Define who you are- I break down rehabbing into 3 categories – light , medium and full gut. What type of rehabber do you want to be? Are you looking to do just a little bit (paint, carpet, refinish floors) – light rehab and put it back on the market? Medium – light...
cThis is a question I get asked about 20x a day, so I thought I’d address it in a blog post. There are so many investors out there asking themselves if they have a good deal or not sitting in their lap. How much is too much to pay for this property? So how do you...
So you have a property under contract and you make a few calls to lenders but you can’t get anyone to bite on your deal. Sound familiar? At this point you are asking yourself WHY? The answer is simple, you need to know how...
I met with a few local investors this weekend, and after sharing stories, I figured I would write this post. There are so many “Pretend Hard Money Lenders” out there these days that I wanted to list a few things you should look out for when you’re looking for a...
What not to do on your next rehab project! You buy a house for cash or with a small loan on it, your all excited to begin the rehab, you gut the house, start doing the work and then realize that you’re in over your head and don’t have enough money to complete the...
Our borrower submitted their construction loan request on May 4, 2015 and closed yesterday afternoon May 12, 2015. She is purchasing the property for 395k and putting 367k in to expand the property from just over 2500 sq ft to 4100 sq ft. After having appraisal...
Are we seeing the next bubble form right before our eyes and ignoring it? After reading the Bloomberg article over the weekend about how flippers are looking to crowd funding and institutional lenders more and more to fund their investment deals, this has the 2000...
Hard Money Loan Myths 1. Hard Money is too expensive While Hard Money loans do cost more than bank financing, on many deals traditional bank financing is just not an option. If you have a property that you need to act quickly on, a discounted payoff, partner...
When all your investments are blocked in a real estate project that you cannot complete, you tend to get desperate and look for the easiest solution, namely a loan from the hard money lenders New Jersey is home to. However, rushing things is not such a good idea, as...
Are you planning on applying with the hard money lenders NJ is home to for the loan that will allow you to complete your real estate rehab investment project? Would you like to make sure that your application will be approved as soon as possible and for the amount you...
