The Benefits of Fix and Flip Loans

Buying a real estate property, repairing and selling it quickly tends to be a profitable recipe. However, a key component of this recipe to success is access to capital. If one does not have sufficient funds but is interested in rehabbing a property, a hard money lender who offers a fix and flip loans could be a great financing option. These loans are structured in such a way that allow a purchaser to quickly acquire the property and have access to a reserve of funds for construction and renovation costs.

Continue ReadingThe Benefits of Fix and Flip Loans

What Newbies Need To Know About Investment Property Financing

You have big dreams of owning real estate and retiring young. You simply don't have the funds to go out and buy the properties in cash (most of us don't either). This leads you down the path of financing with your local bank. Maybe you already own your own home and have been through the process of getting approved and signing the mortgage. This should be easy then right? Wrong, investment property loans are not like your traditional home loan.

Continue ReadingWhat Newbies Need To Know About Investment Property Financing

Some of the Things You Should Consider When Choosing a Property Maintenance Company

All types of buildings require maintenance. Whether residential or commercial, it is very important to take care of the property so as to have it in shape for many years to come. You therefore need a professional service provider so as to guarantee quality at all times. The company can conduct routine cleaning, emergency repairs, and so on. You need to be careful when making a choice to avoid unnecessary damages.

Continue ReadingSome of the Things You Should Consider When Choosing a Property Maintenance Company

You Want to be a Landlord?

The residual income from owning rental properties may bring more money into your life than the fast flip in the long term. If nothing else, the stress is reduced because a well-chosen investment will pay for itself until you the market is ready for you to sell. In order to make this idea work, you must plan carefully. Choose your property, choose your management approach, and choose your tenants carefully to make the most of your investment.

Continue ReadingYou Want to be a Landlord?

Can You Make Millions in Real Estate?

There are several shows on television that feature people buying properties and then flipping them after minor repairs. Many people make a profit doing this, but if you really pay attention, you will often only see what the house could make the owners. The shows often leave out when and for how much the home sold for.

Continue ReadingCan You Make Millions in Real Estate?

Ask These 6 Questions When Buying An Out of State Turnkey Rental

This financial literacy article is based on my experience as an out-of-state landlord with three rental properties in and around the Memphis, TN area. I bought my first rental property in 2011, my second in 2013, and my third in 2014. Investing in turnkey rental properties outside of your local area is cash intensive. You'll need 20% down for a 30-year mortgage. However, if you invest in a real estate market that has property values more affordable than your own, the reward is a nice monthly coupon you can bank on.

Continue ReadingAsk These 6 Questions When Buying An Out of State Turnkey Rental