Tips for Accurately Estimating ARV on a Fix & Flip
As any experienced real estate investor knows, accurately estimating the after repair value (ARV) for a fix & flip project is crucial to project success. Having an accurate ARV can not only give you a better picture of how much profit you can take away from the project, but it’s also the number that most […]
Top 5 Benefits of Working With a Hard Money Lender
As most experienced real estate investors know, getting started with a project can require quite a bit of capital funding. In the past, it used to make sense to always go to your local bank or credit union to seek business loans to fund investment projects. But ever since the housing market crisis of the […]
How the End of Covid Forbearance May Impact the Housing Market
When the Covid-19 pandemic hit the United States, lawmakers knew that steps needed to be taken very quickly to allay the effects that a massive economic shutdown would have on the financial health of American citizens. As a result, the US Government set up a mortgage forbearance program for homeowners who would inevitably struggle to […]
What is Normal Wear and Tear for a Rental Property?
A tenant’s lease is up, and the landlord finds the now vacated unit in a state of disrepair. The landlord notifies the tenant of the issues and advises the tenant that the security deposit will not be returned. The tenant fires back a response that there is no damage—just “normal wear and tear.” Who’s right? […]
What Does the Latest Eviction Ban Mean for Tenants & Landlords?
Last week, the CDC announced that it will be extending an eviction ban in counties “experiencing substantial and high level of community transmission” of COVID-19, which is expected to cover 90% of renters throughout the United States through October 3, 2021. Naturally, this is a huge relief to tenants who are struggling to pay their […]
Tips for a Smooth & Successful Appraisal Process
Though we’ve previously discussed best practices for appraisals, as well as best practices for pre-sale inspections, there’s still more to be said about the appraisal process and making sure that it goes off without a hitch. In investing, the appraisal process is crucial to ensuring that you’re getting the most out of the work that […]
Why Did Lumber Prices Get So High?
Thanks to the global COVID-19 pandemic, consumers have borne witness to some bizarre economic events over the last year and a half. A stock market crash in March of 2020 was immediately followed by a meteoric recovery. Toilet paper, hand sanitizer, and cleaning supplies (among other consumer goods) were nearly impossible to find for several […]
Best Practices for Property Management Agreements
A property owner can choose to manage their own properties, or they can choose to hire a professional property manager. While the property manager option will obviously cost more up front, it can provide significant savings in terms of time and effort for the owner over time. All too often though, we hear stories of […]
Should I Use an LLC to Purchase Rental Property?
Most of our borrowers set up a Limited Liability Company (LLC) to purchase their investment property. An LLC is a type of business structure that may include individuals, corporations, other LLCs, and foreign entities. Why do our borrowers tend to operate through an LLC? Operating through an LLC provides protection for the investor’s personal assets […]
To Buy and Hold or Fix and Flip?
The age-old question for real estate investors is: should I buy a property to rent out (“buy and hold”) or should I purchase it, fix it up, and sell it (“fix and flip”)? Buy and holds are a long-term investment whereas fix and flips are a short-term investment. Fix and flips require much more concentrated […]
