Hard money loans are a great option for certain types of real estate investors. However, there are some hidden pitfalls borrowers need to be aware of. In this post, we discuss 10 dangers of hard money loans. 1. Hard Money Loans Are Expensive Hard money loans can be expensive in comparison to other types of … Read more
Down payments of between 10-30% are usually required when purchasing a property financed with a hard money loan. The percentage is a wide range that depends on a number of factors and how you structure the deal. NOTE: If you’re shopping around for hard money lenders we suggest checking out our hard money lenders by … Read more
Before you can get approved for a hard money loan, you need to put up collateral. In this post we discuss the types of collateral required to secure a hard money loan. The two types of collateral needed for a hard money loan are: Cash collateral Real estate bought with the loan If you’re shopping … Read more
Exactly what is a hard money loan? In this article, we explain concisely what a hard money loan is, along with the pros and cons of this type of financing. Hard Money Loan Basics A hard money loan is a sort of loan that is collaterized strictly by real estate property as insurance for the … Read more
In this buying guide we dive deep into how gas pressure washers work, what to look for when buying one, and review five of the best gas pressure washers on the market. Potential buyers and renters judge a house by its exterior. Unfortunately, the exterior of an investment property is the victim of the elements. … Read more
Before wholesaling houses, reviewing a few successful case studies can help.” Such case studies offer the foundational knowledge you will need to make wise decisions when wholesaling. My First Wholesaling Case Study I have closed on many real estate deals in the past. None, however, came close to the cash flow and increased profits I … Read more
Real estate agents are always on the lookout for potential properties they can sell through numerous means. While there are multiple means of selling a property, including fixing and flipping and foreclosure, we will be focusing on wholesaling in this article. Wholesaling real estate is usually when a classified real estate wholesaler creates a contract … Read more
Who’s the best house wholesaler in town? The one who networks well and is able to find wholesale houses quickly! Networking effectively is a skill real estate wholesalers need to have in spades to source houses at discount prices. At the end of the day, it is how you build and engage your network that … Read more
In comparison to HUD houses, wholesale houses are definitely a better option if you’re looking for high profits. If you are wondering how and why, then continue reading… HUD Homes—What are They? As compared to conventional loans, an FHA loan is easier to qualify for and acquire. It has a low down payment of barely … Read more
Are you interested in earning quick money through real estate wholesaling? Want to learn the process? Then, you have come to the right place. In today’s post, we’ll walk you through all the steps of wholesaling houses. Take a look: Wholesaling Houses: How It’s Done In order to get started with wholesaling properties, you first … Read more
If you’re looking for an avenue to make quick money and build your equity over time, then wholesale houses is your best option. This is a legit real estate investing strategy that helps new real estate investors enter the industry without any risk. But, more importantly, through this strategy, you can start making profits in … Read more
Yes, you can wholesale houses without a limited liability company (LLC). However, it is advisable to create an LLC and then wholesale houses. Many wholesalers, unfortunately, make the critical mistake of not creating or procrastinating on setting up an LLC. This often kills their potential returns and exposes them to a variety of risks along … Read more
The concept of wholesaling houses revolves around making money out of distressed properties. They are completely opposite of MLS (Multiple Listing Services) properties. MLS properties are retail properties that are sold to retail buyers through either cash or financing. Most often, these properties are sale and move-in ready. However, that’s not the case with distressed … Read more
New wholesalers often find it difficult to determine if they should wholesale houses with mortgages. If you are in a similar situation and don’t know what to do, then you have come to the right place. In today’s post, we will explain whether it is feasible or not. So, continue reading to get all the … Read more
If you have been told that it’s illegal to practice wholesaling without a license, you are in for a real surprise. Although wholesaling houses is legal, it can also be performed by unlicensed investors. The fact is that it doesn’t make a difference whether an investor is licensed or unlicensed and obtaining a license is … Read more
Real estate wholesaling is a controversial topic because of its legality issues. However, what makes it even more controversial is when realtors act as wholesalers. The truth of the matter is that wholesaling houses is a legal real estate investing strategy. Real estate agents can take advantage of it if they abide by the rules. … Read more
Did you know that real estate wholesaling is the easiest way to enter the industry right now? There are no capital, cash or credit score requirements. The best part is that you can make profits quickly. No wonder real estate wholesaling is skyrocketing in popularity. However, this growing popularity is now attracting more wholesalers, which … Read more
When dealing with real estate wholesaling, the first part of the process is to draw up a contract. This contract is also known as a ‘Purchase Agreement’ and is made between a motivated seller and a wholesaler. It gives the wholesaler the right to have control over selling the property. It also lays out the … Read more
Although property investment is an excellent way to build your equity, holding it can expose you to several risks. These risks may include vandalism, market swings and natural disasters like earthquakes and hurricanes. Needless to say, the everyday challenges related to property holding can take your time by keeping you tied and busy. As an … Read more
Are you new to the real estate industry? Do you have little or no investment capital? Then we’d advise you to opt for wholesaling houses over fix and flip properties. Although fix and flip houses offer high ROIs, the process requires a great deal of experience and patience. How is Wholesaling Houses Better Than Fix … Read more