Hard Money

  • DIY Upgrades You Can Do Cheap - ATL Hard Money
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    5 DIY Upgrades That Could Help You Sell Your Investment Property

5 DIY Upgrades That Could Help You Sell Your Investment Property

You should always work with a team of professionals for major upgrades to any investment property, like plumbing and electrical work… but there are dozens of things you can do yourself to add style to the house you’re selling and appeal to a wide range of buyers.
4 DIY Upgrades to Help You Sell Your Investment Property
Easy Upgrade #1: Carved Corbels Beneath Bars
If the home you’re selling has a breakfast bar, make it a little fancier by adding carved corbels beneath it. It’s something so subtle that people won’t notice them directly—but they will notice the added panache the whole bar has.
Easy Upgrade #2: Chandeliers in Unexpected Places
Hang a chandelier—a simple one—in the laundry room. Put one in the master bedroom. People love seeing surprise sophistication in unexpected places.
Easy Upgrade #3: Wall Hooks in Convenient Places
It’s simple but surprisingly attractive: add wall hooks above the kitchen counter that add convenience and style that buyers will love. They can use them for towels, mugs, or anything else—and you can find them and install them yourself.
Easy Upgrade #4: Fit the Sink With a Built-In (Kind-Of) Cutting Board
Give buyers extra food prep space by fitting an under-mount sink with a cutting board. Trim a piece of butcher block to the right size, and then create a lip around the bottom of it so it rests on the edges of the counter around the sink.
Easy Upgrade #5: Put Up Natural Fiber Window Coverings
Rather than everyday blinds or worse, no window coverings at all, hang natural fiber window shades. Added bonus: they help insulate windows.
Do You Need a Hard Money Loan in Atlanta?
If you need funds for an investment property, we may be able to help you. Call us at […]

5 MORE Hot Home Design Trends for 2017

You thought we covered it all in our last post, 5 Hot Home Design Trends to Help You Sell Your Investment Property… but we’re back with five more great tips your buyers will love.
2017’s Hottest Home Design Trends (Part Two)
2017 Home Design Trend 1: Vanities
Vanities are back in, but there’s a twist: only different vanities (read: not the kind your grandmother had) will do. Vintage pieces make great vanities and lend a spa-style ambience to bathrooms with claw-footed tubs.
2017 Home Design Trend 2: Steel and Glass in the Shower
Steel and glass are the “it” thing for those spa-style bathrooms. A walk-in shower with floor-to-ceiling steel-and-glass walls are the right way to go to appeal to modern, trendy buyers.
2017 Home Design Trend 3: Accent Walls With Decorative Painting
Rather than choosing a color that’s a few shades darker for an accent wall, like most people do, try a marbleized wall. Maybe a wall that looks like brushed aluminum… or maybe even something more bold.
2017 Home Design Trend 4: A Real Docking Station
The need for home offices is dwindling, although they’re still in wide use. The thing now, though, is a recessed space in a wall with shelves, drawers, and USB ports built right into the wall so anyone can grab a spot and start working
2017 Home Design Trend 5: Finished Garages
You don’t have to completely finish a garage, but it does help if the walls aren’t showing studs or unpainted drywall. Add brick near the foundation and some molding above it to appeal to buyers who like a more upscale look.
Do You Need a Hard Money Loan in Atlanta?
If you need funds for an investment property, we may be able to help you. Call us at […]

A Word on Low-Maintenance Homes

As a hard money lender in Atlanta, we’ve discussed home improvement plans with hundreds of people – and one common theme seems to be emerging: people really want low-maintenance homes.

That’s something worth remembering if you’re flipping houses in Atlanta.
Why Do Today’s Buyers Want Low-Maintenance Homes?
“Most young homebuyers grew up watching their parents spend weekends with their honey-do lists, or they had chores to do on the weekends,” says Lou Cardillo, a NY real estate professional. “Most young buyers are not going to follow in their parents’ footsteps. They don’t want to do that stuff… They want their weekends to themselves and don’t really want to be cleaning gutters or cutting the grass.”

It makes sense – and couple that with the fact that many younger buyers prefer a turn-key home that’s ready right out of the gate, and you have a perfect understanding of why buyers prefer low-maintenance homes.

But this actually goes a little farther.

Low-maintenance means LED lightbulbs, smart devices, and other technology that makes life easier. No, you don’t have to go all-out (and you probably shouldn’t) on creating a smart home; it might not pay off when you sell. However, you should make the right investments in the right places – such as energy-efficient appliances (including those LED bulbs where possible) and low-maintenance fixtures.
Do You Need a Hard Money Loan in Atlanta?
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 out our loan criteria and read our frequently asked questions so you can learn a little more about the hard money lending process.

  • Should You Include a Home Office When You're Flipping a House in Atlanta?
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    Should You Include a Home Office When You’re Flipping a House in Atlanta?

Should You Include a Home Office When You’re Flipping a House in Atlanta?

As a hard money lender in Atlanta, we see all kinds of projects and ideas flow through our offices.

Something we’ve noticed is that home offices are becoming more popular – and for good reason. The U.S. Census Bureau says that more than 13 million Americans work from home, so it makes sense that buyers are looking for a great office space while they’re house-hunting.
Should You Include a Home Office When You’re Flipping a House in Atlanta?
While you shouldn’t designate any room as an official home office – simply because you could alienate buyers who don’t work from home – it’s a good idea to make any space as versatile as possible.

It’s called flex living space.

“As technology continues to make us more mobile, young buyers have more options than ever to work from home, depending on their job,” says Lou Cardillo, a New York real estate professional. “Having a dedicated space is important because it will help keep them focused and concentrated on work while they are at home on a Skype call, planning a presentation, setting up their workday or simply paying bills.

Ideally, in a home with multiple bedrooms, you can stage one to look like a half-office, half-guest bedroom. The idea of such a flexible living space is attractive (not just to millennials, either), so make sure your real estate professional highlights the appropriate room that way.
Do You Need a Hard Money Loan in Atlanta?
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 out our loan criteria and read our frequently asked questions so you can learn a little more about the hard money lending process.

 

 

What Do Millennials Want in a Home?

If you’re investing in real estate, you know you need to have what buyers want. But millennial homebuyers want different things than older homebuyers do – and your market research will tell you who’s more likely to be looking for a home in the neighborhood you’re investing in.

So what do millennials want in a home? Because we’re a hard money lender in Atlanta, we have a unique perspective… and in-depth knowledge of what younger buyers want.
What Millennials Want in a Home
First things first: millennials want a turn-key home that doesn’t require much work, according to Bankrate.

Like most other buyers, millennials love updated bathrooms and kitchens. Remember, too, that they want energy efficiency and appliances they aren’t going to need to replace within the next couple of years.

Millennials are likely to know that kitchens and bathrooms are the most expensive spaces to update, so they’ll appreciate your efforts in these two areas when they make an offer on the home. Just be sure that you’re working with the best contractors in Atlanta and that you know about the best kitchen and bath showrooms in Atlanta, too.

Open floor plans are really popular among millennials, too. If you can make the home appear larger by opening up the space, it may be worth your investment when it’s time to sell.
Do You Need Hard Money in Atlanta?
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 […]

About Flipping Houses in Atlanta

Flipping houses isn’t the easiest job in the world, despite what you see on TV. In fact, it’s a tough job – but if you know what you’re doing, you can turn a decent profit… and have a little fun with your creative side at the same time.
Flipping Houses: Not for the Faint-of-Heart
Flipping houses requires a lot of hard work. If you’re not the boots-on-ground type, you’ll need a spectacular team of contractors, lawyers, real estate professionals and other experts to help you along. You’ll also need to be very involved with each project, making decisions from start to finish.

And it all starts with finding a great deal and securing financing quickly.
Funding for Flipping Houses
Many people who successfully flip houses know a hard money lender in Atlanta who can help them act quickly. Hard money lenders typically fund much faster than conventional lenders do, and in many cases, we agree to fund even when others won’t.

When you see a great deal on the real estate market, you’re not the only one who sees it… which means you need to jump on it as quickly as possible.

Your lender will evaluate the situation and be able to provide finding as fast as possible. If your lender can’t, someone else’s will.
Are You Looking for Funding So You Can Flip a House?
If you’re looking for the cash you need for flipping houses, 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 […]

Construction Hard Money Loans

If you’re like most people, coming up with money quickly for construction ventures isn’t always easy. There are many ways to try to obtain money… but are they all practical? Here’s why considering a construction hard money loan may be your best bet.
About Construction Loans
When you’re looking at ways to fund a building project, you could try to obtain a loan from a bank or mortgage lender, take the crowdfunding route, or get a construction hard money loan.
Traditional Construction Loans
Traditional construction loans are funded by banks and mortgage lenders—but they may not be as easy to obtain as you think they are.

If the lender approves you based on your credit and other strict criteria, you’ll be able to take advantage of a short-term loan that must be paid off by another mortgage loan. Keep in mind, though, that you’ll be paying a high interest rate during the construction phase. The loan approval process can be very lengthy, and most conventional lenders require a lot of detailed information (and a hefty down payment).
Crowdfunded Construction Loans
Crowdfunding for real estate investments is becoming more popular. These are a good source of funding if you’ve been denied by banks; however, most serious individual investors need proof that they’ll see a return on their investment—and that you’re not a huge risk.
Hard Money Construction Loans
Construction hard money loans also require a down payment, and you’ll face some high interest rates, but your chances of getting funded are significantly higher. Hard money lenders typically don’t require all the information the banks do, and the process is usually faster.
Construction Hard Money Loans in Atlanta
If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at […]

Is Hard Money Actually “Easy Money”?

A hard money loan doesn’t receive its name because it’s difficult to obtain, but at the same time, it’s not easy money. Several myths are attached to the term, but this one ranks near the top.
The Language of Real Estate Investing: Hard Money Isn’t “Easy Money”
If you’re new to real estate investing, you’re probably learning a whole new language. So what’s a hard money loan?

A hard money loan is a secured real estate loan for investment purposes. The property, either residential or commercial, is used as collateral in case the borrower defaults.

Some believe, despite its name, that this type of loan is easy money for two reasons: First, the lending process is typically faster. Second, there isn’t as much red tape with a hard money loan as there is with conventional financing.

While these two things are definitely true, a hard money lender is taking an enormous risk. You’ll still need to prove that you’re able to repay the loan, and we’ll also want to see that you’re invested in the property.
Do You Need a Hard Money Loan 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.

 

 

 

 

 

 

How to Find a Great Atlanta Contractor

Flipping a house isn’t a one-person job, and that means you need a great team in place.

But when it comes to Atlanta contractors, how do you know you’re getting the best of the best?
How to Find a Good Atlanta Contractor
If you’re hiring an Atlanta contractor, start asking for recommendations from family and friends. You can (and should) even ask your hard money lender in Atlanta for a few contacts.

Once you’ve narrowed down your list to a few good contractors, start conducting phone interviews. Call and ask:

Do you do projects of this scope?
May I have a list of your previous clients?
How many other projects are you working on right now?
How long have you been working with your current subcontractors?

After you get warm-fuzzy feelings about one or two Atlanta contractors, have a face-to-face meeting.

The right contractor won’t mind answering your questions and making you feel comfortable. However, just because a contractor is nice and has all the right answers, that doesn’t mean he or she is right for the job; you’ll still need to check with the Better Business Bureau and the Georgia consumer protection agency to make sure.

Call the contractor’s past clients and find out how things went; ask if they mind sharing the finished project with you.

Once that’s done, it’s time to make plans and ask for bids. Ask for a complete breakdown, which includes:

Cost of materials
Cost of labor
Profit margins
Other expenses

Good contractors will want to see a complete set of blueprints and an explanation of what you want to see happen.

Don’t rely just on price. If you get a “lowball” bid, you may want to throw it out; that contractor may cut corners to try to […]

2017 Bathroom Trends REIs Need to Know About

If you’re a real estate investor, you need to know all about the 2017 bathroom trends—especially if you expect buyers to fall in love with what you’re putting on the market for resale.
2017 Bathroom Trends for REIs and House-Flippers
This year, much like last year, a bathroom can be a deal-maker or a deal-breaker.

However, the 2017 bathroom trends have taken a turn toward nature. Blending organic with new, shiny, and functional is the way to go this year if you’re a real estate investor.

The bathrooms that capture the most favorable attention will have:

Clean colors
Neat lines
Practical arrangement of space (no more toilets sandwiched between cabinets and showers, if you can help it)
Simplicity
Continuity

Being Bold in Bathroom Design
There’s nothing wrong with making the bathroom more like a luxury spa. If you can find the right fixtures at the right prices (check out our list of the best kitchen and bath showrooms in Atlanta), go for it!
Keeping Things Simple in Bathroom Design
Designers are gushing over faucets made from clay, but you don’t have to spend a small fortune. Look for sinks and faucets with clean, simple, and elegant lines; don’t get anything too ornate if you want to appeal to the widest range of buyers.
Do You Need a Hard Money Loan in Atlanta?
If you need funds for an investment property, we may be able to help you. Call us at 404-814-1644 or send us a note. You can also apply for a hard money loan online.

In the meantime, read our FAQ, learn about the hard money loan process and see if you meet our criteria! We’ll be happy to help you if you qualify.