A short sale is a real estate sale in which the profits made are less than the existing loan on the property. A short sale typically occurs at or below market value and is successful only when the lienholder agrees to accept less than what’s owed. Short sales commonly occur when a seller is in…
Buying vs. Leasing Commercial Real Estate
A common question among small business owners is whether to buy or lease commercial property. The most important thing they want to know about are the costs. To help, we ran an analysis on a real commercial property for sale and created a detailed example of the costs and benefits of buying vs. leasing commercial…
Probate Leads: Where to Find Them to Buy Probate Property
What are Probate Leads? Probate leads are potential seller clients who inherit properties they often want to sell quickly after going through the probate process (the legal process of transferring the assets of a deceased person to heirs). Since many heirs live out of state, or are otherwise not prepared to maintain the property, they…
Buy Sell Agreement – Why You Need One, Template, and What to Include
A buy sell agreement, also known as a buyout agreement, is a contract that provides for the sale of an owner’s share of a business. The sale may be triggered for several reasons, such as the owner’s retirement, bankruptcy, unresolvable conflict with another owner, death, or disability. The buyer may be another owner, employee, or…
Scottsdale Private Lending Reviews & Rates
offers hard money loans for real estate investors within Arizona. They have been in business since 2014 with over 20 years experience. They have funded over 500 loans. They work with investors of all experience levels. Rates range between 10% to 12% and they’ll lend up to 80% LTV. No reviews were found online at…
HomeStyle Loan: What Is a HomeStyle Mortgage & Who Is It Right For?
-A HomeStyle loan is a government-backed, permanent mortgage that can be used to purchase and renovate an owner-occupied primary residence between one to four units. Also called Homestyle Renovation (HSR) mortgages, HomeStyle loans can also be used by real estate investors to purchase and renovate a single-unit second home or investment property. However, HomeStyle loans…
FHA 203(k) Loan: The Ultimate Guide to the FHA’s Renovation Loan
An FHA 203(k) loan is a government-backed, permanent mortgage used to purchase and renovate a primary residence. A Federal Housing Administration (FHA) 203(k) loans are exclusive to owner-occupied purchases and renovations and are not suitable for real estate investors looking for renovation financing. Investors who are interested in rehab projects should instead read our guides…
Commercial Leasehold Improvements: Payments, Financing, and More
Landlords often offer payment or a discount on rent so that tenants can make necessary commercial leasehold improvements. Rented commercial property may need some work before it’s suitable for your small business. For example, an office business may need cubicles for employees, and a restaurant may need a new kitchen. These are called commercial leasehold…