Author Archives: Personal Finance

New breakthroughs in counting and handling money

Currency counter machines

For as long as there has been an economy to consider, people have tried to figure out its future. After all, if you could know the future of your money, or money in general, there’s no limit to how much you could make. This isn’t entirely possible, of course, but it hasn’t stopped people from inventing all sorts of systems, equations and machines in order to predict the future of the economy or technology in general. We are just lucky because we are living in a time where many of those predicted advances in money technology are finally being created. From inventions as advanced as high quality scanners to methods that just make it easier when managing coins, there are so many innovative ways that money is being processed, handled and stored. What follows is nothing more or less than a short history (more…)

04 May 2017

Be Safe and Smart with Your Loans

Residential hard money lenders

Money is scarce nowadays so you have to be careful where and when you spend it. And, yes, sometimes you run into some hard times. Those are the times that hard money loans come in handy. You might need a boost to get you going and there’s nowhere else to turn. Well, when you need a hand, those loans are going to be there for you, with fair rates and fairer ideas behind them. What follows is a list of a few things you can finance or buy with a hard money loan and what you can expect when you do. By following these few tips, you can keep yourself financially solvent and rest easy in the comfort of the knowledge that your money is safe and well-invested. All it takes is the smallest bit of effort and awareness.

    Places to Live
    There are a couple places you can choo (more…)

18 Apr 2017

Are You Having Cash Management Problems at Your Small Business?

Cash management software

Retail cash management is big business.
As the cash management industry attempts improve their services to their customers, tools like money counting machines and electric cash counters attempt to provide clients with accuracy and protection. From determining if a check cheque is authentic to limiting access to coins and bills to avoid theft, these systems protect business owners, consumers, and employees. By providing phone support and expedited shipping, these check cheque verification services and retail management systems help business owners go about the job of providing goods and (more…)

13 Mar 2017

The Different Approach Hard Lenders Take to Real Estate Values

Hard money loans

Commercial real estate investing can be a great way to make money. For many people, the best way to make these investments is to talk to hard money lenders and get a different kind of loan. Hard money loans make it possible for some people to get access to the money they need to make the deals they want to make.

According to Reality Biz News, part of understanding private hard money lenders is understanding the way they view real estate values. There are a lot of ways to invest in real estate. Hard money lenders have working with investors for a long time. They provide loans when more traditional ones are not an option. Hard money loans are also looked to when the turnaround time needs to be short. When peo (more…)

17 Feb 2017

The Advantages Of Using A Payroll Provider

Global management services

As any small business owner will quickly discover, there’s a big difference between working for a larger company and being your own boss. There are a lot of responsibilities that go into running a small business. Some of them, you will be naturally equipped to handle — otherwise, you wouldn’t have started a small business in the first place. But many of the tasks that go into running a small business really have nothing to do with what your business does specifically — whether it’s in the food service industry or the retail industry — and everything to do with the day in and day out workings of any business. One of the tasks that every small business owner has to handle is record keeping. Often, this has to do with your employees’ personal records — like their medical records, background ch (more…)

16 Feb 2017

When You’re Flipping a Property, Avoid Making These 4 Common Mistakes

real estate secured lending

The reasons to invest in commercial real estate and residential properties are plentiful, but one of the main reasons is ROI. In other words, both residential and commercial real estate investing can be highly profitable. Although around 32% of people looking to buy a house are first-time home buyers, nearly 6.6% of all single family homes and condos purchased in the first quarter of 2016 were flipped properties — so it’s safe to say that flipping is becoming more and more popular.

But if you’re looking to get in on residential or commercial property investing, there are certain mistakes you’ll want to avoid making. Although these are all quite common, they can lead to unprofitable flips and difficult lessons learned. Your best bet is to learn from these mistakes others have made before you ever have to make them yourself. Here are our top four property flipping mistakes to avoid:

  1. You invest more than you should

    One of the most important residential and commercial real estate investing basics is that you need to go in with a budget and stick to it. Many flippers are too tempted by the potential of their property. You should never sink too much of your own finances into a flip. This can spell disaster, especially when you may have unexpected projects and upgrades to account for. You should look into your real estate secured lending options. Hard money loans for real estate investors can help you to purchase a property quickly in a way that offers better protection for your financial decision.

  2. You don’t give yourself enough time
    Flipping any type of property is extraordinarily time-consuming and labor-intensive. Do not underestimate the time you’ll need to execute a flip. Even negotiating the deal and securing hard money rehab loans take time. Then, you’ll need to actually fit up the property, schedule inspections, and make sure everything is up to code. After all that is done, you’ll need time to put the property on the market and sell it. These meetings and negotiations also take up a lot of time. If you’re not willing to put in the effort, real estate investing and flipping might not be the right venture for you.
  3. You don’t have the skills or knowledge
    There’s something to be said for not being afraid to get your feet wet — but you also can’t go into a new venture totally blind. If you don’t personally have the skills and knowledge to be successful, you need to hire a team of professionals who do. It’s better to hire professionals to do all the work anyway; tempting as it may be, unless you’re highly skilled, this is not the time for a DIY project. But even knowing how to pick the right property, assessing the importance of upgrades, and being familiar with the overall market takes a lot of study. If your general know-how is lacking, make sure you enlist help from people you trust prior to making any big purchases.
  4. You don’t have a back-up plan
    Of course, we all want to believe that our investments will be successful and that we’ll make a big profit. The reality is that this doesn’t always happen. Even if we are totally prepared, find a great buy, and do all of the necessary fixes, you may still have a tougher time selling a property than you might have anticipated. It’s important to hope for the best but plan for the worst. By that, we mean that it’s important to have a back-up plan for your property. Are you able to rent out the property while trying to find a buyer? Could you work with another investor? Even if you’ve used real estate secured lending, your investment isn’t totally protected. If your property doesn’t flip as fast as you wanted, you need to have a viable exit strategy. Preparation is key.

If you’re interested in finding out more about how real estate secured lending can help you purchase and flip properties, contact us today. We’ll answer any questions you may have about real estate secured lending and how these hard money loans can allow you to start pursuing property investment.

02 Feb 2017

What to Know as a First Time House Flipper

renovation financing

Flipping a home, which is the process of purchasing a house, renovating it, then reselling it (ideally for a sizeable profit), is a great hobby for those who are willing to dedicate themselves to the trade. Anyone who gets into this business expecting a simple process is in for a nasty surprise.

While experienced real estate pros may be able to turnaround their houses with the snap of a finger, there’s a lot for first timers to learn. You have to learn all the nuances that separate investing in smaller properties or commercial property investing, what to do with renovation financing and renovation lending, learn all about secured short term loans, and determine where in your community to look.

While you can’t learn everything you need to know about house flipping and renovation financing from a single blog post, you have to start somewhere. Here are some tips from first-time house flippers to help your decision making process go smoothly.

1. Always educate yourself

The more you know about the real estate world, the better. Make it a goal to read something new everyday. Always find more relevant information on the topic at hand, then study, study, study, and study some more.

2. Find a mentor

Flipping houses can be hard work, and many people start off by learning a lot of valuable lessons… the hard way.

If possible, find a mentor who has been through the process a couple times already. Learn from them, and especially take note of their mistakes. Ask if you can help them with their next project as a way to gain firsthand experience. Then, have them help you develop a plan of action surrounding what they have done successfully in the past. Remember, collaboration is key.

3. Understand the ins and outs of purchase contracts

A full 59% of homeowners say they wish they had understood the terms and details of their mortgage better, and that goes for home flippers as well! You are spending a good chunk of change on your home, considering that as of March 2016 the average home sale price in the United States was $186,000.

Also make sure you understand exactly what your home equity is worth throughout every step of the process. Home equity varies per household, and the median amount of home equity for those 35-years-old or younger is around $20,000. If you are at all confused, make sure to talk to a renovation financing expert.

4. Develop a formula, then stick with it

It is important for any home flipper to develop a standard formula to adhere to that calculates how much you are willing to pay for a piece of property and how much return on investment you expect to get from the sale. These can be done manually or digitally.

5. Get out there and do it

Your business will not be perfect after your first try, but you do have to try for the first time. Don’t be afraid to throw yourself into this project.

These tips are beneficial for those looking into both commercial real estate investing and smaller residential properties. Ready to get started? Call the experts at Secured Investment Lending today.

31 Jan 2017

A Simple Explanation of Business Evaluation

Business valuation resources

The maneuvering behind business valuation often confuses those who do not understand the process. Company valuation depends on variables most people are not given cause to consider on a daily basis, but it remains at its core like many free market transactions. This commonality is due to the primacy of the principles of supply and demand. All complex variables aside, the value of a business is the highest amount someone is willing to give to own it. Given that, why then does the matter flummox so many? That question will be examined here in this attempt to provide a simple explanation of business valuation.

The Many Methods of Determining Value

Ask five people how to value a company and you c (more…)

26 Jan 2017

Are You Considering Selling Your Small Business?

Company valuation services

It has always been a little difficult to explain your job, so it should probably come as no surprise that you have also had a difficult time following the basic steps of programs that are supposed to help you with “calculating the worth of my business.”(more…)

25 Jan 2017

Renovating Can You Make A Business Out Of It?

Hard money rehab loans

Renovation is a different landscape than it was in prior decades. In today’s world, many homes are being foreclosed open, or sold cheaply for other reasons. With that in mind, buyers are snapping up these houses with the idea of renovating in mind. For some, renovating is done with a dream home in mind. Rather than spending a lot of money outright on the home they want, buyers spend a little bit on a home that’s in “bad shape” and slowly turn it into the house they want, saving a lot of money in the process. For others, renovation is done with the idea of selling the house for a profit down the road. In fact. some take this second idea so far that they turn it into a business. However, if you want to get started in the commercial real estate business, “flipping” houses for a living, you need to h (more…)

12 Jan 2017