A home equity line of credit (HELOC) is a revolving line of credit collateralized by your home. The maximum limit for a HELOC is based on the amount of equity in your home and typically will not exceed 85% of the home’s value. HELOCs have relatively low interest rates, with current rates starting at 5.25%….
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HR Employee Self-service Portals: Definition, Costs, & Providers
An HR employee self-service portal is a web page that employers and employees can use to access HR documents and data. An HR employee self-service portal lets your employees find their own information online and thus saves HR staff and managers time from answering routine questions. These portals typically cost $1-15 per employee per month….
What Is Affiliate Marketing?
Affiliate marketing, also called revenue sharing, is a method of earning a commission through the sales of products produced by another company using special referral codes (called cookies). If a site visitor clicks these code-based ads and buys the product from the third-party company, the site owner receives a commission. The concept of affiliate marketing…
UltraFICO Credit Score: What It Is & What You Need to Know
The UltraFICO score evaluates personal bank account information in addition to the data on an individual’s credit history. This opt-in credit model helps individuals with low personal credit scores of 680 or lower boost their existing FICO score by 20 or more points. It evaluates your savings’ amount, age of your bank accounts, and your…
Inventory Financing for Small Businesses: Costs, Terms & Where to Find
Inventory financing is a short-term loan or line of credit used by businesses to purchase inventory. Inventory financing is typically secured by your existing inventory with no need to pledge personal collateral. Annual percentage rates (APRs) can range from 12% to 60%. Inventory financing is commonly used to prepare for busy seasons or fill large…
Real Estate Drone Photography & Video Guide 2019
Real estate drone photography and videos can be used to show sweeping aerial views of a property’s acreage, home features, and other property highlights. Utilizing drone photography is a good idea if you’re a luxury real estate agent with room in your budget for expensive equipment or shoots. This can lead to higher-quality prospects. What…
6 Key Steps for Sales Pipeline Management
Sales pipeline management is the process of moving customers and prospects through each stage of your sales pipeline. You can make your process more efficient by taking six key steps to ensure you have clearly defined pipeline stages and actionable tasks at each stage, as well as a plan for measuring and monitoring progress. Sales…
How Much Does It Cost to Flip a House? 4 Key Factors to Consider
The cost to flip a house equals the sum of the acquisition cost, repair costs, carrying costs, marketing costs, and sales costs. Costs vary based on where the home is located, property type, and the extent of the renovations needed, but the total cost to flip a house is usually around 10% of the purchase…
Flipping Houses Taxes: Capital Gains vs Ordinary Income 2019
Flipping houses is generally not considered passive investing by the IRS. Tax rules define flipping as “active income,” and profits on flipped houses are treated as ordinary income with tax rates between 10% and 37%, not capital gains with a lower tax rate of 0% to 20%. Taxes on flipping houses will usually include self-employment…
The 5 C’s of Credit: What Banks & Lenders Actually Look For
The 5 C’s of credit are character, capacity, capital, conditions, and collateral. Together, these serve as a way for lenders to evaluate the creditworthiness of potential borrowers. Banks and lenders generally look at your ability to repay, level of debt, how you plan to use the funds, and the collateral you have to offer. The…
Hard Money Loan Rates, Points, & Costs
Hard money loan rates can range from 7.5% to 15% with three- to 36-month terms. Points to close on hard money loans typically fall between 2% and 10% of the loan amount. Pricing is primarily based on risk, equity, and borrower experience (if a fix-and-flip). Unlike conventional underwriting, hard money lenders develop their own guidelines….
Is a Corporate Credit Card Right for Your Small Business?
A corporate credit card is best for businesses that have $4 million+ in annual revenue and $250,000+ in annual card expenses. The primary benefit of a corporate credit card is that company owners have no personal liability. Since the balance must be paid in full each month, there is no APR. If your business isn’t…