Buying an Investment Property

/Tag: Buying an Investment Property
25 11, 2018

Number One House Flipping Mistake New Investors Make

By |2019-01-21T15:49:39-04:00November 25th, 2018|Categories: Flipping, Hard Money, Home Improvements, Investing, Investment, Investment Properties|Tags: , , , , |0 Comments

Flipping houses is an expensive proposition. It's usually reserved for the wealthy or the bod, because there are risks involved. The number one most common mistake investors make while trying to flip a house is running out of money. Keep in mind, even though interest on borrowed money is tax deductible, typical interests rates are rising, so making a profit can be harder than it used to be with traditional funding sources. Though your profits will vary, the average gross profit from house flipping is $65,520 per house. Remember though, that's gross profit, not net profit. Too many times, house flippers

14 08, 2017

How After-Repaired Value Can Affect Your Hard Money Loan

By |2017-08-14T10:00:35-04:00August 14th, 2017|Categories: Hard Money|Tags: , |0 Comments

Hard money loans are a convenient method for investors to work with lenders to purchase property, especially property that will be flipped or developed for sale as a short-term profit enterprise. Hard money lenders are looking to work with investors in a partnership that allows investors the funds to repair existing buildings or commercial constructions for their resale potential. There are lenders who will consider providing loans based on the after-repaired value, or ARV. To take the ARV into consideration requires an appraisal of value before specific repairs or changes planned for the property take place. Usually, an ARV appraisal