As a real estate investor, your main objective is creating a property that has value. That value can be through fixing and flipping or renovating and renting. When you go to list or rent, you’ll want to arrive at a number that makes money for you but also makes sense for the property itself. Once you have obtained a property, it’s all about improving its worth. Many factors determine a property’s worth—some of which can be enhanced through your renovation efforts. Let’s look at what will influence your final price.
Current updates on the real estate market, private money, hard money, and trust deed investing.
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In looking at the cities with the most growth, it’s basically looking at where the country wants to live. Many people are flocking to west coast cities, finding them to have stable employment, lots of amenities, good schools, and a housing market that still affords the middle class a chance at homeownership. With the growth in these cities, it’s a good time for investors to consider buying properties there with the opportunity to either have rental income or to flip and resale.
House flipping can be an incredibly profitable and exciting field to be involved in, but it can also be risky and stressful. Before flipping your first house, it’s important to be prepared in order to ensure your investment is a success. Along with tangible assets such as money and equipment, it’s also important to take stock of the intangible factors that can influence your success. From the time and knowledge you have at your disposal through to your practical skills and state of mind, non-physical items play a crucial role in house flipping projects.
When it comes to commercial and residential mortgages, they have one similarity: they involve property. For the most part, that’s where their similarities end. If you’re new to taking out a commercial mortgage, you’ll probably soon discover that there are some significant differences, especially if you’re more familiar with the residential market. Here are some of them:
“Where banks say no, we say yes, then close quickly.” – Corey Kohnke
First Capital Trust Deeds was featured in the 2019 Real Estate & Home Design issue of LA Dreams, a luxury lifestyle magazine. Brett Everett and Corey Kohnke are quoted in the article, and talk about how the find the right capital partner.
As you know, the real estate market is looking strong throughout the country. Prices have somewhat moderated and new cities are becoming very attractive for real estate investment. However, not every market is created equally; some, like the West Coast, are more appealing than others. Let’s look at some of those cities and what makes them the places for the best return on investment (ROI).
If you’re looking for ways to diversify your investment portfolio, consider funding trust deeds.
The short answer to the question is yes. This trend has many influences, most significantly that it’s still a seller’s market. The demand for homes is still greater than the supply. With such competition, many won’t be able to afford or find a home, leading to higher demand for rental units and higher rental fees.
While owning property can certainly be lucrative, it comes with a lot of potential downfalls too. What if your apartment complex needs a new roof? Will that office building require more management than you have time for?
Fixing and flipping a house is always an exciting prospect. If the property you’re buying requires a lot of attention, it’s easy to get stuck into projects that waste your time and money. Fortunately, knowing a little more about what not to upgrade during your fix and flip will ensure you stay on track for making a profit.