For real estate projects to be effective, planning and research must be involved. Having the proper paperwork available shows resourcefulness on the part of the borrower, and gives the lender confidence to work with them.
How To Market Your Property So It Sells Faster
Differences Between Banks and Hard Money
Importance of Time When Fixing and Flipping
As real estate investors, the thing that often keeps us awake at 3 am is keeping rentals filled with decent tenants. The cost of finding new tenants, screening them, and getting them settled in can quickly crush our profits. That says nothing of the stress and tension vacant rentals can create.
When selling a property, picking the right price is a make-or-break task that can mean the difference between closing a sale fast and hanging onto an expired listing. To choose the right price, you’ll need to look at true comps. Once you’ve done that, pick a price range, and respect the market to settle on your perfect selling price.
Time is money. Finding a quality contractor as quickly as possible can increase profits and help avoid wastes. Asking the right questions can make all the difference between profit and failure. When interviewing a potential contractor, consider the following questions in your evaluation process:
Most rental renovations or fix and flips will include renovating or replacing the roof. Knowing what to look for will help budgeting a project including labor costs. Roof issues must be addressed before a sagging roof or other structural damage destroys the entire building.