How-To

/Tag: How-To
1 07, 2019
  • Smart Renovations - What You Need to Know - Paces Funding

Smart Renovations: What You Need to Know

By |2019-06-23T17:53:26-04:00July 1st, 2019|Categories: Hard Money, Home Upgrades, Remodeling Tips|Tags: , , , , |0 Comments

When you take out a hard money loan to flip a house, you know you'll be making improvements and renovations - but you have to choose wisely, or your entire profit will get eaten up by the things you add to the space. So how do you figure out which renovations are smart ones, and which ones are a waste? Here's what you need to know. What Are Smart Renovations? Smart renovations are those that bring you the most "bang for your buck." You probably don't want to gut a kitchen and put in all marble countertops, energy efficient appliances,

24 06, 2019
  • What is the 70% Rule in Flipping Houses

What is the 70% Rule in Flipping Houses?

By |2019-06-23T17:53:00-04:00June 24th, 2019|Categories: Hard Money|Tags: , , , |0 Comments

If you've been involved in investing for a while - or if you've been doing plenty of research on flipping properties to make some cash - you've heard of the 70 percent rule. But what is it, and how do you figure out how much it is? What is the 70% Rule in Flipping Houses? The 70 percent rule says that an investor should pay 70 percent of a property's after-repair value, or ARV, minus the repairs necessary. 70% Rule: Examples So let's say a home's ARV is $200,000 and it needs $50,000 in repairs and upgrades to make it