Foreclosures | Paces Funding

22 12, 2024

Is Buying a Foreclosed Home Worth It?

Paces Funding2024-08-19T15:03:27-04:00December 22nd, 2024|Categories: Foreclosures, Hard Money, Hard Money Loans|Tags: Benefits of buying a foreclosed home, Buying and renovating a Foreclosed Home, Challenges of buying a foreclosed home, Financing your purchase with a hard money loan, Foreclosed Home Renovation Considerations, Home Renovation Process, Is Buying a Foreclosed Home Worth It, Renovation considerations, Understanding foreclosed homes, Weighing the pros and cons, Weighing the Pros and Cons of a Foreclosed Home|

Buying and renovating a foreclosed home can be a lucrative investment strategy. This guide explores the advantages and disadvantages of purchasing foreclosed properties, the renovation process, and why a hard money loan could be the best financing option for your investment. Is Buying a Foreclosed Home Worth It? Purchasing a foreclosed home offers significant opportunities and challenges. This guide covers the key factors you need to consider when deciding if buying a foreclosed home is worth it. This guide explains the following: Understanding foreclosed homes Benefits of buying a foreclosed home Challenges of buying a foreclosed home Renovation considerations Financing

14 12, 2024

How to Navigate the Foreclosure Market

Paces Funding2024-08-19T14:57:29-04:00December 14th, 2024|Categories: Foreclosures, How To, Real Estate|Tags: Benefits of buying foreclosed properties, Evaluating foreclosed properties, Finding foreclosed homes, How to Navigate the Foreclosure Market, Navigating the Foreclosure Market, Risks and considerations, The buying process, Understanding foreclosures|

Navigating the foreclosure market can offer real estate investors opportunities to find great deals on properties. This guide provides strategies for identifying, purchasing, and investing in foreclosed homes. How to Navigate the Foreclosure Market Understanding the foreclosure market and knowing where to look can help you find excellent investment opportunities. This guide covers the essentials of navigating the foreclosure market. This guide explains the following: Understanding foreclosures Benefits of buying foreclosed properties Finding foreclosed homes Evaluating foreclosed properties The buying process Risks and considerations Here’s a closer look at each. Understanding Foreclosures A foreclosure occurs when a homeowner fails to

16 12, 2021

3 Simple Ways to Find Distressed Properties

Paces Funding2024-01-09T17:20:07-05:00December 16th, 2021|Categories: Foreclosures, Real Estate, Tax Foreclosures, Tips|Tags: 3 Simple Ways to Find Distressed Properties, Bank-Owned Property, Finding Distressed Properties, Property|

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

6 12, 2021

What is a Distressed Property?

Paces Funding2021-12-21T05:25:26-05:00December 6th, 2021|Categories: Foreclosures, Real Estate|Tags: distressed properties, Foreclosures, Property|

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.

11 09, 2020

Texas Flipper Discovers 40K Gallon Pool Beneath Backyard Junk at Hoarder House

Paces Funding2020-09-13T23:06:08-04:00September 11th, 2020|Categories: Cleaning, Flipping, Foreclosures, Investment, Investment Properties|Tags: Blog, Fix and Flip, Flip, Flipping, Interesting, News, News Story|

When 35-year-old house flipper John Reynolds purchased a dilapidated property just weeks before it was slated for demolition he had no idea that the end result would be enough to make his head swim. The 1950s home had been owned by a hoarder for 20 years, and it sat vacant for more than a year after the homeowner had passed away. Reynolds purchased the property from the local county authority for $20,000. While his primary focus was on the inside of the home he noted that something was off about the backyard, aside from the fact that it was wildly

3 06, 2019

Do You Have Different Exit Strategies For That Investment Property You’re Eyeing?

Paces Funding2024-06-17T12:40:55-04:00June 3rd, 2019|Categories: Due Diligence, Flipping, Foreclosures, Hard Money, Hard Money Loans, Home Improvements, Investing, Investment, Investment Properties, Investments|Tags: exit strategies, House Flipping, Rental Units, renting|

When flipping a house, your end goal is to make a comfortable profit, but sometimes things happen that are outside of your control. You will still need to plan for these things. That sometimes means having a different exit strategy than simply selling the house for a large profit quickly. If you aren't guaranteed a profit, will you choose another route? Do you have alternate exit strategies planned? Here are some things that could happen that could affect your plans to flip a house quickly at a profit: The economy could change. Financing rules could be changed. The market could

23 05, 2019

Bigger Pockets Suggests Hard Money Lenders As Great Source Of Funding For House Flippers Starting Out

Paces Funding2024-06-17T12:41:00-04:00May 23rd, 2019|Categories: Business, Due Diligence, Foreclosures, Hard Money, Hard Money Loans, Income, Investing|Tags: days on the market, Hard Money Loans, ROI, Taxes|

Bigger Pockets is a huge online resource that helps ordinary people build wealth through real estate. It's an incredibly popular resource because of it's free tools and information. Bigger Pockets recently suggested that hard money lenders like Paces Funding, is a great source of funding for home flippers for investors who know they can flip a home quickly. Check out what the article said. Here's an excerpt. "This source of OPM can be especially useful if the house you are flipping can be completed in a very short period of time. Like any other kind of loan, the shorter you

4 04, 2019

Flipping Homes Is More Popular Than Ever – Market Share Surpasses 2006!

Paces Funding2024-06-17T12:41:34-04:00April 4th, 2019|Categories: Foreclosures, Hard Money, Home Improvements, Investment, Investment Properties, Investments, Rehab Loans|Tags: adding value to a home, home flipping trends, home repair, House Flipping, owner occupied|

Home flipping sure isn't the same as it used to be, but it's also more popular than ever. See, there are more home flippers out there than almost ever before, according to research from CoreLogic, but today's home flippers are holding onto properties for longer. Interestingly, home flippers are holding into homes for longer in part so that it can be considered owner-occupied and eligible for capital gains exceptions. Obviously, you can only occupy one home as your primary residence, but this trend is adding to the flipping scene. In the last quarter of last year, home flipping accounted for

24 02, 2019

Check Downspouts & Gutter When You Buy A New Rental House

Paces Funding2024-06-17T12:41:42-04:00February 24th, 2019|Categories: Construction Loans, Foreclosures, Home Improvements, Home Upgrades, Investment Properties, Leases, Leasing Your Property, Rehab Loans, Remodeling Tips, Short Sales, Tenants|Tags: clogged gutters, DIY projects, downspouts, gutters, Landlords, protecting your foundation, rentals, renting your property, water in the basement|

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

20 02, 2019

A Basement Water Alarm That Can Alert You To Water In The Basement Of A Rental

Paces Funding2024-06-17T12:41:43-04:00February 20th, 2019|Categories: Foreclosures, Hard Money, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Short Sales, Tenants|

If you have a rental home, you have to be proactive to protect your investment. You can't rely on tenants to tell you when something is up. Too many times, if it doesn't pertain to them, they won't inform you of problems at your rental house. Many people have basement water alarms and sensors that alert them to water in their basements. These work perfectly, because they get alerted, and then fix the problem and save their belongings. These don't work as well for landlords, because sometimes tenants will avoid disclosing issues in your home in order to prevent you

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