/Investments
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

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

14 08, 2018

Recognizing Big Problems With Distressed Properties

By |2018-08-14T16:47:05+00:00August 14th, 2018|Categories: Due Diligence, Flipping, Foreclosures, Investment Properties, Investments, Remodeling Tips|Tags: |0 Comments

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!

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

8 08, 2018
  • Investingin a historic home as a rental property.

Should You Invest In A Historic Home?

By |2018-08-08T12:09:29+00:00August 8th, 2018|Categories: Hard Money, Hard Money Loans, Investment, Investment Properties, Investments, Leasing Your Property, Tenants|0 Comments

Historic homes offer significant ambiance and beauty. Obviously there are downsides. The natural materials mean more maintenance. Depending on the time period in which the historic home was built, it could also feature hazards like asbestos or lead paint making DIY repairs a little more risky. Additionally, if the home is located in a historic district, you'll face limitations as to what kinds of upgrades you can even make. Sometimes, even window upgrades are restricted which means that your tenants may face higher heating bills. Still, people who are interested in living in historic homes generally expect that challenge. To

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

24 07, 2018

What Types Of Borrower Requirements Are There For Hard Money Loans?

By |2018-07-24T16:10:26+00:00July 24th, 2018|Categories: Bridge Loans, Construction Loans, Flipping, Hard Money, Hard Money Loans, Home Improvements, Home Upgrades, Income, Investing, Investment, Investment Properties, Investments, Private Lending|Tags: , |0 Comments

Paces Funding is a professional hard money lender, so we have some very specific borrower requirements for hard money loans. Many are shocked to learn that there is actually no credit score requirement for borrowers to meet. Still, borrowers must complete an application. You also must have an executed contract for purchase. Other Borrower Requirements If you are applying for a hard money loan through Paces Funding, you'll need a detailed construction budget for the property from a contractor. If you are the contractor, that's fine, but we will still need a detailed construction budget. We also need to see

17 07, 2018

Investors: Have You Heard Of Rent Auctions?

By |2018-07-16T22:37:07+00:00July 17th, 2018|Categories: Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: , |0 Comments

  If you own rental properties, you've got to hear about this latest concept: Rent Auctions. Typically, you check comparable rental units in the area, check market reports and do your best job at setting the price of rent in your rental units. Right? Then, you advertise the rental unit for the price that you think is the most accurate rate. Consider this though. One South African start up company began a rental listing and management service. Instead of just declaring the rent, landlords have the option t o allow potential tenants to bid on the opportunity to rent a

16 07, 2018

Should You Manage Your Own Investment Properties?

By |2018-07-16T12:56:52+00:00July 16th, 2018|Categories: Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: , , , |0 Comments

When you own an investment property, you have a big decision to make. Should you manage your own property or hire a property manager? Ultimately that decision will depend on a number of factors. Is it even feasible? Managing Your Own Investment Properties Property managers have several responsibilities. Here are the basic services offered by property managers that would become your responsibility if you manage your own investment properties: Respond to emergency and repair calls from tenants. (Remember, this could mean a call while you're sleeping or in another meeting.) Co-ordinate repairman visits. Finding tenants to place in your rental

13 07, 2018

You Control The Value Of Your Multifamily Real Estate

By |2018-07-13T12:58:33+00:00July 13th, 2018|Categories: Hard Money, Investing, Investment Properties, Investments, Leases|Tags: , , |0 Comments

When you have a rental property, especially a multifamily rental property with five or more units, the value of the property is actually based on the income that its able to produce. The wonderful thing about investing in rental properties is that you do have some control over this value. See, you are in control of the income and even the expense of the property. When you first purchase an existing multifamily rental property, you can negotiate better prices for many services. Sometimes, you can install supplementary income generators like coin-laundry or services. You can look at rent and determine