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Showing posts from March, 2020

Build Your Dream Home with a Arizona Construction Loan

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House hunting can be an exhausting process that yields little results. If you are unhappy with what is on the market, consider how an Arizona Construction Loan can make all your dreams come true! House hunting can be exhaustive. After a while, you may feel like giving up—but settling on a house is not something you should do. After all, you spend time in your home every single day and it is a reflection of who you are and functions within your lifestyle. Choosing a home that is too small or doesn’t have all the features you like will make you unhappy in the long run. Fortunately, there are other options. Some prospective home buyers may go as far as to consider fixer uppers. Sometimes, this option can be cheaper. However, it does involve a little bit of work and transforming a home before your eyes. Depending on who you are, if you have a natural eye for design and are able to work with the existing foundation, the process of making a fixer upper your own can be difficult—and, bec...

What You Need to Know Before Applying for a Land Loan

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If you are new to the real estate market, you may be playing catch up in all the jargon and lingo that goes on in the business—neglecting to watch HGTV may also keep you out of the loop in the types of creative passion projects people have and attempt to make a profit off of. So, what are Arizona Construction Loans ? Are they the new fixer upper? Someone choosing to obtain Arizona Construction loans are looking to build land on a property they own. Instead of purchasing a property to renovate or modernize, they choose to build from the ground up. In this way, builders have complete control over the type of home they build, and have a say in the location. Usually people who obtain Arizona Construction loans also obtain Arizona Land Loans to complete a total vision of the project. Construction or Fix and Flip? Designers and lover of aesthetic may be more interested in fixer uppers than construction projects. Fixer uppers already have an essence to them, and somebody working on a...

What are the Best Fix and Flip Loans?

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  If you’re new to fixer uppers, it’s enough to just be in-the-know through all the latest HGTV shows—an investment will be important for the property, but also your time, energy and resources. This includes your mortgage lender, loan process, and who to go to for successful fix and flip loan . When it comes to fixer uppers, you have to have some extra cash. It’s not always difficult to find a property with potential on the market, but you also need to invest in possibly modernizing the home, fixing problem areas, and making it valuable to potential buyers. If you don’t have extra money lying in the bank or a generous relative who can invest in you and your project, you are probably considering mortgage lenders to help fund your project. But what makes a successful mortgage lender who is worth your time and efforts? What Is Hard Money—and Who Offers It? Mortgage lenders can be public or private. When most people think of loans, they probably think of traditional mone...

Rotten Credit – No Problem!

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  Hard money loans can help you fix and flip a property. In a seller’s market it can be difficult to find affordable inventory. So you’ve got your Arizona hard money loan proposal almost complete, you just need the perfect property. That can be hard to find if it’s a seller’s market which means prices are inflated and inventory is low. Here are some ways to keep your fix and flip business going through the highs and lows of real estate. Look for FSBO Properties FSBO means for sale by owner. Some sellers won’t use an agent to list their property so it won’t hit the online home sites. You may only find them by driving by and seeing as sign. That makes them more difficult to locate, but it gives you the opportunity to negotiate directly with the seller and you’ll be able to explain your offer face-to-face, getting the most for your hard money loan . This can also save money on your deal because they most likely won’t be paying a commission to sell. Have a Realtor O...

What You Need to Know Before Applying for a Land Loan

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If you are new to the real estate market but are looking to invest, it is important you also invest in research. Before applying for a land loan , read more below about what to expect and what you should do when investing in real estate. So, you’re new to real estate and you don’t watch HGTV. What do you do to make it on the market? First, put yourself in your loan lender and potential land buyer’s shoes. When seeking out land, you’re going to want to choose something with potential. If you are looking to build or are expecting to sell to a family in the future, you are going to want to choose a nice piece of land in a great location. Land near school districts, businesses, and entertainment venues have the potential to bring in potential buyers. This will keep you near the local community and increase social circles. Next, your land should have a few amenities. This includes curbs, sidewalks, water lines, power lines, and sewer. Land without this won’t be as attractive to build on...