/Investment Properties
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

14 08, 2018

Recognizing Big Problems With Distressed Properties

By |2018-08-14T16:47:05+00:00August 14th, 2018|Categories: Due Diligence, Flipping, Foreclosures, Investment Properties, Investments, Remodeling Tips|Tags: |0 Comments

Sometimes distressed properties sold "As-is" come with some major problems. Do you know how to recognize them? If you intend to invest in a distressed property, these are important issues that you need to know about. Head into the bathroom. Bounce a little on the floor near the sink, tub and toilet. Is there any give? That can be a major indicator of water damage! Grab a high powered flashlights and check underneath the floor if possible. Look for stained wood or joists. Find out when and why that damage occurred and get your answers in writing if you can!

13 08, 2018

With An Out-Of-State LLC, You’ll Need A Registered Agent

By |2018-08-13T18:28:29+00:00August 13th, 2018|Categories: Business, Investing, Investment, Investment Properties, Investments, Lawyers, Real Estate, Taxes|0 Comments

If you live in a state that is a bit unfriendly to small businesses, you might have considered just forming your LLC in a state that isn't. Investors do this frequently. Here's the thing though: If you intend to form your LLC in a state that is more friendly to small businesses like small real estate investment companies, you will need a registered agent. That's your legal obligation. What does that mean? Well, if your LLC is registered in another state, you have to have someone in that state to handle all of your LLC's legal and tax documents, and

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

30 07, 2018

Allowing Pets on Your Rental Property

By |2018-07-29T23:11:38+00:00July 30th, 2018|Categories: Income, Investment Properties, Tenants|Tags: , , |0 Comments

When you advertise your rental property as "no pets allowed," you run the risk of eliminating many renters. Allowing pets makes for a larger prospective pool of renters. Plus, a majority of those renters with pets actually make more money on average. According to Practical Apartment Management, by Edward Kelly, more than six out of ten pet owners earn over $50,000 a year. On top of that, since it is hard for tenants to find different places to live that accept pets, when they find a rental home that allows pets, they usually stay longer. Plus if you do allow

29 07, 2018

Community Gardens For Rental Tenants

By |2018-07-29T21:21:32+00:00July 29th, 2018|Categories: Income, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: , |0 Comments

One very progressive concept some landlords across the nation have committed to is community gardens run by and for the tenants. One of the dreams behind home ownership these days is the satisfaction of growing your own vegetables. As a landlord, you can help tenants who are far from the goal of home ownership find some satisfaction by installing some raised beds for participating tenants to use as a community garden. The only effort you technically need to put forth is arranging the agreement of this co-op and installing the raised beds. The tenant do the rest. A garden might

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

17 07, 2018

Investors: Have You Heard Of Rent Auctions?

By |2018-07-16T22:37:07+00:00July 17th, 2018|Categories: Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: , |0 Comments

  If you own rental properties, you've got to hear about this latest concept: Rent Auctions. Typically, you check comparable rental units in the area, check market reports and do your best job at setting the price of rent in your rental units. Right? Then, you advertise the rental unit for the price that you think is the most accurate rate. Consider this though. One South African start up company began a rental listing and management service. Instead of just declaring the rent, landlords have the option t o allow potential tenants to bid on the opportunity to rent a