With the surge of short term rental websites like airbnb.com and homeaway.com, along with their ease of use for the consumer, short term vacation rentals are very much an option for today’s real estate investor. Location is everything in this scenario. If you live in a city that is popular with tourists, you may want to look into the vacation rental market.
Most of us have been in love before. Some of us fall in love more quickly or more often than others! Oh, that feeling! There is nothing like it.
Are you actually in love with with real estate investing? You could be. Some of the very tell-tale signs of love between humans are also indicators you have fallen - and fallen hard - for real estate investing.
PART 1: Chris Jameson just released a Hard Money informational podcast! This interview details the many misconceptions about hard money, and some new ways you can use it to get ahead! PART 2: Last week we sent out a survey. We asked you guys for some insight.A HUGE THANK YOU!! to everyone who sent in a reply. Here are the results!
So, you’ve bought and renovated a little house, and just listed it on the market. Your investment property is a 3/2 in a modest but upcoming neighborhood. A great starter home for a young family. You’ve done a good job - and the market is hot - so several offers come in quickly. One, as is typical, is a very low-ball, “as is” cash offer. Another is a little lower than you wanted to accept, and the buyer is prequalified for a conventional loan. And, a third offer comes in several thousand above the asking price! And these folks are also pre-approved - for a VA loan.
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.
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.