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    Nashville Has Big Plans For Mass Transit, Could Lead To Significant Growth

Nashville Has Big Plans For Mass Transit, Could Lead To Significant Growth

Though it seemed like a May 1 vote in Nashville that shot down mass transit for the city sealed the deal, it turns out mass transit is back on the table. Nashville Councilman Swope told News 2 that everything is back on the table as far as looking at creating a new plan for Nashville. Now, the City of Nashville is back at it with big plans for an extremely modern mass transit system. The vision includes light rails, commuter rails, and a larger bus fleet. They are even considering double stacked freeways and self driving buses! All of this means that progress might be in store for Nashville. As a property investor, you might pay attention to the area.

Nashville is already growing by over 100 people per day. Once mass transit is improved, the stretch of real estate for rental properties or homes increases along the same path. So, keep an eye on the plans for that mass transit and be ready to pounce once you know the areas that will be sure to grow as soon at the mass transit plans are completed.
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 […]

Dual Functioning AFCI And GFCI Outlets Keep You Up To Code

The National Electrical Code requires GFCI outlets in new construction or remodeling of kitchens, garages, laundry rooms and bathrooms. It requires AFCI outlets for new work on kitchens, bedrooms, living rooms and laundry rooms. So, the easiest solution to stay ahead of the game on your income property is to have dual functioning AFCI and GFCI outlets installed all around the living quarters. These handy dual functioning outlets help prevent electrical shock and residential home fires.

Insurance companies are please to see these dual functioning outlets and your tenants will be too. If you’re merely flipping the property, imagine the security these outlets will provide a potential buyer. Paying attention to this detail by going above and beyond electrical code requirements is a plan for the future and an investment that is noticed. This way, even if you haven’t installed all new electrical wiring, the residence is already significantly safer.
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 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 […]

2018 North Carolina Building Code

The Building Code Council adopted the 2018 North Carolina Building Code at its quarterly meeting in June, 2017.  The 2018 North Carolina Building Code (Except Electrical) will go into effect no later than July, 2018, according to the state’s website.  At that point, we’ll see a minimum six month over lap where either the 2012 NC Code or the 2018 NC Code is acceptable.

So, when is the new code fully active? According to the state’s website, on January 1, 2019, the new code becomes the requirement. Meanwhile, the 2018 Electrical Code went into effect this month.

“The Base Documents for the 2018 NC Codes are the 2015 International Codes,” reports the Office of State Fire Marshal.

You’re not required to wait until the code is fully effective to use it though. See, any code amendment can be used as an alternate set of rules before its effective once it clears Rules Review, of the user requests to use 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, 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 meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 […]

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 […]

Building Permit Process In Nashville

 

All properties within Metropolitan Nashville are zoned for particular uses depending on their zone district classifications. If you’re considering an investment property in Nashville, take a look at the city’s Zoning Land Use Table. It will let you know what uses are permitted in various zones around the city. The property will be considered “zoned and ready” as long as its zoning matches your planned use for it.

Once you’ve got the property in your hands, you’ll probably want to do some renovations. The building permit process in Nashville is pretty straight forward. The building permits are handled by the Nashville Department of Codes and Building Safety. The city offers an e-Permit system to save you time on applying in person. All of the plans and specifications for your building project can be submitted through the e-Plans Review application. The online services save everyone time and make the process much easier.

For better understanding, the City of Nashville uploaded a handy flow chart detailing the building permit process.
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 […]

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    Explanation of South Carolina Building Codes Enforcement Officers

Explanation of South Carolina Building Codes Enforcement Officers

 

If you’re flipping houses in South Carolina, you’ll want to know more about the building codes enforcement officers. Here’s a quick reference guide.
Building Official
A Building Official performs tasks and inspections for the local jurisdiction’s building department. They must carry a certification as a building official (CBO).
Commercial Inspector
A Commercial Inspector performs onsite inspections in at least two construction disciplines. You know, like electrical and plumbing or building and mechanical. What they inspect is decided by the local jurisdiction that employs them. They have to have  certificates or examination records from a recognized code organization. They must actually be certified in two or more commercial inspector disciplines.
Residential Inspector
A Residential Inspector  perform onsite plumbing, building, electrical, and mechanical inspections on residential homes that are three stories or less in height. Also, the dwellings have to have 16 or less units per building. Plus, the total building has to be 5,000 square feet or less. All Residential Inspectors are been certified in the four residential inspector disciplines.
Single Discipline Inspector
A Single Discipline Inspector is just what the title sounds like. They inspect only one construction discipline. They are, of course, certified in that one discipline.
Plans Examiner
A Plans Examiner performs the building plans reviews. They are certified in the discipline of commercial building, electrical, plumbing, and mechanical plans.
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 […]

Should You Invest In Good Carpet Padding To Flip A House?

You’ve got your eye on a potential investment property. You’re creating your budget. You want to cut some corners. Should you get cheap carpet padding?

Most investors find that a good carpet padding increases buyer interest even more than a good carpet would. Good padding can absolutely help you flip a house. Buyers assume that if you’re willing to invest in a quality padding, the home must have quality products everywhere. You can even go with a cheaper carpet if you choose a better padding. It wouldn’t even be deceptive. Quality padding can help even low grade padding last longer. The good padding can help carpet absorb the impact from traffic from below.

Plus, the feeling of nice carpet padding beneath a buyer’s feet goes a long way. It absolutely goes further than the same cost investment on a higher quality carpet. Keep in mind that residential carpet should have a minimum six-pound density rating, but many prefer an eight-pound padding. You can install up to half-inch carpet padding beneath cut pile carpet. Still, for berber carpet, you should keep it under 3/8 inch thickness.
Tip: If installing carpet padding yourself, don’t forget to cover all seams with seam tape!
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 […]

  • How to find a qualified skilled tradesman near me.
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    Clever Way To Find A Good Tradesman For Jobs You Don’t Want To Handle

Clever Way To Find A Good Tradesman For Jobs You Don’t Want To Handle

Tired of skewed social media reviews leading you to unskilled skilled tradesman? Let’s face it, people have friends and family more than willing to give skilled tradesmen and other contractors stellar reviews. Here’s one way to get the real scoop on skilled tradesmen like plumbers, HVAC technicians, and electricians.

Go to where they buy their materials.
Good Skilled Tradesmen Rarely Only Shop The Big Box Stores
It’s true. Though skilled tradesmen often have to stop by big box stores like Lowes and Home Depot, they generally buy their materials from local suppliers. They go to these suppliers because they usually get better prices, better materials, and better service. These local suppliers often know the skilled tradesman by name. They sometimes even know their history. Often, they know how busy they are. Plus, they usually know what type of supplies they purchase. A skilled tradesman who uses sub-par materials isn’t for you, if you’re looking for a good person for the job.

So, head on up to your local supply store. Introduce yourself and explain the job you need help with. Then, ask them who they recommend. Now, sometimes they have policies against recommending contractors. Of course, that doesn’t mean they won’t. Still, if they won’t give out names, ask them in a different way. Tell them that you want referrals about their products and ask them the names of their bigger clients instead. They will know that you’re simply rephrasing the same question so that they don’t have to break policy and likely give you your answer!
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 […]

  • Which color for front door to sell a house.
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    How A Can Of Paint For The Front Door Can Increase Sale Price By $1,500

How A Can Of Paint For The Front Door Can Increase Sale Price By $1,500

If you earn money flipping houses, every upgrade needs to increase the sale value of your investment. You know you need to paint the front door, because it’s weathered looking. But do you know what color to paint it to get the most money from the sale of the house? We do.

Zillow analyzed thousands of photos from residential property sales. It looked at specific colors and specific locations on the houses that increased or decreased the average sale price, and by how much. Color makes a huge impact on buyers. Even though it would be easy for the buyer to paint a front door themselves, for example, they don’t necessarily have that ability to envision it. They might not even know what they don’t like about the new house you just renovated. Maybe it just doesn’t stand out.

It turns out that if you paint the front door of the house you’re flipping a shade of navy blue, dark grey or charcoal, you could drastically increase the sale price for such a minor cost investment. Doors painted these colors on average see a boost of $1,514 added to the sale price of the house.
What About Metal Front Doors?
If you need to turn a drab white metal door a lovely shade of charcoal, here are some tips:

Use an angled brush and paint the recessed panel areas and then let them dry completely (at least 45 minutes).
Use the grey primer formula to lessen the number of coats of charcoal paint you’ll need to apply.
Paint from the top down.
Oil-based paints may take longer to dry, but are great for use on metals that rust. Typically, water-based paints are best for exterior use though. If you […]

  • the real reason banks turn down construction loans - paces funding hard money atlanta
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    The Real Reason Your Construction Loan Was Denied by a Major Lender

The Real Reason Your Construction Loan Was Denied by a Major Lender

If your bank will not approve your construction loan, you may feel as if it’s because of something you’ve done. In reality, however, you are most likely part of a growing trend. We’re going to crunch the numbers for you to identify why you are not alone, and what you can do about it.

As the reports from the FDIC show, bank-approved real estate loans in general have been on the decline for years. The third-quarter report for 2015 shows that real estate loans accounted for less than 3 percent of all bank activity – that’s not much, especially when considering construction loans accounted for over 7 percent of all bank activity in 2010, just 5 years prior.

Using the FDIC report generator, you can see for yourself that the banks made over $3 billion in profits from real estate loans in the third quarter of 2015 (the most recent report available). However, of the $3 billion, construction loans only accounted for $249,000. This number is very small to begin with, but it is down more than $100,000 from the same time 5 years ago.

Bottom line, this trend shows that construction loans are simply not making enough money for the banks to take them seriously. They are too risky of an investment for banks, and the real estate market is not strong enough to guarantee a profit for the banks if they were to seize a property. As a result, they often won’t touch these types of loans.

Instead, banks want to focus on the largest construction contracts possible so that they can minimize the risk and generate the most money at once. Fortunately, you can choose to work with a hard money lender instead of wasting […]

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