Insula Capital Group LLC

  Hard money loans are a very popular real estate financing option. Unlike traditional bank loans, hard money loans are quick and easy to get approved, allowing you to capitalize on opportunities that present themselves. They have physical property as collateral which often simplifies the loan process and makes it easier for borrowers to get loans. If you’re planning to get a real estate hard money loan, here are all the documents you might need. Purchase Contract It’s important to have a purchase contract if you’re buying the property. In case it’s a refinance  loan, you might need a pay-off statement from the existing lender. As the loan will be given against the property being bought, you need to give evidence for the purchase of property for it to be taken as collateral. Preliminary Title Report The title report is very important. It shows the ownership and confirms the transfer of title for the property. The designated title company will provide this for the loan. Two For...

  Choosing the right property is all that truly matters in real estate. But this isn’t an easy task. There are a lot of factors to consider before you make the final call. As real estate investments are huge and can get risky, it’s crucial for real estate investors to closely consider all the factors before making the purchase. Here are some things you need to consider before you buy your property. Buying Trends When considering a property for purchase, it’s important to study the real estate buying trends  for the location. You need to see if it’s a good location and neighborhood. Search answers for the following questions: ·   Are people interested in buying a home in the area? ·   What is the demand for real estate properties in the area? ·   Are the real estate prices for the area rising? Make sure the answers to all the questions above is positive before you dive into buying the property. Property and Taxes You need to know the property and tax laws of the ...

  Construction projects can be costly and can go over budget if not managed properly. It’s therefore important to take the right measures to save and cut costs on your construction projects. Plan your budget before the project starts and stick to it. Keep a strict check and balance on your processes to ensure everything is being done as efficiently as possible. Here are some other ways you can save costs on your construction project. Planning You need to plan the entire construction  project. Make sure to research the best and least expensive places to source your material from. Ensure that the material you’ve sourced is already onsite when your contractor needs it to cut down delays. Search for custom builders that provide the best value for your money. Sometimes your contractor might be able to source better and less expensive material for you. Discuss the material required for the project with them. Source the material yourself if you believe you can get better prices or le...