article thumbnail

How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

Every good buyers agent knows the look buyers get when they walk into a newly-renovated kitchen they dont just like, but love: “ Our partnerships with designers work so well because we can give our real estate advice based on our market knowledge and the feedback weve gotten from buyers over the years, and they can make it beautiful.

article thumbnail

Portrait of a pre-foreclosure peacemaker

Housing Wire

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Build a network of reliable professionals like real estate agents, contractors, and property managers. Expand your reach by partnering with real estate agents and passive investors by having them locate off-market properties. Hard money loans are most commonly used for fix-and-flip loans.

article thumbnail

How to Buy a Multifamily Property in 10 Steps

The Close

If you need access to your local MLS, contact a real estate agent in your area to gather data or create a rental market analysis. For example, you can get a Federal Housing Administration (FHA) loan and pay a smaller down payment if you purchase a triplex where you plan to live. Visit Zillow 7.

article thumbnail

How to Buy a Preforeclosure Home in 9 Steps

The Close

Options for investors include the following: Fix-and-flippers: They use a hard money loan to buy preforeclosures that need extensive repairs, then flip the property for a profit to pay off the loan. Real Estate Agents Investors can work with real estate agents with access to the MLS.

article thumbnail

How to Start a House Flipping Business in 7 Steps

The Close

While you’ll need money to buy properties, most flippers don’t rely solely on their funds. They usually find financing through hard money lenders or loans made just for flipping houses. The borrower qualifications are more lenient but with shorter loan terms and higher interest rates.

article thumbnail

10 Smart Strategies to Expand Your Real Estate Portfolio in 2025

Marco Santarelli

Building relationships with real estate agents, lenders, contractors, and other investors can provide you with valuable insights and opportunities. Utilizing Hard Money Loans Hard money loans are short-term loans that are secured by real estate.