Hard Money Information And Tips

When you’re self employed, you get to enjoy all sorts of freedoms, such as being your own boss and setting your own hours. But one of the things you’ll learn quickly is that other things, such as getting a loan for a home, can be unnecessarily difficult. Most people who aren’t self employed have a fairly straightforward process. They’ve got their W-2 and income records that show stability and a consistent income. The self employed don’t always have that luxury. You may need to provide 1099s from anyone that paid you over the last two years, In addition, you have to provide accounting records so that lenders can verify how much you made after expenses were taken out. Of course, that isn’t to say it’s impossible to get a mortgage. You’ll just need to be better prepared and organized. Here’s what you’ll want to have before you approach your bank or lending institution:   A copy of your free credit report  A letter from your tax preparer showing your gross and net ann...

Want to start flipping homes but don’t know what to look for when evaluating a property? It’s an easy trap to fall into, especially for first-time investors. You have so many questions and no real direction -- until now. Let’s take a closer look at one of the key factors that will determine how quickly a fixer upper might sell after rehab -- its ARV or After Repair Value What’s an ARV? The ARV is a metric used by investors in order to determine how “strong” an investment property is. Essentially, it’s an estimate of what a property is worth after all of the work has been done. You simply estimate how much rehabilitation has been put into it, along with the sales of similar properties in the neighborhood (once the appraisal of your own property has been done). This gives you a general number to aim for when it comes to selling the property on the real estate market. How Do You Calculate the ARV? So, how exactly do you calculate this number? The first step is to apply for a loan. ...

What real estate investor doesn’t want to take advantage of more deals, especially fix ‘n’ flip deals in hot, in-demand real estate markets? But where do you find these diamonds in the rough? The good news is that for the keen-eyed investor, there are many resources available -- you just have to know where to look! Wholesalers  Wholesalers are fantastic options for real estate investors -- they’re like the human search engines of fix’n’flip deals. They find these deals, along with the seller of the property in need of repair, and then send the property details to a buyer through a real estate investing network at a great price. If there’s a match in terms of what the investor is looking for and it looks like a good deal, then the investor works with the wholesaler to buy the property. It’s that easy! Auction Websites There are a variety of auction websites out there that host properties in need of repair, including Auction.com and Zillow.com . As an investor, you can searc...