27 02, 2022

How Does a Hard Money Loan Work?

2022-02-27T02:56:35-05:00February 27th, 2022|Categories: Hard Money Loans, Interest, Investing, Investment, Investment Properties, Investments, Loan, Real Estate|Tags: , , , |

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

1 09, 2021

Why Should You Shop Around for a Contractor?

2021-08-11T19:57:30-04:00September 1st, 2021|Categories: Investment Properties, Tips, Working With Contractors|Tags: , |

As a real estate investor, your job is to make the best possible profit from the properties you purchase, renovate and sell – and that means it’s in your best interest to shop around for contractors. But everyone says that; what they don’t tell you is why. This guide explains. Why Should You Shop Around for a Contractor? Shopping around for contractors, even for small jobs, pays off in the end. If you’re unfamiliar with what a job should cost, it’s a no-brainer: You should contact at least three contractors to get price quotes. And even if you are familiar

11 08, 2021

3 Common Questions About Hard Money Loans

2021-08-11T19:37:08-04:00August 11th, 2021|Categories: Hard Money Loans, Investment Properties|Tags: , , , |

If you’re like most people, you’ve heard of hard money loans – but what are they, exactly, and could you use one to purchase an investment property? This guide explains. 3 Common Questions About Hard Money Loans Hard money loans are ideal for many investors, but if you’ve never explored your options before, you likely have more than a few questions about them. This guide addresses the top three: How long does it take to get a hard money loan? How long do I have before I have to repay a hard money loan? Can I use the money to

1 07, 2021

2 Things Your Homeowners Association Can’t Do

2021-06-29T18:01:13-04:00July 1st, 2021|Categories: Flipping, Investment Properties, Real Estate, Tips|Tags: , , , |

Flipping a house can be a financially rewarding venture, but it can also be full of unknowns and questions. Will there be hardwoods beneath the orange shag carpet? Will you uncover termite damage behind the drywall? Is the wall between the kitchen and the living room load-bearing? Should you expand the master bath to include a separate tub and shower? We could go on. Although flips can come with many unknowns that are difficult to anticipate what you can prepare for are the rules and regulations of your community’s homeowners association (HOA). HOA ordinances are intended to help the neighborhood

1 04, 2021

2 Home Design Trends to Consider for Your Flip, According to Etsy Foot Traffic

2021-04-02T00:52:14-04:00April 1st, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Investment, Investment Properties, Remodeling Tips|Tags: , , , , , , , |

If you're keeping an eye open for what's new in home design trends this year check out these patterns spotted by Etsy, as reported by Apartment Therapy—a home and décor site. Travertine Is a Thing Etsy user searches for "travertine items" increased by over 200 percent, the e-commerce company said late this month. Shoppers were particularly interested in tables that included this classic stone. Apartment Therapy’s theory for the reason for the spike is the increased popularity of warm minimalism, a decorating style that began to trend last fall and is rooted in creating calm and soothing interior spaces using earthy

27 03, 2021

Thinking of Adding a Sunroom to Your Flip? 3 Things You Should Know

2021-03-28T10:25:39-04:00March 27th, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Investment Properties, Investments|Tags: , , , , , , , |

Sunrooms are bonus spaces that can appeal to potential buyers and help raise the value of your flip. These glass-enclosed living areas, which are typically attached behind homes, can be used for relaxation and entertainment and can connect your homebuyer to the outdoors while protecting them from the elements. Your buyer can have a front-row seat to all of the seasons from within the comfort of their home and enjoy the beaming sun of summer, the flutter of gold, red, and burgundy fall leaves, the beauty of freshly fallen snow, and the reemergence of flowers and greenery in the spring. If

11 03, 2021

More Homeowners Association Rules You Need to Know

2021-03-09T09:01:38-05:00March 11th, 2021|Categories: Curb Appeal, Flipping, Home Improvements, Home Upgrades, Investment Properties, Tips|Tags: , , , , , , , , , |

A quality renovation can produce a high-end product that brings in a hefty profit. But let’s be real: flipping a house isn’t easy—it can be full of risks and unknowns. Will you uncover termite damage beneath the floor boards? Do the soffits in the kitchen above the cabinets contain ductwork, or are they simply filling the gap between the cabinets and the ceiling? Is the pool in good condition, or will it need to be resurfaced? Although flips can come with many unknowns what you can prepare for are the rules and regulations of your community’s homeowners association (HOA). While

6 03, 2021

Homeowners Association Noise Ordinances: What You Should Know

2021-03-04T14:22:09-05:00March 6th, 2021|Categories: Developers, Flipping, Home Improvements, Home Upgrades, Investment Properties, Remodeling Tips|Tags: , , , , , , |

Flipping a house is a challenging endeavor that can be full of unknowns and questions. Will there be hardwoods beneath the grungy shag carpet? Is the wall between the kitchen and the living room load-bearing? Will you uncover water damage when you gut the kitchen or bath? Should you lay sod, or is there time to seed the landscape and get a lush lawn before you put your home on the market? Aside from questions like these there may be other unexpected issues that could impact the success of your project. Although you can’t foresee every challenge you can educate

11 02, 2021

Have You Considered Heated Driveways for Your Flip?

2021-02-15T15:10:08-05:00February 11th, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Investment Properties, Remodeling Tips, Tips|Tags: , , , , , |

Although many of your projects may be located in southeastern parts of the country, where the prospect of snow is less likely than in other areas, states in that region do see snow. In North Carolina, for instance, the capital city of Raleigh averages 7.5 inches of snow a year, Charlotte gets about 6.5 inches each winter, and the northwestern town of Boone averages about 35 inches of snow annually. Those figures don’t account for extreme weather. Just last year in mid-December a nor’easter threatened states from North Carolina to Maine, dropping ice in many parts of the Tar Heel

1 02, 2021

Most Homebuyers Made Offers Site-Unseen in 2020, According to Redfin

2021-01-16T22:05:45-05:00February 1st, 2021|Categories: Investment, Investment Properties, Selling|Tags: , , , , , , |

House flippers, you may receive an increasing number of offers on your properties from out-of-state buyers. A record 63 percent of homebuyers made offers on a property last year without actually seeing them in person, Redfin reports. That’s an increase of 31 percent over November 2019. Redfin surveyed over 1,900 homebuyers across 32 major markets during the months of November and December, and in mid-January, said sight-unseen offers have never been more popular since it first began collecting data of this nature five years ago. The surge is due to an increase in virtual home tours as a result of

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