Insula Capital Group LLC

The traditional loan process isn't an easy one for most people. An alternate to them is hard money loans, which are private financing over a short term. It's a favorite of real estate investors  looking to increase their investments, but others can also use it. Learn more about the list of people that can benefit from hard money loans. Residential and Commercial Property Investors Hard money loans are most used by real estate investors looking to invest in residential and commercial properties for various reasons . The investor's purpose may be to rent out the property, sell it for profit, or keep it long-term as a retirement plan. They can take hard money loans to purchase the property regardless of what they intend to do with it. It also has the added benefit they'll get approvals quickly and won't have to go through credit checks. Their previous history also doesn't negatively impact the loan approval process. Contractors Many hard money lenders also provide ...

    The house-flipping industry is constantly making gains. But not all projects are successful, and although there are great profits to be made, renovation projects can go bad quickly. Here are some insights that can help make a Fix-and-flip business a success. Do the Proper Homework Before investing in a fix-and-flip home, it's important to look at the area, how much it will cost to fix and how much profit can be made by selling it in the current market. Find the perfect project by looking at houses that need fixing in good neighborhoods. They're likely to sell faster. Good neighbors make a nice neighborhood. Inspect the entire location and check for crime rates, good school systems, and other amenities. Houses that have such benefits and are in good locations tend to sell faster . A good profit can be made as well. Make a Detailed Plan Make a detailed plan with a clear scope of how much work and how long the fixer-upper will take. Work with knowledgeable contractors in case...

  Before committing to buying a home, a professional home inspection should be on every buyer's list. Buyers might object, thinking that the investment process is already long as is, adding a home inspection will add to the cost and make it an even longer process. Private financing can help with that, so buyers should invest in professional house inspectors. Home inspections are necessary because it reveals the existing problems with the property. Learn more about the common home inspection finds. Weak Foundation A house that has a weak foundation will have doors and windows that stick, floors that slope down, or a door that swings in a certain direction when ajar. A weak foundation is caused by several problems and can lead to many issues as well, such as water damage and grade sloping. Buyers may not know how to check if the house has a weak foundation. That's why home inspections are important. A house can't be made into a home when its base seems to be crumbling at any ...