If you do a little searching online to understand rehab loans, chances are you’ll come across one of the self-appointed “real estate gurus.” These people have flashy websites and make a lot of promises about the piles of money you can make doing real estate investing. The problem is that they are often short on…
Read MoreOne of the biggest pieces of advice given by people with lots of experience with fix and flip loans is to do a lot of research before putting an offer on a property. But what are the things to look out for? Buying properties to rent out or fix up and sell is very different…
Read MoreOnce you’ve decided to make the jump into real estate investing and flipping properties, you need to find the right hard money lender to work with. If you do a quick Google search, you’ll probably find lots of lenders in your area. First, read as many online reviews you can, not just the testimonials on…
Read MoreWhen you first start working on getting hard money loans, you will quickly learn that you have to do a great deal of research on your properties. Everyone has heard horror stories of properties that look alright but have major, expensive issues. An important part of your due diligence process will be insisting on a…
Read MoreOne of the keys to making money in real estate investing is having a good team of people whose expertise you trust. We talked about how to find a good contractor a few weeks ago. When you first start out getting rehab loans, you need to find a good real estate agent who specializes in…
Read MoreMaking a Profit on Real Estate Investing Part 4: Get the Formula to Make an Offer This is the last part in our four-part series on how to make money with real estate investing. We’ve talked about determining ARV, estimating the cost of repairs, and calculating closing and other flip loan costs. To finish up,…
Read MoreHow to Find the Best Contractor for House Flipping If you’re going to be successful as a real estate flipper, you have to find a great contractor for house flipping. A fix and flip project is going to have a different timeline and priorities than an owner-occupant remodel. As a real estate investor, time is…
Read MoreWhen you start looking at flip loans, you have to do a lot of comparing properties and calculating costs to make sure you’re going to make money on a deal. We’ve been discussing these steps in detail. Read Part 1 to find out how to determine the After Repair Value (ARV) on a property. In Part 2,…
Read MoreThey say that all real estate is local, and that is certainly true for California hard money loans. The state’s real estate market is very liquid. This means that there is a lot of money looking for an investment. Even though hard money loans typically have higher interest rates and more points than a conventional…
Read MoreA few weeks ago, we started a series about how to estimate how much money you can expect to make on a rehab loan. Read part 1 here. The quick summary is that you need to compare the selling price of properties that are in the same condition as your potential property. And you need…
Read More