Wholesalers, flippers, and sellers. Oh, my. Anyone considering real estate investment (REI) needs to research the various avenues used to create a successful business. Get to know the business from others involved. Talk to agents. Discuss options with lenders, both standard mortgage and hard money. Remember, you are looking at being a business professional, creating profitable deals for the seller, the rehab flipper, or general investor, as well as yourself.
Real Estate Investments are tricky things, and while a property might seem like the perfect investment, given the rate of market growth in an area, the equation isn't as simple as, "Will the value be greater in a year?" So…..When Should You Walk Away from an REI Deal?
5 Things to Look for to Quickly Evaluate a Real Estate Deal
Posted by Ken Meyer on Tue, Feb 24, 2015Real estate investment wins or loses by the numbers, specifically by key ratios. Metrics like monthly rent as a percentage of purchase price, cash flow per rental unit, and debt coverage ratio give investors a road map to REI success and, sometimes, a red flag signalling potentially disastrous deals.
The 3 Home Improvement Jobs You Should Always Hire a Contractor for
Posted by Ken Meyer on Tue, Feb 17, 2015Non-professionals can effectively tackle many home improvement projects with basic knowledge, a little research, and the correct tools. However, some jobs are best left to a licensed contractor in order to achieve the best results possible.
For real estate investors, pre-foreclosure or short sale listings are a potential gold mine. The owners of these homes are often in serious default and they desperately need to sell fast. Homes that fit this category are plentiful and a savvy investor can score some incredible deals. Here are some tips for investors on how to find and navigate a short sale.
Real estate remains a sound investment, especially for experienced borrowers in this buyer’s market. But being successful, even if you have experience buying and managing rental properties, still requires that you do your homework and employ some smart strategies to realize a maximum return on your investment.
The Benefits of Searching Locally for Private Money Lenders
Posted by Ken Meyer on Tue, Jan 27, 2015If you are considering whether you should search locally for your private money lender, you most likely know that local lenders are often viewed positively because of the personal attention they provide you with. Larger national banks tend not to have the same type of face to face opportunities. However, in addition to creating a trustworthy relationship with your lender, local lenders are able to provide faster loan processing, a greater chance of loan approval, and less of a risk on defaulting.
Private loans are a real estate investor's best friend, but these loans are susceptible to market fluctuations and your credit history. Let's explore three private money lending trends that you should be aware of as we approach a new calendar year.
The value of your property can be seen in three primary pieces, each of which need to be considered when trying to understand the value as a whole.
Top 3 Questions to Ask Yourself Before Investing in a Property
Posted by Ken Meyer on Tue, Jan 06, 2015When it comes to real estate investing, there are no guarantees that you will be successful. That's just the cold, hard truth of it and it shouldn't come as any surprise. You run the risk of wasting precious time and losing money with every deal that you undertake. That said, there are some things that you can do to reduce losses and ensure your success. Here are 3 questions to ask yourself before investing in a property.