Buying real estate with no cash and no credit can be done many ways. If you are an investor looking to purchase, buy and hold, rehab, and sell a property while having minimum assets or wanting to save your money and/ or leverage your assets, then buying with other people’s money then this 2-day workshop … Continue reading Millionaire Mastermind – Finding, Flipping, Funding and Wholesaling w/ Other Peoples Money
Approval: the most important factor for hard money lenders is collateral. If you’re buying an investment property, the lender will lend as much as the property is worth. If you need to borrow against a different property you own, that property’s value is what the lender cares about. If you’ve got a foreclosure or other negative items in your credit report, it’s much less important – some lenders might not even look at your credit (although many lenders will ask about your personal finances).
When the banks say “No”, the hard money lenders can still say “Yes”. When loans need to happen quickly, or when traditional lenders will not approve a loan, hard money may be the only option.
Buying properties that are in need of rehabbing and unfinished homes present a great way to save a lot of money and get yourself a new home in the process. If you buy an unfinished home, you can keep your monthly mortgage payment low and also lower your initial investment. You may also be able … Continue reading Buying Properties That Needs Rehabbing
The obvious benefit and sought after benefit of flipping real estate is the profit. This is one incredibly tangible benefit, particularly when the profits are large and quick to come your way. Of course there are risks. Most ventures that offer high profit also come with a high degree of risk. Money, however, is not … Continue reading Benefits of Flipping Real Estate
Rehabbing is a term commonly used in real estate, which means to renovate or fix-up a piece of real estate. Generally every home or building that is purchased will need some kind of rehabbing, whether small or large. The costs of rehab are an important factor in the profitability of a home, because you’ll ultimately want to make more in selling the property than you spent on your purchase and renovations. Otherwise, you’re going to be in the negative. REI Investment Society will give teach you and give you some tips as to what rehabbing actually entails.
When choosing a contractor to head up your remodel, these simple steps can mean the difference between complete confidence and sleepless nights. Ask for Referrals Word of mouth-hands down, is usually the best way to find qualified professional to tackle the job. Ask relatives, friends neighbors and other investors whom they've had good experiences with. And ask what made it a positive experience, how the contractor handled problems and whether he or she would use the same contractor again.