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Hard Money Lender
Stabilized Properties
For Residence Builder
We cover these in detail in our training courses!
There are many strategies for buying a home. Finding a reputable real estate agent helps protect your interests for locating a property, viewing the home and guiding you all the way through closing. For funding services, securing a trustworthy hard money lender and mortgage broker is a parallel step. You can also represent yourself many steps of your process. For example, there are a dozen proven search and marketing techniques to find your ideal property. Regardless of your skills, the most wise buyers still utilize the consult of a professional at some step of the process. 'Fund the Property' has an entire vetted team in the event you do not.
Buying property in a high per-capita-income area has greater risk than communities that are still growing in value. Our team can assist you with these strategies and help identify a sound investment when you find one.
The economic principle for buying a home boils down to the orginal price you paid versus the value of the home over time. If you buy a home for a family member to anticipate the future market, you are hedging against future pricing that may place them out of the market. If you buy with the intent to flip and sell, your returns can be lucrative and relatively fast. When you buy a property to hold for a period of time as a rental, you are building equity using the rental income. Many people do not buy a property just for a flip & sell business, they are holding for future living plans, to buy for a family member or to own a vacation property.
There are several tools that professionals use to value a property. The most common method is the value of neighboring properties. You can also hire an appraiser. Regardless of the methods you use, there is also great wisdom in bringing in other professionals to assess the improvement and repair costs. Sometimes these are hidden from obvious view.
This is something we cover in our training programs. Depending on how you do the transaction, who is the seller and buyer and the companies involved, closing costs can be negotiated and vary.
This requires research, research, research. Our training course helps with those tools and techniques. The best price you will ever get for a property is when the seller is 'distressed' or 'motivated.' Our course trains you how to find those.
