/Hard Money

Hard Money lender in lending money in the Atlanta , GA as well as Florida and North Carolina

16 08, 2018

Would You Ever Make An Offer On A Property Without Actually Seeing It?

By |2018-08-15T14:55:17+00:00August 16th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties|0 Comments

If you're a property investor, making an offer without ever seeing the property can actually be a good idea sometimes. Now, this isn't to suggest that you should close on a property without stepping foot on it. Some smart investors do make offers without ever seeing the property though. It might seem crazy, but it makes sense when you think about it. Consider the amount of time it can take to schedule a viewing of a property you are considering. How often has your offer changed just because you've actually been in the home? A little digging and you can

15 08, 2018

Quick Tips For Getting Your Offer Accepted

By |2018-08-15T14:42:11+00:00August 15th, 2018|Categories: Commercial, Flipping, Foreclosures, Hard Money, Investing, Investment, Investment Properties, Short Sales|0 Comments

There really are tricks to getting your offer accepted over someone else's offer. You just need to know how to structure the deal. Obviously, proof of funds and pre-approvals for any loans you will get are critically important to a seller choosing your offer. Many won't even entertain an offer without them. Also, remember that to some people, the terms are even more important than the actual money. Your offer might be higher in actual dollars, but if your offer has more complicated terms, they might just pass on you. Don't create extra issues. Try to meet the sellers on

14 08, 2018

For An Out-Of-State LLC, Be Careful Claiming Dual Residency

By |2018-08-13T22:19:07+00:00August 14th, 2018|Categories: Business, Hard Money, Investing, Investment, Investment Properties, Investments|Tags: , |0 Comments

So, yesterday, we discussed how some investors try to form an LLC in another state, because some states are just not small business friendly. Right? We cautioned you that if you want to form an LLC in another state, that you will need to get a registered agent who is a resident of that state to help you. That is with few exceptions. The logical next question you are probably asking yourself is about dual residency. Right? Well, you actually can be your own agent, but make absolutely sure that you can both meet the state's requirements and fulfill your

8 08, 2018
  • Investingin a historic home as a rental property.

Should You Invest In A Historic Home?

By |2018-08-08T12:09:29+00:00August 8th, 2018|Categories: Hard Money, Hard Money Loans, Investment, Investment Properties, Investments, Leasing Your Property, Tenants|0 Comments

Historic homes offer significant ambiance and beauty. Obviously there are downsides. The natural materials mean more maintenance. Depending on the time period in which the historic home was built, it could also feature hazards like asbestos or lead paint making DIY repairs a little more risky. Additionally, if the home is located in a historic district, you'll face limitations as to what kinds of upgrades you can even make. Sometimes, even window upgrades are restricted which means that your tenants may face higher heating bills. Still, people who are interested in living in historic homes generally expect that challenge. To

24 07, 2018

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

By |2018-07-24T16:10:26+00:00July 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

13 07, 2018

You Control The Value Of Your Multifamily Real Estate

By |2018-07-13T12:58:33+00:00July 13th, 2018|Categories: Hard Money, Investing, Investment Properties, Investments, Leases|Tags: , , |0 Comments

When you have a rental property, especially a multifamily rental property with five or more units, the value of the property is actually based on the income that its able to produce. The wonderful thing about investing in rental properties is that you do have some control over this value. See, you are in control of the income and even the expense of the property. When you first purchase an existing multifamily rental property, you can negotiate better prices for many services. Sometimes, you can install supplementary income generators like coin-laundry or services. You can look at rent and determine

12 07, 2018

How A Cost Segregation Study Helps Real Estate Investors

By |2018-07-12T23:02:24+00:00July 12th, 2018|Categories: Hard Money, Income, Investing, Investment, New Home Development, Real Estate, Taxes|Tags: , , |0 Comments

A cost segregation study can identify and reclassify your property, with the benefit of shortening the property's depreciation time. What happens when the property's depreciation time is reduced, as you probably know, is that your current income tax obligations also reduce. Using this tool, the IRS allows to to speed up the depreciation on certain things such as carpet or cabinets, and even light fixtures and flooring in a building. That way, you can enjoy tax savings sooner! So why doesn't everyone do a cost segregation? Well, the cost of it is not cheap. So, only investors with significant property

30 06, 2018

Up-To-Date Housing Trends For Nashville, Tennessee

By |2018-07-10T10:54:05+00:00June 30th, 2018|Categories: Hard Money, Investing, Investment Properties|Tags: |0 Comments

Are you a real estate investor curious about housing trends for Nashville, Tennessee? Nashville's a great city and we do provide hard money loans for qualified investment properties in Nashville. The latest data about Nashville housing trends is in. Here are the basics that you need to know about if you're looking for investment properties in Nashville. According to the most up-to-date housing trends for Nashville, the median sales price for homes in Nashville was $315,000. This analysis was based on 2,021 home sales in the city. The average price per square foot for a home in Nashville was $211.

29 06, 2018

Up-To-Date Housing Trends For Atlanta, Georgia

By |2018-07-10T10:55:30+00:00June 29th, 2018|Categories: Developers, Flipping, Hard Money, Investing, Investment Properties, Leases, Leasing Your Property|Tags: |0 Comments

According to current housing trends for Atlanta, Georgia and the surrounding areas, the Atlanta-Sandy Springs-Marietta metro area is one of thethe 20 best housing markets for investors in 2018. Actually, the Atlanta-Sandy Springs-Marietta metro area is currently considered the seventh best housing market for investors in 2018. Key metrics that helped the greater Atlanta metro area and surrounding cities ranked seventh on the list include the following: The average home price for the Atlanta-Sandy Springs-Marietta metro area is $234,249. A 3-year population growth rate of 4.9% is reported for the Atlanta-Sandy Springs-Marietta metro area. The 2-year job growth rate Atlanta-Sandy Springs-Marietta metro area is

24 06, 2018

NCDOR Directive For Real Property And Real Property Contract Retail Sales Tax

By |2018-06-24T15:00:40+00:00June 24th, 2018|Categories: Hard Money|Tags: , |0 Comments

The NCDOR has published a directive clarifying what services relating to real property are subjected to sales and use tax. It addresses North Carolina General Statute § 105-164.4H. The statute says that services to real property are actually to be considered retail sales and subject to sales and use tax unless the service is subject to a tax as a real property contract, as a mixed transaction contract, or is otherwise exempt from sales and use tax. Still, it specifies that all all receipts are subject to the retail sales tax unless it's separately established otherwise by proper records. The “real property