HomeLight

AUGUST 31, 2021

This is different than a short sale because a pre-foreclosure seller usually still has equity in the house (meaning the home value is more than their mortgage balance). That’s why a home inspection is so important if you’re able to do one. It’s a riskier investment. Source: (collin williams / Unsplash).

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Pre-approval Short sale Banks Finance 98

HomeLight

JANUARY 19, 2023

Flipping houses has never been a more desirable pursuit, no doubt thanks in part to the vast popularity of home renovation shows. An inspection might cost a few hundred dollars, but a $400 inspection can keep you away from a $10,000 or $20,000 problem,” he says. During this time, 12.9%

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House Flipping Inspection Renovation Finance 97

HomeLight

FEBRUARY 9, 2023

Even if something went wrong, you likely wouldn’t end up losing money. If you need to finance the home with a mortgage, there are a few options you should consider: Hard money loans : These are loans from private lenders for short periods of time — they can come with higher interest rates and can be risky for inexperienced investors.

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House Flipping Hard money loan Finance Investor 85

HomeLight

MARCH 10, 2023

You can save money by doing some of the work yourself, of course. According to Wise, putting in a little sweat equity on the interior work can improve your profit margin. “If Even if something went wrong, you likely wouldn’t end up losing money. If you have some skills, lay the flooring or do the painting,” he advises.

House Flipping 88

House Flipping Renovation Investor Finance 88

HomeLight

FEBRUARY 24, 2023

At some level, you’re going to need to have a skill set of your own to see the project through to the finish and be able to make your own valuations upfront for what the house is going to be worth when you’re done, and how much it’s going to cost to renovate. Even if something went wrong, you likely wouldn’t end up losing money.

House Flipping 93

House Flipping Renovation Investor Finance 93

HomeLight

FEBRUARY 24, 2023

There’s an opportunity to do renovations differently than most other house flippers in Texas. If you’ve watched any amount of home renovation television, you may have thought that flipping houses looks and sounds fun. Once you win your bid, it’s absolutely crucial that you get a home inspection and an appraisal.

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House Flipping Renovation Investor Finance 76