Investing | Paces Funding

1 06, 2022

Should You Buy a Fixer-Upper and Turn it Into an Airbnb?

YSNM Support2022-05-26T19:04:25-04:00June 1st, 2022|Categories: Investing, Investment, Investment Properties, Real Estate|Tags: Fixer-Upper and Turn it Into an Airbnb, Should You Buy a Fixer-Upper and Turn it Into an Airbnb|

For many investors, a great strategy is to buy a fixer-upper, put in the work, and then rent the property out as a short-term rental using a service such as Airbnb. But could that be a good plan for you? This guide explains. Should You Buy a Fixer-Upper and Turn it Into an Airbnb? Buying a fixer-upper is a great idea, especially if you have: the time to put into fixing it up the money for repairs and renovations the patience to see the project through from start to finish If you do buy a fixer-upper and get it ready

27 05, 2022

5 Great Books for New Real Estate Investors

YSNM Support2022-05-26T18:54:26-04:00May 27th, 2022|Categories: Investing, Investment Properties, Real Estate|Tags: 5 Great Books for New Real Estate Investors, Great Books for New Real Estate Investors, Real Estate Investors Books, Rich Dad Poor Dad, The 4-Hour Work Week, The Automatic Millionaire, The Millionaire Real Estate Investor, Your Money or Your Life|

As a new real estate investor - possibly one who's looking at hard money loans as an option - you're probably searching through all the resources you can find to help launch your business. Check out these five great books for new real estate investors that you may find useful. The Millionaire Real Estate Investor by Gary Keller The Automatic Millionaire by David Bach Your Money or Your Life by Vicki Robin and Joe Dominguez Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Work Week by Tim Ferriss Here's a closer look at each. Book #1 for New Real

27 03, 2022

What Are the Requirements for a Hard Money Loan?

YSNM Support2022-03-12T21:04:32-05:00March 27th, 2022|Categories: Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments|Tags: Adequate Documentation, Down Payment, hard money loan, Hard Money Requirement, Overall Financial Strength|

If you are an investor who needs to borrow hard money, and you've never done it before, you're most likely wondering what the requirements are to take out this type of a loan. This guide explains the requirements for a hard money loan so you understand the basics before you get in touch with the lender. What Are the Requirements for a Hard Money Loan? First things first: a hard money loan is a short term loan that typically offers a higher interest rate than a conventional mortgage would. Many investors use these types of loans to purchase properties at

16 03, 2022

Are There Downsides to Hard Money Loans?

YSNM Support2022-03-12T20:57:11-05:00March 16th, 2022|Categories: Hard Money, Hard Money Loans, Investing, Investment, Loan|Tags: Downsides to Hard Money Loans|

If you are like many people, you've heard of hard money loans before – but what are they, and are there any downsides to using one? This guide explains whether there are downsides to hard money loans and what you should be aware of if you're considering borrowing with one. Are There Downsides to Hard Money Loans? Generally, the downsides to hard money loans are only downsides for people who aren't real estate investors. They include the costs associated with borrowing hard money, as well as the shorter repayment period. Here is a closer look at each. Costs of Hard

11 03, 2022

Are Hard Money Loans a Good Idea?

YSNM Support2022-02-27T03:05:33-05:00March 11th, 2022|Categories: Hard Money Loans, Investing, Investment, Investment Properties, Investments, Real Estate|Tags: hard money loan, Investors, Real Estate Investing|

If you're a real estate investor, a hard money loan may be a great idea for you. However, these loans aren't right for everyone. In fact, they aren't even right for all investors. This guide explains whether hard money loans are a good idea, and in which situations they can work in your favor. Are Hard Money Loans a Good Idea? Hard money loans are only a good idea if you need to borrow money for a very short period of time, you're willing to spend more than average on interest, and you need to borrow on the after repair

6 03, 2022

Who Should Use a Hard Money Loan?

YSNM Support2022-02-27T03:02:46-05:00March 6th, 2022|Categories: Hard Money Loans, Investing, Investment, Investment Properties|Tags: hard money loan, Investors|

There's a good chance that you've heard of hard money loans, but who are they for, and why do they work for some people and not others? This guide explains. Who Should Use a Hard Money Loan? There are generally two types of people for whom hard money loans work the best: investors and those who have been rejected by banks. Here's a closer look at each. Hard Money Loans for Investors Generally, people who intend to purchase a home at a low price, fix it up and then sell it at a higher price are great candidates for hard

1 03, 2022

Hard Money Loan Down Payment Requirements

YSNM Support2022-02-27T03:00:09-05:00March 1st, 2022|Categories: Down Payment, Hard Money Loans, Interest, Investing, Investment, Investment Properties|Tags: After-Repair Value, Down Payment, hard money loan, Investing|

Although hard money loans are very different from conventional loans, there's a good chance that you'll need to put down a down payment in order to borrow from a hard money lender. This guide explains hard money loan down payment requirements and how they affect your ability to borrow. How Much Money Do You Need to Put Down on a Hard Money Loan? Most hard money lenders require you to put down 10 percent of a home’s after repair value as a down payment. However, every situation is different, and you should talk to a hard money lender about your

27 02, 2022

How Does a Hard Money Loan Work?

YSNM Support2022-02-27T02:56:35-05:00February 27th, 2022|Categories: Hard Money Loans, Interest, Investing, Investment, Investment Properties, Investments, Loan, Real Estate|Tags: hard money loan, Investing, Investor, Invetment Property|

If you're like many investors, you've heard of hard money loans. But how do they work, and could one of them be right for you? This guide explains. How Does a Hard Money Loan Work? Money loans work a lot like regular loans do, but there are some key differences. First, you can get the cash from a hard money loan much more quickly than you could if you were to borrow from a traditional lender. Additionally, your interest rate will likely be a little higher, and you'll have to repay the loan much faster than you'd have to repay

11 10, 2021

Before Your Next Renovation Be Sure to Avoid These 3 Mistakes

YSNM Support2021-09-23T06:31:44-04:00October 11th, 2021|Categories: Flipping, Investing, Real Estate, Tips|Tags: Flipping Home Mistakes, Holidays, Planing a Budget, Pre-laying Tile, Renovations|

For house flippers each renovation project presents a different set of experiences and challenges, and even flippers who have several projects under their belts can make mistakes that result in major setbacks. Read carefully so you can avoid some of these pitfalls. Not Planning a Budget When setting your budget, if you rely on using estimations and ballpark figures you’re very likely to spend lots more than if you took time to plan out a more specific budget for each portion of your flip. Having a detailed budget can help you reallocate funds in case you want to spend a little

27 06, 2021

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

YSNM Support2021-06-22T06:14:39-04:00June 27th, 2021|Categories: Flipping, How To, Income, Investing|Tags: Flipping Home Mistakes, Liking Property too Much, Not Crunching Numbers, Not having Exit Strategy, Not Well Funded|

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

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