You are taking on a fix and flip project and your rehab and repair list feels like it is ten miles long. If you hire a contractor for every single item, you may find yourself out of money quickly, no matter how large your private lending loan for investment property may be! Especially when you…
When you’re working on a fix and flip property, there are places to spend and places to save. If you have secured fast funding from a private lender you will want to use that rehab loan in the smartest way possible. Here are a few ways you can save money, keep more of your rehab…
The inside of a home is where people spend most of their time, it’s true, but the exterior of a property is what they will see first. When you are working on a fix and flip, it makes sense to work toward a beautiful home with lots of curb appeal, as this will leave a…
Flipping a house may seem like a quick and easy way to make a profit, but if you have not thought about the bigger financial picture you should spend some time figuring out if you can afford to fix and flip before you jump into the project. Usually, a fix and flip is relatively affordable…
When rehabbing an investment property, there are certain jobs that you can do yourself, and others that it is recommended that you hire out to a licensed contractor. Just the fact that these professionals are licensed means that they are insured and certified, as there are risks associated with the job itself, or with the…
When you fix and flip a house, there are many ways to go. Depending on a number of factors, you will have to budget accordingly. In particular, time is a key factor, as there is a big difference between fixing and flipping a house that you plan to live in during the fixing part, and…
In order to rehab the inside of a house and then resell it, there are certain skills that are essential to master in order to save money on your project and get the job done within the required timeframe. Luckily, these are mostly cosmetic jobs, and they are often the jobs that make the biggest…
Not surprisingly, bank loans for real estate tend to dry up once the bank sees you’ve got more than a couple of properties. Banks are less and less interested in making investment loans when they feel there’s more of a risk. And the more you owe, the bigger the risk they assume you’ll be. Of…
Fixing and flipping a property can generate a fair bit of income, if done wisely. We suggest three things to look for to set you on the right rack for a quick turnaround and a healthy profit. Recognize The Things You Cannot Change You may see a property and feel that the property may have…
Borrowing from friends and family is typically frowned upon. The fear that the deal could go bad and you could lose the friendship or cause a family feud of epic proportions is not totally unfounded. There are good reasons to avoid borrowing from people whose relationships you value. Here are a few things to think…
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