Leasing Your Property | Paces Funding

17 01, 2019

Going Green As A Real Estate Investor And Landlord

Paces Funding2024-06-17T12:41:53-04:00January 17th, 2019|Categories: Hard Money, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Leases, Leasing Your Property, Tenants|Tags: composting, green renting, green roof, rain water collection|

Did you know that as a landlord you can actively employ green spaces to increase retention rates, competitiveness, property value and a sense of community? We recently discussed how community gardens in multifamily units are amenities that can set your rental property apart from the competition. If opting to include green spaces like a community garden or adding a green roof instead of a traditional roof, you will need to establish some ground rules, of course. Establishing Ground Rules For Green Spaces On Rental Units Generally, people interested in community gardens will want to avoid pesticides. Part of the allure

16 01, 2019

Creating Gardens As An Amenity For Your Rental Property

Paces Funding2024-06-17T12:41:55-04:00January 16th, 2019|Categories: Developers, Hard Money, Investing, Investment, Leasing Your Property|Tags: apartment amenities, Green landlords, Leasing amenities|

Whether your rental property is a duplex, a single-family home, or an apartment building, you might find that creating the foundation for a garden can serve as quite an amenity for people. Gardeners are all over, and this trend is growing. As more people want to get back in touch with nature or control their own food supply, we see people turning to gardening. Did you know the following points about providing garden space for your tenants? Multifamily community gardens often attracts high-income tenants. Multifamily community gardens often attract empty nesters with a steady source of income. Community gardens of

13 01, 2019

Investing In Real Estate While On Active Duty

Paces Funding2024-06-17T12:41:56-04:00January 13th, 2019|Categories: Business, Hard Money, Investing, Investment, Investment Properties, Investments, Leasing Your Property|Tags: investing in real estate near a military base|

One soldier who served in the Army and was deployed to Afghanistan in 2011–12 told Realtor.com how he managed to buy five homes in five years and eventually kick off a new career in real estate investing. When he'd move to a new base, he didn't sell the home, he rented it out. "I bought five homes in five years,"he explained. He had purchased his first house while stationed in Fort Sill, OK. A year later, he moved to Fort Hood and used income from his For Sill house to pay his first mortgage. He repeated the pattern with each relocation.

16 12, 2018

Investing In Asheville Real Estate

Paces Funding2024-06-17T12:42:04-04:00December 16th, 2018|Categories: Hard Money, Investment, Investment Properties, Investments, Leases, Leasing Your Property|Tags: Asheville, Investing, Real Estate Investing, wholesale real estate investing|

The unique city of Asheville, North Carolina has even caught the attention of Forbes magazine. Indeed, Forbes listed Asheville as among the top 25 biggest boom markets in the United States. The gorgeous mountain city is one of the area's most sound real estate investment markets. Boom markets aren't a common occurrence, but Asheville is absolutely a boom market. Year to year, home prices in Asheville are jumping by as much as 15 percent! Real Estate Properties In Asheville Asheville has a wide assortment of properties available including the following: Land for sale in Asheville Asheville green homes Historic homes

12 11, 2018

Investing In The Nashville Real Estate Market

Paces Funding2024-06-17T12:42:17-04:00November 12th, 2018|Categories: Business, Commercial, Construction Loans, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, Leasing Your Property, New Construction, New Home Development, New Homes, Private Lending|Tags: Nashville, office condos, residential condos in Nashville|

There’s a lot of interest in investing in places like Nashville and other strong secondary markets right now. This is due to economic and cultural factors driving people out of more traditional markets. Plus, when you consider the quality of life in much larger downtowns, it's no wonder smaller, homier downtowns are the next big thing. These secondary markets prime for investing are great tourist destinations, just like Nashville. They are also key areas for music and the arts, just like Nashville. Here's what these secondary markets desperately need: Residential condo units. (Last year, Nashville gained a mere 71 units.)

30 10, 2018

Investors Take Advantage Of Atlanta’s Housing Market

Paces Funding2024-06-17T12:42:23-04:00October 30th, 2018|Categories: Investing, Investment, Investment Properties, Investments, Leasing Your Property|Tags: Atlanta real estate market|

Investors are taking advantage of the fact that nearly 28 percent of homes listed in Atlanta experienced a price drop last month. This makes Atlanta among the markets with the largest year-over-year increases in homes with price drops. Since we know that Atlanta has many areas that are growing, this makes for potentially prime investment real estate. Now, it might not be the best idea to buy a home to flip in the area right now, but it is perfect for investing in an Atlanta rental home. This is a great time for investing in Atlanta real estate after years

20 10, 2018

What Is A Debt Service Coverage Ratio?

Paces Funding2024-06-17T12:42:27-04:00October 20th, 2018|Categories: Equity Lending, Investing, Investment Properties, Investments, Leasing Your Property, Rates|Tags: Debt Service Coverage Ratio|

Have you heard of the commercial mortgage term, "Debt Service Coverage Ratio?" It's the term to describe the ratio that lenders use to evaluate and qualify for the financing of a commercials structure. It shows the cash flow compared to debt service. DSCR For Commercial Properties In general, most banks will need a ratio of 1.5 - 1.35 (net operating income to annual debt service) before lending for commercial property. They just want to make sure you will have enough cash flow to cover the payments each month. Net operating income should include interest, principal, lease payments and sinking fund.

19 10, 2018

What Is Effective Gross Income?

Paces Funding2024-06-17T12:42:28-04:00October 19th, 2018|Categories: Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property|Tags: Effective Gross Income, Potential Gross Income|

Have you heard the term, "Effective Gross Income?" If you're starting out in real estate investing in Georgia or the Carolinas, you may hear this term. Also called, "EGI," it's the income that you'd have when you subtract losses of income from vacancy, concessions, model units, legal fees, employees, and bad debt. The reason it's important to know an apartment complex's Effective Gross Income is extremely telling. You don't only want to consider the Gross Potential Income. You'll also want to add in revenue generated from other things like coin-operated laundry, parking, or concessions. In order to determine your property's

18 10, 2018

What Is Gross Potential Rent?

Paces Funding2024-06-17T12:42:29-04:00October 18th, 2018|Categories: Investing, Investment, Investment Properties, Investments, Leasing Your Property|Tags: GPR, Gross Potential Revenue|

If you're just starting out as a real estate investor, you may have heard the term, "Gross Potential Rent." So, what exactly is that, and how is it calculated? Gross Potential Rent Gross Potential Rent, also known as "GPR," is the hypothetical amount of revenue that you could make from your apartment community, if it was fully leased all year round at market rental rates. It's the maximum amount of revenue you could bring in from rent on your apartment complex. Determining GPR GPR is important, because it lets you know how profitable the property could be. It's the most

8 08, 2018

Should You Invest In A Historic Home?

Paces Funding2024-06-17T12:45:10-04:00August 8th, 2018|Categories: Hard Money, Hard Money Loans, Investment, Investment Properties, Investments, Leasing Your Property, Tenants|

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

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