Many flippers are single-person or husband-and-wife businesses that operate as sole proprietorships. In general, this kind of business would benefit from setting up a limited liability company, or LLC, for these reasons: Limited liability: If you get sued because your business defaults on a loan or a person gets hurt on your property, the plaintiff Read More…

The mortgage meltdown of 2008 triggered the Great Recession, which prompted banks to tighten credit and raise underwriting standards. This in turn gave impetus to alternative, or non-bank, lending, a sector that includes hard money real estate lenders. Each type of lender has its own characteristics, but five differences between bank and hard-money lending form Read More…

Getting the math right is the single most important factor in successfully flipping a property. Without doing the numbers correctly, you are most likely to fall short of expectations. You will need to get a handle on your costs (including financing costs) and the profit potential for the property and its neighborhood. Your math will Read More…