If you're looking at a property with the intention of renovating and remodeling, you need to recognize a bad sign when you see it. If those bad signs start piling up, then a challenging renovation can turn into an absolute nightmare. To ensure you don't get sucked into a money pit, make sure you look for these 4 signs before putting your name on the dotted line.
Three Ways To Take Advantage of The California Summer Real Estate Season
Posted by Ken Meyer on Thu, Jul 28, 2016Summer is moving fast, and if you're in the market to buy a home in California, it's time to take action before the season ends. The reason summer is such a good time to buy a house is because so many conveniences exist.
4 Problems With a Fix and Flip Property that Are Easy to Overlook
Posted by Ken Meyer on Tue, Jul 19, 2016When you're picking up a property to quickly fix and flip, you want to be sure that you aren't running into more problems than you can fix. Some potential problems with a fix and flip house are easy to overlook on your first walk-through. Make sure you take a second look to avoid more serious problems.
5 “Little Things” You Can Do To Make Your Open House More Appealing
Posted by Ken Meyer on Wed, Jul 13, 2016You've painted the walls, replaced the appliances, and transformed your real estate investment from a drab, dilapidated property to an attractive, warm, and inviting family home. Once you've listed the house online, it's time to plan your first open house. What can you do to make the open house as successful as possible?
CA Property Rehab Checklist: Four Things to Look for When Evaluating a Property
Posted by Ken Meyer on Tue, Jul 05, 2016Investing in property in California is a daunting task, to say the least. Choose the right property and you'll reap the rewards; the wrong one will end up costing you dearly. Even the most experienced real estate investors occasionally find themselves on the losing end of a deal. Don't let that keep you from investing, though. You can minimize the potential for losses if you remember these four things to look for when evaluating a property.
As a hard money loan officer, I like to think of myself as a soldier on the frontline. I am in the trenches looking at fix and flip loan scenarios, speaking with Small Balance Real Estate (SBRE) entrepreneurs, buyers and sellers agents, and attending lending conferences. Based on the trends that I am seeing, below is what I believe you can expect this summer in the California fix and flip real estate market:
The question that every small balance real estate (SBRE) investor should ask themselves on every property they purchase is: How can I maximize my return on investment? There are several areas that you can make a small financial investment in your property and maximize your returns upon sale. The MLS is full of examples of the do’s and don’ts when marketing a property for sale. These suggestions have helped me add value to my investment real estate for next to nothing out of pocket.
The 3 Most Common Challenges Faced By California Fix and Flippers
Posted by Ken Meyer on Tue, Jun 14, 2016Things have come a long way since the housing bubble crash of 2008 and the years following, when around 80% of homes on the market were foreclosures. It was a golden time for house flipping. That's mostly not the case now, so home flipping definitely has some challenges. Those challenges increase in areas like Southern California, where home prices are higher than the average in most parts of the country.
3 Areas in Southern California That Are On the Rise for Fix and Flips
Posted by Ken Meyer on Wed, Jun 08, 2016Finding fix and flip properties is a great way to achieve a steady monthly net profit for your invested dollars. House flipping is where you own a home for less than 12 months before selling it at a profit. The longer a house you fix sits on the market, the more expenses you incur. You'll first want to know where the hottest property markets are for the highest capital appreciation. Since Southern California has always been a great real estate market, we've pinpointed three specific locales to help ensure there are plenty of hungry buyers to bid on your renovated home (all prices are referenced from Zillow.com).
With high demand and low inventories of homes for sale, SoCal is a great market for fix and flip investors. Markets are always evolving, always changing, and it pays to stay on top of things. It also pays to heed the advice of those who have been successful in this market for many years. Here are the 5 top tips from successful California Fix and Flippers that we feel are the most valuable: