Investment

  • What to Ask Sellers if You're Not Using a Realtor
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    5 Questions to Ask Sellers if You’re Not Working With a Realtor(R)

5 Questions to Ask Sellers if You’re Not Working With a Realtor(R)

Most real estate investors choose to work with a Realtor® who handles the negotiation process for them. However, if you’re one of the REIs who likes to call sellers and establish a relationship without using a real estate agent, here are five questions you need to ask property owners to begin negotiations.
5 Questions to Ask Sellers

How long have you lived in the home? This is generally just a good icebreaker.
How do you like this neighborhood? This is a great way to get a better feel for the community, and it’s another way to encourage the seller to give you information.
What do you like most about this home? This is a great question to ask if you want to start formulating selling points for later – and it can also help you determine whether the home will be a good fit for your investing needs.
What types of repairs will be necessary if I purchase this home? Naturally, you’ll have a home inspector come out and evaluate what needs to be done – but it’s a good idea to get the information straight from the horse’s mouth, so to speak, if you’re thinking about purchasing a property as an investment.
How quickly do you want to sell? In addition to creating your own timeline of events, knowing how motivated the seller is will help you determine the type of financing you’ll need.

Do You Need a Hard Money Loan in Atlanta?
If you’re an investor who needs a hard money loan in or around Atlanta, we may be able to help you. Check out our loan criteria to find out whether this type of financing is right for you, and be sure to explore our hard money loan FAQs.

You can […]

  • Land Contract vs. Land Trust - Atlanta Hard Money Lenders
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    What’s the Difference Between a Land Contract and a Land Trust?

What’s the Difference Between a Land Contract and a Land Trust?

While the terms land contract and land trust sound similar, they mean two completely different things. One of the main differences is how each of these agreements are used — and as a real estate investor, it’s in your best interest to know what sets them apart.
What is a Land Contract?
A land contract, which is also called a contract for deed or an installment land contract, is a financing tool that lets the seller and buyer agree upon a property’s sale using installment payments.

Some REIs choose to sell their investment properties under land contract.

If you choose to sell a property under land contract, you’re not the landlord of the property. The buyer will pay you monthly payments toward the total balance of the house’s value. In some cases, buyers pay down on the home while improving their credit scores enough to qualify for a conventional mortgage; at that point, you — the seller — will get a lump sum payment from the buyer’s lending institution.
What is a Land Trust?
A land trust is a revocable, living trust that many people use for privacy. It has nothing to do with the way land is bought and sold, but it can complement a land contract transaction to ensure privacy and discretion.
Do You Need a Lawyer for a Land Contract or Land Trust?
It’s nearly always a good idea to involve an attorney when you’re drawing up legally binding contracts. The laws surrounding real estate transactions can become complicated, so it’s important to have a talented lawyer on your real estate investing team.
Are You Looking for Financing for an Investment Property in Atlanta?
If you’re an investor who needs a hard money loan in or around Atlanta, we may be […]

  • Signs You Shouldn't Buy an Investment Property - Paces Funding, Atlanta Hard Money
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    Know When to Hold ‘Em… Signs You Shouldn’t Buy an Investment Property

Know When to Hold ‘Em… Signs You Shouldn’t Buy an Investment Property

As a real estate investor, you know how important it is to make each property an exceptional purchase. However, there are some properties that you should just pass on, no matter how eager you are to make a flip. Here are some red flags for property showings that should signal for you to move on to the next deal.

Wood rot. Examine the property thoroughly for signs of rotten wood. Wooden decks and floors surrounding tubs, toilets and sinks should be inspected. If you find signs of rot on the outside, there’s a good chance that behind the wall is even worse. Your home inspector will be able to point out specifics if you didn’t catch them when you first looked at the property (and this is yet another reason it’s so important to have a talented inspector on your team).
Inadequate repairs. A house with a long history is more likely to have amateur repairs. Sometimes the repairs are not up to code, especially when it comes to plumbing or electrical jobs, which means they should be fixed by a professional to prevent additional damage.
Old building materials. Aside from potentially being structurally unsafe, older building materials may contain lead, radon, or even dangerous levels of asbestos. Be sure to have the home tested for dangerous materials before you make a final decision to buy.
Roofing woes. Sometimes a house can look terrific everywhere but up top. Be sure to inspect the roof of any prospective property for holes, leaks, and weathered shingles that need to be replaced. Take a look at the gutters and chimney while you are poking around up there, too. Your inspector will conduct a thorough check, but it’s a good idea to […]

How to Budget for Your Next Investment Property

 

As a professional real estate investor, you know how easy it is for your ambitions to exceed your budget. Here is a step-by-step strategy to ensure that your next project remains in the red.
Know Your Limits
Before you begin any real estate venture, you have to know how much money you have available to work with. You would be amazed at the number of people who begin searching for loans without figuring out how much they are worth in the first place. Contact a professional financial advisor if you aren’t sure of your overall worth; you’ll need an exact number before you can continue!
Is the Property Sustainable?
You are going to have to sit on the property until you find a buyer. Calculate how many months you can comfortably incur the extra costs before it starts to become a major burden on the rest of your projects, and don’t forget to factor in overlooked expenses such as inspections and even natural disasters (better safe than sorry). For a better idea of how long you can expect to be on the market, research how long it took similar properties in the neighborhood to sell – in general, quicker is better!
Self-Savings
Any contracting job that you can do yourself will obviously save money. However, the more specialized the job, the more likely you are to have trouble. In the long-run, hiring a professional may save you more money than attempting a project yourself, especially since a botched operation will require professional assistance anyway.
Plan the Right Type of Loan
Time is money! There’s nothing worse than having to halt a project because a much-needed bank loan is still pending approval. Hard money lenders can get you the financial assistance you need […]

5 Kitchen Design Trends REIs Need to Know About in 2017

As a real estate investor, you already know that a great kitchen can sell a house—so what makes a great kitchen?

Check out 2017’s five hottest kitchen design trends to find out.
2017 Kitchen Design Trend #1: Grays, Not Whites
Gray is “in” right now, especially with millennials hitting the market as first-time buyers. Combined with rich, stained wood, it’s warm and inviting—exactly what new buyers want.

2017 Kitchen Design Trend #2: Hydraulic Cabinet Doors

Hydraulic kitchen cabinet doors are space-age space-savers, and it turns out they’re just what homebuyers want in 2017. With the push of a button, the door opens in an upward direction and leaves plenty of room in the rest of the kitchen.
2017 Kitchen Design Trend #3: Funky Sinks
Forget stainless steel and think colored enamel. A splash (pun intended) of color in a neutral kitchen makes a huge difference to buyers.
2017 Kitchen Design Trend #4: Big, Bold Fixtures
Oversized light fixtures can be pretty amazing in a kitchen, as long as they’re not clunky or obtrusive.
2017 Kitchen Design Trend #5: Ample Kitchen Storage
Don’t leave any wasted space in the kitchen; you can even turn a false drawer into a great place to stash oddly shaped kitchen utensils.
Do You Need a Commercial or Residential 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 […]

Home Water Treatment Systems: What REIs Need to Know

If you’re planning to turn a home into an investment property (you’ll be the landlord), you may want to give the water quality in your rental some special attention. In a time where local water supplies are being investigated in several municipalities, potential renters are making water safety a top priority when searching for homes. Installing a drinking water treatment system into your home can be a good investment (and it can give your renters with peace-of-mind).

When cleaning and staging your home, you may be focused on removing hard water stains from visible areas, which is good, but you need to take it a step further. It is highly probable that potential renters are turning the faucets on, letting them run, and even taking a drink.

There are many water maintenance systems that can be installed in a home to make water look and feel better, as well as safer. If the water in the home contains colors, odors, and sediment—a water softener will help—but it won’t remove bacteria or organic chemicals such as chlorine, pesticides and herbicides.  Here are some additional water treatment systems to consider when updating your home.
Ultraviolet Water Purification
Using UV light, this type of system disinfects water to reduce bacteria and viruses. It is important to note that it does not remove chemicals from water. There are single faucet and whole house installations available.
Distillation Systems
Adding a distillation system to your home allows for safer drinking water by a vaporization, sterilization, and condensation process. This process removes heavy metals, chemicals and bacteria and are available in countertop or tank methods.
Reverse Osmosis
Reverse osmosis systems are available for whole home or countertop installation. They are effective at removing chemicals, bacteria and viruses.

If you’re looking for […]

Best Kitchen and Bath Showrooms in Atlanta

If you’re a real estate investor, you know how important it is to find the best kitchen showrooms in Atlanta so you can get the best deals on your fixer-uppers.

We’ve pulled together a list of the latest-and-greatest kitchen showrooms in Atlanta so you don’t have to hunt all over the city (or weed through mediocre showrooms) to find what you need.
Best Kitchen Showrooms in Atlanta
Some of the best kitchen showrooms in Atlanta are a little off the beaten path, but that’s what makes them real gems.

Sub-Zero and Wolf Showroom

Ferguson Showroom

PDI Kitchen, Bath, and Lighting

Porcelanosa Atlanta

Pedini Atlanta

Pirch

Alno

European Kitchen and BathWorks

Spartan Kitchen and Bath Showroom

Atlanta Classic Kitchens

Cantoni
Are You Looking for a Hard Money Lender in Atlanta?
If you’re looking for a hard money lender 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.

 

 

2017 Kitchen Trends for Flipping Houses

In the past, we’ve mentioned that cheap finishes can kill your sale — but how do you know what buyers really want?

The answer is simple: you stay on top of fixture trends and keep an eye on what’s selling in your area. As a hard money lender in Atlanta, our team has seen plenty of trends come and go (remember popcorn ceilings?).

With that said, we’re not going to leave you hanging. Check out the hottest kitchen fixture trends for 2017 before you dive into your next project.
Kitchen Fixture Trends 2017
Like in 2016, people want to keep things simple, with clean lines and an elegant look — even if the house has a long way to go before it hits the luxury market.

These are some of the hottest trends to watch for this year.

 
Do You Need a Hard Money Lender in Atlanta?
If you’re looking for a hard money lender 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.

 

What is Virtual Wholesaling?

Have you heard of virtual wholesaling? If you’re like most people, you probably haven’t. Virtual wholesaling is essentially buying and selling homes or commercial buildings without having to be there. Most of the time, this is done electronically, and the transactions take place without ever seeing the property in person. The home or building is then turned around and sold quickly to an end buyer.
Advantages to Wholesaling Property
Virtual wholesaling has some advantages such as expanding your reach. If the area surrounding your physical location is short on investment properties, you can branch out. You don’t even have to leave your home or office to make a purchase… although it is a good idea to make at least one trip to see it with your own eyes.

With the ability to buy and sell electronically, it may be worth it to have a few people on your team who are close to the property, and can assess the situation. Having connections with real estate agents or contractors can help you succeed in a new territory.
Disadvantages to Wholesaling Property
If you don’t have eyes in the field—it will be tough to estimate the cost of rehab. You’ll just be looking at photos and videos, and won’t have an actual feel for what needs to be done. This can affect your overall sale and it may cost you in the long run.

Because virtual wholesaling is basically selling your contract (the offer you made on the property), you may need to have some transactional funding to cover the time it takes for the end buyer to wrap things up. It is still your property until the deal closes.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard […]

REI Resources for Beginners

Not all real estate investors were born into the business. If you’re like most people, you’re probably wondering if you’ll continue this venture after flipping your first home or finding a tenant for your commercial building. Should you decide that real estate investing is your calling, where can you go to learn more?

Most real estate investors didn’t start at the top—they were rookies once, too. In a business where you’re often working alone, how do you find what it takes to be the best?
Network
You’ll learn a lot by networking locally with other real estate investors. It is not uncommon to find networking groups online, packed with people who are looking to meet up and discuss their adventures in real estate. Join a group and be sure to mingle with the seasoned professionals—they’ll be the ones to give you the best tips.
Training & Certificate Programs
There are numerous training and certificate programs online that are geared toward real estate investing. A lot of these programs are self-paced and allow you to learn on your own time. These types of programs and certifications are not a requirement for your profession, but you’ll learn a lot about the industry, as well as the lingo.
Webinars & Podcasts
If you’re not able to enroll in a certificate program, why not watch some webinars online? If you don’t already have a mentor, do a simple web search to learn who the top investors are for your niche. You’ll find that several them offer online webinars or podcasts packed with industry related information. Sign up to listen weekly and learn from the masters of real estate investing.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in […]