Seasoned real estate investors know that in order to make money on your real estate investment, it is crucial that you choose your investment property wisely. If you are a new investor, take advice from the professionals who have been there and done that when it comes to investment properties, Texas hard money lenders.
Making money in real estate is one part timing, one part luck, and the rest is planning. While you may not be able to control the timing or your luck, you can make a plan to make money. Having a plan makes it more likely that your investment will become a success story, rather than a cautionary tale.
When it comes to investment planning, no one does it better than Texas hard money lenders. Hard money lenders give specialized, cash based loans for investments. It may be your first fix and flip, but they are seasoned professionals who are used to weathering bad markets and still coming out on top. Here are a few tips from Texas hard money lenders that will help make sure you come out on top too.
- Choose the location of your investment property wisely. You can change finishes, renovate kitchens, and even knock down walls. Short of investing in a trailer (which Texas hard money lenders don’t recommend, by the way), you can’t move a house. Make sure you pick a desirable location to make the most money on your investment.
- Don’t over-extend yourself. Don’t spend more on a house than you can reasonably make when you sell it. Also, don’t over-renovate because this will make you lose money in the long run.
- Get an accurate appraisal of any property BEFORE you buy it. Most flippers get appraisals after they fix up a property, but if you have lost money it is too late at this point. Having the property appraised before you purchase it will give you an idea of if you’re getting a good deal and will help you gauge what you may be able to sell it for.
- Get an inspection. While most investment properties are sold as is, a home inspection can help you make sure that there are not issues that are beyond your ability or budget to deal with.
By following these tips from Texas hard money lenders, you can make money and save yourself time and stress on your first real estate investment project.
Calling in the help of hard money lenders, Texas real estate professionals, and other investors can help you make sure that you make money in your investment, rather than lose it. Call a hard money lender today to get started making real estate investments today!
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.
Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.