Learn To Be A Fix & Flip Investor

Monday, August 29, 2016

Do you need to focus your business on celebrity real estate as a California hard money lender?

California is one of those places that gives you that feeling of fame and fortune. It comes with the territory to be honest; you see that glitz and glam and it gives you an air about yourself that is different from other places. From that movie premier to seeing your favorite actor eating at a local bistro, California is the place that you want to be. However, as a California hard money lender, is celebrity real estate the option for you?

For people that move to places like New York are like crucibles to test your grit and determination. California has the laid back appeal of that everyone loves; especially celebrities of the A-List variety. Obviously there is a market for celebrity real estate and it does not always have to be with actual celebrities. For investors new to the state, should look into this type of real estate if they are looking to making some profit.

As a California hard money lender it could be advantageous to dabble in the celeb realty market. There are so many things can be done that stem from working within this industry as well. Of course you can always go the fix and flip route with lending loans to investors that are trying to buy a home that so and so lived in a few years ago. The market is always open for people that are looking to live in a place that an actor or famous writer has lived in. You have to be on the ball when it comes to looking for investors like this, however. Just like a lot of careers, these types of listings could be on the market quicker than the blink of an eye.

What other forms of real estate can a California hard money lender can benefit from celeb real estate?

The fix and flip market is not the only avenue that you have at your disposal when it comes to the celebrity real estate market. There are hundreds of different ideas that you could possibly invest your money in. For example a lot celebrities are branching out and getting to the franchise business. Depending on location and how much time and effort. For example, say a top chef has decided to open a line of restaurants in the Southern California area. Most likely the business will be moderately successful and you will get your money back within the first couple years of the loan.

When you are focusing on celebrity clients, as a California hard money lender, there may be less issues.

You can never be too sure when you are dealing with a new client, but with a celeb client you may have a better chance of a return on your initial investment. This means that you have to wait less time to go after another possible client. Less hassle, less headaches. Also it could mean more business from top quality clientele through word of mouth. Since you are a California hard money lender most likely you have to do a lot of your own publicity; with celeb clientele there is less you have to worry about.

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Budgeting is Key

The first piece of advice that most flipping experts give: Make a budget. While finding the perfect place and knowing your skill set (or having friends with skill sets) is important, budgeting is where new flippers most often fail. So where to start? First, get financing. This step was fairly easy when subprime mortgages like the ones at California Hard Money lenders were hot. These mortgages allowed buyers to pay little or no down payment. In exchange, they were socked with higher interest rates -- but when you're planning on owning the house for only a few months, that's a minor issue, and California Hard Money lenders can be a quick fix. When the market is flat, however, obtaining a mortgage for an investment property is more difficult, and sky-high interest rates empty investors' wallets when a property sits on the market. As a result, cash plays a much bigger role in getting that flip started. The bigger the down payment you can afford, the lower the interest rate. And, of course, it helps to have cash around for fixing up the flip. If you're planning to buy a new-construction home, budgeting can be simple. It's just like buying a home you actually plan to live in -- you need to cover the mortgage, insurance, taxes, real-estate agent and lawyer's fees, and that's about it. However, in a softening market, the supply of houses is much greater than demand, so you may own that property for longer than you plan to.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Budgeting is Key

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Fixer Uppers and Foreclosures

Fixer-uppers and foreclosures are what most people think of when flipping comes to mind. But it is possible to flip a house without doing any work on it at all. During the real-estate boom of the early to mid-2000s, flippers could buy new construction homes, hold on to them for a few months, then sell them at a profit. Now there's a trend toward trying to flip houses in new, high-end developments in outlying suburbs. If commercial and retail development. like big-box superstores, spring up, it could bring in droves of residents. But if the situation isn't perfect -- if gas prices rise, for example, causing home buyers to shy away from big commutes -- this kind of flipping becomes pretty risky.

So why do people flip houses? And what does the average buyer -- and seller -- need to know about flipping before investing? How much money can be made by flipping a house? And what kind of moral line do you walk by paying bottom dollar to people who have lost their homes? We'll address all of these issues as we investigate the art of house flipping.

If you watch home-and-garden cable channels, it looks like everyone is flipping houses, especially in California. "Flip This House" and "Flipping Out" are just a couple of the many cable offerings that sing the praises of buying a house and quickly selling it at a substantially higher price. With this many California Hard Money lenders have been popping up as well, but house-flipping is more like a basic investing lesson: Buy low, sell high regardless of what California Hard Money lender you go with. You want to find a property that is undervalued or in just bad enough shape that you can invest minimal time and money in it before selling it. There are people who have made careers out of buying distressed properties and quickly turning them around for a profit. However, in a real-estate bust, things aren't quite so easy.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Sunday, August 28, 2016

How to choose a Home

You’ve heard of “analysis paralysis?” It’s a disease for many would-be investors. While you don’t want to dive in blindly, if you have done your homework and have found a good deal, at some point you have to just go for it. If you can’t seem to take the plunge, ask financial advisors, like the ones at Hard Money Lenders California to help you make progress. Get involved with your local real estate investment club, or find an investor who can act as a sounding board. House flipping is, essentially, buying a house or property with the intent to sell it for a profit. These are the kinds of deals California Hard Money lenders are here for. But the logistics can get pretty complicated. There are a lot of decisions to make from the beginning. Where should you buy? If you purchase a house in an up-and-coming neighborhood, you're banking on the neighborhood increasing in value. If you decide to buy in a new development, you'll want to attract higher-end home buyers who want the luxury features and space offered in the suburbs. If all goes well, you could make a nice profit. But if something goes wrong -- faulty budgeting, timing issues, a crime spike in that up-and-coming neighborhood -- you could be stuck with a house you can't get rid of. So much in house-flipping depends on the real-estate market, which we all know is cyclical. During a boom, flippers have the upper hand and can almost name their price in some areas. But during a slow period, many of these fixed-up homes can sit on the market for months. Once you know where you want to buy, the next step is deciding what type of property you want to purchase. If you go for a fixer-upper, you're committing to improving the home, which takes time and money. If you buy a foreclosed property in an auction or from a bank, you could get a bargain on a vastly underpriced house. But remember that if the previous owners couldn't pay the mortgage, they probably couldn't pay for the upkeep, either -- so you might have to deal with a rodent infestation or a leaky roof.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Steps to Get Approved For an Investment Property

1. Gather your paperwork. Be prepared to provide copies of: two month’s worth of your bank statements, investment account, and retirement account statements (all pages; not Internet statements); the last two pay stubs if you have a regular paycheck job; driver’s license and Social Security card; and bankruptcy, divorce or separation papers, if applicable. If you are self-employed, you may be asked for some or all of the following: business license or occupational license, letter from your CPA establishing two years’ self-employment, last two year’s tax returns, business bank statements, and/or business financial statements.

2. Assemble your team. You will want an accountant who understands investment property tax strategies; a realtor or real estate attorney who can help you make sure you use the properly worded contract and include the right contingencies; a mortgage professional with experience in investment properties; an attorney who understands asset protection to help you form the right structure for holding your investment property (often a limited liability company or LLC); and an experienced insurance agent. I strongly believe all of these professionals should invest in real estate themselves since investment property transactions have special nuances. Advisors with investment property experience can help identify potential problems before they happen. One of the big ones: holding investment property in your own name, warns Rich Dad Advisor Garrett Sutton, an attorney and author of Own Your Own Corporation (Warner) How to Use Limited Liability Companies and Limited Partnerships (Success DNA). By doing so, you expose your real estate and personal assets if a lawsuit arises.
3. Get pre-approved. Before you start house-hunting, get pre-approved for a loan through a mortgage broker or through a lender like Hard Money Lenders California. Make sure to request this pre-approval in writing. That piece of paper can be very helpful when you negotiate the purchase of a property since it gives the buyer greater assurance that you won’t tie up the deal and not qualify. A note from an California Hard Money lender will give the seller assurance and will give you a leg up on anyone else competing for the property.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: califronia hard money loans,california hard money

Friday, August 26, 2016

Why you should be watching out for Orange County as a California hard money lender

We are still in the wake of one of the biggest recessions of the 21^st Century. Once the housing market burst many people were left not knowing what they were going to do. That being said we have come out of the muck and have begun to rebuild the cities for the real estate business. As a California hard money lender you should make the OC one of the places that you look out for.

When the real estate market went all but belly up in 2009, there was little that we could do. The prices for homes began to plummet and the ones that were already bought could not be flipped for a profit. California is one of those states that was hit pretty hard during the recession. There have been many opportunities for California hard money lenders, however, it still will take some time for the California to make its come back. One region that has been battling for its comeback has been the Orange County region in SoCal.

Why, you might ask? Well, quite simply there is not a large amount of homes being built in the region right now. But what is affecting the sale and pricing of homes in Orange County? Frankly, it is the high cost of living that is making things harder for California hard money lenders. No one wants to spend a ton of money for little space. Orange County being one of the wealthiest regions in SoCal people are finding it hard to purchase property and stay afloat at the same time. No one wants to pay an astronomical price on a home to not be able to turn it around for profit in after a couple of years.

So what can you do, as a California hard money lender, to tackle Orange County?

First and foremost you have to make sure that any investor looking to make a profit in Orange County has done a considerable amount of research on the properties or land that they intend on putting money into. You should personally take it upon yourself to look into how the market will change over the period of the loan that you are awarding your borrower. For example, there seems to be a high demand for homes but there are not a lot of them being built.

Also if you are a California hard money lender near the OC region it would be a good idea to make sure the borrowers that you are dealing with are credible and have a track record of success. Now as most know when it comes to hard money lending there are certain things that can be looked over such as credit. In regard to an area like Orange County it would be a good idea if the borrower that you are dealing with is in good standing credit wise, and have collateral that can cover the loan that they are asking for.

Should California hard money lenders even worry about Orange County?

Yes, to keep it simple, Orange County has a lot to offer. With a handful of great cities in the area there is bound to be a property that will yield a high turn around with the right amount of time and effort. For California hard money lenders this region will be a big money maker in the following years. There is a lot of potential.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Learn To Be A Fix & Flip Investor

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The Big Show is Coming to Town.

Monday, August 29, 2016

Do you need to focus your business on celebrity real estate as a California hard money lender?

What other forms of real estate can a California hard money lender can benefit from celeb real estate?

When you are focusing on celebrity clients, as a California hard money lender, there may be less issues.

Budgeting is Key

Budgeting is Key

Fixer Uppers and Foreclosures

Sunday, August 28, 2016

How to choose a Home

Steps to Get Approved For an Investment Property

Friday, August 26, 2016

Why you should be watching out for Orange County as a California hard money lender

So what can you do, as a California hard money lender, to tackle Orange County?

Should California hard money lenders even worry about Orange County?

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