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Critical Areas to Inspect When Buying a House

If you’re like most people, your emotions sometimes cloud your judgement. While there’s nothing wrong with that in most cases, you can’t let your emotions get in the way when you’re a real estate investor.

There are some critical areas of a property that you’ll need to inspect—sometimes twice—to make sure you’re not falling into a money pit. Even if your inspection gets the green light, you may want to call a specialist for a second opinion. Here are some areas that could use a more thorough inspection:
Foundation
A home inspector will search for visible signs of foundation problems. They’ll check for cracks, deformations, and uniform settlement. If you suspect any problems, or if the inspection shows some areas of concern—you may want to get a second opinion. Spending some additional money on a licensed structural engineer, prior to buying the home, could save you time and money.
Heating, Ventilation, and Air Conditioning (HVAC)
The HVAC system in a home usually undergoes an unremarkable inspection during the home buying process. The equipment is investigated for the potential to heat or cool a home, but there’s usually a lot more to it. For an in-depth inspection that will tell you how the equipment is functioning, you may want to call an HVAC expert to do a check-up.
Plumbing
There is nothing taken for granted more than a home’s plumbing system. If the water comes from the faucets, and the toilets flush; it’s easy to assume that everything is in working order. It may be a good idea to have the home’s main septic line inspected by a professional plumber before you purchase a home. A plumbing pro can perform a more thorough inspection than a home inspector.

Do You Need a Hard […]

What is Working Capital?

Working capital, at least as it pertains to the real estate investing business, is money that you can use to fund improvements on an investment property.
Why People Choose Hard Money Loans for Working Capital
Because a hard money lender can provide working capital quickly, many people choose this route when investing in a property in Florida, Tennessee, and Georgia.
How Do You Calculate Working Capital?
Working capital is your current assets minus your current liabilities. For example, if you have $200,000 in assets but $195,000 in current liabilities, you have $5,000 in working capital.
How A Hard Money Loan Can Help You
When you borrow from a hard money lender, you get up to 65 percent of the home’s after-repaired value, or ARV. That means if you’re flipping a home that, when repaired, will be worth $100,000, you can borrow up to $65,000 to work on it.

Do You Need a Hard Money Loan in Atlanta, Nashville, or Florida?

If you’re an investor who needs a hard money loan, 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 apply for a hard money loan online or you can contact us at 404-814-1644.

 

 

What’s a Bridge Loan?

A bridge loan may be what you need until you secure permanent financing – but what is it, and how could it help you?
What is a Bridge Loan?
A bridge loan is a short-term loan that you can use to bridge the gap between securing permanent financing or to remove an existing loan obligation that you already have.

This type of loan provides immediate cash flow.
How Long Does a Bridge Loan Last?
A bridge loan is typically very short-term. (Sometimes they last about 12 months.)
How Do You “Secure” a Bridge Loan?
Typically, bridge loans are secure debts – and they’re secured by a form of collateral. That means your house or another asset serves as collateral so you can borrow using a bridge loan.
Do You Need a Hard Money Loan in Atlanta, Nashville, or Florida?
If you’re an investor who needs a hard money loan, 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 apply for a hard money loan online or you can contact us at 404-814-1644.