If you’re coming to the end of a rehab loan project, you might be wondering about the right way to go about staging the property and selling during the holidays. First of all, there’s no reason not to put a property up for sale right now. Buyers at this time of year tend to be…
Read MoreThe truism in real estate investing is that the top three things that matter are “location, location, location”. There’s a lot of truth there, but you also have to be careful about timing. This is especially true for investors working with a private money lender. Buying at the right time makes the difference between a…
Read MoreAs soon as you start working with fix and flip loans, you learn that time is money. At the beginning of your career with rehab loans, you may end up going more slowly than you will once you have a few rehabs under your belt. You’ll get used to working with contractors and making budgets…
Read MoreThe last thing to do when you’re doing a rehab with a hard money loan is staging and selling the property. If you spend time looking at what’s for sale in your area, you’ll quickly notice how many of the options have very similar interior decor. There will probably be lots of neutrals or maybe…
Read MoreOnce you start working with flip loans, you need to think about how you can protect yourself by registering your business with the state. Having a business entity on the fix and flip loan papers can protect your private assets in case there is an issue with repaying the loan. No one wants to plan…
Read MoreOne of the “soft skills” that every real estate investor needs to develop is strong communication skills. In a rehab project, there’s a lot to coordinate. You need to make sure you and your private money lender are on the same page on the amount of money being loaned and when it has to be…
Read MoreWhen you’re working with a hard money lender and fixing up a property to sell it, time and money are of the essence. Today’s real estate buyers are more demanding than they were a few years ago, and services like real estate staging are becoming more and more of a necessity to sell a property…
Read MoreWorking toward restoring an old home to its former glory is a wonderful use for a rehab loan. There are some people who just get enamored with the thought of fixing up an old home. They were built so well and have so many stories to tell. Many are totally unique and not like any…
Read MoreWhen it comes to working with a private money lender and flipping houses, there are several legal issues to be aware of. Keep in mind that whether you’re working alone or with a group, rehabbing buildings is a business venture. This means that it makes a lot of sense to formally start a business. One…
Read MoreIt is certainly not necessary to have a real estate license to apply for a fix and flip loan and flip houses. However, it could certainly be beneficial. There are many reasons to consider it. After some research, you can decide of a real estate license would be beneficial to you. It definitely takes some time…
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