades, Investment Properties, Investments, Leasing Your Property|

If you are buying an investment home with popcorn ceilings, consider removing or replacing this textured ceiling treatment. They date a home and are associated with dirt, dust and asbestos. These old spray-on or paint-on ceiling treatments were once very popular in bedrooms and hallways, but they aren't popular anymore. Sure, they hide imperfections and offer nice acoustical characteristics, but they are not preferred these days. Home buyers equate them to asbestos, dirt and dust, because many contained asbestos and they usually would get painted more often than cleaned! Before trying to remove this treatment yourself, contact the health department.

23 02, 2018

Don’t Ever Skip The Inspection On An Investment Property

Margret Ekers2018-02-23T13:46:17-05:00February 23rd, 2018|Categories: Flipping, Foreclosures, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Investments|Tags: Home Inspections|

A home inspection fee starts at around $400 and goes up from there. A quality home inspection is critical, unless you are professionally trained to recognize even hidden damage in a structure. Sometimes you can't see roof damage, outdated electrical system issues, or a hidden water leak. These issues can become very expensive, very quickly. They can be costly, even if you are skilled at DIY home repair. A home inspector looks for proper grading away from the structure, leaks from the septic field, damage to exterior structures and landscaping issues. The inspector checks railings on stairs, notices if downspout

17 02, 2018

Is There A Difference Between Drywall And Sheetrock?

Margret Ekers2018-02-17T20:16:58-05:00February 17th, 2018|Categories: Construction Loans, Flipping, Foreclosures, Home Improvements, Home Upgrades, Investing, Investment Properties|Tags: drywall, sheetrock|

Sheetrock is simply the brand name of an incredibly popular drywall product. Drywall, a panel made of gypsum plaster sandwiched between thick paper, has many vendors. Though people will call all sorts of drywall, "Sheetrock," only drywall from U.S. Gypsum Company is actually allowed to market drywall as under the name Sheetrock. So, even if the drywall is from Titan Commercial Products, Allied Manufacturing, or National Gypsum Company, people are likely going to call it, "Sheetrock." Sheetrock was one of the first drywall products and is so popular that its name seems virtually interchangeable with drywall. Think about how often

12 02, 2018

If You Don’t Have 100% Of The Funds, Don’t Start A Real Estate Project

Margret Ekers2018-02-12T03:43:12-05:00February 12th, 2018|Categories: Construction Loans, Flipping, Foreclosures, Hard Money, Hard Money Loans, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Rehab Loans|Tags: Hard Money Loans, rehab projects, tips for real estate investors|

If you don't have all the funds you will need for your real estate project, be that flipping a house or renovating a potential rental property, don't take that risk. That's a gamble that could end up with you in a really bad situation. If you want to start a real estate project, be sure to start with more debt or more funds than you think you will need. That's right, always starts with a loan for more than what you think you will need to complete the project. See, it's easier to get initial funding than subsequent funding. If

3 02, 2018

Tips For Exposing An Internal Brick Beneath Plaster And Laths

Margret Ekers2018-02-03T16:58:49-05:00February 3rd, 2018|Categories: Flipping, Foreclosures, Home Improvements, Investment Properties, Remodeling Tips|Tags: brick sealing, plaster and lath, sheetrock|

Some house flippers remove plaster and lath walls to expose the gorgeous, vintage brick beneath. Here's the truth though: It's often easier to remove plaster and lath walls than it is to repair them. So, if lovely brick is hidden by old, damaged plaster and lath walls, the choice is obvious. Exposing the brick will save money on materials and plenty of time. Framing old walls that have settled and shifted is a pain. Taping, mudding and painting just adds extensive man hours to a house flipping project. Costs involved in removing plaster and lath walls pretty much only include

30 01, 2018

Can I Use A USDA Loan To Flip A House?

Margret Ekers2018-01-30T23:45:13-05:00January 30th, 2018|Categories: Flipping, Foreclosures, Home Improvements, Loan|Tags: USDA Loan|

Requirements for USDA Loans are pretty set in stone. Though income limits will vary based on the location of the property, other rules do not vary. Unfortunately for people hoping to qualify for a USDA loan in order to flip a house, these loans can't be used to purchase an income producing property, and they only apply to owner occupied properties. So, if you want to use a USDA loan, it will need to be used for your permanent residence. You also have to be a U.S. citizen or a permanent resident. So, if you already have your own home, and

QUICK & EASY APPLICATION!

Newletter Signup

QUICK & EASY APPLICATION!

Newletter Signup

Newletter Signup

Contact Us

Contact Us

Contact Us

QUICK & EASY APPLICATION!

Newletter Signup

QUICK & EASY APPLICATION!

Newletter Signup

Newletter Signup

Contact Us

Contact Us

Contact Us

Sign in or register

Sign in or register

Reset password

Get started with a personal property saver account

Get started with a personal property saver account