Investment | Paces Funding

16 04, 2022

3 Surefire Ways to Spot a Distressed Property

Paces Funding2022-04-01T02:45:51-04:00April 16th, 2022|Categories: Investment, Investment Properties, Investments|Tags: 3 Surefire Ways to Spot a Distressed Property, Distressed Property, Ways to Spot a Distressed Property|

As a real estate investor, it's in your best interest to keep your eyes open for distressed properties. Here are three ways to spot one. 3 Surefire Ways to Spot a Distressed Property If you are like most investors, you're always on the lookout for a great opportunity. Check out these three surefire ways to spot a distressed property: Check property tax records Network with probate lawyers Cruise around town Here's a closer look at each. Tip #1 for Spotting Distressed Properties: Check Property Tax Records Property tax records are generally public information, and you can usually find them on

11 04, 2022

Are Short-Term Rentals Profitable?

Paces Funding2022-04-01T02:41:31-04:00April 11th, 2022|Categories: Investment, Investment Properties, Investments|Tags: Are Short-Term Rentals Profitable, Short-Term Rentals, Short-Term Rentals Profitable|

If you're a real estate investor who's having a tough time filling a property, should you look at the short term rental market? here's what you need to know. Are Short-Term Rentals Profitable? Short term rentals can be profitable, but they're not a permanent solution for many investors. However, in some areas, it does make sense to use a property for short term rentals only. For example, if the property is in an exciting vacation destination, a metropolitan area, or near a big attraction, it may make sense to rent it out one week (or one weekend) at a time.

6 04, 2022

Who Do You Need on Your Investment Dream Team?

Paces Funding2022-04-01T02:35:20-04:00April 6th, 2022|Categories: Investment, Investment Properties, Investments|Tags: Investment Dream Team, Need for an Investment Team, Property Investment Dream Team, Property Investment Team, Who Do You Need on Your Investment Dream Team|

If you're getting into real estate investing, you know that you need a dream team. But who should be on it? This guide explains. Who Do You Need on Your Investment Dream Team? As a new real estate investor, you'll probably read multiple sources that say you need a “dream team.” these are the members you need to get a good start: Lender Real estate agent Property manager General contractor Accountant Here’s a closer look at each. Dream Team Member #1: A Reliable Lender Every investor needs a good source of funding, so it's a good idea to get to

1 04, 2022

Should You Invest in a Multifamily Property?

Paces Funding2022-04-01T02:30:53-04:00April 1st, 2022|Categories: Investment, Investment Properties, Investments|Tags: Invest in a Multifamily Property, Multifamily Property Investment, Should You Invest in a Multifamily Property|

If you're like many investors, you've considered purchasing a multifamily property. But is it right for you? Should You Invest in a Multifamily Property? Many investors wonder whether they should invest in a multifamily property or a single-family home. Although there's no one size fits all answer, a multifamily property may be the right choice for you. These types of properties often carry several advantages, including: More income Scalability Lower risk Here’s a closer look at each. Benefit #1 of Owning a Multifamily Property: More Income A multifamily property has the potential to let you bring in two, three, four

27 03, 2022

What Are the Requirements for a Hard Money Loan?

Paces Funding2022-03-12T21:04:32-05:00March 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?

Paces Funding2022-03-12T20:57:11-05:00March 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?

Paces Funding2022-02-27T03:05:33-05:00March 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?

Paces Funding2022-02-27T03:02:46-05:00March 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

Paces Funding2022-02-27T03:00:09-05:00March 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?

Paces Funding2022-02-27T02:56:35-05:00February 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

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