The Basics of Ground Up Construction

Ground up construction is the process of building a structure from the ground up, starting with the foundation and ending with the finishing touches. This type of construction is often used for new buildings, as well as major renovations or additions. In this article, we will discuss the basics of ground up construction, including what it is, and the process involved.

What is Ground Up Construction?

Ground up construction is the process of building a structure from scratch, starting with the foundation, and ending with the finishing touches.

This form of building differs from other categories like renovation or remodeling, which focus on improving an existing infrastructure.

The process of ground up construction is used in building new houses or structures, but it is also applicable for extensive renovations or add-ons that necessitate a comprehensive rebuild.

Read More

CONTINUE READING

Avoiding Common Pitfalls in Fix and Flip Projects

Fix and flip projects can be a lucrative investment opportunity, but they also come with their fair share of risks and challenges. From unexpected costs to market fluctuations, there are many pitfalls that can derail a fix and flip project and result in financial losses.

In this article, we will discuss some of the most common pitfalls in fix and flip projects and how to avoid them, so you can maximize your profits and minimize your risks.

Understanding the Fix and Flip Process

Before we dive into the potential pitfalls, let us first review the fix and flip process. Fix and flip projects involve purchasing a distressed property, renovating it, and then selling it for a profit. The goal is to buy low, invest in renovations, and sell high.

The process typically involves the following steps:

1. Finding a property: This can be done through various channels, such as real estate agents, online listings, or networking with other investors.

2. Securing financing: Most fix and flip projects require a significant amount of capital, so securing financing is crucial. Options include traditional loans, hard money loans, or private investors.

3. Renovating the property: This is where the bulk of the work and investment comes in. Renovations can range from minor cosmetic updates to major structural changes.

4. Marketing and selling the property: Once the renovations are complete, the property is listed for sale, and the goal is to sell it quickly and for a profit.

Read More

CONTINUE READING

How to Secure the Best Fix and Flip Loan Rates

If you are a real estate investor looking to flip a property, you know that securing the right financing is crucial to your success. Fix and flip loans are a popular option for investors. In this article, we will discuss the key factors that can help you secure the best fix and flip loan rates.

Understanding Fix and Flip Loans

Before we dive into how to secure the best rates, let us first understand what fix and flip loans are. These are short-term loans used by real estate investors to purchase and renovate a property with the intention of selling it for a profit. These loans typically have higher interest rates and shorter terms than traditional mortgages, but they also offer more flexibility and faster funding. Quick Real Estate Funding can close within 10 business days after collecting all necessary documents.

Types of Fix and Flip Loans

There are several types of fix and flip loans available, including:

  • Hard money loans: These are short-term loans that are secured by the property being flipped. They typically have higher interest rates and shorter terms, but they can be funded quickly.
  • Private money loans: These are similar to hard money loans, but they come from private individuals or companies rather than traditional lenders.
  • Bridge loans: These are short-term loans that can be used to bridge the gap between purchasing a property and securing long-term financing.

Read More

CONTINUE READING

Investing in Real Estate in Connecticut

As an investor in the real estate market, Connecticut presents excellent opportunities to build wealth and generate income. With its strong economy, diverse population, and highly educated workforce, Connecticut offers real estate investors numerous advantages. The Connecticut real estate market has seen considerable growth in recent years. Median home prices have risen steadily and the state has become increasingly popular for relocating families. This has resulted in an increase in demand for rental properties, which in turn has created a strong rental market and made multifamily properties a great investment.
Read More

CONTINUE READING

Why Are Rental Loans (Buy and Hold) so Popular among Real Estate Investors?

It’s no secret that rental properties are a big investment for many Americans. According to the Census Bureau’s last report, there are over 20 million rental properties in the U. S. With a hot real estate market, first time home buyers are being priced out. This is creating a high demand for rental properties and investment opportunities. A Rental Loan helps real estate investors acquire investment properties at a fast pace.

 

If you’re looking for a rental loan to help you invest in a property, check out these 3 reasons why rental loans are in demand. 

Read More

CONTINUE READING

Best Hard Money Lender for your Real Estate Investments

Hard money lending has proven countless times repeatedly as the easiest and quickest way to finance most of today’s real estate investments; hence what is a hard money loan, if not for investor’s primary source of funding a real estate deal. As America’s reputable and trustworthy fix and flip lender, www.QuickRealEstateFunding.com helps borrowers build a bright financial future through real estate investments. As a hard money lender, we have a joint initiative: to make available real estate loans for buying and rehabbing fixer uppers fast. Our Fix and Flip Loan product, focused on the as-is and after repair value rather than the borrower’s personal income or loan to debt ratio. Traditional lenders have stricter guidelines, requires lots of documents, very time consuming and harder to get approved. Real Estate Investors find the loan process for Private Money Lending, simple and quick with no income verification. The real estate market is extremely competitive right now and time sensitive, being able to close within 2-3 weeks is extremely helpful!

Read More

CONTINUE READING

What is the 70% Rule?

The 70% rule is a common term used by many Real Estate Investors when fixing and flipping houses. The rule is basically a standard equation to go by when figuring out how much you should pay for a property depending on its overall worth and investment costs. In general, this can be a helpful guide, but it is not a flawless solution that can be used without considering all factors of the property.

The rule states that the buyer/investor should be paying 70% of the ARV worth (after repaired value) minus the cost of any repairs needed. Therefore, if the home’s ARV is $130,000, 70% of that would be $91,000 – but the property needs a total of $15,000 in repairs. You would then subtract $15,000 from $91,000, meaning the 70% suggests that you should pay $76,000.

Read More

CONTINUE READING

Top Five Mistakes to Avoid When Flipping a House

Flipping a house requires lots of work such as designing and overseeing renovations, budgeting, and hiring out contractors. You need to make sure that you know the housing mmarket, your own money and time budget, and what your profit margins are before going into any new project. Flipping a house is labor intensive and if done correctly, the reward is truly worth the effort. Below we have listed the top mistakes that any new home buyers, or investment property owners will want to avoid when looking to flip a house.

Do not spend too much money on the house

Of course, it is easy to get swept away in the project and to blow your budget by thousands if you’re not careful. Whether that is upgrading the heating system, or splurging on high-end finishes, you don’t want to break the bank on the house. Although this may seem counterintuitive, it is important if you want to get any financial gain out of the house. Whether you are planning on living in the house or selling it, ensuring that you spend less than 70% of your projected after-repair value for the home will pay off in the long run.
Read More

CONTINUE READING

Using Bridge Loans to Fund Short Term Rentals or Airbnb

Can bridge loans help to fund something like a short-term rental, including Airbnb properties? The short answer is yes, but there is a little more to it to keep in mind.

How Can I Fund My Short-Term Rental or Airbnb?

When it comes to funding your short-term rental or Airbnb efforts, it may seem as though more doors are being shut in your face, as opposed to opportunities to get the loan you need. It is true that some lenders are a little skittish, even as Airbnb has become one of the biggest sources of income to come along in quite some time.

Read More

CONTINUE READING
Skip to content