A hard money loan can be a great way to finance a property purchase. These loans are generally much easier to obtain than a conventional loan, and the funding can come through within a week. A private money lender can look beyond borrower issues that could hang up a conventional loan such as foreclosures, poor…
Read MoreKitchen trends come and go and if you are considering a fix and flip loan, it is important to stay up to date on the latest trends to make sure your house sells quickly. No one wants to buy a house with last year’s rose gold appliances. They want what is new, fresh, and exciting.…
Read MoreWe at LendingXpress work with a lot of real estate investors. While being a hard money lender is really different than working with people who are buying a house to live in, there can be overlap! It’s easy to get emotionally attached to a property you’ve spent months of your life working on. Unfortunately, this…
Read MoreWhile the real estate market has its own local trends, it’s important for those who work with flip loans to keep an eye on the larger trends affecting the whole country. The Economic and Strategic Research Group at Fannie Mae has been making some predictions for the national housing market. House prices have been going…
Read MoreAs a private money lender, one of the things we’ve observed at LendingXpress is how important it is to know what sort of people are looking to move into the kind of houses you’re rehabbing. One of the biggest defining factors is whether the people have minor children. The National Association of Realtors just released…
Read MoreThere’s a huge amount of conventional wisdom in real estate. Only some of it is really true, and even less applies to people working on rehab loans. A lot of people–agents, buyers, sellers–believe that the best thing to do is to sell in the spring. And to avoid listing a house in the winter months.…
Read MoreNow is a good time to be thinking about what you want to do differently in 2019. For a lot of people the new year is when they start wanting to make major changes not only personally but also professionally. If you’ve been considering getting into real estate investing and using fix and flip loans…
Read MoreIf you’re considering getting a hard money loan and working with a private money lender to finance a real estate purchase, there are several factors you need to consider before signing on the dotted line. 1. Be sure to scope out the neighborhood where you intend to buy. You might find the perfect property, but…
Read MoreMost real estate investors who work with hard money lenders find that they get the best return on their money when they focus on one particular type of property. There are lots of factors to consider before signing for a hard money loan. First of all, consider the market in the area you’re looking at.…
Read MoreYou may be wondering if it is worth listing a house you have fixed up using a flip loan over the holidays. The cold weather and busy time of the year may cause you pause, but it is actually a great time to sell. The truth is that anyone who is out looking at houses…
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