House flipping is my primary business, although I am also a real estate broker, blogger, and landlord. I flip from 20 to 30 houses per year, and there is no way I could do that without great financing. Many people ask me why I do not just pay cash for all of my flips. The … Read more
Rental properties are great way to invest your money, but qualifying for a loan on an investment property is not always easy. Loans for financing investment properties are much more difficult to get than a loan on an owner-occupied home, and it will cost you more money as well. Many banks consider investor loans riskier … Read more
Houses that need repairs often can be bought below market value. I base my investing strategy on buying houses below market value and financing those properties, which is not always easy. When you buy a house that needs repairs, many lenders will not lend on that house if the repairs affect the livability of the … Read more
A cash-out refinance is one of the best tools an investor can use to take money out of their rental properties. A refinance is when you replace the current loan on your home with a new loan, and when you complete a cash-out refinance, you get cash back after getting the loan. One of the … Read more
As a real estate investor, I have run into problems buying rental properties because traditional lenders stopped financing me. They said I could not have more than four mortgages and I could not finance fix and flips. Those banks and mortgage companies made it sound as if I had no options. The truth was “their … Read more
Hard money is used by many investors as a short-term solution to fund real estate deals. Hard money can be used to fund fix and flips or buy rental properties until long-term financing can be put in place. I fix and flip homes as well as invest in long-term rentals, but personally, do not use … Read more