HomeLight

JULY 31, 2024

Whether you’re flipping houses in Seattle or investing in rental properties in Spokane, knowing the ins and outs of hard money loans can open up new opportunities. These loans, known for quicker approval times and flexible terms, can be a game-changer for investors needing fast access to capital.

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Hard money loan Home sale contingency Loans House Flipping 109

Marco Santarelli

NOVEMBER 23, 2024

You need to develop a robust budget, understand your financial capacity, and maintain a solid financial plan to manage risks effectively. Utilizing Hard Money Loans Hard money loans are short-term loans that are secured by real estate.

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Hard money loan Purchase and sale agreement Due diligence Renovation 52

HomeLight

JULY 24, 2024

Enter hard money lenders, a popular choice among local investors and developers in cities like Miami and Fort Lauderdale. Whether you’re flipping a property in Coral Gables or purchasing a rental unit in Boca Raton, understanding how a hard money loan works is essential.

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Hard money loan Loans Home sale contingency Renovation 85

HomeLight

JULY 31, 2024

Hard money lenders offer a fast, flexible financing option for Raleigh investors who need quick access to capital. Whether you’re planning to flip a home in Five Points or invest in a rental property near North Hills, knowing how hard money loans work can help you make an informed decision and secure the funds you need.

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Hard money loan Home sale contingency Finance Closing costs 89

The Close

NOVEMBER 12, 2024

Check out zoning laws, future developments, and what the locals say. Owning some land is appealing since it’s usually low-maintenance and cheaper than those fancy developed properties. Hands-off investment: If you buy and hold the land without developing it, there’s not much to do but visit it occasionally.

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The Close

FEBRUARY 20, 2023

In my 28-year career in real estate and investing, I have had to source hard money financing for everything from simple fix-and-flip properties to multi-million-dollar apartment building rehabs. Let’s start with my top picks for hard money lenders. What is a hard money loan? We are here to help!

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Hard money loan Debt-to-income ratio Lending Loans 98

Realty Biz

NOVEMBER 29, 2021

In the traditional sense, hard money lending means a lender with a short-term loan to an investor or developer, typically for use as a down payment on a property. What is “Hard Money” in Real Estate Investing? This flexibility allows you to finance a property without much difficulty.

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Hard money loan Lending Finance Loans 103

Marco Santarelli

JUNE 25, 2021

There is no such thing as no money down in real estate because the money has to come from some source. If you want to invest in real estate with little or no money , you need to develop the ability to recognize, understand and even take advantage of other people’s money. Schemes Like USDA Loans.

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Purchase and sale agreement Hard money loan Equity Finance 133

The Close

MARCH 11, 2025

Future development projects: Upcoming infrastructure or commercial projects can lead to increased demand and property appreciation in the near future. Have there been any significant developments or changes in the neighborhood since you bought the property? For options, check our recommended hard money lenders.

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Sales Due diligence Investor Finance 52

Marco Santarelli

AUGUST 11, 2024

As job opportunities expand and the city continues to develop, the potential for property value appreciation becomes more enticing for investors like you. Sacramento has been marked by: Historical Increases : Analyzing past housing prices reveals a consistent upward trend, especially following economic recoveries and developments.

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Marketing Hard money loan FHA loan Investor 52

HomeLight

FEBRUARY 9, 2023

Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Donate recommends a hard money loan as the top financing strategy for flippers.

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House Flipping Hard money loan Finance Renovation 105

The Close

MAY 20, 2025

It stands out from other lending options because of its loan options for rental property owners. There are three different types of rental property loans (portfolio rental loan, single-family rental loan, and short-term rental loan), and each offers very flexible terms.

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Loans FHA loan Commercial VA loan 52

Marco Santarelli

JUNE 4, 2021

This is true whether you want to get wealthy via fix and flip, traditional real estate development, or a buy and hold strategy. You’ll want to find the best neighborhoods for investing, whether you’re buying and holding rental real estate, buying and developing land, or fixing and flipping. You need a solid, long-term business plan.

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Renovation Property Management Investor Hard money loan 107

Marco Santarelli

DECEMBER 22, 2020

Some people take out an interest-only loan because they can’t afford to pay on the principle. Yet interest-only loans are attractive because of the low monthly payments. This is a popular loan for property developers. You get the money to buy the property. This borrower demographic is very high risk.

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Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Marco Santarelli

JULY 26, 2020

Then you don’t end up cutting into your cash flow with high-interest hard money loans to pay for the little repairs needed to legally rent out the unit or hit your credit cards to pay contractors. There are mutual funds that invest in real estate developers and property management firms.

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Loans Equity Renovation Property Management 144

The Close

NOVEMBER 26, 2024

Future developments: Learn about future developments and plans in your preferred location. It’s also good to look for residential developments near amenities like schools, hospitals, and malls. Look for information on infrastructure project proposals on government and council websites.

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Purchase and sale agreement Property Management Finance Banks 98

The Close

MAY 6, 2025

The loan covers up to 75% of the purchase price of the home and the renovation costs, and the terms are similar to a typical mortgage of 15 or 30 years. Typically offered by private, non-bank lenders who can give you funding upfront.

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Loans Renovation Equity Finance 45

HomeLight

FEBRUARY 24, 2023

Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. “But we do pay someone to handle plumbing, furnace, carpet; things like that.”

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House Flipping Renovation Finance Agents 105

The Close

SEPTEMBER 11, 2024

It involves meeting with your mentor regularly and receiving tailored advice and practical tips to help you learn from your mentor’s expertise, gain valuable insights, and develop the necessary skills to excel in the real estate industry. This mentor should have advanced skills in business growth and development.

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Agents Investor Development Property Management 52

Marco Santarelli

AUGUST 13, 2024

Regulatory Environment Portland has its share of regulations that can influence housing developments and investments. Alternative Financing If traditional loans aren’t appealing, consider alternative financing options: Hard Money Loans : These are typically used for short-term investments and can come with higher interest rates.

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Marketing Finance Hard money loan Investor 52

HomeLight

FEBRUARY 24, 2023

Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. But, how do you account for the unexpected?

House Flipping 105

House Flipping Renovation Finance Investor 105

HomeLight

FEBRUARY 24, 2023

Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. “Most people think they’re much better at what they’re doing than they actually are.”

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House Flipping Renovation Inspection Finance 100

HomeLight

JANUARY 19, 2023

Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. But, how do you account for the unexpected?

House Flipping 105

House Flipping Renovation Inspection Finance 105

Marco Santarelli

AUGUST 13, 2024

New Developments Keep an eye on new developments. Neighborhoods in various stages of development present opportunities for savvy investors. You can consider traditional mortgages, hard money loans, or even cash purchases. New construction can influence property values and rental rates.

Marketing 52

Marketing New Construction Hard money loan Construction 52

Marco Santarelli

SEPTEMBER 6, 2020

You can choose the loan duration, whether they’re using crowdfunding to save money on hard money loans or in place of a mortgage. If you wanted to join private developers in property investment groups buying houses or apartment buildings, multiply that by a factor of ten.

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Lending Loans Investor Branding 135

HomeLight

MARCH 10, 2023

The successful flippers are the ones who have developed good relationships with contractors to keep them honest.” You can save money by doing some of the work yourself, of course. Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home.

House Flipping 105

House Flipping Renovation Investor Finance 105

HomeLight

FEBRUARY 24, 2023

Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. But, how do you account for the unexpected?

House Flipping 105

House Flipping Renovation Investor Finance 105

Marco Santarelli

AUGUST 16, 2024

Explore financing options: Research mortgages, hard money loans, and private lending options. Shop around for competitive interest rates and loan terms. Long-term potential: Evaluate the property's potential for appreciation based on market trends, neighborhood growth, and future development plans.

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Due diligence Purchase and sale agreement Renovation Title search 52

The Close

APRIL 30, 2025

Personal loan : A personal loan isnt tied to your home or any real estate you own, but allows you to get money up front. However, interest rates on personal loans are usually higher than refinancing options. Hard money loan : Hard money lenders can be online companies or even personal connections.

Equity 40

Equity Due diligence Loans Finance 40

HomeLight

AUGUST 31, 2021

Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). However, sites like Auction.com warn that traditional financing might be hard to obtain when buying one of their homes due to their condition.

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Pre-approval Short sale Banks Finance 111

The Close

JANUARY 23, 2025

Mixed-use Developments The Shops at Legacy combines retail stores, office spaces, and apartments in one project (Source: The Shops at Legacy ) Mixed-use developments combine retail, office, and residential spaces within a single project. A notable example of a successful mixed-use development is The Shops at Legacy in Plano, Texas.

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Commercial Due diligence Property Management Loans 98