The Close

NOVEMBER 7, 2024

Hard money loan: These loans typically have a short-term period of 18 months or less (but some hard money loans can be as long as three years) and involve a lender or investor giving you money directly. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan 98

Hard money loan Purchase and sale agreement Investor Due diligence 98

The Close

NOVEMBER 25, 2024

For example, you can get a Federal Housing Administration (FHA) loan and pay a smaller down payment if you purchase a triplex where you plan to live. On the other hand, if you’re purchasing a property that needs renovations, consider taking a hard money loan.

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Investor 105

Marco Santarelli

NOVEMBER 23, 2024

This includes reviewing property inspections, understanding the zoning regulations, and exploring the potential risks and rewards associated with each property. Utilizing Hard Money Loans Hard money loans are short-term loans that are secured by real estate.

Hard money loan 52

Hard money loan Purchase and sale agreement Due diligence Renovation 52

The Close

NOVEMBER 12, 2024

Inspect the land: Take a stroll on the property—bring your favorite boots. Industrial: Warehouses for storage, discount wholesale stores, lumber yards, or factories. Hard money: Hard money loans are short-term financing methods, usually set for under 18 months. It helps to be in the know.

Land 98

Land Investor Finance Development 98

HomeLight

FEBRUARY 9, 2023

Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Even if something went wrong, you likely wouldn’t end up losing money. Donate recommends a hard money loan as the top financing strategy for flippers. But, how do you account for the unexpected?

House Flipping 105

House Flipping Hard money loan Finance Renovation 105

HomeLight

FEBRUARY 24, 2023

I never recommend that someone skip a home inspection. If a buyer chooses not to, we have them sign a release stating that we advised them to have a home inspection and they waived it. I never recommend that someone skip a home inspection. Even if something went wrong, you likely wouldn’t end up losing money.

House Flipping 100

House Flipping Inspection Renovation Finance 100

HomeLight

JANUARY 19, 2023

Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. An inspection might cost a few hundred dollars, but a $400 inspection can keep you away from a $10,000 or $20,000 problem,” he says. But, how do you account for the unexpected?

House Flipping 105

House Flipping Inspection Renovation Finance 105