/Construction Loans
12 04, 2019

How To Determine How Much Paint You Will Need To Paint A Room

By |2019-04-12T23:46:18-04:00April 12th, 2019|Categories: Business, Calculator, Construction Loans, Flipping, Hard Money, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Remodeling Tips, Tenants|Tags: , , , , |0 Comments

As a landlord, do you ever just guess how much paint you will need to paint a room in your rental unit? Do you ever end up with not enough paint or way too much? A good rule of thumb is to know that a gallon of paint covers a surface area of around 300 to 400 square feet. Determining The Surface Area Of The Walls Of A Room You'll need a tape measure to determine the surface area of a room. The area of one wall can be determined by measuring the height from the floor to the ceiling

24 02, 2019

Check Downspouts & Gutter When You Buy A New Rental House

By |2019-02-24T16:03:10-04:00February 24th, 2019|Categories: Construction Loans, Foreclosures, Home Improvements, Home Upgrades, Investment Properties, Leases, Leasing Your Property, Rehab Loans, Remodeling Tips, Short Sales, Tenants|Tags: , , , , , , , , |0 Comments

When you buy a new house that you intend to rent out, be certain to check the downspouts. These get overlooked too frequently and can cost landlords substantially. Attention to these should be part of your typical maintenance. See, for every inch of rain we get, our rooves divert around 600 gallons of water into our downspouts. You must make sure that this water diversion is working the way it should. Know this ahead of time, because renters often don't bother to report on these like this, especially if it doesn't affect them. Check Gutters For Clogs Clogged gutters throw

15 02, 2019

Do You Know The Signs Of A Bad Foundation

By |2019-02-14T23:15:36-04:00February 15th, 2019|Categories: Construction Loans, Due Diligence, Flipping, Hard Money, Home Improvements, Investment Properties, Investments, Real Estate, Rehab Loans, Remodeling Tips, Short Sales, Tax Foreclosures|Tags: , , , , |0 Comments

As a real estate investor, you can save yourself money and time if you know how to spot signs of foundation damage when you first look at a potential investment property. Some minor problems can be fixed, of course. If you only spot minor problems, it's possible that hiring a professional evaluator to check the property may be worth it. Not all foundation issues mean you should walk away from an investment property. But you can save yourself the cost of an evaluation if you can spot the major foundation issues yourself. Keep in mind, you're not just looking at

14 02, 2019

What Construction Codes In Georgia Are Mandatory?

By |2019-02-14T22:43:43-04:00February 14th, 2019|Categories: Commercial, Construction Loans, Georgia, Hard Money, Investing, Investment Properties, New Construction|Tags: , , , , |0 Comments

If you're thinking of picking up an investment property or land to build an investment property in Georgia, you will want to be aware of Georgia's mandatory construction codes. The state has mandatory construction codes that people have to follow for any structure built there. Some local governments in Georgia may choose not to enforce all of these codes, but technically, they are mandatory. Each of these sets of construction codes  usually has a base code it works off of and then a set of amendments specific to Georgia. Mandatory Georgia Construction Codes This list of codes includes most of that

12 11, 2018

Investing In The Nashville Real Estate Market

By |2018-11-12T22:12:05-04:00November 12th, 2018|Categories: Business, Commercial, Construction Loans, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, Leasing Your Property, New Construction, New Home Development, New Homes, Private Lending|Tags: , , |0 Comments

There’s a lot of interest in investing in places like Nashville and other strong secondary markets right now. This is due to economic and cultural factors driving people out of more traditional markets. Plus, when you consider the quality of life in much larger downtowns, it's no wonder smaller, homier downtowns are the next big thing. These secondary markets prime for investing are great tourist destinations, just like Nashville. They are also key areas for music and the arts, just like Nashville. Here's what these secondary markets desperately need: Residential condo units. (Last year, Nashville gained a mere 71 units.)

10 09, 2018

Mandatory Construction Codes In Georgia

By |2018-09-10T20:20:38-04:00September 10th, 2018|Categories: Construction Loans, Developers, Hard Money, Home Improvements, Home Upgrades, Investment Properties|Tags: , |0 Comments

Georgia has some mandatory construction codes that people have to follow for any structure built in Georgia. These are mandatory construction codes, whether local governments choose to enforce the codes of not. Each of the separate codes usually has a base code and a set of Georgia amendments to that base code. Mandatory Construction Codes In Georgia The following are the mandatory construction codes all builders must follow for any structure that is built in Georgia: International Building Code International Residential Code for One- and Two-Family Dwellings International Fire Code International Plumbing Code International Mechanical Code International Fuel Gas Code

27 08, 2018

How Do You Get A Hard Money Loan?

By |2018-08-27T22:38:31-04:00August 27th, 2018|Categories: Bridge Loans, Commercial, Construction Loans, Hard Money Loans, Home Upgrades, Investing, Investment, Investment Properties, Investments, New Construction|Tags: , |0 Comments

Are you considering investing in homes to flip them? Considering a hard money loan, but feel unsure about the process? Here's where you will need to start. Check out our hard money lending criteria. If your situation fits our criteria, just fill out the  online loan application or download and fax it to us. When we get your application, we will check it out. We can get purchasers money much more quickly than traditional lenders. Keep in mind that we lend up to 65 percent of the ARV value of the collateral. Luckily, if the loan will be used in part for the renovation or

24 07, 2018

What Types Of Borrower Requirements Are There For Hard Money Loans?

By |2018-07-24T16:10:26-04:00July 24th, 2018|Categories: Bridge Loans, Construction Loans, Flipping, Hard Money, Hard Money Loans, Home Improvements, Home Upgrades, Income, Investing, Investment, Investment Properties, Investments, Private Lending|Tags: , |0 Comments

Paces Funding is a professional hard money lender, so we have some very specific borrower requirements for hard money loans. Many are shocked to learn that there is actually no credit score requirement for borrowers to meet. Still, borrowers must complete an application. You also must have an executed contract for purchase. Other Borrower Requirements If you are applying for a hard money loan through Paces Funding, you'll need a detailed construction budget for the property from a contractor. If you are the contractor, that's fine, but we will still need a detailed construction budget. We also need to see

16 04, 2018

Dual Functioning AFCI And GFCI Outlets Keep You Up To Code

By |2018-04-16T15:00:28-04:00April 16th, 2018|Categories: Construction Loans, Home Upgrades, Leasing Your Property, New Construction, Remodeling Tips|Tags: |0 Comments

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

13 04, 2018

Tax Cuts and Jobs Act Allows Business Owners A Tax Break On Roofing Projects

By |2018-04-13T13:00:55-04:00April 13th, 2018|Categories: Business, Commercial, Construction Loans, Income, Investing, Investment Properties, Taxes|Tags: |0 Comments

Consider this: The Tax Cuts and Jobs Act offers business owners a new way to recover costs on projects including roofing projects as long as it's on a qualifying project. What is a Qualifying Project? A depreciable tangible personal property purchased to use to conduct business counts as a qualifying project. The new Tax Cuts and Jobs Act lets businesses avoid devaluation on capital investments with expected lifespans of 20 years or less. So, while some roofs may last longer that 20 years, Everyone knows the lifespan of an asphalt shingle roof is considered 20 years. Plus, the maximum investment