Starting a real estate business can be one of the most exhilarating yet challenging experiences of your life. In the U.S., small businesses account for 99.5% of all registered companies, yet most die off by the fifth year of operation. One of the leading factors of the shutdowns is access to capital. Given that approximately… Read more »
Flipping and renting out homes can be an excellent way to create another profitable stream of income. However, if this is your first time going through the process, make sure to keep these rules in mind to ensure things go according to plan. 1. Be ‘Over-Prepared’ When Doing the Numbers When dealing with any financial… Read more »
A great way for real estate investors to make money fast is by flipping houses. When you want to buy and flip a house there are a few tips that can help the process go smoothly. Do you already have the funds to purchase a house to flip? Most investors don’t typically have money available… Read more »
Reality shows make house flipping look easy. They look at a few fixer uppers, pick out some flooring, and 30 minutes later they’ve sold a home for a huge profit. However, a lot more goes into flipping a house than what you see on television. And new flippers tend to make mistakes. Here’s what they… Read more »
House flipping business is one of the few lucrative ways to make money in the real estate industry. Just like any other business, property flipping demands knowledge, proper planning, and you being savvy to be successful. This way, you’re able to minimize financial risks and maximize your returns. So, where should you start? If you’re… Read more »
For most people within the house flipping business, the question that arises quite frequently is, “Where do I source funds for my next deal?” The nature of this business dictates that you have ready cash to cut into the discounted prices. However, with bad credit ratings and other loans haunting you, it may prove difficult…. Read more »
In the U.S., an average citizen is approximately $38, 000 debt–and that is excluding their mortgage. Such levels of debt have become limiting factors for individuals looking to invest in real estate and property flipping. Remember, having a bad credit score can make it hard to get a mortgage from a bank. Additionally, traditional… Read more »
The real estate business is highly competitive and requires one to have a substantial amount of readily-available money or have quick access to loans. Players in the industry know a good deal when they see one, and the difference between winning and missing out is, more often, how fast you can pay for a property…. Read more »
There are many reasons why a real estate investor would choose to get financing from a hard money lender. The process of approval takes virtually no time if you compare it to conventional lending. It often takes one to three days, and if delayed, never longer than one week. It takes traditional lending institutions like… Read more »
Property flipping — more commonly referred to as house flipping — can be an exciting, engaging way to make money in real estate. However, there’s a catch: you’ve got to do it right to reliably turn a profit. And most people who try to flip houses for a living make a lot of costly mistakes… Read more »