/Investing
14 09, 2018

What Qualifies As Proof Of Funds?

By |2018-09-14T10:18:38+00:00September 14th, 2018|Categories: Flipping, Hard Money, Income, Investing, REIs|Tags: , |0 Comments

Earlier, we discussed what a Proof of Funds letter was and why people need them. So, what qualifies as Proof of Funds and where do you get them? Anywhere your liquid assets are held can provide you with a proof of funds letter. Of course, this means that your bank can provide you with a proof of funds letter to show that you have money in your account. Plus, certain credit lines or money market accounts might qualify too when the funds can be readily accessed. These institutions can also provide you with a proof of funds letter. Unfortunately if

14 09, 2018

What Are Proof Of Funds Letters?

By |2018-09-14T09:55:08+00:00September 14th, 2018|Categories: Down Payment, Hard Money, Investing, REIs|Tags: , , |0 Comments

Proof of Funds Letters can help buyers get under contract quickly. They are a personalized statement that shows that you have funds set aside for a fix and flip real estate investment. A Proof of Funds letter proved that you have enough liquid cash to purchase your investment home. Why do sellers need a Proof of Funds letter? No seller would want to take a home off the market unless they know that a buyer can actually pay for their home.  So, buyers must provide Proof of Funds letters. Even if getting financed, sellers will want to make sure you

7 09, 2018

Should You Ever Pay More Than The 70 Percent Rule Suggests?

By |2018-09-06T14:08:53+00:00September 7th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties, Real Estate|Tags: , , |0 Comments

Yesterday, we discussed the 70 percent rule as it applies to flipping houses. Check out that previous blog post if you aren't sure what the 70 percent rule is. Today's question is whether you should ever pay more than the 70 percent rule suggests. For example, some beginner investors think that it's OK to exceed the amount specified by the 70 percent rule in an appreciating market. After all, in a few months or by the time you finish your rehab, the After Repair Value should go up, right? Typically, but that's a big risk to take if it doesn't!

6 09, 2018

Flipping Houses: The 70 Percent Rule

By |2018-09-06T13:08:05+00:00September 6th, 2018|Categories: Business, Flipping, Hard Money, Investing, Investment, Investment Properties|Tags: |0 Comments

Have you ever heard of the 70 percent rule when it comes to flipping houses? If you're just starting to look into flipping houses, you might have heard of the 70 percent rule. This house flipping tip suggests that an investor should only pay 70 percent of the After Repair Value (ARV) of a property minus any needed repairs. The ARV is the value of the property after it's been completely repaired. So, once you've put all the repairs in, what would the house be worth? To follow the 70 percent rule, you'd take the amount that the home is

27 08, 2018

How Do You Get A Hard Money Loan?

By |2018-08-27T22:38:31+00:00August 27th, 2018|Categories: Bridge Loans, Commercial, Construction Loans, Hard Money Loans, Home Upgrades, Investing, Investment, Investment Properties, Investments, New Construction|Tags: , |0 Comments

Are you considering investing in homes to flip them? Considering a hard money loan, but feel unsure about the process? Here's where you will need to start. Check out our hard money lending criteria. If your situation fits our criteria, just fill out the  online loan application or download and fax it to us. When we get your application, we will check it out. We can get purchasers money much more quickly than traditional lenders. Keep in mind that we lend up to 65 percent of the ARV value of the collateral. Luckily, if the loan will be used in part for the renovation or

16 08, 2018

Would You Ever Make An Offer On A Property Without Actually Seeing It?

By |2018-08-15T14:55:17+00:00August 16th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties|0 Comments

If you're a property investor, making an offer without ever seeing the property can actually be a good idea sometimes. Now, this isn't to suggest that you should close on a property without stepping foot on it. Some smart investors do make offers without ever seeing the property though. It might seem crazy, but it makes sense when you think about it. Consider the amount of time it can take to schedule a viewing of a property you are considering. How often has your offer changed just because you've actually been in the home? A little digging and you can

15 08, 2018

Quick Tips For Getting Your Offer Accepted

By |2018-08-15T14:42:11+00:00August 15th, 2018|Categories: Commercial, Flipping, Foreclosures, Hard Money, Investing, Investment, Investment Properties, Short Sales|0 Comments

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

For An Out-Of-State LLC, Be Careful Claiming Dual Residency

By |2018-08-13T22:19:07+00:00August 14th, 2018|Categories: Business, Hard Money, Investing, Investment, Investment Properties, Investments|Tags: , |0 Comments

So, yesterday, we discussed how some investors try to form an LLC in another state, because some states are just not small business friendly. Right? We cautioned you that if you want to form an LLC in another state, that you will need to get a registered agent who is a resident of that state to help you. That is with few exceptions. The logical next question you are probably asking yourself is about dual residency. Right? Well, you actually can be your own agent, but make absolutely sure that you can both meet the state's requirements and fulfill your

13 08, 2018

With An Out-Of-State LLC, You’ll Need A Registered Agent

By |2018-08-13T18:28:29+00:00August 13th, 2018|Categories: Business, Investing, Investment, Investment Properties, Investments, Lawyers, Real Estate, Taxes|0 Comments

If you live in a state that is a bit unfriendly to small businesses, you might have considered just forming your LLC in a state that isn't. Investors do this frequently. Here's the thing though: If you intend to form your LLC in a state that is more friendly to small businesses like small real estate investment companies, you will need a registered agent. That's your legal obligation. What does that mean? Well, if your LLC is registered in another state, you have to have someone in that state to handle all of your LLC's legal and tax documents, and

29 07, 2018

Community Gardens For Rental Tenants

By |2018-07-29T21:21:32+00:00July 29th, 2018|Categories: Income, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: , |0 Comments

One very progressive concept some landlords across the nation have committed to is community gardens run by and for the tenants. One of the dreams behind home ownership these days is the satisfaction of growing your own vegetables. As a landlord, you can help tenants who are far from the goal of home ownership find some satisfaction by installing some raised beds for participating tenants to use as a community garden. The only effort you technically need to put forth is arranging the agreement of this co-op and installing the raised beds. The tenant do the rest. A garden might