Investment

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    Atlanta: One Of Top 10 Metros With People Willing To Be ‘Super Commuters”

Atlanta: One Of Top 10 Metros With People Willing To Be ‘Super Commuters”

If you’re a property investor, you should know, people are willing to be “super commuters” just to work in Atlanta. People seek cheaper housing away from the inner city, and are willing to drive for over 90-minutes just to work in the city. The trend is similar all across the nation, but Atlanta has an increasingly high number of super-commuters. That means that if you can snag a home outside of Atlanta, it might still be a good investment.

A whopping 4 percent of Atlanta’s working population commutes great distances to work. The city ranks ninth on the list of top ten metros in the entire nation for the highest concentration of super commuters. It has a robust economy and plenty of great jobs. The trend is only expected to increase with population growth. Households are priced out of the inner suburbs and far out of the inner city for many Georgians. So, while looking for areas to create rental properties or flip houses, take a look outside of the city, past the inner suburbs. You’ll likely find a gem in the rough worth investing in.
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 […]

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    Houses With Solar Panels Sell For Up To 40% More Than Predicted

Houses With Solar Panels Sell For Up To 40% More Than Predicted

If you’re in the house-flipping business, you should know that people are willing to pay a lot more for a house with solar panels. Actually, first-time home buyers pay up to 40 percent more than predicted for entry-level homes with solar panels. Most of this stems from millennials yearning for greener amenities. They know that solar panels will save money in the long run. They find it advantageous not to have to have them installed. If they’re ready to go when they move in, their energy bills go down right away. In sunny states, many homeowners can even sell off their excess solar energy to the local energy company.

Plus, right now and through 2019, people who purchase solar panels qualify for the 30 percent tax credit. Keep this in mind when pricing out systems if you’d like to upgrade a home you’re investing in. This single feature has shows the greatest unexpected increase in home sales for entry-level homes. It’s a premium feature, but will absolutely set you apart from other homes if the area is hot for the millennial generation.
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 […]

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    Big Businesses Requesting Municipal Approval Indicates A Neighborhood Prime For House Flipping

Big Businesses Requesting Municipal Approval Indicates A Neighborhood Prime For House Flipping

Keep your eye on the neighborhoods in which big businesses try to get into. Is a Panera Bread or a McDonald’s requesting local permission to build? If you start to notice corporate interest in a particular neighborhood, that’s a good sign that an area is about to see a lot of growth. Want a lucrative investment property? Paying attention at city council meetings can be helpful. First of all, they might know something you don’t. Remember, they aren’t going to waste their money developing if their research departments feel the market doesn’t have potential. Also, once they are there, renters and buyers generally find the area more appealing. They bring job opportunities and convenience.

Also keep an eye on future plans for developments like parks or street upgrades. If a city has the go ahead to put in a new municipal park, think of how much more appealing the properties will be for buyers. Paying attention to these trends that indicate growth can help you maximize your profits when house flipping or purchasing rental properties.
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 […]

How And When To Obtain A Business License In Nashville

If you’re considering purchasing a property in Nashville to use for business, you’ll need a business license. If a business is located within the Nashville city limits, the owner must pay for a business license or a minimal activity license. The fee for that is $30. Now, if the business is outside the city limits, but still in the county, the owner still has to pay for a business license or a minimal activity license. Outside the city limits, the fee is just $15 though.

If your gross receipts fall between $3,000 and $9,999 during a fiscal year, you only need a minimal activity license. This license is renewed annually.

The City of Nashville makes it easy to get a business license. You can download and print the application right from their website.

You have to include the following information on the application:

Business name
Business address
Business telephone number
Owner’s name(s)
Owner’s home address
Owner’s home telephone number
Owner’s social security number
Copy of owner(s) driver’s license
Signature of each owner

Don’t forget, you still have to report your gross receipts to the Tennessee Department of Revenue each year.
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, 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 […]

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

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

 

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 for nearly a decade. If the assessor’s value seems wrong, you can appeal it. To appeal your property’s assessed value in North Carolina, you can go to the local board of Equalization. Often you can just make informal contact and assessors will work with you, if they’ve made an error.
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, 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 […]

Most Common Problems Identified On A Home Inspection

Have you ever wondered what the most common problems found by home inspectors are? Most problems are relatively easy to fix. So, don’t let these be deal breakers if you find an otherwise good investment.

Faulty wiring is common, but not usually a costly problem for an electrician. Often they find open junction boxes or wires without wire nuts. Easy fixes. Water on ceilings often terrify purchasers, but if it’s caused by faulty plumbing, the repairs can be no big deal. Inspectors commonly find poor drainage causing basement leaks. That’s not always hard to fix either. Bad gutters cause a myriad of issues, but are easy to replace or repair. Foundation flaws like small cracks aren’t always a huge deal. The inspector can inform you of the severity. Poor maintenance like worn shingles or a cracked driveway are also easy to repair, so don’t despair!

Now, if your inspection finds that your roof needs replacing, you could be looking at more than seven grand. If the house is in a flood zone, you might consider just running the other way. If you find major foundation issues, it might not be worth your investment. If all of the wiring is aluminum, you’ll need to replace it. That can also cost thousands, so make sure you’re prepared for that kind of cost investment before you sign the final papers.
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, North and South Carolina metropolitan areas.

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 […]

Don’t Ever Skip The Inspection On An Investment Property

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 drainage is placed properly, examines ridge and fascia board lines, checks for structural damage. The home inspector looks to see if windows or door frames are bowed, and why. Exterior surfaces are examined. They check insulation, plumbing, and evidence of foundation damage. This is just to name a few things.

If you don’t know how to check for proper plumbing installation or how to check an electrical service panel, you shouldn’t rely on your own judgement.

A quality home inspection can save you a tremendous amount of money, so don’t skip it.
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, North and South Carolina metropolitan areas.

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 […]

  • Interior designers usually consult with clients for less than $100.
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    New To House Flipping? Spend An Hour With A Professional Interior Designer

New To House Flipping? Spend An Hour With A Professional Interior Designer

If you’re new to house flipping, paying for a consultation with an interior designer might be a good investment. Typically, an hourly fee for a consultation from an interior designer is less than $100. In that hour, a designer will throw out a bunch of suggestions for changes they might make to a home you intend to flip. They have lots of ideas. Though they won’t be able to design and implement the changes to your investment property in just one hour, the advice they provide during the consultation can help you get started on your own.

They may suggest some furniture ideas that could help you with home staging. It’s likely they will throw out color ideas for paint, carpet, curtains and counters. For less than $100, these ideas can really help you plan your remodel. Even small suggestions can go a long way, so don’t forget to jot down every suggestion during your consultation.

Expertise looked at 134 interior designers serving Atlanta, Georgia and created a list of the top 21. Check out their top picks for interior designers by visiting this link. It offers these experts’ websites and contact info as well as a small blurb about each design firm.
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, North and South Carolina metropolitan areas.

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 […]

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

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

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 something comes up and you don’t have the funds to cover it, your entire project could stall, and then fall apart. You don’t want to spend countless hours and resources only to lose all of your work in the eleventh hour. It’s not unheard of for someone to get 90% finished on a real estate project and then lose everything. Why? Because they tapped out of funds. Don’t learn the hard way. Take our word for it. Never start a real estate rehab project unless you have all of the money that you will need to finish the job.

 
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, North and South Carolina metropolitan areas.

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 […]

What You Need To Know About Note Purchases

Smart investors often make an extreme profit by investing in promissory notes. See, a note purchase means the purchaser is buying a lender’s promissory note instead of the actual property. The foreclosure process can be expensive in time and money for financial institutions. When a loan under-performs, these institutions are often willing to sell them at a discount. Note purchases are a risky business though. Legal counsel is strongly advised for all note purchases.

Again, when an investor purchases a promissory note, the buyer buys a lien right from a lender. This means, the buyer can’t actually possess the property. Consequently, the buyer often can’t have the property inspected. The property is generally occupied by the original borrower.

Now, this is important: If the borrower can’t repay the loan, the buyer will then have to go through the lengthy foreclosure process that the first financial institution was trying to avoid.

Now, here’s the deal. These can work, especially if the buyer is able to reduce the borrower’s monthly payment. The buyer will also have to make a profit, of course. So, a low-priced note means all the difference.

Investors purchasing a promissory note can view a foreclosure like a landlord views a tenant eviction. Well, except that a foreclosure is far more expensive and time consuming. Foreclosures usually require lawyer and trustee fees upfront.  The potential for having to foreclose on a borrower is the main reason so many investors shy away from note purchases.

Thankfully, there are many ways to invest in real estate.

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, North and South Carolina metropolitan areas.
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