Web
Analytics

Harnessing Powerful Concepts Into the Art of House Flipping

By | Uncategorized | No Comments

Male hand flipping abstract paper with house sketch, revealing new interior design. Mortgage and moving concept. 3D Rendering

There has been no shortage of real estate gurus over the years. Dozens of acclaimed speakers claiming to have the magic formula to real estate investing have likely passed through your town doing sold out lectures, conventions, and expos. Most professionals will tell you, however, that there is not just one formula, particularly for a business as dynamic as real estate. Still, if you are venturing into real estate investing and house flipping, you’re probably looking for some general guidance and tangible useful advice.  Understanding certain basic principles of taking action might be a great way to get over the fear and crack open the initial stages of real estate investing. 

One of today’s leading voices in the self-help motivational realm—although not exactly a traditional motivational speaker himself—is the tall, articulate, and charismatic Tony Robbins. And while Robbins does not limit himself to only one industry, his advice is more focused on mastering human emotion and action. And some of the key principles can be applied directly to real estate. Let’s take a look at some helpful tips:

  1. Decision is the ultimate power. This is probably one of Robbins’ central ideas. The thought here is that decision is what drives destinies and without a decision you can be stuck in no man’s land for some time. So if you’re thinking about real estate investing. Don’t think about it too long. Either go for it or don’t. 
  2. Utilize the Incredible Power of Focus. And just like the above, the concept applies to everyday life and other personal decisions, as well as real estate. You can spend years studying the literature of how to best flip a house, but if you focus on action and doing, you’ll likely learn faster and get where you want to go. When concentrating on one thing the human mind can yield and incredible force. 
  3. Always move towards bigger things. Don’t get caught up in the details of life. Move towards the big goals. This way you are always moving towards the big things that you aim for. 
  4. Take Action. This is a big leading principle. Nothing happens without action and dabbling in indecision can not only make you lose a lot of time but a lot of money as well. If you haven’t taken action, you haven’t truly decided. This is key. In order to move towards these big goals you have to take steps to get there. Reading about real estate investing every day, printing articles, and never really taking action is not exactly a path to success. Reading is good, research is good, but action is better. 
  5. Look for a mentor. Finding someone that understands real estate and can give you some advice on your first flip, how to work your first investment, finding your price ranges, etc, can be a wealth of knowledge in one conversation. 

And once you’re in, keep moving forward. There might be mistakes, there might be setbacks, but dedication gets you there. 

Focus, Take Action, and Invest!

Here at Entrust Capital Funding, we are supporters of investors and want to help them succeed in their endeavors. It’s why we make the process easy and pain free. We know the opportunities that lie in the world of real estate investment and if you have been thinking about taking the leap, why not do it now! Remember, if you focus and take action, what you can achieve is truly remarkable. We are here to help you get the funds you need to get started. Call us today. 

Mature man working from contemporary home

Benefits of House Flipping as a Profession

By | El Paso, hard money loans | No Comments

House flipping, as a profession, can be pretty rewarding and demanding. Many people in the industry simply love real estate, or were tired of living in a 9 to 5 corporate environment. It has become more popular than ever before, with shows and social media accounts chronicling the lives of house flippers reaching millions of people a day. However, some people still have too little information on the industry and remain skeptical. If you are on the fence, check out just some of the benefits of house flipping below.

  1. Take Control of Your Time – When you flip houses for a living, you are your own boss. You don’t have to have lunch right at 12 or have that report done by Monday; you decide how much you want to do, when you want to do it, and how. 
  2. Financial Potential – As you may already know, there is a lot of money to be made in real estate. After all, for most people, the majority of their net worth is tied into their home. This can be daunting for some people since they have never had to deal with such large amounts of money before. But for motivated individuals, the potential for money-making in the house flipping business is as big as their desire and drive.
  3. Networking – Flipping houses requires talking to people, and we mean a lot. Marketing, getting loans, getting info on neighborhoods, and all the other aspects of house flipping require communication. If you love talking to people or want to branch out, this is a great industry to be in.

Pairing Your Dream With The Right Lender

House flipping can be made easy and profitable with the right lender. Here at Entrust Capital Funding, we pride ourselves on being able to offer the best loans for home flippers of all types. Contact us today to see how we can get your dream off the ground. 

House flipper perfecting the art of flipping houses by literally flipping houses around

Terms You Should Know in the House Flipping Industry

By | el paso texas hard money lenders, hard money loans | No Comments

Real estate is a great industry to work in; it’s stable, and allows you to meet new people, take risks, and expand and grow to an almost endless degree. If you want to get started in this industry, you may want to learn some of the most common terms so you won’t get lost or confused doing your own research. 

House Flipping Terms

The house flipping industry has a lot of terms that are unique to the industry and are brought up a ton from experienced home flippers. Here as some of the most common that you’ll see and hear regularly:

  • Reno project – This one is pretty simple—this refers to a home that will need a renovation before it is sold on the market. 
  • Wholesaler – A wholesaler is a person who buys homes as-is and will sell them to another flipper. They don’t waste time renovating or selling a home to someone who will actually live in it. 
  • Bene – Bene is short for beneficiary, and that is typically a bank or lender that has ownership of a foreclosed property. 
  • Distressed property – A distressed property is one that is late on payments, and is in danger of foreclosure. 
  • NOD – NOD stands for notice of default, and is the point where a house is due to be foreclosed on. You can often get a list of these properties in advance, but it’ll cost you. 
  • Dollhouse and Haircut – Dollhouse and haircut just mean that homes are in pretty good shape, and need minimal renovation to be ready for the market.
  • LTV – LTV is just the Loan-to-Value ratio, meaning the difference in the loan and appraised value of the home. 
  • ARV – ARV stands for After Repair Value, and it’s just the value you of your home after renovations. This is where your profit comes in, so you need to have an idea of this number before you renovate.
  • Hard-money lender – Oh wait, that’s us! A hard-money lender is a private lender, meaning the money comes from private investors, and not from a bank. That means that you can get your money fast, and go on flipping or renovating your house much faster than a traditional lender. 

Contact Entrust Capital Funding, Today!

When you’re in need of a hard loan that can get you the house or renovation project with the lowest interest rates in town, call Entrust Capital. Let us finance your real estate dreams today!

How Hard Money Loans Improve Communities and Help Build Wealth

By | El Paso, Hard Money Lending, hard money loans | No Comments

When you say the words ‘hard money’ to someone, there is a high probability that it might prompt the kind of glazing of the eyes common with financial speak. So many people are unnecessarily intimidated by concepts of real estate investment and buying, but it might be worth to let everybody know that hard money loans and investing in real estate could be for everybody and not just professional house flippers we see on television. Thousands of Americans have grown their wealth through hard money loans and finding opportunities in the thriving real estate market. 

 


Where does the Term Come From?

 

The first question you might have is, “Why on earth is it called “hard” money?” When one understands the concept of these types of loans, the name might make a lot more sense. The term refers to the reliability of the loan in the sense that it is not from a bank, but from a fund of investors who agree to use their money for these short-term loans. 

 

A hard money loan is secured by the real estate project itself. So, if you find a home that you want to purchase and are willing to renovate and then flip, these loans are designed to be short-term and to use that very piece of property as collateral. 

 

Where Does the Bad Reputation Come From?

 

Let’s face it. Hard money also carries some stigma and bad reputation from a few bad apples that took the concept and took advantage of it. These bad apples provided very risky loans to borrowers with the intention of foreclosing on the property. So, unfortunately, a lot of hard money lenders today carry that bad reputation that even people outside of the real estate investing world seem to have. 

 

What Role Does It Play In My Community?

 

You might be surprised that many homes in your neighborhood were purchased with hard money. If you live in a neighborhood where there are older homes that have some renovation happening, you can rest assured that many of those renovations were funded by hard money. These types of loans help the cash flow and help people with bad credit invest in and purchase their homes. Hard money is composed of a group of investors from a community, interested in improving that community by allowing people to renovate and remodel homes, thereby improving the neighborhood, the community, and the value of the homes. 

 

The Security of these Loans

 

Just like taking out any kind of loan—whether it is a student loan or other private loan— there is some responsibility involved. For aspiring real estate investors, there is a lot of resources out there that help them learn about how to maximize the opportunities provided by hard money. Here at Entrust Capital, we help aspiring investors navigate the complicated and sometimes daunting process of borrowing money for a house flip. 

 

Choose Lenders You Trust

 

Precisely because of this bad stigma, we understand that some people might be apprehensive to go with hard money lenders. There are, however, a lot of benefits to getting these loans, as opposed to regular bank loans. They are available faster, they have lower interest rates, and they are reliable. After all, for the group of investors funding your loan, they know that there is some security with the real estate, so they are not so concerned with your credit. If you’re looking for a quick short-term and reliable loan, call Entrust Capital Funding and we’ll give you more information.