Real estate rehabbers are natural-born entrepreneurs. Being a rehabber is like running your own business. You must be a marketer, a salesperson, a product expert, an accountant, and a people manager. Yes, it all means that you’re a control freak who insists on being directly involved in every aspect of his or her business. If it describes you, then read on. You can now also assume direct control of your retirement planning by learning more about investing in real estate via non-recourse self-directed IRA loans.
Hard Money Blog: Invest, Revitalize, Create, Prosper
Growing Rich with Non-Recourse IRA Loans
The beauty of real estate investing is that it can make you money both in the short and the long term. If you are looking to supplement your current income, fixing and flipping properties is an ideal strategy to do so. For those with longer investment horizons, rehabbing and holding the properties as rentals offers an opportunity to build substantial equity over the years. However, there is another often-overlooked strategy that delivers incredible results. It’s investing in real estate via non-recourse IRA loans.
If you have an IRA retirement plan and interested in real estate investing, you owe to yourself to learn more about non-recourse loans and self-directed IRAs.
How Being a Rehabber Is like Running Your Own Business
There are a lot of smart, successful people all around us. However, not all of them can be self-employed and run their own business. This is a unique skill. In my mind, what differentiates entrepreneurs from other folks is their ability to wear different hats effectively. Remember the saying: Jack of all trades, master of none. I hate this saying. You don’t have to be a foremost expert in a particular “trade” to succeed. Your value might lie precisely in the fact that that you know several trades well enough to explore connections between them and leverage them together for your goals.
Pros & Cons of Rehabbing Cheap Properties
Recently we’ve been receiving a lot of inquiries about financing rehabs in Baltimore City. A significant portion of those calls is from borrowers looking to purchase homes with an acquisition price of $60k or below. While we are always happy to discuss any scenario, our 13-year experience taught us one sure thing: not everything is gold that glitters. To apply this saying to the world of real estate investing—not everything that’s cheap is a bargain.
How to Succeed with Your First Fix & Flip
Your first flip is a cornerstone of your investment career. It may launch a profitable side business that will steadily increase your net worth. Alternatively, it may sour you on real estate for years to come. Being a first-time real estate investor doesn’t necessarily put you at a disadvantage. However, since you are facing a slew of unknowns, this is not the time to be overly confident. Swaggering attitude is a sure sign of a first-time investor immaturity and a red flag for private money lenders like us.
Are Rehab Loans Cheaper Than Hard Money?
Hard money loans offer unparalleled leverage, speed, and flexibility—something that conventional lenders cannot even come close to. To compensate for the risk, private lenders charge more for their money, making their loans more expensive than those offered by traditional lenders. If you are one of the traditional lenders, the only advantage of your product is the price you charge.