Investment | Paces Funding

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

22 10, 2021

7 Key Things to Know About the Current Housing Market

YSNM Support2021-10-10T21:09:14-04:00October 22nd, 2021|Categories: Investment, New Homes, Real Estate, Realtors, Selling|Tags: 7 Key Things to Know About the Current Housing Market, Cash, Homebuyers, Investors, Market, real estate, Sellers|

It's still stiff competition for homebuyers across the country as bidding wars and all-cash offers continue to price-out many in search of a new residence. In an article on current housing market conditions published by Bloomberg in late September, we found seven key takeaways and summarized them for you here. Key Takeaways Mortgage borrowers who can offer large down payments, telecommuters who can live and work from anywhere in the country, and all-cash offers from real estate investors have created the perfect storm for bidding wars—pricing-out many house hunters, and keeping renters from becoming owners. According to economists at Realtor.com,

1 04, 2021

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

YSNM Support2021-04-02T00:52:14-04:00April 1st, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Investment, Investment Properties, Remodeling Tips|Tags: Blog, Design, Flip, Flipping, Flipping a House, Flipping Houses, Home Improvement, investment property|

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

22 03, 2021

Instantly Enhance Your Kitchen Cabinets With This One Thing

YSNM Support2021-03-18T15:03:42-04:00March 22nd, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Investment, Remodeling Tips|Tags: Blog, Design, Fixtures, Flip, Home Improvement, Home Upgrades, Tips, Upgrades|

You’ve heard the real estate adage: Kitchens and baths sell houses. When it comes to renovating the kitchen in your flip you want to invest money in areas that have the greatest impact on the quality and look of your kitchen, and give you the highest return on your investment. Countertops, appliances, and cabinets are the culinary trifecta. Your cabinets help narrate the design story of your flip—whether they be a classic Shaker style, or something more ornate. You may choose to double stack your cabinets to the ceiling, or stick to a standard height. Sometimes, though, there isn’t enough

16 03, 2021

2 MORE Homeowners Association Rules You Should Know

YSNM Support2021-03-16T08:58:53-04:00March 16th, 2021|Categories: Curb Appeal, Flipping, Home Improvements, Investment, Remodeling Tips|Tags: Blog, Curb Appeal, Fix and Flip, Flip, Flipping, Flipping a House, Home Improvements|

When you’re flipping a house it’s hard to prepare for the unknown, but what you can prepare for are the rules and regulations of your community’s homeowners association (HOA). Your HOA’s ordinances are intended to help the community maintain a neat and consistent appearance. But let’s face it: they can present issues that impact your home design and the overall finished product. Educating yourself about the HOA rules in your community before you start working on your flip can help you avoid delays and frustration once work is in progress. If there are aspects of your flip that aren’t in

1 02, 2021

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

YSNM Support2021-01-16T22:05:45-05:00February 1st, 2021|Categories: Investment, Investment Properties, Selling|Tags: 2020 Trends, Blog, Buyers, Buying, Sellers, Selling, Sight-Unseen|

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

6 01, 2021

The Top 10 Housing Markets Predicted for 2021 – Countdown Part 2

YSNM Support2020-12-22T16:14:26-05:00January 6th, 2021|Categories: Flipping, Investing, Investment, Investment Properties, Investments, Potential Markets, Real Estate, Tips|Tags: 2021, Blog, Investments, Markets, Potential Markets, real estate, Real Estate Market, Tips|

House flippers, a new list published by Realtor.com forecasts the top 10 housing markets for 2021 and we’ve summarized them for you here. We countdown to what’s predicted to be the hottest housing market next year. A region that we service made the list. Let’s go. #5. Seattle, Washington With a median home price of $629,050 Seattle is predicted to be the fifth-hottest housing market in the nation in 2021. Its strong economy is boosted by employers like Amazon and Starbucks. When considering employment in the wider metro area tech giant Microsoft can’t be left out of the picture, since

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