By: Clara Beaufort of Gardenergigs.com
Whether or not you plan on selling a home now or down the line doesn’t change the fact that it can behoove you to increase its value. While there are a myriad of ways to accomplish this task, nothing beats a first impression like curb appeal. Even simple landscaping can add thousands of dollars to the worth of your real estate…
Commonly real estate investors who aren’t used to using private money or “hard money” wonder how the process works. If you watch HGTV shows such as “Property Brothers” or “Flip or Flop”, every now and again they mention hard money lending or even bridge loans as a financing option. Without a clear understanding of the product and the real benefits, you are left in…
Investing in real estate is no easy task. You must take many factors into consideration before placing an offer to purchase. Many investors cannot afford to purchase an investment property for cash, which is why they turn to direct lenders and banks to leverage the cash they have on hand to budget for the hard and soft costs of the project…
When applying for any loan, it is important to be organized and quick to deliver all required items to the lender so they can expedite your deal through the application process. Remember, brokers, underwriting staff and private lenders are trained to see through your financial blueprint and find the potential problem areas and inquire about them. With construction loans, the…
Step 1: Locate a Deal
There are many of ways to locate an investment property and sadly, none are easy due to the heightened interest of real estate investing. Whether you know a local wholesaler, are buying through a Realtor or sourcing a deal yourself, one thing remains constant: speed is important for many sellers.
Step 2: Analyze the Metrics
Depending on your goals, it makes…
What is a bridge loan?
In general, a loan that has a term of days to a few years is called a bridge loan. It applies to many uses of the loan proceeds including real estate rehab loans, purchasing a new home, equipment purchases and debt consolidation.
Private money lenders provide many types of bridge loans. In the real estate investment market…