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Common mistakes when flipping a house
House flipping can become a great source of income. However, it’s not that easy. Most beginners fail at their first project and decide not to move forward. So, what are the most common mistakes when flipping a house and how to avoid them? First and foremost, beginners spend too much on the house. For example, […]
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What is the difference between a hard money lender and a private lender?
It’s quite a question for a borrower what lender to choose when there are a hard money lender and a private lender. What is the difference between them? Which one is better? Although there are differences between them, they are similar in some aspects of their operations. Therefore, it’s essential to understand all the nuances […]
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Will the loan cover repairs if I am trying to fix and flip a property?
What are fix and flip loans?Flipping a property usually means buying a building for renovations purposes and selling it to get some profit. In most cases, this method is used for homes, but it’s suitable for all types of properties. Fix & flip loan is short-term, implies high interests but cover the cost of purchase […]
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How to get a proof of funds letter?
Getting a loan from a hard money lender is much easier and faster than getting it from the bank. However, before being approved for a hard money loan, private lenders require you to provide plenty of documents to see if you qualify. Proof of funds letter is a standard document that money lenders request in […]
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Congratulations! We’ve made it past the halfway point of 2020, and that alone is worth celebrating.
Congratulations! We’ve made it past the halfway point of 2020, and that alone is worth celebrating. Summer is here, and July 4th is upon us. This year’s Independence Day may look and feel different than the previous ones. We may not be able to celebrate quite as openly, but it’s more important than ever that […]
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