In the world of real estate and business it’s very common to hear about Bridge Financing. The concept is pretty straightforward but can be a bit confusing to understand at first. I remember the first time I heard about bridge loans and my imagination went crazy, I had a picture in my head of an actual bridge getting built. Luckily that only lasted a few seconds and I heard the words “Bridge loans are used for short term financing” by the person who was explaining it to me. Below, I’m … [Read more...] about Bridge Loan Basics: For Real Estate And Business
About Scott Bates
Hard Money Loans: Everything You Need To Know
It happens to everyone in the real estate investment world. You’re trying to get a deal on an investment property and the bank won’t approve you on a conventional loan for the purchase. This happened to me several years ago and my mortgage broker suggested getting a hard money loan instead. From the first day I got approved for my first hard money loan, up until today, I've financed over one million dollars with hard money, its insane to think about sometimes. Below, I’m going to walk you … [Read more...] about Hard Money Loans: Everything You Need To Know
Learn About Making Money Through Real Estate and Rentals
We’ve all heard stories about moguls that have practically built their wealth on real estate. While this may seem like a fairy tale prospect, the truth is almost anyone with real estate knowledge and money to invest can grow their fortunes by investing in properties. Read on to find out about the different ways investing in real estate can save you money. Long Term Residential Rentals Investing in a residential rental property is one of the safest ways to make money. After all, … [Read more...] about Learn About Making Money Through Real Estate and Rentals
First Time Home Buyer Loans: Everything You Need To Know
Are you a first time home buyer? If yes, there's a good chance you're going to have to use a first time home buyer loan program to finance the purchase of your first house, condo, or town home. Then, you'll have to pay back all that borrowed money over a 10 to 30 year period. Unless you've set aside quite a bit of money to buy it for cash. Below, I have researched and organized a list of first time home buyer programs to help you get started on your journey to buying your first real … [Read more...] about First Time Home Buyer Loans: Everything You Need To Know
5 Steps To Signing A Rental Agreement [by yourself or with a roommate]
Signing a rental or lease agreement can be serious business. It's a legal binding contract between you and your landlord. If you have roommates, they are most likely going to sign this with you as another co-tenant. Unless other arrangements are made. We're going to review what prerequisites are required before an agreement can be signed. These include: A Competed Rental ApplicationA Credit ReportA Criminal Background CheckPersonal ReferencesEmployment & Income Verification It’s … [Read more...] about 5 Steps To Signing A Rental Agreement [by yourself or with a roommate]
Financial Literacy: What it is and Why It’s Important
Financial literacy. It’s a skill everyone should have. And if you are interested in managing your money effectively, it’s something you definitely should learn more about. This article will delve into financial literacy to give you an idea of what it is, why it’s important and how it can help you become more financially savvy. The Best Definition of Financial Literacy Is Financial literacy is defined as a set of skills and knowledge that allows an individual to make informed and … [Read more...] about Financial Literacy: What it is and Why It’s Important
How To Make Extra Money Blogging [start a blog]
Blogging can be a great creative outlet as well as a good way to socialize on the internet, but did you know it can also be a money-making prospect? While some people blog for enjoyment, others use their blogs as a source of income. Find out how you can use your blog to start bringing in some extra cash. Create Your Blog The first step will be to create your blog. There are many blogging websites and you can even add a blog to a personal or business web site. However, Wordpress is … [Read more...] about How To Make Extra Money Blogging [start a blog]
House Hacking: Make Money by Renting Out Your Rooms or Part of Your House
With the birth of Air B n B and other DIY rental sites, as well as the rise of the Financially Independent Retire Early Movement, the concept of house hacking has gotten more popular in recent years. But this has long been a common strategy used by those investing in real estate as well as homeowners who want to decrease their living expenses. Simply put, house hacking is a way of making money by renting out rooms or parts of your house. It works best in multi family homes where a person or … [Read more...] about House Hacking: Make Money by Renting Out Your Rooms or Part of Your House
5 Secrets For Timing The Real Estate Market [When To Buy Or Sell]
Timing any local real estate market is pure speculation most of the time. But there are some trends you can look for to help decide when it’s the best time to buy or sell a home (or rental property). With experience and some basic trends, you can get better at timing the market and using that knowledge to negotiate the best deal possible. I recently wrote an article called Negotiation Secrets For Buying Real Estate, check it out if you want to learn more about negotiating real estate … [Read more...] about 5 Secrets For Timing The Real Estate Market [When To Buy Or Sell]
eBay Seller, Be Careful Selling Smart Phones and Electronics
If you're an eBay seller who sells any kind of electronic items you need to proceed to caution. There's a high risk of scams and fraud associated with selling iPhones, Smartphones, and other miscellaneous electronic gadgets. We all know that eBay has a pretty generous buyer satisfaction and return policy. It's so generous in fact, it typically overrides any pictures or return policy (or disclaimers) a seller may have in their product listing description. When a buyer is not satisfied with … [Read more...] about eBay Seller, Be Careful Selling Smart Phones and Electronics