In some cases, you aren't buying your house just to turn around flip it. You might want to rent it out instead. There are several improvements that will make your house more rentable, increasing its appeal to tenants and letting them know that renting from you is a great way to feel more at home.
Sometimes, you just need a fix and flip house to sell fast. Maybe you've ended up in over your head, and making the payments is costing you more than you expected. Perhaps you don't want the house hanging over your head anymore. Whatever the case, when you need a house to sell fast, these strategies can help you get in the hands of a new buyer as soon as possible.
When you purchase and fix up a rental property, you expect a reasonable return on your investment. That means filling your rental units and finding renters who will pay their monthly rent regularly and on time. That can be a challenge, but you can simplify the process if you ask the right questions before they sign on the dotted line. Here are 6 questions you should ask renters before they move in:
When you fix and flip houses for a living, there's a point immediately after you finish repairs when you must decide what you want to do with the house. Are you going to turn around and sell it, or do you need to rent it for a while? By asking these questions, you'll discover whether you'll make more money from renting or selling the property.
In California, the real estate market has always been an opportunity waiting to happen. The key is having the knowledge, financial resource, and tenacity to capitalize on those opportunities. Luckily, from the novice just stepping into this market to the expert real estate investor, many seminars and classes exist to build even more relevant knowledge that increases success in the real estate market.
Trust deed investing is becoming more and more popular for several reasons. First of all, the returns are quite good, especially compared to alternatives. A savings account currently yields less than 0.5% and even long term federal debt instruments only yield about 2% per year. In contrast, trust deeds can yield 5 times as much per year for the same amount of money. However, many investors still question which type of Trust Deed Investing to pursue. Some like to use a fund structure while other prefer a note structure. Each has its advantages and disadvantages.
Hard money lenders are gaining more and more popularity for home flippers around the country. They are becoming easier to find and much more responsive to their partners than banks or other institutions. While they may have a slightly higher interest rate, they provide much more value and help house flippers complete deals in a much shorter timeframe than traditional lenders. There are a few reasons why hard money lenders are the preferred choice.
When you start your own fix and flip business, you want to be sure that you're setting realistic goals. While you'd love to have several properties in line at once, the number you can manage will depend heavily on your ability to manage them--not to mention the contractors you partner with to get the houses cleaned up and ready to go. By implementing these five strategies, you can be sure that you'll end up with realistic goals, rather than overreaching yourself.
Getting into the house flipping business offers its fair share of rewards but it also does not come without any risks. If you are new to flipping homes, then it can be tempting to taking on multiple projects all at once. While you may feel like you are missing out on a deal on a home, staggering multiple flips will help to ensure that your business has longevity.
Starting your own fix and flip business is an exciting yet daunting process and it can feel overwhelming sometimes. At Trust Deed Capital, we want to make sure that your fix and flip business succeeds and makes incredible profits. So, here are four tips, gleaned from the helpful advice of professional house flipper Justin Williams, to ensure a smooth start to your fix and flip project.