Some real estate investors have an abundance of cash, while others are cash poor with a healthy income. Still other potential investors may be both cash and income poor. Within each of these various financial situations are several other variables that play a role in determining the most appropriate investment
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Thinking about breaking one of the Borrower’s Ten Commandments? It’s not a good idea. You’ll find that lenders will not easily absolve you of the borrowing sins listed below. You may even find yourself in credit purgatory for several years if you have repeated transgressions. Avoid falling from your lender’s
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Choosing the right lender to fund your house flip can be a make-or-break decision. Successful real estate investors know not to take this decision lightly. Making a smart choice involves getting potential lenders on the phone and understanding the whole process, not just points and rates. You’ll want to dig
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What are people really looking for in a property today? It seems to depend largely on the age and generation of the home buyers. Let’s look at the major age brackets of buyers that make up the housing market and consider what type of property each generation is looking for
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Some houses stay on the market way too long. Why don’t these houses sell?! This question is something you can ask yourself retrospectively in desperation, or you can ask it in a proactive manner as you plan the details of your house flip. Some small factors that are under your
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We all know that there is no better way to make money than to take matters into your own hands and create your own opportunity. Instead of riding the wave of the economy, hoping someone will hire you at the wage you desire, more and more people are becoming property
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What is Home Staging? Home Staging is at its foundation the basic economic principle of improving upon a product thereby attracting more buyers which increases its selling price. If you go to the store to purchase a product you are most likely to pay retail when the product is packaged
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What is a HUD Home? You may be asking, “What is a HUD home?” A HUD home is a home being sold by the United States Department of Housing and Urban Development, also known as HUD. HUD is the insurer of mortgages to homeowners through its Federal Housing Administration (FHA).
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Underwriting is the process of evaluating a borrower’s credit, income, assets, and collateral to determine the creditworthiness of a borrower. As the underwriter for Rehab Financial Group, LP, I make sure the borrower has the ability to repay their loan with a minimum risk of default. Is Credit Just a
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It’s as important as ever for real estate investors to consider adding rental properties to their portfolios. Most of you reading this are probably sticking to the “buy-rehab-sell” house flipping technique, which is a lucrative strategy, but smart investors in any industry will tell you to diversify your portfolio for
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