Tips | Paces Funding

27 12, 2021

3 Tips for Buying a Distressed Property

Paces Funding2021-12-22T17:16:33-05:00December 27th, 2021|Categories: Home Improvements, Real Estate, Remodeling Tips, Tips|Tags: Distressed Property, Get an inspection, Get creative, right neighborhood|

If you’re kicking around the idea of finding and buying a distressed property, this guide will help. Check out these three tips for buying a distressed property that you can put to use when you’re ready. These three tips for buying a distressed property can help you get the best deal – and make the most profit: Choose the right neighborhood Get creative in finding properties Get an inspection Here’s a closer look at each. Tip #1 for Buying a Distressed Property: Choose the right neighborhood If you aren’t already eyeing a particular neighborhood, start doing some research. Location is

16 12, 2021

3 Simple Ways to Find Distressed Properties

Paces Funding2024-01-09T17:20:07-05:00December 16th, 2021|Categories: Foreclosures, Real Estate, Tax Foreclosures, Tips|Tags: 3 Simple Ways to Find Distressed Properties, Bank-Owned Property, Finding Distressed Properties, Property|

If you’re a real estate investor looking for the next great deal, you may be interested in finding a distressed property. But other than driving around town looking for the perfect place (you know – one that’s got peeling paint, a stack of newspapers on the porch and multiple notices stuck to the front door), there are three super-simple ways to find distressed properties. This guide explains. 3 Simple Ways to Find Distressed Properties Looking for a distressed property is easy if you: Check tax records Search public records for delinquent mortgages Network through probate court Here’s a closer look

11 12, 2021

6 Signs of a Distressed Property

Paces Funding2021-12-21T06:17:42-05:00December 11th, 2021|Categories: Hard Money, Real Estate, Tips|Tags: 6 Signs of a Distressed Property, Foreclosures, Property, real estate|

As a real estate investor, distressed properties are often great finds – but how can you tell when a property is in distress and may be worth buying? Check out these six signs of a distressed property to learn more. 6 Telltale Signs of a Distressed Property It’s often easy to spot a distressed property if you know what to look for. Keep your eyes open for: Notices placed on doors or windows Peeling or faded paint Lights off at night Neglected lawns Broken windows or obvious issues on the exterior Uncollected mail Why Are These the 6 Signs of

1 12, 2021

3 Design Choices That Could Make Your Flip Harder to Clean for Buyers

Paces Funding2021-11-30T19:22:45-05:00December 1st, 2021|Categories: Real Estate, Selling, Tips|Tags: 3 Design Choices That Could Make Your Flip Harder to Clean for Buyers, Buyers, Flip, Flipping a House, Property, Selling|

You want your flip property to be as appealing as possible to buyers, so making the right design decisions is key. Certain choices, however, could make your flip more difficult for potential buyers to keep clean. Here are some of them. Overmount Farmhouse Sinks The modern farmhouse home style has enduring popularity, and farmhouse sinks are a feature that has transcended this style and found its way into many modern kitchen designs. While an undermount farmhouse sink sits beneath a countertop, an overmount one sits on top of the counter and the raised lip of the sink can cause soap scum

22 11, 2021

What Do Home Additions Cost?

Paces Funding2021-11-14T00:40:54-05:00November 22nd, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Remodeling Tips, Tips|Tags: Adding a Floor, Expanding the Footprint, Home Addition Cost, Horizontal VS. Vertically|

This isn't your first flip, but it is the first time you've thought about adding some square footage to your house, which is a little on the cozy side. As you weigh your options consider the typical costs of horizontal and vertical home additions, which we’ve highlighted below, to see how expanding your home may impact your budget. (Be aware that labor and supply expenses can vary by region). Expanding the Footprint If you want to expand your flip horizontally (expand its footprint) it can be cheaper than building vertically. It'll cost you between $150 and $200 per square foot, on

16 11, 2021

Got a Big Kitchen in Your Flip? Should You Install Double Islands?

Paces Funding2021-11-14T00:34:36-05:00November 16th, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Tips|Tags: Double Island, Enhance Style, Flip, Increase Cabinet Storage, Kitchen, Separate Meal Prep and Dining Spaces|

The kitchen is the heart and hub of a home, so you want the one in your flip to be as functional, welcoming, and stylish as possible. Kitchens with two islands are becoming increasingly popular for many reasons. Here are three that may make you rethink your kitchen design, and leave you seeing double. Create Separate Meal Prep and Dining Spaces In some kitchens with a traditional or old-world design an island is a large, movable marble-topped table situated in the center of the space. In most modern kitchen designs, however, islands are a marriage between meal prep and bar top

16 10, 2021

3 MORE Mistakes to Avoid Before Your Next Renovation

Paces Funding2021-09-23T06:37:01-04:00October 16th, 2021|Categories: Flipping, How To, Tips|Tags: Flooring, Material Quantity, Money, Renovations, Unexpected Expanse|

Even if you’re a pretty experienced house flipper you may make certain mistakes that result in major setbacks. Here are some pitfalls to avoid. Not Setting Aside Money For Unexpected Expenses It’s wise to create a cash reserve to cover unexpected costs, like replacing water-damaged floor joists, mold or asbestos remediation, termite extermination, or foundation repairs. You may also need to have cash set aside to cover additional mortgage payments in case your renovation runs over schedule. Not Considering Quantity When Ordering Materials Sounds weird, but here’s the deal. When ordering tile that you plan to use in more than

11 10, 2021

Before Your Next Renovation Be Sure to Avoid These 3 Mistakes

Paces Funding2021-09-23T06:31:44-04:00October 11th, 2021|Categories: Flipping, Investing, Real Estate, Tips|Tags: Flipping Home Mistakes, Holidays, Planing a Budget, Pre-laying Tile, Renovations|

For house flippers each renovation project presents a different set of experiences and challenges, and even flippers who have several projects under their belts can make mistakes that result in major setbacks. Read carefully so you can avoid some of these pitfalls. Not Planning a Budget When setting your budget, if you rely on using estimations and ballpark figures you’re very likely to spend lots more than if you took time to plan out a more specific budget for each portion of your flip. Having a detailed budget can help you reallocate funds in case you want to spend a little

1 10, 2021

3 Things to Remember When Renovating a Historic Home

Paces Funding2021-09-19T00:52:47-04:00October 1st, 2021|Categories: Home Improvements, How To, Real Estate, Remodeling Tips, Tips|Tags: Do Your Research, Historic Home, Perform the Necessary Updates, Preserve Important Details, Renovating a Historic Home, Renovations, Tips|

If you’re renovating a historic home you probably won’t approach the process in the same way you would a newer property, especially if you want to appeal to buyers who are looking for homes that are true to their era. So remember these three things when renovating a historic home. Do Your Research In order to stay true to the spirit of your historic home it’s best to get an understanding of the era, style, and characteristics that define it. So take inventory of your property’s history, features, and details so you can make decisions about how to best maintain

1 09, 2021

Why Should You Shop Around for a Contractor?

Paces Funding2021-08-11T19:57:30-04:00September 1st, 2021|Categories: Investment Properties, Tips, Working With Contractors|Tags: Competitive, Shop Around for a Contractor|

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

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