Apr 6, 2021 10:56:03 AM
Jan 22, 2020 5:27:41 PM
Several factors need to be considered before planning a construction project:
1.-Type of project
3.- Construction lot
And (most importantly),
Aug 15, 2014 7:30:00 AM
What is a “flipping” a house? A flip is a residential investment when a house i is purchased in bad condition, with the intention of renovating and/or remodeling, and is then listed for sale for a profit.
So what can be some of the challenges when purchasing a home to flip? These types of investments have many moving parts, so savvy investors will know how to look at the deal from different angles. The purchase price can be as important as the renovation budget or the contractor you pick. The typical variables such as location come into play, along with making renovations that are comparable to what is popular in its proximity. Following are some pointers to follow when venturing into flipper territory.
Jul 16, 2014 12:05:55 PM
Many believe that getting a contruction loan is a difficult process. In some cases, this assumption is correct; however, with the right tools and information, getting approved for a construction loan is possible. Often times it’s a matter of finding the right loan from the right lender. Hard money lenders have become prime candidates for construction financing. Even though they offer higher interest rates, the actual difference in cost is usually not detrimental to the project since they are usually be held for short periods of time; for this reason it’s imperative to have a clear exit strategy before considering a construction loan.
Construction loans are currently in large demand due to the latest statistics of the growth in new home and commercial real estate sales. Real Estate sales have been rising reaching the highest levels in recent history. This has resulted in a reduction in inventory that has made this a seller’s market. What do you need to know when applying for construction loans to take advantage of this market?