What is a Draw Request?

Draw Requests For Construction Projects In a construction process, having the funds available to pay the labor, materials, and other expenses as the project progresses usually means getting money from a bank. To get the money needed to pay the...

Continue reading →

How Does the BRRRR Method Work in Real Estate?

How Does the BRRRR Method Work in Real Estate? Before we go too far, let's get our terminology straight. The BRRRR acronym stands for Buy - Rehabilitate - Rent - Refinance - Repeat. That's four R's in a row and...

Continue reading →

Tips to Get Financing for Startups

Founding your own company can be a great way to get yourself ahead in the current day and age. These days, startups are more common than ever before. While this can be a great sign that you are on...

Continue reading →

What is an ALTA Statement?

What is an ALTA Statement in Real Estate? The American Land Title Association (ALTA) is a nationally recognized group that works on behalf of the Title industry. For over 100 years, ALTA has set the standard for documentation requirements in...

Continue reading →

How To Estimate Rehab Costs

Rehab Cost Estimation Has Changed There once was a time when a house remodel was a shot in the dark. New home construction was a follow-the-instructions kind of experience with well-known formulas, calculations, and estimating tools. Remodeling a home was an entirely different...

Continue reading →

Construction Loan Requirements

What Are the Requirements For a Construction Loan? Real estate developers and homeowners often need to borrow money to complete a construction project. There are many choices for borrowers to choose from depending upon a few different factors. Loan amount, term,...

Continue reading →

How to Insure a Home Flip

How to Insure a Home Flip In real estate language, flipping a home is slang for buying a home property, quickly rehabilitating it, and then selling the upgraded and updated home for a quick profit. Because the home is a work-in-progress, it's important...

Continue reading →

Proof of Funds Letter for Real Estate Investment

Proof of Funds Letter for Real Estate In real estate, buying and selling property is done using many different purchasing scenarios. Most real estate transactions are for large amounts of money. Real estate sellers want to know the buyer can pay for the...

Continue reading →

What is Escrow in Real Estate and How Does It Work?

What is Escrow in Real Estate? There are a lot of words and terms that are unique in the world of real estate and one of those terms is "Escrow". The meaning and use of Escrow in real estate transactions are critical...

Continue reading →

Best Cities To Flip Houses in 2020

Best Cities To Flip Houses in 2020 For real estate investors who like to buy houses, remodel them, and then sell them for a profit, this is a great time for finding and capitalizing on hot properties in dynamic markets....

Continue reading →