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Landlords’ Dilemmas – Deposits, Pets & Credit Checks

Landlords’ Dilemmas – Deposits, Pets & Credit Checks

A Fix and Hold loan is ideal for the investor wanting to create a portfolio of rental properties. And so, with the dilemma of funding out of the way - with Freedom Private Money at the forefront - the rest of the process should be a breeze, right?

Not so fast. Being a successful landlord involves a lot more than collecting a bunch of money at the first of each month. Truthfully, to be a successful landlord you need successful tenants. What is a successful tenant? One that pays his rent on time, of course, but a whole lot more as well. 

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Effective Ways To Keep Crews Motivated

Effective Ways To Keep Crews Motivated

Fix and Flips are a favorite of the real estate investor and a perfect fit for the hard money loan. Simply put, buying a property that needs a facelift then quickly getting renovations done and back on the market is a great way to quickly increase wealth. Leveraging a hard money loan makes this scenario viable for many. A hard money loan funds quickly and leverages the value of the property as collateral on the loan. Using a hard money loan, an investor can grab a property quickly and then, with a good crew of contractors, renovate and sell it again, all within a matter of weeks.

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Paint Colors for Real Estate Investors

Paint Colors for Real Estate Investors

When working on a real estate investment flip, cosmetics are very important - this is what your typical buyer will notice first. Many times, an investment flip is an older home, it may or may not need extensive physical repairs, but very likely it will have a dated appearance. This is where you get to put in an updated bathroom and kitchen, and new flooring and suddenly it’s a nice, modern home. New cabinets and tile, new countertops and hardware - these are sure fire hits with your buyers.

What about wall colors? The best approach when it comes to paint for your investment flip is to play it safe! Now is not the time to unleash your fierce designer inner spirit animal. Save that for your own home.

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Happy Birthday U.S.A

At Freedom Private Money, the 4th of July means a lot to us! As a veteran-run business we cherish the many freedoms we enjoy here in the U.S.A.!

We believe that together we can ALL achieve the American dream. Whether your goal is to own 100 rentals, flip 100 houses or become
the best real estate agent or wholesaler in the world, Freedom Private Money wants to help you attain those goals. Give us a call and let's talk about real estate goals and your financial freedom.

From all of us at Freedom Private Money, we hope you have a great 4th of July holiday!

P.S We are closed on July 4th & 5th, but we will be back in the office on
Monday, July 8th

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What About Properties on MLS?

Chris, CEO of Freedom Private Money fields a lot of questions from investors. Recently, one of the questions was about properties that are already listed on MLS. Are they something the real estate investor should be looking at? Can an investor come out on top when making an offer on an MLS listing?

There are a couple good strategies that Chris recommends. When dealing with a property that is listed on MLS, it’s important to keep in mind you will need to make the deal attractive to the seller to get the pricing needed for it to be a wise real estate investment. 

The buyer/investor can differentiate his offer - even if it’s a low offer - by offering a cash deal and a short closing timeline. Keep in mind, in this scenario it’s important to let the title company know that private financing will be used.

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6 Habits That Help The Real Estate Investor Grow Their Wealth

6 Habits That Help The Real Estate Investor Grow Their Wealth

As a real estate investor, you are probably always focused on the current deal you are working, working fast to complete a flip or get tenants into your new rental property. And probably, before that project is wrapped up, you are focused on looking for the next one. It’s a great plan, keep moving, keep growing, and wealth will come, right?

It IS a great plan. But, the successful real estate investor is also taking the time to use smart money management practices and tools, to maximize their financial clout.

The very first item on our list is using and sticking to a budget. In any flip or investment property, the budget is vital. Know going in approximately how much your rehab will cost. Of course, there needs to be some fluidity to the budget, but keep a record of expenses, and get granular about it. Not just $946 spent at Home Depot, but what was that for? How much went into bathroom upgrades and how much was spent on lighting? Keeping track of these numbers will help you become better at estimating costs upfront and will therefore make your future investments leaner and better

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Dads, you all rock! Real Estate Investor Dads, you’ve GOT THIS!

Dads, you all rock! Real Estate Investor Dads, you’ve GOT THIS!

There are all types of dads out there. There are hard-working dads and fun-loving dads. There are firefighter dads, military dads, office job dads, and construction worker dads. They all deserve a big cheer and thank you for all they do on Father’s Day this year! It’s a tough job being dad!

These days, more so than in times past, the role of “dad” is more flexible. Before this century, it was rare to find a dad that wasn’t a primary wage earner of the family and very likely the only wage earner. Many dads of past generations were not near as hands-on as our current crop of fathers. Today it is totally expected for dads to change diapers, warm bottles, and bathe kids. This was not the case a few generations past We probably all know a stay-at-home dad as well as a works-all-the-time dad. So, what exactly makes a man a good dad?

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Real Estate Investing and – The generally “unwanted” gift

We have all heard the term “white elephant”. Many recognize the term in connection to a holiday game where everyone brings a funny, weird, or generally “unwanted” gift and then, through drawing names, everyone chooses one, trades back and forth, etc. until everyone ends up stuck with a funny or strange item to keep.

The idea behind this game is very directly related to the term “white elephant” when it is used in the course of real estate transactions. It’s an important term for investors to be well aware of and paying attention to.

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What an investor should look for when it comes to the roof of a property.

Recently, Nick Sicilian met up with Mike from CMC Roofing in Dallas/Ft. Worth. Mike shared some valuable tips as to what an investor should look for when it comes to the roof of a property.

There are instances when an investor will not have easy access to the roof of a property he is considering for investment. This might be because it is a 2-story dwelling or many other reasons.

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Investor Friendly Realtors

Tony talks to us today about the role of the real estate agent when buying properties for investment purposes. As you may know, when it comes to real estate transactions, there is the seller’s agent and there is a buyer’s agent. The agent who is representing the property is obligated to work in the best interests of the seller, whereas the buyer’s agent is obligated to work in the best interest of the buyer. However, most real estate agents are used to dealing with the typical home buyer

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Buying Time. What is a year of your life worth?

If someone were to ask you to sell a year of your life, what would you charge for that? In other words, give up one complete year of your life, at what price? It’s a tough and challenging question but one that all of us should consider, at least in the abstract.

Why is this an important question? Well, for one thing, what you would sell it for is not really the question. Moreso, what is it worth to somebody else? Because it doesn’t matter what you would CHARGE if you don’t have a buyer. Ah, now things start to get really deep.

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You Flipped it. Now what?!

You’ve bought a place, and you’ve put in the work to renovate and get it ready to turn a profit. Now you’re ready to sell or rent! But wait - There are a few vitally important things to keep in mind when it comes time to list your investment property for sale or for rent. Here, Natalia Duque, Director of Marketing for Freedom Private Money, uses some of her marketing know-how to help you succeed with your listing. Hopefully, you’ve done your homework on comps and have set a fair price to turn a nice profit. Photos and description is what will get those potential buyers to your listing. This video focuses on the description and how to maximize its effect.

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