Category: Business Financing

Ready to start flipping houses? It can be a lucrative way to make money. But it’s not easy and you typically need to have cash to get started. If you don’t have enough money to buy a home and pay for renovations tucked away in savings, you’ll need to explore your financing options with fix and flip loans. Type of fix and flip loanRecommended for investors who:Hard money loanAre experienced with 2+ flips ORAre novices working with a contractorHave lower… Read More

If you’ve owned your own small business for any length of time, you know how important it is to keep accurate financial records. Not only is it wise to know how well your company is doing overall, but it’s the only way to stay legally compliant with industry and tax laws.  In order to stay on top of your money, you may have looked into hiring a bookkeeper or an accountant. But are they the same? How does each one… Read More

If you’re thinking of flipping houses for profit, you’re entering a lucrative market. According to Attom Data Solutions, U.S. home flipping rates reached a nine-year high in 2019. Over 49,000 homes were flipped in the first quarter of 2019, with an average gross flipping profit of $60,000. That number is a 38.7 percent return on investment compared to the original acquisition price.  Preparing for a big business purchase often includes preparing for a loan application. You can put yourself in… Read More

Hard money loans, sometimes referred to as “bridge loans,” are a type of loan program typically used by real estate investors. Hard money lenders are usually not banks, but rather private individuals or companies.  This type of asset-based loan uses the property as collateral. This kind of funding is generally quicker and simpler for borrowers than other financing options, though it can be more costly when it comes to interest and fees. The Best Hard Money Lenders If you’ve decided… Read More

As a small business owner, it’s essential to know where you’re going to get financing for your next project. While traditional lenders are preferable, it’s not always possible to get the funding you need. Private money lenders, also sometimes called hard money lenders, are non-bank individuals and companies that can provide relatively short-term loans to small business owners—typically in real estate, but some lenders also provide various commercial loans.  Private money lenders may not be able to give you as… Read More

A cash flow statement is a report that tracks the money that flowed into and out of your business over a fixed period of time. Click below to download a cash flow statement template you can use to create this important report for your company. Cash Flow Statement What Is a Cash Flow Statement?  The primary purpose of a cash flow statement (also called a statement of cash flows) is to show you how much cash your company made and… Read More