Real Estate Investing 101: Advanced

You are now a real estate investor. You may own several properties and have reserves that you want to keep using for buying and selling real estate. We’re going to touch on a few items to consider as getting this deep into real estate is very specific for each situation and investor.

Leveraging money – As you build equity in your properties, you may want to set up lines of credit on them. Typically a bank will give you 70-80% of the equity on a line. This allows you to tap into that equity to purchase or rehab other properties. Keep in mind that you will be paying interest on any money you use and that it will have to be paid back at some point.

Hard money – You may need to find a “hard money” lender who can provide you fast cash for purchasing a property. These loans are usually short term with high interest rates. They can be helpful when you find an amazing deal that you are going to turn around and resell or refinance. It’s important to find a reputable lender through a referral in these situations.

Cash-out refi – As you come across great deals, you may be able to pick up properties that you will be able to pull your money out of after capital improvements are made or rents are increased. Typically, you would pull out 80% of the value and leave 20% in for the downpayment of the new mortgage. This only works if the property value greatly increased from the purchase price. Keep in mind that there is also a seasoning period before a bank will give you the refi.

Buy & Hold or Flip – Each deal you find should be evaluated to see which use is best. Is it better to buy and hold as a rental property, or better to rehab and flip? This also comes down to your goals. If you are looking for long-term returns, then holding is better. If you need to make some cash now, a flip may be best. In either situation, you need to know how to figure all of the costs to purchase, rehab, hold, sell, etc. 

If you have questions about real estate investing, please reach out. I’m happy to meet and discuss your specific situation.


Pricing Your Home to Sell 

What is the big deal about pricing your home right to sell? As a home seller, you may be thinking, “Wow, this market is great. There are so many buyers looking for homes they’ll pay anything! I’ll just mark my price up and see what offer I get.”

Unfortunately, this kind of thinking backfires. Even though buyers are looking for homes, they are pretty savvy and know what homes are selling for. Also, their real estate agent will be checking comparable homes to see what your home should be listed for and how your home compares to other homes on the market.

8 Must Haves for Your “Final Home” Purchase

In all cases, this “final home” purchase feels heavy. There’s a lot of pressure to find the perfect home. Here are some considerations to keep in mind if you are preparing to find your forever home.

11 Summer Fun Activities Within An Easy Drive of Lancaster County

One thing that is so great about living in Lancaster County is that you are a short drive to fun attractions in neighboring counties! There are so many places to visit you could fill up every weekend trying something new. Some of these are my favorites, while others are on my bucket list. I would love to know your favorites!

Is A Multi-Generational Home Right for You?

Multi-generational living is on the rise. It’s not unusual for grandparents, parents, and children to live under the same roof. But is multi-generational living right for you? Let’s take a look at the pros and cons of living in the same home with several generations of one family.

The 2024 Housing Market is Heating Up | Lancaster County, PA

This year’s housing market is off to a great start! Are you a home buyer or a home seller? Are you curious to know the latest 2024 spring housing market stats? Let’s take a look at what’s happening with the housing market both locally in the Lancaster, Pennsylvania, area and nationally. We’ll take a look at home sales, housing inventory, home prices, and other key points.