Than Merrill
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Using Hard Money To Expand Your Real Estate Business
In order to understand what it is about hard money that makes it so appealing to investors who want to grow their business, let’s first paint a clearer picture of what it actually is.Hard money, or — better yet — hard money lenders, are those parties willing to lend to investors not based solely on their credit score, but rather the subject property in question; it’s asset-based lending at its finest. Essentially, they decide whether or not to lend to a particular individual based on the quality of the home proposed by the borrower and the potential it holds. And…
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Making The Leap To Multifamily Investing
As subtle as it may appear, the difference between single and multifamily properties can be immense. The extra units will impact the down payment amount, time frame, budgets and a slew of other items related to the property. Sometimes the transition can be a smooth one, while other times it can be extremely frustrating. The process is generally the same, but there will be small differences depending on the exact number of units. Multifamily investing may seem intimidating, but it doesn’t have to be. Before you decide to take the leap, here are some of the biggest differences that you…
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Key Elements Of A Real Estate Business Partnership Agreement
A real estate business partnership — at least one that has all the right pieces in place — can elevate just about any investor’s career to the next level. If for nothing else, the only reason an entrepreneur would go into business with another investor is for help in an area they are currently ill-equipped to address.However, it is important to note that working in tandem with another investor will only benefit each party involved if they take the appropriate steps and lay the groundwork for a prosperous career together.The nature of a real estate business partnership is inherently symbiotic.…
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How To Invest In Vacation Rentals
Have you ever wanted to learn how to invest in vacation rentals? The process may be easier than you think. Not unlike their year-round counterparts, vacation rentals have found themselves at the top of investors’ wish lists around the country. With a housing market that is firing on all cylinders, rental properties have become the beneficiaries of favorable conditions, and vacation rentals are no exception. For what it’s worth, now may be one of the best times in the last decade to capitalize on the spreads vacation rentals are capable of providing. That said, there is no reason the average…
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How To Find Wholesale Real Estate Properties In Your Area
A number of exit strategies exist in the real estate investing business, all of which offer a unique perspective and their own way of going about things. However, few are more attractive to new real estate entrepreneurs than the almighty wholesale niche. While profits may not be as large as, say, a rehab, there is significantly less risk involved and the turn around period is dramatically shorter. What’s more, these deals may not be as hard to find as you think.If you want to find wholesale real estate properties in your area, I recommend trying the following outlets discussed below.3…
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How To Find Investment Properties Without The MLS
The secret’s out: The MLS (multiple listings service) is a great tool for investors to reference in the event they are trying to find their next deal. If for nothing else, the sole purpose of the MLS is to find and identify properties for sale in a specific market. I have had a great deal of success finding deals on the MLS, and so have many of my colleagues, but I digress. The MLS is far from the only resource one can use to find and identify deals worth pursuing. The MLS isn’t the only option made available to investors,…
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Have You Used This Trick To Find Private Money Lenders?
Whether you know it or not, private money lenders are all around us. Anyone with money to spare and the slightest bit of curiosity – for that matter – may be considered a viable candidate to go into business with. It is up to you, however, to learn how to flush them out in a way that is conducive to developing a working rapport.As I am sure you are aware, leveraging other people’s money is one of the most valuable assets real estate investors have. Do yourself a favor and take the appropriate steps towards working with private money lenders;…
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Flipping Houses: Running The Numbers On Wholesale Deals (Part 3)
In part one of my Running The Numbers On Wholesale Deals series I discussed how important it is to perforn due diligence. You must have an idea of how to move forward if you hope to accomplish anything at all.Wholesale deals have become synonymous with due diligence as we covered in part 1 of this series; you only have yourself to blame if negligence results in failure. That said, it’s no coincidence that the most prolific wholesalers in the last decade are also the most diligent in their efforts to analyze a deal. Those who want to experience any degree…
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Flipping Houses: Running The Numbers On Wholesale Deals (Part 2)
In part one of my Running The Numbers On Wholesale Deals series I discussed how important it is to mind due diligence. You must have an idea of how to move forward if you hope to accomplish anything at all.You must run the numbers to even determine whether or not a deal is worth pursuing. Before you can even start running the numbers on a property, there are a few things you should know. That’s right; prior to minding your own due diligence you must, well, mind your due diligence.A proper knowledge base is integral to flipping houses with any…
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Flipping Houses: Running The Numbers On Wholesale Deals (Part 1)
Flipping houses is what you make of it; there is no reason it can’t be as rewarding as any other occupation. However, nobody ever said it would come easy. Even wholesale deals, what many consider to be the introductory house flipping exit strategy, require an acute attention to detail and the utmost respect for due diligence. Anyone who tells you otherwise is simply kidding himself or herself.There is a myriad of things you must do and concepts to understand before you even start looking at potential properties. Subsequently, you must run the numbers to even determine whether or not a…
