7 07, 2019
  • Should You Buy a Rental Property - Paces Funding Hard Money Loans

Should You Buy a Rental Property?

By |2019-06-23T17:53:49-04:00July 7th, 2019|Categories: Hard Money, Investing, Investment, Investment Properties, Investments|Tags: , , , |0 Comments

Hanging on to a property and renting it out can be a tremendously profitable endeavor - but should you try it? Maybe. Here's what you need to know. Should You Buy a Rental Property? Flipping houses - the process of buying an affordable home, fixing it up and selling it for a profit - isn't for everyone. It's a bit too risky for some, although it can pay off to the tune of tens of thousands if done properly. But buying a rental property might be a good choice. If you're going to be a landlord, here's what to look

4 07, 2019
  • Investors Are Buying Huge Parts of the Housing Market - Here's What You Need to Know - Paces Funding

Investors Are Buying Huge Parts of the Housing Market – Here’s What You Need to Know

By |2019-06-23T17:53:37-04:00July 4th, 2019|Categories: Hard Money|Tags: , |0 Comments

Investor purchases of U.S. homes are at an all-time high right now. In fact, more than 11 percent of all purchases were made by private-equity firms, speculators and flippers during 2018 - and that's as high as it's ever been, according to CoreLogic, who released the study with this information. Why Are Investors Buying So Many Properties? Demand for rental properties keeps increasing - in part because the rental market is thriving. With more people being unable to come up with down payment cash or unwilling to lock themselves into buying a home they're not sure they can afford, investors

1 07, 2019
  • Smart Renovations - What You Need to Know - Paces Funding

Smart Renovations: What You Need to Know

By |2019-06-23T17:53:26-04:00July 1st, 2019|Categories: Hard Money, Home Upgrades, Remodeling Tips|Tags: , , , , |0 Comments

When you take out a hard money loan to flip a house, you know you'll be making improvements and renovations - but you have to choose wisely, or your entire profit will get eaten up by the things you add to the space. So how do you figure out which renovations are smart ones, and which ones are a waste? Here's what you need to know. What Are Smart Renovations? Smart renovations are those that bring you the most "bang for your buck." You probably don't want to gut a kitchen and put in all marble countertops, energy efficient appliances,

28 06, 2019
  • What if You Try to Flip a House Without Understanding the Market - Paces Funding

What if You Try to Flip a House Without Understanding the Market?

By |2019-06-23T17:53:14-04:00June 28th, 2019|Categories: Flipping, Hard Money|Tags: , , |0 Comments

If you're thinking about diving into house-flipping, we have a word of caution for you: Don't do it unless you've done your homework. Here's what we often see go wrong with first-time flippers. What if You Try to Flip a House Without Understanding the Market? Flipping a house without doing your homework can be disastrous. Here's why: If you buy a house without understanding the real estate market around it, you won't know if you're really getting a good deal. In order to make a solid profit, you'll need to buy the property below market value, minus the cost of

24 06, 2019
  • What is the 70% Rule in Flipping Houses

What is the 70% Rule in Flipping Houses?

By |2019-06-23T17:53:00-04:00June 24th, 2019|Categories: Hard Money|Tags: , , , |0 Comments

If you've been involved in investing for a while - or if you've been doing plenty of research on flipping properties to make some cash - you've heard of the 70 percent rule. But what is it, and how do you figure out how much it is? What is the 70% Rule in Flipping Houses? The 70 percent rule says that an investor should pay 70 percent of a property's after-repair value, or ARV, minus the repairs necessary. 70% Rule: Examples So let's say a home's ARV is $200,000 and it needs $50,000 in repairs and upgrades to make it

23 06, 2019
  • Should You Apply for a Conventional Loan on an Investment Property?

Should You Apply for a Conventional Loan on an Investment Property?

By |2019-06-23T17:49:41-04:00June 23rd, 2019|Categories: Hard Money|Tags: , , |0 Comments

If you're buying an investment property, you have a couple of options for funding - and one of them is a hard money loan. Hard money loans are different from conventional loans, which require you to have a good enough credit history, a borrowing history and a certain debt-to-income ratio. So should you apply for a conventional loan to buy an investment property? Here's what you need to know. Should You Apply for a Conventional Loan on an Investment Property? A lot of investors choose to use hard money instead of conventional loans. It's not that there's anything wrong with

16 06, 2019

Why Property Investors Should Care What Millennials Think

By |2019-06-09T16:07:42-04:00June 16th, 2019|Categories: Income, Investing, Investment, Investment Properties, Investments, Tenants|Tags: , |0 Comments

In recent blog posts, we've discussed how to attract Millennials to rental properties, what Millennials want from their rental properties, and how to market to Millennials. But why should property investors care what Millennials think? The reason why investors need to care about what Millennials want and what Millennials think is two-fold. First of all, non-Millennial investors are about to face competition from Millennial property investors. These investors are fully prepared to offer their own generation exactly what they want and to market to their generation in exactly the manner that will attract attention. In business, you must stay competitive.

13 06, 2019

How To Attract Millennials To Your Rental Properties

By |2019-06-09T15:26:46-04:00June 13th, 2019|Categories: Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Investments, Remodeling Tips, Tenants|Tags: , , , , |0 Comments

In a previous blog post, we discussed what Millennials want from their rental properties. Now, we're going to explain how to attract Millennials to these properties you've designed for them. If you're marketing to Millennials, you are aware that your marketing really must include a strong online presence. But are you sure you're including the right information in this online marketing material? Here are several things you should include in your marketing material in order to capture the Millennial rental market. Interactive Maps To Key Places There are several ways to include interactive maps on your rental property's webpage including

10 06, 2019

What Millennials Want From Rental Properties

By |2019-06-09T14:12:34-04:00June 10th, 2019|Categories: Hard Money, Home Improvements, Investment, Investment Properties, Investments, Leasing Your Property|Tags: , , , , , , , , , |0 Comments

Millennials are the largest generation we've ever had. If you own rental properties, it's wise to know what this generation is looking for in a rental property. Here are the main factors Millennials are looking for in a rental property. Close To Work Millennials like to live near where they work. They aren't as concerned about the quality of schools or whether or not the neighborhood is quiet. They are mostly seeking rental properties close to work. They don't want to commute far. If they can ride their bike or walk to work, even better. They're also happy to hop

7 06, 2019

Millennial Investors Leading The Housing Market Charge

By |2019-06-07T20:31:54-04:00June 7th, 2019|Categories: Commercial, Interest, Investing, Investment, Investment Properties, Investments|Tags: , , |0 Comments

There are over 75.4 million Millennials in the US and over 55 percent of them polled by Harris Interactive said they were interested in real estate investing. Couple this fact with the Bank of America Survey that claims that one in six Millennials have more than $100K in their savings, and you can see that this generation is sure to alter the real estate investing forecast. More Millennials believe that real estate investing produces better returns than the stock market. More than eight out of ten of them believe that real estate is a good investment according to a Fannie