There are many good reasons for residential real estate investors to engage with local and state Real Estate Investors Associations (REIA’s); In general, they are reliable for helping investors learn to fix, flip and rent investment properties according to the best practices of quality and profitability. Continuous change in technology, materials and the real estate market mean that best practices …
Local Hard Money Loans Suggested for Local Fix and Flip Investors
Local Investors Should Quote Local Hard Money for Fix and Flip Loans, as National Players Drive Online Competition Up, and ROI Down Today’s fix-and-flip market is the hottest it’s ever been, with flips as high as 11% of the total residential market in Q4 of 2018, so the lending market for funding the flip is becoming as diverse and competitive …
What Credit Score Do You Need for a Competitive Rate on a Fix and Flip Loan?
What Credit Score Do You Need for a Competitive Rate on a “Fix and Flip” Real Estate Investment Loan? The lower your credit score, the higher your rate for a “hard money”, fix and flip loan, right? Not necessarily. At MM Lending, we have been flipping houses as well as funding local, residential real estate investment loans since 2005 … …
How to Formulate a House Flipping Business Plan
House flipping can be lucrative. Before you get into house flipping, though, it’s a good idea to come up with a plan regarding your goals and objectives. Perhaps you should write a business plan. By doing so, you’re going to force yourself to figure out what you want to do in concrete terms rather than vague ones. Designing a plan …
Real Estate Investments Could Pay Big Dividends Down the Road
Well, how much risk can you afford right now? One of the reasons people like to invest in real estate is because the right property in the right spot at the right time can yield huge profits. So, investing in a $50,000 piece of land that ends up selling for $500,000 “down the line” can be quite lucrative. Whether that …
Reasons to Consider a Fix and Flip Loan
When a person “flips” a house, they generally buy it at a low price and fix it up so it’s nice and ready to command a better purchase price. Then they sell it for a nice profit. For example, a flipper might buy an old house in a city for $40,000, make some repairs, give it a paint job, install …
Why Real Estate is a Smart Investment For Young Adults
Young adults are often advised to start investing and saving for retirement early. This is good advice because the earlier you do start investing the more time your investments have to grow and work for you. Most investment advice for young adults is aimed at traditional options like stocks and bonds; however, real estate is actually a great investment choice …
The Benefits of Flipping Houses
Flipping houses is an interesting business that has been brought into the public consciousness as a result of reality TV shows focused on this niche enterprise. There are certainly benefits of flipping houses, and a couple of risks to consider. These are some of the benefits and risks involved with flipping houses. Benefits The main benefit of flipping houses, and …
Why Real Estate is a Sound Investment
Real estate can be a good investment depending on the place and time. For example, if you bought a home in a budding market for say $100,000 back in 1995 when it was an okay place, today, in 2017, it might be worth significantly more if the area has improved to the point where more people want to live there …