You’ve worked hard to renovate your fix and flip investment. The “fix” part is complete. Now you need to “flip” the property and get it sold quickly for the most money so you can pay back your lenders, investors, contractors, employees - and yourself!
Experienced real estate investors often come to believe they have a solid understanding of economic cycles — and that they know where they are in the present cycle. You see this as they share thoughts and experiences to explain what made their last deal perform well or bottom out, as well as when they predict their next successful deal. But the truth is a little different: there’s a dynamic quality to real estate and economic cycles, and no one can predict them well enough to perfectly time their next sale or purchase.
April home sales continued a theme that is slowly beginning to shake confidence in the real estate market. For the month, home sales were down 4.4 percent, according to reports, making it the 14th consecutive month with a decline — the longest streak without any gains since the housing collapse that triggered The Great Recession of 2008.
When dealing with real estate, it can sometimes be hard to see the line in the sand between deals that will be profitable and deals that leave you wishing you hadn’t gotten involved, even though things looked good on the surface.
We’ve come up with a few tips on how to find good and profitable deals to invest in.
Have you set your sights on investing in multifamily real estate property? If so, before you dive in, you need to review property choices carefully and calculate your expected returns. Here’s how to do that and avoid an unnecessary gamble.
With Marie Kondo and her posse of people who are Tidying Up, interior design trends are seeing some changes in 2019. Sustainability and minimalism are very on trend, although maximalism is also making a comeback, but not in a hoarder’s sort of way. More is more when it comes to maximalism and, when done thoughtfully, can actually create a really lovely look. Timeless, classic pieces are still very in, but with a twist, adding a modern touch to antique looking furniture and decor.
When it comes to house flipping, the market waxes and wanes, just like everything else in the real estate world. At the beginning of 2019, the market was still fairly risky, but there are some places where house flipping can still be a lucrative endeavor.
According to a BizJournals article, “borrowing costs will continue to trend upwards in 2019 as the economy slows and the Federal Reserve raises interest rates accordingly…” so how do rising interest rates impact the hard money market?
If you’re looking for a hard money loan to finance your next fix and flip project, you may want to consider establishing a limited liability company (LLC) first. Many hard money lenders require borrowers to have an LLC before they move forward with the loan for a few reasons...let’s take a look.
When 2018 began, real estate investors were looking forward to a prosperous year. And, in the beginning, they weren’t wrong: overall, the outlook was good, and several cities, such as Washington, DC, showed promise for significant growth. But as the market began to lose steam, they wondered what that would mean for 2019. What sort of trends should they be monitoring, and what can they expect? With 2019 upon us, let’s take a look at what investors should expect, and what they should be on the lookout for.