When it comes to securing financing for an investment property, you generally have two options: a residential or a commercial loan. Each is appropriate under certain circumstances, but you will need to examine your own financial situation as well as the type of property you intend to buy before you decide which of these loans […]
To understand the basics of home equity lines of credit, we must first ask, “what is a line of credit?” Lines of credit are what we typically think of when borrowing money comes to mind, as it simply refers to the amount of credit that’s being borrowed. For example, a credit card with a $5,000 […]
After the pandemic forced the US workforce to test out remote working capabilities throughout 2020 and early 2021, last year started the return to business as usual. By the end of 2021, approximately 40% of workers had returned to the office. However, a total return to in-office work hasn’t yet occurred, prompting many business professionals […]
Managing short-term rentals can be complicated for several reasons, but tax requirements are often the most concerning. This is especially true when new tax proposals arise. You might be wondering about the nightly rental tax proposal aimed at short-term Colorado rental properties, and you’re not alone. Let’s review the basics of the proposal and the […]
Thinking about putting your construction plans on hold till your next big loan comes through? It might not be the best idea in this cutthroat world. Putting business plans on the backburner can lose you the vital edge you need. Especially when you have an important project deadline, you should opt for a construction loan via private loan […]
The pandemic years have been challenging for business owners and real estate investors alike, with the majority of workers having to suddenly adapt to working from home. With many employees continuing to utilize their home offices or transitioning to a hybrid model, questions now arise as to the future of the commercial real estate. Investors […]
Borrowers who find themselves “between” properties (trying to sell one and buy another at the same time) may have heard about bridge loans. Though the term may be familiar, many homeowners are not familiar with what bridge terms actually are, what they cover, or how to qualify for one. Let’s examine bridge loans and how […]
What does Hard Money Loan Means? A hard money loan is a loan type that is secured using real property as collateral. Many small business owners and hard money lenders rely on this type of loan as a short-term “bridge” type of loan instead of having to try getting a traditional loan from a bank. […]
If you’ve been shopping around for a new home for an extended period, you’re probably aware of the limited options available on the market. You want a new home, but you don’t want to finance something that doesn’t match what you want. Likely, you’ve thought about the possibilities of having your own home built from […]
The release of the COVID-19 vaccine stands to change more than just the rate at which the virus spreads. Widespread vaccine availability will likely change social interactions, the economy, and real estate as well. Though the vaccine alone is not enough to contain COVID-19 in the US unless over 70% of citizens are vaccinated, the […]