Property Navigate

In real estate, the term rehabbing mainly refers to the process of buying and renovating a property before selling it for profit. Most real estate investors prefer houses that require minimum repairs to help them reduce their expenses. There are also some who buy fixer upper homes that are located in the best part of a neighborhood because selling these properties once they are rehabbed are relatively easier.

The business of fixing and flipping properties requires a considerable amount of cash on hand because of the repairs or the rehabilitation of a house. If you don’t have ready money, a good way to obtain financing aside from seeking the assistance of traditional lenders is through hard money loans. Hard money loans usually provide coverage for the repair cost of a property, which is being offered as collateral.

Continue reading ‘What You Should Know Before You Start a Rehabbing Project’ »

Did you know that 80% of 62 year olds still have mortgage payments and that’s the single biggest reason why most people are unable to retire because they’re still managing that large mortgage debt. What if I could show that a biweekly mortgage program is one of the surest ways to ensure that you’re able to retire your mortgage when you want to retire. You see, by starting a biweekly payment plan on your mortgage today, you can literally change the course of your financial future and your ability to retire. I’m about to turn 40 and I discovered that I would be just shy of seventy years old when I paid my mortgage off and that is, if I stay in my current house and never refinance again or move. That was a dramatic thing for me to realize that it would be several years past the age that I wanted to retire if I can’t even retire sooner and I would’ve still been making payments on my mortgage. You know, I tried my own do-it-yourself program for eight years, shamefully, I have to admit to you that it didn’t work. I just wasn’t consistent enough with my plan. Imagine having a third party manage your program for you and yes, your money is completely safe and fully insured, but the program goes on and on, out of sight, out of mind just like your 401k.

Continue reading ‘Biweekly Mortgage Program – Why should I start one?’ »