Category: Business Credit

If your business needs financing in 2024, you’ll want to pay close attention to the interest rate you can get on your next small business loan. Interest is an additional expense that you have to take into account when figuring out how much you can afford to borrow, and how much it will cost to pay back the loan. Here, we’ll dive into average small business loan rates, how to understand the cost of financing, and where to find some… Read More

Owning a rental property can be a great way to earn money. Perhaps you want to create a new stream of income. Maybe you stumbled upon a great deal and want to take advantage of an attractive investment opportunity. Whatever your motivation, becoming a landlord can potentially be a smart financial move.  But there’s risk involved with becoming a landlord as well. If you’re interested in becoming a landlord for the first time, it’s essential to take your time and… Read More

Hard money loans (also known as bridge loans) are a type of financing typically used by real estate investors. These loans are not issued by traditional lenders like banks, but by private companies and individuals. Hard money loans are a form of short-term financing, with the loan term lasting between 3 and 36 months, because investors don’t intend to hold on to the property for a long time.  Instead, they are interested in buying low and quickly flipping a sale… Read More

Owner financing is a financial arrangement between the seller and buyer of a home. Instead of working with a lender to get a mortgage loan, the buyer makes monthly payments to the seller.  If you’re a real estate investor looking to buy your next property for your business, owner financing may be able to give you opportunities you can’t get with traditional mortgage lenders.  Before you start looking for sellers who are willing to provide such an arrangement, though, understand… Read More

Becoming a landlord can potentially be a smart investment, especially in our current national climate. The number of Americans who rent their homes is at an all-time high, according to the National Multifamily Housing Council and the National Apartment Association. But the current supply of apartments and rental homes isn’t keeping up with the demand. When the process goes well, buying a rental property can generate a passive income stream that can help you now and in retirement. A rental… Read More

Ready to start flipping houses? It can be a lucrative way to make money. But it’s not easy and you typically need to have cash to get started. If you don’t have enough money to buy a home and pay for renovations tucked away in savings, you’ll need to explore your financing options with fix and flip loans. Type of fix and flip loanRecommended for investors who:Hard money loanAre experienced with 2+ flips ORAre novices working with a contractorHave lower… Read More