Rehab Loans | Paces Funding

27 05, 2019

What Kind Of Kitchen Flooring Should You Purchase?

Paces Funding2024-06-17T12:40:58-04:00May 27th, 2019|Categories: Business, Flipping, Hard Money, Home Improvements, Home Upgrades, HUD, Investing, Investment, Investment Properties, Investments, New Construction, New Home Development, New Homes, Rehab Loans, Remodeling Tips|Tags: carpet, kitchen flooring, linoleum, luxury vinyl, porcelain tile, rental unit flooring, sheet vinyl, vinyl plank|

If you're trying to decide what kind of flooring to use in your kitchen, you will need to consider what you want out of it. Are you hoping to increase the property value over the value of a typical kitchen? Are you hoping to find something durable for a rental unit? Do you need something installed fast? Let's discuss the options. First of all, you won't want to put carpet in virtually any kitchen. Buyers won't be impressed. Renters will yuck it up in a hurry. If you just need something inexpensive and fast, you might choose sheet vinyl. Say

28 04, 2019

How Much Insurance Should A Homeowner Have?

Paces Funding2024-06-17T12:41:16-04:00April 28th, 2019|Categories: Flipping, Florida, Georgia, Hard Money, Home Improvements, Home Upgrades, Investment, Investment Properties, Investments, Lawyers, Rehab Loans|Tags: homeowners insurance, insuring your home, insuring your investment property, living in a house you're going to flip|

If you're living in a house you intend to flip, do you know how much insurance you should have as a homeowner? Obviously, you will need enough homeowners insurance to replace the home if it were destroyed in a fire or a hurricane, but what else do you need? Make sure that your belongings are also covered. Your belongings like jewelry, clothing, art, and other items might cost more to replace than a standard homeowners insurance would cover. This is not including any updates you've already made to the home like granite countertops or new appliances. Be sure to take

26 04, 2019

Defrosting A Freezer On Your New Investment Property

Paces Funding2024-06-17T12:41:19-04:00April 26th, 2019|Categories: Flipping, Investment Properties, Leases, Leasing Your Property, Rehab Loans, Short Sales|Tags: appliance maintenance, defrosting a freezer|

New freezers have self-defrosting features, but old freezers need defrosting sometimes. If you've purchased a new property with an older freezer in the kitchen, garage or basement, you might want to extend its life a little bit. If it's frosted over, defrosting it can add some life to the machine while you wait to get more energy efficient models. Since this is a new property, you won't have to worry about finding a place to store your frozen food. Normally, that can be the biggest hassle. If you've just purchased a home with food still in the freezer, just toss

4 04, 2019

Flipping Homes Is More Popular Than Ever – Market Share Surpasses 2006!

Paces Funding2024-06-17T12:41:34-04:00April 4th, 2019|Categories: Foreclosures, Hard Money, Home Improvements, Investment, Investment Properties, Investments, Rehab Loans|Tags: adding value to a home, home flipping trends, home repair, House Flipping, owner occupied|

Home flipping sure isn't the same as it used to be, but it's also more popular than ever. See, there are more home flippers out there than almost ever before, according to research from CoreLogic, but today's home flippers are holding onto properties for longer. Interestingly, home flippers are holding into homes for longer in part so that it can be considered owner-occupied and eligible for capital gains exceptions. Obviously, you can only occupy one home as your primary residence, but this trend is adding to the flipping scene. In the last quarter of last year, home flipping accounted for

24 02, 2019

Check Downspouts & Gutter When You Buy A New Rental House

Paces Funding2024-06-17T12:41:42-04:00February 24th, 2019|Categories: Construction Loans, Foreclosures, Home Improvements, Home Upgrades, Investment Properties, Leases, Leasing Your Property, Rehab Loans, Remodeling Tips, Short Sales, Tenants|Tags: clogged gutters, DIY projects, downspouts, gutters, Landlords, protecting your foundation, rentals, renting your property, water in the basement|

When you buy a new house that you intend to rent out, be certain to check the downspouts. These get overlooked too frequently and can cost landlords substantially. Attention to these should be part of your typical maintenance. See, for every inch of rain we get, our rooves divert around 600 gallons of water into our downspouts. You must make sure that this water diversion is working the way it should. Know this ahead of time, because renters often don't bother to report on these like this, especially if it doesn't affect them. Check Gutters For Clogs Clogged gutters throw

19 02, 2019

Why The Luxury Market Might Be Your Best Investment For House Flipping Right Now

Paces Funding2024-06-17T12:41:44-04:00February 19th, 2019|Categories: Business, Due Diligence, Flipping, Foreclosures, Hard Money, Hard Money Loans, Home Improvements, Investment, Investment Properties, Investments, Rehab Loans, REIs, Short Sales, Taxes|Tags: benefits of flipping luxury homes, flipping luxury homes, Florida house flipping, Florida luxury home market, House Flipping, house flipping market, luxury home flipping, luxury homes in Florida|

House flippers focusing on flipping luxury homes are a part of a rising market. While non-luxury houses aren't flipping as well, this market, if you can afford it is still doing well. Consider that the National Association of Realtors showed that sales of existing homes declined over ten percent in the last year. Starter homes, which are usually a common project for house flippers, are part of a decreasing market. Sales are just down among starter homes. Some of that is because of the higher interest rates too. Many people who house flippers would normally try to sell a starter

15 02, 2019

Do You Know The Signs Of A Bad Foundation

Paces Funding2024-06-17T12:41:47-04:00February 15th, 2019|Categories: Construction Loans, Due Diligence, Flipping, Hard Money, Home Improvements, Investment Properties, Investments, Real Estate, Rehab Loans, Remodeling Tips, Short Sales, Tax Foreclosures|Tags: foundation cracks, foundation inspection, foundation upheaval, horizontal foundation cracks, vertical foundation cracks|

As a real estate investor, you can save yourself money and time if you know how to spot signs of foundation damage when you first look at a potential investment property. Some minor problems can be fixed, of course. If you only spot minor problems, it's possible that hiring a professional evaluator to check the property may be worth it. Not all foundation issues mean you should walk away from an investment property. But you can save yourself the cost of an evaluation if you can spot the major foundation issues yourself. Keep in mind, you're not just looking at

16 06, 2018

When To Walk Away From A Potential Real Estate Investment

Paces Funding2024-06-17T12:46:07-04:00June 16th, 2018|Categories: Flipping, Hard Money, Hard Money Loans, Rehab Loans, Tenants|Tags: Investment Properties|

Successful real estate investors know when to walk away from a potential real estate investment. They know how to spot the signs of a bad investment. Every deal isn't going to be worth the time, money and effort. So, here are some tips to know when to walk away from a potential real estate investment! Make sure your income potential is immediate. Don't invest for some "huge payout" at some indefinite date in the future. Lack of income documentation on a rental property. If a seller is selling an existing rental property, make sure you see proof of rental rates,

27 02, 2018

Most Common Problems Identified On A Home Inspection

Paces Funding2024-06-17T12:48:39-04:00February 27th, 2018|Categories: Flipping, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Investments, Rehab Loans|Tags: Home Inspections, minor repairs|

Have you ever wondered what the most common problems found by home inspectors are? Most problems are relatively easy to fix. So, don't let these be deal breakers if you find an otherwise good investment. Faulty wiring is common, but not usually a costly problem for an electrician. Often they find open junction boxes or wires without wire nuts. Easy fixes. Water on ceilings often terrify purchasers, but if it's caused by faulty plumbing, the repairs can be no big deal. Inspectors commonly find poor drainage causing basement leaks. That's not always hard to fix either. Bad gutters cause a

14 02, 2018

Should You Invest In Good Carpet Padding To Flip A House?

Paces Funding2024-06-17T12:49:01-04:00February 14th, 2018|Categories: Flipping, Hard Money, Investments, New Construction, Rehab Loans, Remodeling Tips|Tags: carpet installation, carpet padding|

You've got your eye on a potential investment property. You're creating your budget. You want to cut some corners. Should you get cheap carpet padding? Most investors find that a good carpet padding increases buyer interest even more than a good carpet would. Good padding can absolutely help you flip a house. Buyers assume that if you're willing to invest in a quality padding, the home must have quality products everywhere. You can even go with a cheaper carpet if you choose a better padding. It wouldn't even be deceptive. Quality padding can help even low grade padding last longer.

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