The job market is tough and more people are turning to self-employment as a viable option. Computer programmers, virtual administrative assistants, virtual accounting professionals, writers, real estate agents, insurance agents and many more professions are all considered self-employed. There are even websites that specialize in helping self-employed professionals advertise their skills. With the self-employment market…
I am a Managing Broker with more than 11 years of real estate experience. I am here to simply state that the new mortgage disclosures that went into effect this year are a deal killer. In the real estate industry, we are all looking for simplicity. We want something that helps us make sure that…
Like any investment, real estate has market fluctuations. To help investors research the best real estate investments that meet their needs, several real estate websites offer accurate market statistics and excellent housing market predictions. 1. Contact a local real estate agent or REALTOR(R) in the area by visiting any local MLS.com. REALTOR.COM(R) also allows interested…
Explaining the commercial construction loan process can be difficult and complicated. This article helps simplify this lending process. The construction loan process is generally for developers. During the real estate boom, it was far easier for developers to obtain commercial construction loans. After the real estate bust, banks began scaling back on these types of…
Multi-family housing construction is doing remarkably well in today’s real estate market. Multi-family housing constitutes five or more housing units and currently makes up 25-percent of all new housing construction. In fact, in 2014, multi-housing boomed, compromising 35-percent of new construction. Why is multi-housing becoming so popular? As the children of baby boomers age, they…
Experts predict many housing trends to continue for the remaining of 2015, which will help fuel hard money lenders and direct lenders. • Millennials will continue to help increase home prices. For a number of years, Baby Boomers were dominating the housing market, but recently, one of the largest segments of homebuyers is 22- and…
Homes that require repairs are generally listed and purchased below fair market value. This makes these homes very desirable for real estate investors. However, they often do not finance through traditional banking institutions. The following explains why banks avoid lending on homes that require repairs. Bank lenders use FHA guidelines, which help them to determine…
My husband and I recently had the privilege of a hard money lender helping finance the buyer in our real estate transaction. We had recently purchased a no perc lot. For those not familiar with this term, it means that the soils on the property did not have a standard absorption rate for a standard…
Obtaining apartment building loans can seem like an impossible task, but with this helpful article, real estate investors can learn how to overcome any obstacles. • Banks – For investors that have substantial access to capital funds, purchasing an apartment building should not be a problem. They can leverage these capital funds to put down…
Working with hard money lenders does not have to be a long, arduous or complicated process. Hard money loans are funds that are put up by private lenders or companies specifically for commercial or investment purposes. They require less than average borrower qualifications compared to standard bank lenders and take less time to close than…