Investors often consider real estate a safe, relatively low-risk option because property values tend to rise over time. However, real estate investing for beginners can be an eye-opener. Depending on the type of property you purchase and your investment strategy, it may involve a lot of work. Following are important steps you need to take…
House flipping was more popular in 2022 than ever. In such a competitive market, house flipping mistakes can be especially costly. Last year, homes flipped by investors represented 8.4 percent of all U.S. home sales. That report—by property and real estate data provider ATTOM—also revealed gross profit margins on those flips were the lowest since…
For hard money lenders, the real estate scope of work (SOW) is the most important element of a loan application. It’s the blueprint that will ensure builders and contractors stay on schedule and under budget. But just as important, an effective SOW shows hard money lenders that you are a worthy investment. This is your…
Do you want to make money flipping houses without having to make repairs and upgrades? You can use your hard money loan to invest in a move-in ready home—also called a spec home. A spec home is a new house where nothing is broken and everything is already up to date. Home construction companies routinely…
Conventional mortgage lenders say, “show me the money.” That requires a thorough, time-consuming examination of an applicant’s credit and finances. Hard money lenders like Black Brook Capital say, “show me that you can make the money.” We don’t focus on an applicant’s credit worthiness or employment history—or require stacks of documents. Our expectations are more…