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10 08, 2019

Who Appraises a Property When You Get a Hard Money Loan?

By |2019-07-15T09:29:39-04:00August 10th, 2019|Categories: Hard Money|0 Comments

Obtaining a hard money loan for the purchase of a property usually comes with the contingency of getting an appraisal. Most lenders will not complete the process without one. A loan from a private lender differs from a direct loan from a bank loan. Private lenders may have a licensed professional on staff that conducts their appraisals or you can recruit one on your own. They want confirmation that their investment of up to 65% of the property's after-repair value (ARV) is secure. What an Appraisal Consists Of Market comparisons of similar properties The state the property is in The

7 08, 2019
  • What is Loan-to-Value Ratio in a Hard Money Loan - Paces Funding

What is Loan-to-Value Ratio in a Hard Money Loan?

By |2019-07-07T12:15:51-04:00August 7th, 2019|Categories: Loan|Tags: , , |0 Comments

Many lenders require that certain loans be secured with collateral. The actual value of the collateral (usually a property) is used in combination with a variety of factors, such as creditworthiness, to determine how much money a creditor feels comfortable lending you. You’ve probably encountered the term “loan-to-value ratio”, and may be wondering what that means. Related: Investors are buying huge parts of the housing market. Here's what you need to know. What is Loan-to-Value Ratio in a Hard Money Loan? The loan-to-value ratio (LTV) is a method of determining what percentage of a property’s value can be issued as

4 08, 2019
  • Do You Need to Hire a Real Estate Agent to Sell Your Flip

Do You Need to Hire a Real Estate Agent to Sell Your Flip?

By |2019-06-25T09:38:17-04:00August 4th, 2019|Categories: Flipping, Hard Money|Tags: , |0 Comments

After going through the work to restore a house, you're ready to get it up on the market and flip it. With the effort you've already put in, you might think that selling it without a real estate agent is reasonable. However, hiring this professional is incredibly important. Why You Need a Real Estate Agent to Sell Your Flip Real estate transactions involve so many components that you can easily miss if you forgo hiring an agent. Before you put the house on the market, you want to ensure that it is in the best shape possible. In your eyes,

1 08, 2019
  • 3 Kitchen Fixtures Your Next Flip Needs

3 Kitchen Fixtures Your Next Flip Needs

By |2019-06-25T09:38:20-04:00August 1st, 2019|Categories: Flipping, Hard Money, Home Improvements, Home Upgrades|Tags: , , , , , , , , |0 Comments

Everyone knows that kitchens are the heart of the home, so when it comes to flipping houses, kitchens need a lot of attention. From the floors to the ceiling, every detail matters especially if you want the house to sell quickly. To make your decision easier, here are three kitchen fixtures your next flip needs. 3 Kitchen Fixtures Your Next Flip Needs Check out these three kitchen features to add to your next flip: A farmhouse sink A pull-down faucet Pendant lighting Let's take a look at each. Farmhouse Sinks Extremely popular right now, farmhouse sinks give a sophisticated look

28 07, 2019
  • Are Hard Money Loans a Good Idea for REIs

Are Hard Money Loans a Good Idea for REIs?

By |2019-06-25T09:38:14-04:00July 28th, 2019|Categories: Hard Money|Tags: , |0 Comments

Financing your real estate investment can raise some challenges. You need to be able to obtain funding quickly to take advantage of a great opportunity. Perhaps you do not want your credit score to be a chief deciding factor in being able to do so. This leads to the question of whether hard money loans are a good idea for real estate investors. In short, hard money loans are a smart choice for the real estate investor. There are two chief reasons for this: Time and ease. How Fast is Funding With a Hard Money Loan? The first reason is,

24 07, 2019
  • 3 DIY Improvements to Help You Flip a House

3 DIY Improvements to Help You Flip a House

By |2019-06-25T09:38:14-04:00July 24th, 2019|Categories: Flipping, Hard Money, Home Improvements, Home Upgrades|Tags: , , , , , , , |0 Comments

Flipping a house provides you with the opportunity to make some money and then move forth to score the home of your dreams. Before you can make the sale, however, consider these relatively simple fixes that can make the space more attractive and increase the sale price. Whether you hire a contractor or do the work yourself, these are the basics that every flipper needs to know about (especially if you're new to the business). Faucets Shiny new faucets bring an aesthetically pleasing look to the bathrooms and kitchens. As someone proficient in the home-buying process, you already know how

21 07, 2019
  • 2019 Paint Colors - What to Know Before You Paint an Investment Property

2019 Paint Colors: What to Know Before You Paint an Investment Property

By |2019-06-23T17:54:54-04:00July 21st, 2019|Categories: Hard Money, Home Improvements, Home Upgrades|Tags: , , , , , , , , |0 Comments

If you're buying, fixing and selling homes for a living, part of your job is creating a house that appeals to the widest range of buyers. That includes choosing the right colors - the ones that buyers love. Check out these 2019 paint colors that buyers are trending toward before you head to the home improvement store. 2019 Paint Colors: What to Know Before You Paint an Investment Property Nature is really heavy in paint this year, and woodland colors are definitely in. For this category, opt for earthy gray and warm brown, like: Antler velvet Fallen leaves Warm stone

16 07, 2019
  • Property Types for Hard Money Loans - Paces Funding

Property Types for Hard Money Loans

By |2019-06-23T17:54:23-04:00July 16th, 2019|Categories: Hard Money|Tags: , , , , , |0 Comments

If you're thinking about getting a hard money loan, you need to know what types of property you can get it for. Here's the scoop. Property Types for Hard Money Loans A borrower can use a hard money loan for nearly any type of property, such as: Single-family homes Multi-family homes Commercial properties Land Industrial properties These types of loans aren't appropriate for all transactions - they're a better fit for some than they are for others. A lot of investors use hard money loans to get in on a deal quickly (if investors wait too long, someone else with

13 07, 2019

Built-In Bathroom Storage: What You Need to Know for Your Flip

By |2019-06-23T17:54:13-04:00July 13th, 2019|Categories: Hard Money, Home Improvements, Home Upgrades|Tags: , , , , |0 Comments

When you're flipping houses for a living, you already know that it's your job to deliver on what buyers want. And right now, that's bathroom storage. Built-In Bathroom Storage: What You Need to Know for Your Flip Built-in bathroom storage helps sell houses. Space is at a premium in these rooms, which are typically the smallest in the house, and buyers are always looking for ways to get the most out of what they have. Rather than investing in a walk-in shower and a luxury tub (although those can be huge money-makers for investors, too), think about adding built-in storage

10 07, 2019
  • 3 Must-Haves for Your Flip's Bathroom

3 Must-Haves for Your Flip’s Bathroom

By |2019-06-23T17:54:00-04:00July 10th, 2019|Categories: Hard Money, Home Improvements, Home Upgrades|Tags: , , , , , |0 Comments

If you're buying and selling homes, you already know that you have to deliver what buyers really want  - and when it comes to bathrooms, there are three things that every buyer is looking for right now. Check out this list of must-haves for your flip's bathroom. 3 Must-Haves for Your Flip's Bathroom Buyers go crazy for: Elegant tile Layered lighting A customized shower stall Let's take a closer look at each. Elegant Tile Every type of flooring definitely has its place in your flip - but if you're going to spring for elegant tile, do it in the bathroom.