How to Get an Investment Property Loan with 10% Down

Real estate investing can feel like an exciting adventure. When you take your time and find the right rental home, the investment might help you improve your monthly cash flow and generate extra income.  Yet qualifying for investment property mortgages may be more challenging than expected, especially if you’re a new investor. Many first-time real estate investors are surprised to learn that a 20% down payment on a rental property loan is considered normal.  A 20% down payment can be Read More

Best hard money loans with 100% financing

Not everyone has the luxury of getting approved for a loan. Whether it’s a low credit score, a spotty payment history, or lack of evidence to prove your creditworthiness, you may not have what it takes. But that doesn’t mean you don’t have options. You may want to consider getting a hard money loan. Here are some of Nav’s top picks for hard money or fix-and-flip lenders.  Do Hard Money When you’re looking for 100% hard money financing, Do Hard Read More

How Do Hard Money Loans Work?

A hard money loan is a unique type of mortgage loan typically used in real estate investing. A traditional lender like a bank does not offer hard money mortgages. Instead, private money lenders and individuals serve as hard money lenders, offering these loans to real estate investors. As with any method of financing, there are pros and cons to hard money loans. They are definitely better suited for certain investment scenarios over others. In order to determine if a hard Read More

SBA Real Estate Loans: What You Need to Know

If you’re looking for a real estate loan for your business, there are several different options available. As you shop around, take the time to consider how SBA real estate loans can help you achieve your goal. There are two different SBA real estate loans that you can apply for: SBA CDC/504 Loans and SBA 7a Loans. Here’s what you need to know about each option and how to determine if an SBA real estate loan is right for you. Read More

SBA Loan vs. Conventional Loan: Which Is a Better Fit for You?

When it comes to financing business growth, entrepreneurs have a growing number of options to consider, and determining which lender is right for you can be a bit of a headache. Two lending options that consistently make the top of the “best business loans” list are bank loans and SBA loans. They are generally the lowest cost options available, and offer the most flexible repayment terms, but are also the hardest to qualify for. SBA Loans vs. Bank Loans: What’s Read More

The Complete Guide to Investment Property Loans

If you’re looking for a new income stream, investment properties can be a smart strategy. The rental market is booming. According to Abodo, the national median rent for a one-bedroom apartment is $1,025.  If you want to become a landlord, you’ll likely need to take out an investment property loan to buy your first investment property. Here’s everything you need to know about your financing options.  4 types of investment property loans Preparing your business and business credit for a Read More

Rental Property Mortgage Rates — What to Expect

Buying a rental property isn’t always an easy process. To become a landlord, there are a lot of responsibilities you’ll need to check off your to-do list. First, you need the right investment property. Then you need to qualify for an affordable investment property loan to make the purchase. But once you complete these initial steps, owning an investment property can potentially give you access to a lot of benefits.  Perhaps the biggest benefit of owning rental properties is the Read More

Everything You Need to Know About the New Overtime Law for 2020

Cash is king for business owners, plenty of it can make your dreams come true, and a lapse in cash flow can sink everything. One of your most important expenses as a business owner is payroll, and things could get a lot pricier starting Jan. 1, 2020, thanks to a change in overtime rules. New Overtime Rule In 2004, the US Department of Labor (DOL) established $455 per week as the earning level at which employees would become exempt from Read More

How to Make an Income Statement

An income statement, also called a profit and loss statement (or P&L), is a helpful tool you can use to track the financial performance of your business. It allows you to determine, at a glance, whether your business is making or losing money. “An income statement shows your bottom line and whether your business is profitable over a period of time” explains Jo-Ann Yuen, a Chartered Accountant with 20+ years experience with multinational corporations and start-ups and the VP of Read More

What Is ARV in Real Estate?

For real estate investors who make money by flipping homes, ARV is a critical metric for determining whether a property can be profitable. Short for after repair value, ARV tells you how much the home is worth after you’ve made the necessary repairs and renovations.  If you’re a fix-and-flip investor, it’s crucial not only to know how to calculate ARV but also to understand how to use the figure to maximize your profitability. What is ARV in real estate? Fix-and-flip Read More