/Home Improvements
5 12, 2018

How Much Effort Should You Put Into A Bathroom When House Flipping?

By |2018-12-05T14:03:46+00:00December 5th, 2018|Categories: Flipping, Hard Money, Home Improvements, Home Upgrades, Investment Properties|Tags: , |0 Comments

House flipping is all about fixing and reselling a house fast. So, the idea of a complete bathroom remodel is daunting. Should you do it? You may assume that a full bathroom remodel will sell the house faster, but realtors report that it's not usually the case. Assuming the bathroom is functional, what efforts really result in a return on the investment when it comes to bathrooms? Remember, when flipping houses, time is also an important factor! The truth is that relatively inexpensive changes to bathrooms are usually enough to help sell that property and bring a return on your

26 11, 2018

Do You Have The Skills To Create Enough Sweat Equity From Flipping Houses?

By |2018-11-24T09:34:16+00:00November 26th, 2018|Categories: Flipping, Hard Money, Home Improvements, Investment Properties, Investments, Tax Foreclosures|Tags: , , |0 Comments

Are you thinking about flipping houses professionally without existing wealth? The real cash in flipping houses comes from sweat equity. That's while you'll see professional builders, carpenters, and other handy skilled tradesmen in the house flipping business doing well for themselves. These people know enough about home repairs and renovations to create the sweat equity to make flipping houses profitable. Often you will find skilled tradesmen who flip houses during the winter when they are out of work for the season. This helps contribute to an annual income, because the unemployment checks certainly won't cover all their family expenses. Oftentimes,

25 11, 2018

Number One House Flipping Mistake New Investors Make

By |2018-11-24T09:16:50+00:00November 25th, 2018|Categories: Flipping, Hard Money, Home Improvements, Investing, Investment, Investment Properties|Tags: |0 Comments

Flipping houses is an expensive proposition. It's usually reserved for the wealthy or the bod, because there are risks involved. The number one most common mistake investors make while trying to flip a house is running out of money. Keep in mind, even though interest on borrowed money is tax deductible, typical interests rates are rising, so making a profit can be harder than it used to be with traditional funding sources. Though your profits will vary, the average gross profit from house flipping is $65,520 per house. Remember though, that's gross profit, not net profit. Too many times, house flippers

2 10, 2018

Issues To Look Out For With Distressed Properties

By |2018-10-02T12:51:43+00:00October 2nd, 2018|Categories: Flipping, Foreclosures, Home Improvements, Investment Properties|Tags: |0 Comments

Distressed properties are often purchased in "as is" condition. The seller doesn't offer any kind of warrant. Of course, you know that you should beware of properties like these. Still, distressed properties for sale often have a huge potential for making a profit. So, if you decide to purchase a distressed property, just be aware of some hidden problems. Keep a close eye out for termites and carpenter ants. Even if they're long gone, they may have left behind enough damage to be a serious issue. Look for rotten wood, obviously. But also check for thin tubes of mud and

16 09, 2018

Immediate Action When Presented With Ice Dam

By |2018-09-15T12:48:27+00:00September 16th, 2018|Categories: Home Improvements, Investment Properties|Tags: |0 Comments

If you've found that one of your rental properties has an ice dam, you should take immediate action. First, remove the snow from that area of the roof, because it will remove one of the important ingredients for the formation of an ice dam. You can use a roof rake for this, but keep in mind it may damage the roofing materials. If water is literally flowing into the structure, you will need to deal with this immediately. Make channels through the ice dam lets the water stuck behind the dam to run off the roof. Warm up the ice

15 09, 2018

Well Water Maintenance You Can Probably Do Yourself

By |2018-09-15T12:37:18+00:00September 15th, 2018|Categories: Flipping, Home Improvements, Home Upgrades|Tags: |0 Comments

If you manage properties with water supplied by wells, there may be some well maintenance that you can do on your own. If you do regular maintenance, you may save yourself unnecessary repairs if you notice an element isn't working as well as it should. If you wait until it's broken, it may be significantly more costly. So, here's one of the main things you can do to save yourself time and money. Maintenance on the Pressure Switch You can find the pressure switch near the bottom of your pressure tank. This needs periodic maintenance, and without it, it's the

10 09, 2018

Mandatory Construction Codes In Georgia

By |2018-09-10T20:20:38+00:00September 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

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

7 05, 2018

Houses With Solar Panels Sell For Up To 40% More Than Predicted

By |2018-05-07T13:00:27+00:00May 7th, 2018|Categories: Curb Appeal, Home Improvements, Home Upgrades, Investment, Investment Properties, Investments|Tags: , |0 Comments

If you're in the house-flipping business, you should know that people are willing to pay a lot more for a house with solar panels. Actually, first-time home buyers pay up to 40 percent more than predicted for entry-level homes with solar panels. Most of this stems from millennials yearning for greener amenities. They know that solar panels will save money in the long run. They find it advantageous not to have to have them installed. If they're ready to go when they move in, their energy bills go down right away. In sunny states, many homeowners can even sell off

21 04, 2018

Need A Fast Growing Shade Tree For Your Rental Property?

By |2018-04-21T19:49:01+00:00April 21st, 2018|Categories: Home Improvements, Investment Properties, Leasing Your Property|Tags: , |0 Comments

If you maintain rental properties, knowing which trees grow well and quickly can help increase the value of the property faster. Plus, a little planning can help lower the time you invest in property maintenance. The paper birch is one of the most beautiful and fastest growing shade trees you can plant in North Carolina. It doesn't require watering unless there is a serious drought. It also needs no special care. Plus, people find them intriguing and children love them. Winged elm trees grow extremely fast and only require watering during times of drought. It also has a distinctive look