Financing a rental property can be a worthwhile investment if you invest correctly. It can create an additional source of income. To be a successful landlord, you need to ensure you have enough money to solve the challenges of owning a rental property. These tips can help you manage the stress and help you build...Read More
The search for titles is an integral component of the closure of a vacant land transaction. Real estate investors need to be assured that there is a clear property regardless of who is selling it. This involves getting the deed and paying the money to the property’s actual owner as opposed to someone who thinks...Read More
A national lender may seem like the right decision to make if you’ve opted to go the hard money lending route, but there is a world of difference when you stay local. To a national lender, you’re likely an account number. With local lenders, you have a potentially invaluable resource. For starters, a local hard...Read More
At Monroe Funding Corporation, we’re all about offering flexible financing needs. If you wish to secure a loan using your home or property equity but banks aren’t willing to give you a chance, we can help. We’ve helped numerous individuals with situations such as being self-employed, being in between jobs, little proof of earnings, and...Read More
If you’re facing financial struggles, you may think there are few options available to you. However, if you’re a homeowner, it may have considerable equity that may help with making ends meet while you get back on your feet provided you use the equity wisely. Your home’s equity may prove to be of value via...Read More
The appraisal is an important part of the refinancing process. Investors need the reassurance that the home value is well above the refinance level. Chances are they won’t accept loans for values too close or even above the appraised value of a home. There are steps one can take to improve the appraisal process. A...Read More
Many homeowners look forward to the day their mortgage is paid off and their home belongs to them, free of debt. Some people may be able to pay cash for the home and own it free and clear from day one. While not many can pay cash for a home even if they wanted to,...Read More
Buying a home means having to make several important decisions. Among them, you’ll need to figure out how you intend to provide financing. This often means choosing between cash or applying for a mortgage. Buying a home with cash has its benefits if you have the means to do so. You can avoid having to...Read More
A hard money loan is typically secured using real estate. This begs the question, “Is it possible to secure a hard money loan without the use of real estate?” There is no definitive yes or no to the question as it will depend on several circumstances.A fundamental way to sway an investor to provide a...Read More
You’ve secured the hard money loan funds for a fix and flip. As an investor, time is of the essence as it can affect the bottom line because of factors like loan interest payments, changes in the market, or property taxes. Furthermore, the project risk increases as time passes between its purchase and sale. How...Read More
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