With the real estate market providing abundant lucrative opportunities, it doesn’t come as a surprise that many people are getting into the investing game to achieve financial stability. However, while some investors are raking in millions, others are still struggling to make ends meet. If you want to make more money with real estate, here’s how you can yield substantial profits in a year or two.

Fix and Flip Properties

House flipping happens to be a very popular method of investing in real estate these days, and for a good reason: it presents the opportunity to make great profits in a short period of time. Essentially, this strategy involves buying properties at a relatively low price, renovating the properties, and then reselling them for a large profit.

However, it’s extremely important that you take into account the market conditions and the time of purchase. After all, if you hold onto a property for too long, your expenses may gradually exceed your profits. If you’re not sure that you can sell the property very quickly after flipping it, don’t worry. Flipping provides a safe route of investment because, if a home won’t sell, you can typically rent it out. Which leads us to our next point.

Buy and Rent Out Homes

Buying real estate and turning it into a rental property is another effective way to make real money. If you are an investor looking for solid cash flow, this strategy is perfect for you. By investing in rental properties and attracting (and retaining) long-term tenants, you can effectively establish a regular income stream. Remember, when you decide to take on the rental route, the more improvements and upgrades that you provide your tenants, the more you can charge them for their rental payments. For example, by adding granite countertops to the kitchen, your rental value will naturally increase.

Finance Your Investments

Consider securing financing through a reputable lender at the lowest possible interest rates and use this money to invest in properties, rather than doing so from your own bank account. Wondering why? Well, you can obtain an awesome deal on a line of credit from the equity in your home, provided that you have a good credit score.

Then, before you search for worthy properties to invest in, determine how much money you need for no money down options. Work with sellers, REO officers and real estate agents to come up with an innovative way to earn profits from foreclosed properties, and negotiate your closing costs to make the purchase easier on your pocket.

Real estate has consistently proven to be a lucrative market, however, it is certainly one that comes with some barriers. If you’re struggling to make ends meet in your real estate career, be sure to consider one of these three options before throwing in the towel. Commonly, these options tend to provide a boost to real estate careers and often end up being significant pivots in a real estate worker’s success.

When people decide to become landlords, they usually think of renting out a residential property, such as a single family home or a condo. While a lot of investment properties are made up of these types of rentals, the smartest real estate investors know that they can make bigger profits by cashing in on commercial properties. If debt plagues your wallet and you’re looking for a way to escape it as quickly as possible, commercial investment provides a great avenue for you to obtain high-profit yields and successfully pay off your debts. Here’s how:

Multiply Cash Flow with Leverage

By placing “positive leverage” on an asset, you can multiply the amount of net expendable cash by borrowing capital at a lower rate than the property provides you. For example, let’s suppose a friend loans you $20 and they ask for $21 back, to include interest. Then, you immediately loan that $20 to someone else and ask for $23 back – letting you pay back the $21 you owe and make a profit of $2 with no additional investment.

Pretty simple, right?

If you’re looking to pay off your debt as quickly as possible, be sure that you look away from banks and more toward private lenders. Why? Well, banks move much slower because of the abundant red tape that they have to go through before providing a loan. This is primarily a result of the 2008 recession, where banks were providing loans much quicker than they should have. Due to this, heavy regulations were imposed on banks, making private lenders the expedient loan provider as they face dramatically less regulation.

Furthermore, you can use the loaned money you receive to make cost-effective improvements on commercial property that you may already have a stake in. By upgrading the property, you directly improve the desirability and utility of the asset, which quickly causes the property value to rise and allows you to charge higher lease rates.

For example, if you own an apartment complex, consider installing granite countertops. The beauty of granite is its low maintenance requirement, long-term durability, and 20-30 percent return on investment.

Just be sure that you’re cautious when upgrading. One common error many people make when first upgrading their commercial properties: they try to implement the upgrades themselves. When it comes to commercial investments, be sure you’re putting the proper money into upgrades; and that includes hiring professionals to take care of the maintenance.

Commercial investments are a great way to get rid of your debts and make money in a short period of time. However, if you want to make the process quick, be sure to check out private lenders. If you’re wondering if you’re qualified for a loan from Specialty Lending Group, click here to learn more.

If you’re looking for a new way to pay your bills, consider investing in real estate. Getting involved in the industry is a quick and easy process – and you don’t have to worry about having enough money to become involved thanks to organizations that are called “hard money” lenders (the word hard refers to “hard assets” like real estate). Here are four reasons why it’s never too late to begin your career in real estate investment.

 

1.The Market Has Room.

With summer coming to an end, the real estate industry is transitioning into a “buy-industry.” This means that housing prices are lowering, subsequently, letting you profit more if you invest now. In addition, the renowned “Brexit” has rapidly expanded opportunities for real estate investment, as investors are fleeing the UK market to begin investing in the U.S. market. Take advantage of the growing opening in the market – now is the best time to become an investor.

 

2. Your Past Professional Experience Can Become Your Niche.

Need an advantage in real estate investment? Well, you’ve just spent your entire professional career providing yourself one, no matter what field you come from. Think of all the contacts, experience, and relationships you have. Apply that past experience into investing in a real estate niche, tapping all your prior connections and knowledge as you go. You don’t need to throw away what you’ve spent so much time doing. Instead, you can turn it around to give you an advantage over others.

 

3. You Don’t Have to Quit Your Day Job.

Real estate investment doesn’t require quitting your day job. Sure, it’s no breeze – but unlike most other jobs, you can continue working your 9-5 and begin your real estate investment career during afterhours. Even if you’re not making big bucks at first, it’s always nice to have a little bit more income to apply toward your bills, car, or even your next vacation. This also lets you make sure that the industry is the right fit for you, letting you transition without taking a leap of faith.

 

4. You Don’t Need a Specialized Degree.

Most people already know this, yet it tends to be a common deterrent when considering a major professional transition. Investing in real estate does not require a specialized degree. In fact, real estate is among the highest paying industries for professionals without a college degree. The industry is relatively open-armed when it comes to educational backgrounds. The focus is on the present; it’s not where you were, but rather how you are.

 

If you’re looking for a safe industry to become a part of, investing in real estate is your best bet. You don’t need to stop in your tracks and change your entire lifestyle. You can easily get money from lenders to jumpstart you career and use your past professional experience to your advantage.

In the real estate industry, flipping a house can be a great way to quickly yield significant profits. House flipping involves purchasing a relatively low-cost home, investing in a range of renovations and then reselling at a profit. If you are on the fence about flipping a home, here are four reasons why you should jump into the practice now.

1. Profits Come Fast

One primary reason that people flip real estate is its potential of making a quick profit. If done correctly, house flipping can rake in large profits. The process is simple. First, you purchase a typical home at a bargain price. Then, just hire reliable contractors at reasonable rates. Can’t find any? Ask around and you’re sure to find something. Finally, place the home on the market at a price that will cover your expenses, as well as provide you a profit large enough to pay your bills and send you on a relaxing vacation. Of course, this is an oversimplification of flipping, but in reality, it is pretty much this simple. The returns prove to be achievable in only a short period of time; in many cases, the returns occur in just a matter of months.

2. Your Network Will Grow

Undertaking a flip lets you make new contacts in the industry, including insurance brokers, realtors, attorneys and contractors. Since flipping doesn’t require you quitting your job (yes, many people do it on the side), you can take advantage of these connections in your full-time industry, or, at worst, make a few new friends. Many people never got around to expanding their networks, whether it’s because they did not attend a large university or just never got around to it. If you feel like growing your network on the side, house flipping will definitely do the job.

3. You Work for Yourself

If you hate waking up early in the morning only to go to an unnecessary meeting, you’ll love flipping houses. Why? Flipping houses means you can be your own boss and have complete control over your time. However, this also gives you more responsibilities, as you don’t have your boss to blame anymore. Luckily, flipping houses typically lets you schedule the most appropriate times for your meetings and the necessity of even having them in the first place.

4. It Doesn’t Cost You Much

Typically, the best house deals are with older, broken down homes that have great property value, but are being sold at a very low price because of the home’s condition. All you have to do is spruce up the property and then sell the home for the price it deserves. Unlike many industries, you don’t need to spend your own money here until you’ve earned it. Private money lenders evaluate the property, and if they believe it will produce a large enough return, they’ll lend you the money to complete you’re your project.

As you can see, house flipping can be a rewarding business for you.  With it becoming more prominent in the real estate world, flipping presents a lucrative opportunity that you certainly don’t want to miss. If you’re worried about having enough money, be sure to check out private property lenders. After all, they are specialists in the field.

On the weekend of October 22-23, SLG, had a great time attending and sponsoring the 41^st Pitbull National Hard Money Conference in Fort Lauderdale, Florida. During the conference, Jeff Levin, President of SLG, was featured as a guest on Voice America’s podcast to discuss Specialty Lending Group and our incoming sister company, Pinewood Financial.

Of the many topics that Jeff discussed, the first happened to be a general recap of Specialty Lending Group. To briefly summarize, our lending group specializes in residential and commercial property lending, and especially focuses on condo conversions due to the shortage of condos in the DC area.

When asked by the CEO of Voice America what deems the Specialty Lending Group as “special,” Jeff confidently responded by identifying that we deal with transactions that don’t necessarily fit into the bank’s box of lending-quality – a result of post-recession, strict banking regulations. In fact, our group focuses on the credibility of every opportunity without predetermining results until we consider the actual investment.

Additionally, as mentioned previously, Jeff announced our incoming sister company, Pinewood Financial. Pinewood functions in a similar manner as Specialty Lending Group, however, instead of focusing on $100,000-$1,000,000 non-stabilized assets, Pinewood Financial will focus on $1,000,000-$5,000,000 assets. Essentially, our sister company is the in between of hard-money lending and banks.

Later in the conversation, Jeff explained three key components of Specialty Lending Group and Pinewood Financial’s strategies. First, Jeff discussed his plans to expand up and down the East Coast beginning in 2017 due to the large gap that currently represents the lending region. Second, Jeff emphasized relationship lending. In other words, converting a client into a repeat client is one of Jeff’s primary goals when dealing with customers. Finally, the discussion moved toward local versus regional thought; and Jeff explained how, while he certainly puts most of his effort toward local trends, he always ensures that he allocates some attention toward national trends and identifying lending gaps across the country.

For Jeff and the team, the 41^st Pitbull National Hard Money Conference was an energetic and informative conference that was well worth his time. After making some integral connections at the conference, Jeff is confident that he will be returning in the future.

Be sure to click here or below to listen to the full interview by Voice America.