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Investing in real estate is quite difficult and different as compared to investing in stocks because of the many legal and financial implications involved. Therefore, it is better to always brush up the basics and keep it simple. This article enlists 5 tips for real estate investors who are looking to maximize their investments and get good results. Follow these tips and you’re sure to keep your game strong. 1. Location Matters A Ton; Maybe More   No matter which real estate property you decide to invest in, make sure it’s in a good location. If you’re just starting, look for a good street or locality and spot a property that may need fixing or renovation. This will allow you to build equity. Moreover, once you’ve refurbished the property, you can sell it to someone looking for a house that’s ready to be lived in. in professional real estate terms, this renovation of old properties and selling them to prospects is called ‘fixing and flipping’. 2. Research All The Tax B...

If you are looking forward to stepping into the world of real estate investment and make some profits, you need substantial capital. However, if you do not have the money but the right ideas, you can seek loans that will help you invest the money in the right place, make good profits and repay the loan easily. While in the past, people depended on banks and other traditional lending companies to give them loan, these days private money lending has also become very popular due to a number of reasons.   Private money lending is the best option when banks and other credit companies refuse to give loans due to bad credit history, lack of documentation or just because they do not trust the idea the borrower presents. The best thing about private money lenders is that they do not focus much on things that banks and other credit companies look at; rather they focus on the property that you are interested in buying and how much value it holds so that they can sell it and recover thei...

Do you identify yourself as a real estate investor looking to diversify their investment portfolio? Then you’ve come to the right place! As a real estate investor you have to eyeball a whole lot of properties before you find the perfect one that looks like straight out of your dream! However, now that you’ve finally found it, how do you finance it? In this article we explain how you, as a real estate investor can finance properties with ease. So let’s jump right in! First Off; Be On The Offensive The most important tip that we can ever give you is to be a strong borrower, that is, have a strong credit score. A good credit score can earn you less interest in the loan, while a lower score can get you a higher interest rate.   You also want to have an ample amount of reserves to ensure that you can secure the loan and will be able to pay the monthly payments. Your loan terms will be based on these factors, the loan-to-value ratio and the additional terms your...

Hard money is borrowing money from investors or individuals who lend money depending on the property used as collateral. When traditional lenders do not approve loans, or loans requirement happen quickly, hard money loan is the only option. Most loans need proof of repayment. Lenders are generally interested in the credit scores and the income available for loan repayment. If you have a good history of loan borrowing and repayment (measured through debt to income ratio), hard money loans Houston will be approved. The Approval Process Getting loan approval with traditional lenders is a slow process- with a lot of income and good credit scores. If there are negative items in the credit reports, this process might take longer and might not even get approved. The lenders of hard money take an altogether different approach. These lenders lend depending on the collateral that secures the loan. They are not concerned regarding your ability to loan repayment. When you are unab...

Hard money loans have become the go-to for house flippers who can’t borrow money from a bank. It could be that their credit isn’t great because the deal doesn’t pass a traditional lender’s strict guidelines. The borrower’s cost of hard money, the interest rate, and the loan origination fee are higher for these reasons. The rates are higher but fixed on hard money loans, Houston to compensate the lender for the increased risk of the deal. What is a Hard Money Loan? A hard money loan is a loan backed by a ‘hard’ asset, a tangible property that produces profit to repay the loan quickly. In contrast, a traditional mortgage is secured by the value of the home and backed by the borrower’s ability to repay the loan in monthly instalments over 15 to 30 years. How are hard money loans different? There are several notable differences between hard money loans Huston and traditional loans: ·          Hard money loans have terms of 6 to 8 months...

The concept of borrowing from financial institutions and banks is slowly taking a backseat due to the plethora of formalities and conditions required to be fulfilled by the borrower in order to be eligible for borrowing a specific sum. The concept of hard money lending is slowly gaining pace as it helps borrowers to do away with the formalities associated with the conventional form of lending. Many borrowers who haven’t yet explored the arena of private borrowing may not be aware of the concept of hard money lending and the benefits that  hard money lenders in Houston  provide over other types of lenders. The primary purpose of borrowing from hard money lenders is the facility of quick approval of loans and applying for money in cases where the application has been rejected by conventional lenders. Apart from that, there are several other reasons for seeking assistance from hard money lenders some of which are mentioned below – Immediate funds to close an escrow With h...

Hard money loans are often associated with not a good market reputation which is completely undeserved. This is mainly because  hard money loans in Houston  are funded by private investors as opposed to banks and registered financial institutions for conventional lending which gives a vibe that is associated with some kind of insecurity. But the true fact is that hard money lending provides more benefits than traditional lending and are specifically based on the value of the investor’s property instead of the financial history or credit score of the borrower. To reap the benefits of this kind of lending it is better to know what such funding option entails and how to make the most of such an opportunity. What is hard money lending? Also referred to as bridge loans or private money loans, hard money loans are short-term borrowing options that are secured by a real estate. They are usually funded by private investors with a lending period of about 12 months, extendable up t...