House Flipping | Paces Funding

2 06, 2023

5 Reasons You May Want to Invest in a Single-Family Home This Year

Paces Funding2023-06-04T14:57:34-04:00June 2nd, 2023|Categories: Flipping, Hard Money, Hard Money Loans, How To, Investing, Investment, Investment Properties, Investments|Tags: Flipping, House Flipping, How-To, Investing, Single-Family Homes, Tips|

As a real estate investor, you're always looking for the next profitable opportunity. What if that opportunity lies in single-family homes? Here's why investing in a single-family home this year might be your best bet. 5 Reasons You May Want to Invest in a Single-Family Home This Year In this guide, we'll explore: Attractive Cash Flow Potential High Demand in the Rental Market Lower Maintenance and Management Costs Stability and Appreciation Flexibility for Various Investment Strategies Here's a closer look at each. Related: Asbestos in house-flipping Attractive Cash Flow Potential Single-family homes can offer an attractive cash flow, especially if

1 02, 2022

2 MORE Renovation Mistakes That Can Devalue Your Flip

Paces Funding2022-02-05T21:18:33-05:00February 1st, 2022|Categories: Flipping, Remodeling Tips, Tips|Tags: Function vs. Space, House Flipping, Renovation Mistakes, Shower vs. Tub|

Delivering quality homes that have mass appeal can yield solid profits for a house flipper. If you're not mindful, though, certain changes during your renovation could be a turnoff for potential buyers and lessen the value of your flip. Here are two mistakes to avoid. Sacrificing Function for Space A spacious bedroom with a tiny closet does not a happy homebuyer make. So although you may want to expand the footprint of your master suite, or any bedroom in your flip to make it more spacious, resist the temptation to steal footage from closets--not unless you're able to regain it

16 07, 2021

3 Things to Consider Before Replacing the Garage Door of Your Flip

Paces Funding2021-07-13T19:20:58-04:00July 16th, 2021|Categories: Flipping, Home Upgrades, How To, Selling, Tips|Tags: Cost Very, Garage Door, Good Return on Investment, House Flipping, Variety of Materials|

Most people replace their garage door because they don’t like the way it looks, or because it no longer works, or perhaps because they want to install an automatic door opener. As a house flipper, your reasons may be all of the above. Whatever your reason, consider these three things before you replace the garage door of your flip. It can bring a good return on investment According to Remodeling magazine, replacing your garage door can fetch a substantial return on investment—to the tune of almost 94 percent. It can also help improve the resale value of your property. A

11 07, 2021

How Can an Easement Affect Your Property Rights and Renovations?

Paces Funding2021-07-13T19:15:02-04:00July 11th, 2021|Categories: Flipping, Home Improvements, How To, Real Estate, Selling, Tips|Tags: Bank-Owned Property, Easement, House Flipping|

Sellers are legally required to report easements attached to their property, so you should be made aware if one exists on your prospective flip house by the time you have a purchase agreement, or even sooner. Examples of easements, and how they could affect your renovations If your potential flip house comes with an easement, you must abide by its rules. For instance, if you bought a property along a public beach, and it had an easement on your yard to allow neighbors to gain access to the beach, legally you would have to allow them passage. Along the same

22 01, 2021

New House Flippers: Don’t Be Tempted With These 3 Quick Fixes

Paces Funding2021-01-04T17:41:24-05:00January 22nd, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Real Estate, Remodeling Tips, Tips|Tags: Blog, Flippers, Flipping, Home Improvement, House Flippers, House Flipping, Quick Fixes, Tips|

As a house flipper, you want to present buyers with the best product possible, so if you find potential issues during your renovation you should thoroughly investigate them, and not simply perform superficial, quick fixes. Here are three quick fixes to avoid, and how to properly check for underlying issues. Painting over a ceiling stain. If you have a stain on a ceiling in your flip your first inclination might be to paint over what appears to be a simple cosmetic issue. While you may cover the ceiling with a fresh coat of paint, you could be covering up a

3 06, 2019

Do You Have Different Exit Strategies For That Investment Property You’re Eyeing?

Paces Funding2024-06-17T12:40:55-04:00June 3rd, 2019|Categories: Due Diligence, Flipping, Foreclosures, Hard Money, Hard Money Loans, Home Improvements, Investing, Investment, Investment Properties, Investments|Tags: exit strategies, House Flipping, Rental Units, renting|

When flipping a house, your end goal is to make a comfortable profit, but sometimes things happen that are outside of your control. You will still need to plan for these things. That sometimes means having a different exit strategy than simply selling the house for a large profit quickly. If you aren't guaranteed a profit, will you choose another route? Do you have alternate exit strategies planned? Here are some things that could happen that could affect your plans to flip a house quickly at a profit: The economy could change. Financing rules could be changed. The market could

29 05, 2019

3 Secrets To House Flipping You Probably Won’t See On TV

Paces Funding2024-06-17T12:40:56-04:00May 29th, 2019|Categories: Construction Loans, Flipping, Hard Money, Hard Money Loans, Home Improvements, Home Upgrades, HUD, Investment, Investment Properties, Investments, Private Lending|Tags: House Flipping, successful house flipping|

House flipping isn't really like it is on TV. To be a successful house flipper, you have to know how to do it right. Here are three things that successful house flippers do that are too boring for television and too important for you to not know. House flippers don't buy houses at full retail price. What would be the point? If you pay full price and then make improvements, you're not going to make much of a profit, if any. You need to purchase a house that is genuinely prices to sell. You have to find a home in

19 04, 2019

Best Markets For Home Flippers In 2019

Paces Funding2024-06-17T12:41:23-04:00April 19th, 2019|Categories: Business, Commercial, Flipping, Florida, Income, Investing, Investment Properties, Tennessee|Tags: Florida house flipping, House Flipping, house flipping market, Jacksonville House flipping, Tennessee house flipping|

Two of the top markets for home flipping happen to be in our area of service for hard money loaning. Both Florida and Tennessee are among the top markets for house flippers. That means that the average time to flip, the average profit, and the average return on your investment will be best in these markets. Florida's House Flipping Market Florida has year-round warm weather and residents don't pay income tax on their earnings at the state level. One of the best cities in Florida for house flipping is in north Florida. House flippers in Jacksonville do very well, according

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

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

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