27 06, 2021

5 Real Estate Investing Mistakes to Avoid, According to a Guru Investor

2021-06-22T06:14:39-04:00June 27th, 2021|Categories: Flipping, How To, Income, Investing|Tags: , , , , |

If you’re new to house flipping sometimes you simply may not know what you don’t know. The more you become a student of the industry, and listen to sound advice from the pros, the better your chances of success. In an April interview with Yahoo!Finance real estate agent and investor Mindy Jensen—recognized by GOBankingRates as one of Money’s Most Influential—offers some warnings and advice for novice flippers. We’ve summarized some key takeaways you should know. Flipping Mistakes to Avoid Not crunching the numbers: Make sure there is a large enough profit margin on a project so you are poised for

16 06, 2019

Why Property Investors Should Care What Millennials Think

2024-06-17T12:40:50-04:00June 16th, 2019|Categories: Income, Investing, Investment, Investment Properties, Investments, Tenants|Tags: , |

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.

25 05, 2019

Home Flippers Need To Know About Zillow Offers

2024-06-17T12:40:59-04:00May 25th, 2019|Categories: Flipping, Florida, Georgia, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Potential Markets, Real Estate, Selling|Tags: , , , |

The online real estate marketplace Zillow has just launched a new feature called “Zillow Offers,” formerly known as Zillow Instant Offers, aimed at helping seemingly impatient sellers quickly offload their homes. Zillow Offers is a faster way to sell a property and it comes with a free comparative market analysis (CMA) from a local real estate agent. Here's how it works: You answer some simple questions about your property. You let Zillow offers know if major changes have been made that aren't in the public record. Zillow sends you an offer within two business days. You have three days to

23 05, 2019

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

2024-06-17T12:41:00-04:00May 23rd, 2019|Categories: Business, Due Diligence, Foreclosures, Hard Money, Hard Money Loans, Income, Investing|Tags: , , , |

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

20 05, 2019

Palatka, FL Seeing New Investment, Increasingly Attracting Homebuyers

2024-06-17T12:41:02-04:00May 20th, 2019|Categories: Business, Flipping, Hard Money, Home Improvements, Income, Investing, Investment, Investment Properties, Investments, Potential Markets|Tags: , , , , , , |

Palatka, the county seat of Putnam County is centrally located between Jacksonville, Gainesville, St. Augustine, and Daytona Beach. A couple of years ago, the Washington Post reported that Palatka was a dying city. We're happy to report that Palatka seems to have cheated death and is now increasingly attracting home-buyers looking for less congestion. This new investment front might be an area our clients want to check out. The Palatka real estate market has notably increased, especially among first-time home-buyers and empty nesters looking to downsize. So, keep these demographics in mind when scouting for homes to flip. The average

5 05, 2019

Should You Turn Your Investment Property Into An Airbnb?

2024-06-17T12:41:10-04:00May 5th, 2019|Categories: Commercial, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Leasing Your Property|Tags: , , |

Airbnb lodging has grown at unbelievable rates since the home sharing site began in 2008. It wasn't long before many investors realized that short-term rentals might be a preferable strategy. After all, the risks that you will have to evict someone from an Airbnb is nowhere as great as the risks that you will have to evict someone from a longterm rental property. Plus, Airbnb rental units often have a much higher return. It's important to remember though that not every Airbnb unit will do well. A few factors should be considered: You will need to make sure that your

20 04, 2019

Virginia Highland: One Of Atlanta’s Most Popular Neighborhoods

2024-06-17T12:41:22-04:00April 20th, 2019|Categories: Developers, Flipping, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Short Sales, Tenants|Tags: , , , |

Virginia Highland, or simply VaHi to residents that live there, is one of Atlanta's most vibrant areas. It combines small-town charm with the perks of living in the city. Virginia Highland is found east of Ansley Park right near downtown. This neighborhood has four separate and distinct villages that are all connected into a very walkable overall neighborhood. Virginia Highland is considered one of Atlanta's most sought after neighborhoods, so if you can find an investment property in VaHi that you can either flip or turn into a rental, you'd be in luck. Some of the homes are over 100-years-old

19 04, 2019

Best Markets For Home Flippers In 2019

2024-06-17T12:41:23-04:00April 19th, 2019|Categories: Business, Commercial, Flipping, Florida, Income, Investing, Investment Properties, Tennessee|Tags: , , , , |

Two of the top markets for home flipping happen to be in our area of service for hard money loaning. Both Florida and Tennessee are among the top markets for house flippers. That means that the average time to flip, the average profit, and the average return on your investment will be best in these markets. Florida's House Flipping Market Florida has year-round warm weather and residents don't pay income tax on their earnings at the state level. One of the best cities in Florida for house flipping is in north Florida. House flippers in Jacksonville do very well, according

13 04, 2019

Home Flipping Tips From A Pro

2024-06-17T12:41:29-04:00April 13th, 2019|Categories: Hard Money, Income, Investing, Investment, Investment Properties|Tags: , , , |

Do you want home flipping tips from a pro? There's a cool interview published in Atlanta Jewish Times that gives flipping tips from pro home flipper Robyn Anshell. She is from Atlanta's Flipchic and she started out as a real estate agent. For the last two decades though, she's been a professional house flipper. She says that the best first step is to compare the comps in the neighborhood you're looking at. Don't simply rely on Zestimates to know what a home you are going to purchase to flip for a profit is worth. Its value is meaningless if its

14 09, 2018

What Qualifies As Proof Of Funds?

2024-06-17T12:42:35-04:00September 14th, 2018|Categories: Flipping, Hard Money, Income, Investing, REIs|Tags: , |

Earlier, we discussed what a Proof of Funds letter was and why people need them. So, what qualifies as Proof of Funds and where do you get them? Anywhere your liquid assets are held can provide you with a proof of funds letter. Of course, this means that your bank can provide you with a proof of funds letter to show that you have money in your account. Plus, certain credit lines or money market accounts might qualify too when the funds can be readily accessed. These institutions can also provide you with a proof of funds letter. Unfortunately if

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