Not only do windows open up interior spaces to natural light and air, they are focal points to frame views to the outdoors. There are many different styles of windows, and a vast majority of the time they jive with the architectural style of a home, or at least they should. While windows are aesthetically pleasing on both the exterior and interior of your flip, they're also an important consideration for potential buyers when it comes to energy efficiency. Heat gain and heat loss through windows account for between 25 percent and 30 percent of residential heating and cooling energy use, according to the
If you’re like many people, you know that financing a distressed property can be tough – that is, unless you use a hard money lender. Here’s what you need to know. Why Use a Hard Money Loan to Buy a Distressed Property? Conventional lenders often can’t approve investors quickly enough to pounce on great deals, and that’s true whether you’re buying a distressed property or any other property. This leads to many investors working with hard money lenders to buy these – and other – properties. But there are other reasons people use hard money to buy distressed properties, too.
If you’re kicking around the idea of finding and buying a distressed property, this guide will help. Check out these three tips for buying a distressed property that you can put to use when you’re ready. These three tips for buying a distressed property can help you get the best deal – and make the most profit: Choose the right neighborhood Get creative in finding properties Get an inspection Here’s a closer look at each. Tip #1 for Buying a Distressed Property: Choose the right neighborhood If you aren’t already eyeing a particular neighborhood, start doing some research. Location is
Many real estate investors branch into commercial real estate – and often, they’re looking for distressed commercial properties. But if that was a path you were interested in taking, how would you find the right places to buy? Check out this guide, which offers five ways to find distressed commercial properties to find out. 5 Ways to Find Distressed Commercial Properties There are five great ways to find distressed commercial properties that may be great investments: Search commercial investing websites Talk to commercial real estate brokers Talk to lenders Network with other investors Send out mailers Here’s a closer look
If you’re a real estate investor looking for the next great deal, you may be interested in finding a distressed property. But other than driving around town looking for the perfect place (you know – one that’s got peeling paint, a stack of newspapers on the porch and multiple notices stuck to the front door), there are three super-simple ways to find distressed properties. This guide explains. 3 Simple Ways to Find Distressed Properties Looking for a distressed property is easy if you: Check tax records Search public records for delinquent mortgages Network through probate court Here’s a closer look
As a real estate investor, distressed properties are often great finds – but how can you tell when a property is in distress and may be worth buying? Check out these six signs of a distressed property to learn more. 6 Telltale Signs of a Distressed Property It’s often easy to spot a distressed property if you know what to look for. Keep your eyes open for: Notices placed on doors or windows Peeling or faded paint Lights off at night Neglected lawns Broken windows or obvious issues on the exterior Uncollected mail Why Are These the 6 Signs of
If you’re like many people, you know one of the hardest aspects of real estate investing is finding distressed properties that are actually a good fit for you – but if you’re new to real estate investing, you may not know what a distressed property is. So what is a distressed property, and why would you want one? This guide explains. What is a Distressed Property? A distressed property is a property – typically a single-family home, duplex, triplex, fourplex or other multi-unit property when it comes to real estate investing – that the current owner can’t or won’t maintain.
You want your flip property to be as appealing as possible to buyers, so making the right design decisions is key. Certain choices, however, could make your flip more difficult for potential buyers to keep clean. Here are some of them. Overmount Farmhouse Sinks The modern farmhouse home style has enduring popularity, and farmhouse sinks are a feature that has transcended this style and found its way into many modern kitchen designs. While an undermount farmhouse sink sits beneath a countertop, an overmount one sits on top of the counter and the raised lip of the sink can cause soap scum
Usually when you’re looking to purchase a house you don’t want one that has a tax lien, but such a home can be purchased through a tax sale. So how do tax sales work? There are two kinds of tax sale homes: a tax lien sale home and a tax deed sale home. Each involves homes that have unpaid property taxes. During a tax lien sale a lien is auctioned off to the highest bidder. That bidder then has the right to collect the lien, as well as interest, from the homeowner. If the homeowner can’t pay the lien the
This isn't your first flip, but it is the first time you've thought about adding some square footage to your house, which is a little on the cozy side. As you weigh your options consider the typical costs of horizontal and vertical home additions, which we’ve highlighted below, to see how expanding your home may impact your budget. (Be aware that labor and supply expenses can vary by region). Expanding the Footprint If you want to expand your flip horizontally (expand its footprint) it can be cheaper than building vertically. It'll cost you between $150 and $200 per square foot, on