Learn To Be A Fix & Flip Investor

Tuesday, August 30, 2016

Curb Appeal is

A huge aspect to consider when flipping a home is curb appeal -- the outside of the house. You might need to paint, landscape and fix up the driveway, which adds to the budget. If you've bought in a pricey neighborhood, mowing the lawn and repairing the fence may not be enough -- there could be homeowners' association fees. In up-and-coming neighborhoods, you might have to budget for security measures. once you have your budget, and your California Hard Money loan you can choose your spot to buy your home. Once you've decided on what kind of house to flip -- new construction, a fixer-upper or a foreclosure -- you need to figure out the neighborhood. Don't skimp on the research here. Make sure you really investigate the area -- drive around during the day and at night, check recent sale prices and find out if any other flippers are sitting on empty houses. If you've decided to flip a new home, your options are somewhat limited to what's being built in the area -- typically in housing developments. Some communities also have restrictions on buyers, requiring them to live in the house so the community doesn't end up a ghost town. If you've opted to buy a home in foreclosure, you'll be buying from a lender -- foreclosed homes are also known as REOs, or real estate owned by the lender. Purchasing an REO is a lengthy process, typically six to eight months. This is because for a bank to foreclose on a home, it must file court papers against the homeowner, which takes awhile. If it's an auction, you're ruled by that timetable. And because the home is sold "as is," banks might not be as willing to hand out a loan. In this case definitely find Hard Money Lenders California, because they will hand out a loan for a properly that need renovations and work. If you're determined to buy a house in foreclosure, there are plenty of Web sites that list REO houses, often for a fee. And many lenders, like Fannie Mae, list the homes they have in foreclosure. A warning here: Many of these sites will let you search for homes anywhere in the country, but experts agree that one of the biggest mistakes flippers make is buying a house sight-unseen. The photo of the house may be pretty, but there's no way to guarantee anything else. It doesn't give you any clues about the neighborhood, and there's no way of knowing how old the picture is.

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.

Technorati Tags: califronia hard money loans,california hard money

Fixer-Upper Budgets

If you're working on a fixer-upper, the budget starts to grow when you consider the renovations you'll need to make. According to most experts, you should add 20 percent to your estimate for the final cost. If you overestimate, you get a surprise windfall -- but if you underestimate, you get stuck with unexpected bills. However many of these cost can be built into an California Hard Money loan. Structural improvements -- like plumbing, electrical, insulation, pest control, and HVAC -- are typically the least sexy but most important improvements a flipper can make. New hardwood floors and coat of paint may get buyers in the door, but a termite problem can kill a deal quickly. If your technical skills are lacking here, you'll have to figure in the cost of labor, too. Most real-estate agents advise fixing up the kitchen and bathrooms for the best return on your investment. In addition to the structural changes, this can include new cabinetry, counters, hardware, sinks, backsplashes, appliances, floors and lighting. Kitchen upgrades can be expensive, but they make a big impression like granite countertops and wine storage, for example. You could also decide to go green, which can add value to the house when the improvements are marketed as money-savers. Obviously, you'll keep costs down if the house is in good structural shape and just needs updated paint and carpets -- but things can quickly get pricey, especially if you're using contractors and outside labor. Again in California make sure to utilize an California Hard Money loan to help get the funds to pay contractors and outside labor.

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

Monday, August 29, 2016

How can school zones affect your business as a California hard money lender?

There are many things that can influence the real estate market. One of the biggest is often the school zones that are surrounding the area of property that you want to use. As a California hard money lender you should always be looking at the school zones of potential investments. They could have negative or positive affects in the long run.

When trying to find the best places to settle down and live for the next 10 to 15 years there are many things that have to be taken into consideration. Finding the right school district is one of those things. No, it may not matter to those people looking to retire, however, if they plan on selling the home or land down the line it may behoove them to live in a good district. Some people will argue that living in a “good” school district has little to do with education. This can be true, however, even if your child would be getting the same education elsewhere there are more likely better resources.

When you are looking at property based on the school districts you have to look at it on a grand scale. People are not just getting a better education for their children they are essentially getting a better life in the long run. On paper, better schools mean a better area to live in; which in turn means a better life for your family. For a California hard money lender this means more business with more affluent people. Say, for example, you are lending an investor a loan to fix and flip a home in San Clemente and the home is within a fairly decent school district. This could potentially lead to you being able to help more people move into the city.

As a California hard money lender having your business focus on school districts could be beneficial.

Now when you want to build your clientele and business you should always be looking for an advantage over your competition this would be the best place to start. One of the biggest reasons is because of the way that people are. Those 20-year-old young adults will eventually become parents; with the mindset that this area will most likely be their home for a while. Eventually once that time is up they are going to sell that home or store front to another person that wants the same as them. It spawns a revolving door for potential borrowers in the neighborhoods that you want your business in.

Can a bad school zones affect California hard money lenders?

To keep it short, yes, bad school districts can affect California hard money lenders. There has to be a negative with every positive and bad school districts can have adverse effects if not handled properly. Property near a lower quality school district could potentially mean that less people will be moving in and less structures are being built. In the long run it could mean less people in the community and less revenue.

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.

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.

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

Learn To Be A Fix & Flip Investor

Featured Post

The Big Show is Coming to Town.

Tuesday, August 30, 2016

Curb Appeal is

Fixer-Upper Budgets

Monday, August 29, 2016

How can school zones affect your business as a California hard money lender?

As a California hard money lender having your business focus on school districts could be beneficial.

Can a bad school zones affect California hard money lenders?

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

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