Your renovation loan doesn't cover all your expenses: A bridge loan can cover the remaining costs of remodeling or upgrading and increase your home's value. When the renovation is done, you can refinance using the house's new appraised value and pay back the loan. You're flipping a house...
While the restrictions vary by lender, the SBA microloans can't be used for buying real estate, flipping a house or paying off other existing debts. Where to get a microloan Like with any other loan, microloans can be obtained through a variety of lenders. Here are some of the more ...
The 70% rule in real estate can be helpful when comparing properties and making a final determination on which one is the best investment. Understandi
Flipping homes for profit can be a savvy way to make money as a real estate investor. The three basic steps are to find an undervalued home, fix it up and sell it for a profit. But what if you need to move quickly to buy a home you want to flip? A hard money loan can act ...
Buying collectibles, flipping websites and collecting stamps are some of the ways you can participate in alternative investing. While the category is broad, these are some of the more common alternative investments that you may encounter: Real Estate Properties tend to gain value over time due to...
Real estate fraud refers to any illegal activity with the purpose of misrepresenting information on a mortgage loan application or other real estate-related documents involving the transfer of money. It is also commonly referred to as mortgage fraud, since the mortgage application is usually where ...
Negative amortization:In some cases, you may finish your interest-only payments and discover that the loan has generated additional interest in that time. This unpaid interest is added to the loan balance so that the mortgage ends up larger than the amount you initially borrowed. ...
In it’s simplest form, flipping a house is the act of purchasing a property and then reselling it for a profit. Oftentimes, the property is purchased very inexpensively, either because it is “distressed” (i.e., in need of repair) or the owner of the property is desperate to sell (...
Real estate owned property (commonly known as REO property), is a property that has gone through the foreclosure process and is now owned by the bank. REO homes are plentiful in some markets and are typically less expensive than homes that have not gone
An air loan is a loan to a straw or non-existent buyer on a non-existent property. A double sale is the sale of one mortgage note to more than one investor. Illegal property flipping occurs when property is purchased and resold quickly at an artificially inflated price, using a fraudulent...