Setting out to do a home renovation project can be a costly and time-consuming process, even if you’re confident you know what you’re doing. Contractors tend to see the same mistakes over and over again. Here are five of the most common mistakes and how to avoid and/or fix them during your renovation project.
Multi-family property investing can be very lucrative. But it is also very different than single-family property investing. Single-family investment tends to be designed for a quick turnaround — get in, fix up, and get out — where as multi-family is a much longer-term investment. There are a variety of different factors to consider, different numbers to crunch and different research to be done...
Flipping houses can be a great way to make some extra cash, especially if you’re handy and can do a majority of the work yourself. You might think you need a substantial amount of money in the bank in order to purchase houses to flip, but that’s not always the case. So, what do you do if you don’t have extra capital sitting around, but want to get into the fix and flip game?
American Association of Private Lenders Annual Conference, November 4-6, 2018 at Caesars Palace - Las Vegas, is the only place private real estate lending professionals need to be to expand revenue and scale their business. With speakers, businesses, and real estate entrepreneurs from across the country, you're sure to learn something new and expand your network. Here are 5 reasons why you don't want to miss this years event:
Getting into the fix and flip business can be overwhelming, regardless of how much experience you have with doing renovations or working in the real estate market. Before you even begin to think about the other aspects of fix and flip real estate investing, you need to know how to find a property to flip. There are a few different ways you can do this, but the ultimate goal is to pick the best investment for you and your skillset, while aiming for a strong ROI (or return on investment) so your hard word pays off in the end.
Very few people have the cash on hand that is required to fund the construction of a new home. This is why builders, buyers and investors turn to construction loans to finance new builds they couldn’t otherwise afford. But what exactly is a construction loan?
Philadelphia is rich with possibility when it comes to finding the right places to invest in real estate. Whether you’re looking to do a quick fix and flip, purchasing rental property or think you can simply buy low and sell high on an existing property, The City of Brotherly Love is the perfect spot. Its economy is decent and its job prospects are high, meaning you can find some good deals in up-and-coming neighborhoods. But where are these neighborhoods, and what makes them better than the rest?
The word “lien” conjures up images of evil bankers coming for your property, leaving you shivering on the sidewalk. But before you start worrying about liens being placed on your property for some reason, it’s best to educate yourself. We’re here to de-bunk some of the myths behind liens, as well as explain exactly what liens are, the different types of liens and why they happen, and what to do if a lien has been placed on your investment property.
So you’ve found the ideal property, and you’re ready to get moving on construction. But there’s the issue of financing. Unless you’re sitting on a sizable chunk of investment capital, you’re going to need some help. But here’s the challenge: there are a lot of different construction loan options, and deciding which is right for you isn’t as simple as it should be. Where do you even begin?
When it comes to renovating a home, there’s always something new to learn, whether it’s your first flip or your fiftieth. We convinced a few renovation contractors to spill their top three tips they think everyone should know before they embark on a home renovation.