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For the first time in several years, lenders are raising their rates, in response to the rising prime rate and the continued shortfall in home supplies. While the 30-year mortgage rate declined over m
Here’s a common scenario: Your father or mother started a business from scratch several decades ago, and turned it into a respectable success. As the business grew, you or one of your siblings joined
A major challenge facing most fix-and-flip investors is securing financing for their projects. Before rehabbers can begin renovating a home for eventual sale or rental, they must first secure the capi
As a rehabber, you’re likely to come across many fix-and-flip opportunities involving older homes. That’s the result of America’s aging housing inventory. A 2013 housing HUD survey showed that the ave
Socotra’s lending activities are focused primarily on the California real estate market, but the company is also expanding its lending operations in Nevada due to that housing market’s attractive grow
Hard money loans are often used to fund transactions when a quick turnaround is needed such as a fix-and-flip purchase. Conventional bank loans are generally used in situations where the property will
You’ve bought your residential rehab property. You’ve done a lot of work on it. With the help of an equity-based hard money loan, you’ve managed to put in new flooring, fix the windows, replace HVAC u
Selling a home after rehabbing it used to be pretty simple- you just pointed someone to the right cave. As homes got more complicated (“now featuring floors!”), the process got more and more difficult
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