How to Get an Investment Property Line of Credit

If you’re hoping to get more money for your real estate business, look no further than the properties you already own to get the financing you need. An investment property line of credit is a type of short-term financing that utilizes the equity in a non-owner-occupied property to provide ongoing access to money via revolving credit. Depending on your situation, though, there may be other opportunities to get a line of credit to finance your business. If you’re looking to Read More

138+ Places You Can Get Your Credit Scores for Free

If you have never tried to check your credit scores, you can’t use the excuse that you don’t want to pay to see them. There are more than 130 websites, banks, and credit unions where you can get your credit score for free. Some offer them to the general public, while others show them only to customers. With that many options, there’s no reason not to know where your credit stands. Before You Check Your Credit Scores… Keep in mind Read More

How to Find the Best Rental Property Insurance

When all goes well, investing in rental properties can be a great way to earn some extra income. Yet turning on that passive income stream requires a lot of work.  In addition to the hoops you need to jump through to become a landlord in the first place, you must continue to protect your rental property investment for the long term. One way to accomplish this goal is to choose the best rental property insurance coverage you can.  This can Read More

Chase Business Checking vs. Bank of America: Which Is Better?

Having a business checking account seems like a given for any small business owner. Part of separating your personal and business finances simply has to involve a business checking account, along with applying for and using new sources of credit. While a business checking account can’t usually offer the rewards of business credit cards, it is vitally important. Unfortunately, not having a business checking account isn’t just inconvenient, it could also spell bad news for your business.  In a survey Read More

Best Real Estate Crowdfunding Platforms in 2020

Although it’s a relatively new concept, real estate crowdfunding has become quite popular. It allows a large number of investors to pool together their money and invest in real estate properties they may not be able to afford on their own.  Here’s an example of how it may work: Real estate developers want to buy a run-down apartment complex so they can renovate it and later sell it. They need to raise money from investors so they use a crowdfunding Read More

What is the BRRRR Method?

It might be a little chilly outside, but you’re going to be saying brrrr for some other reasons. Particularly, when it comes to real estate investments. BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat, used in real estate investing. When done right, you could earn a hefty return on your real estate investment within a few short months, helping you quickly build up a decent passive income. Here’s what BRRRR is and how it can boost your real estate investments. Read More

How to Refinance Your Investment Property

If you own a rental property, refinancing your investment property can help free up extra money for future investments and reduce your monthly payments. However, refinancing an investment property isn’t as easy as refinancing a home mortgage. There’s stricter requirements, and more costs to worry about.  Below, learn about the benefits of refinancing real estate and how to refinance your mortgage.  What are the benefits of investment property refinancing? Refinancing real estate can be a smart choice even though you’ll Read More

How to Use Business Credit to Buy Real Estate

Building solid business credit is a wise goal for any business owner — including real estate investors. Good business credit comes with a lot of perks. First and foremost, it may help you qualify for commercial loans in your company’s name (often at decent interest rates).  With many types of investment property loans, lenders check your personal credit reports and scores when you apply for financing. Good personal credit may help you to secure better terms and lower interest rates. Read More

Why are My Credit Scores Different?

We get the “why are my credit scores different” question a lot. And for good reason: it can be confusing. You check with Nav and see your scores, but then your lender says your score is different. You get your FICO credit score…and it’s different too. It usually goes a little like this: “I see my credit scores with Nav and my highest is a 734. But, I applied for a loan and the lender said my score was a Read More

LLC vs. Sole Proprietor: How to Make the Right Choice for Your Business

There’s a famous quote that says: “Life is all about making choices. Always do your best to make the right ones and always do your best to learn from the wrong ones”. The decision to incorporate or not incorporate your business can be a very important choice, so for this article I wanted to hone in on a limited liability company (LLC) vs. the sole proprietorship, to assist you with making the right choice in terms of whether or not Read More