PRIVATE MONEY LENDERS - REAL ESTATE SOLUTIONS

 

PRIVATE MONEY LENDERS - REAL ESTATE SOLUTIONS

The coronavirus pandemic has thrown a monkey-wrench into all facets of life, including paying rent or the mortgage for some which includes real estate investors.

The real estate investment outlook prior to the coronavirus pandemic was looking pretty good with low interest rates, and new home construction still doing well. Fix-and-Flips were on the rise and rentals, though increasing, still were becoming occupied.

However, since the coronavirus pandemic, real estate businesses have either accelerated the growth of their real estate businesses or have watched their real estate businesses decline.

The coronavirus pandemic has impacted all businesses, with smaller companies being hit harder, especially companies with fewer than a couple dozen employees. Why?

Because a small business with fewer than a few dozen employees typically lacks cash flow and capital. Those companies were the first to reduce hours for employees or lay off employees. Those businesses were also the first to stop hiring subcontractors.

With the U.S. officially in a recession, millions of people are suffering.

And acting with compassion over the next 6-12 months is key, whether it is towards homeowners or landlords in trouble or renters having issues making payments.

However, for individuals who are properly positioned as real estate investors, the next few years will spell out O.P.P.O.R.T.U.N.I.T.Y

Even if the extra unemployment benefits and eviction moratoriums currently sun-setting get extended, they will expire eventually.

Between landlords having trouble collecting rents and homeowners in forbearance accumulating a pile of debt, there will be more distressed sales coming online.

Rentals will become cheaper…

And fix and flips will have less “newbies” competing for them.But…because of our housing shortage and continuing low interest rates, people will still buy your fix and flips (if you’re still in business).

The question is, are you going to be positioned to take advantage of these opportunities? Unfortunately, when the housing market softens or does anything resembling a crash, traditional financing dries up.

Hard money lenders go out of business left and right because they have lent to the wrong investors and banks get scared. So they pull out of lending on anything that’s not deemed “very safe”… They cancel credit lines, stop lending on construction or rehabs…And generally just crawl into a corner in a fetal position…(try to picture a “bank” in a fetal position…pretty funny).

That’s the hilarious thing about “Times of Opportunity”:

Most people get scared exactly when they should be entering the market in full force! So how do you ensure that you can still close on deals when all the dummies run for the hills?

Answer: Private Money Lenders

If you have solid private lending relationships, you will be able to pull the trigger on any deal you want. No matter what the market is doing or how many hard money lenders are filing bankruptcy.

1. Private money is personal.
2. Private money is flexible.
3. Private money is crash resistant.

If you BRRRR deals (Buy, Rehab, Rent, Refinance, Repeat), private money is crucial for short-term funding.

If you do fix/flips, private money is a FAR cheaper alternative to hard money and less risky. And if YOU are a good, honorable steward of that money, it will keep flowing to you.


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Women of Real Estate - Flipping Females Real Estate Mentoring

Women of Real Estate - Flipping Females Real Estate Mentoring

FLIPPING FEMALES:

Women entrepreneurs want a place to call their own for their personal and professional lives, a sanctuary for themselves and their families, as well as a stable location from which to grow their business. Business ownership for these women entrepreneurs is precious; they’re capable risk-takers making an impact in the home-buying market just like in the business world.

Flipping Females is a real estate investor group design to teach and mentor women in the real estate industry. Women, teaching women to create and grow their own real estate ventures.

Become a FLIPPING FEMALE today by clicking below and begin creating your own legacy. Flipping Females, real women, real results, real estate investment mentoring.

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Emerging Trends: Women Entrepreneurs and Single Women

Emerging Trends: Women Entrepreneurs and Single Women

RECBL - Real Estate News

With new trends developing at a rapid pace, driven by housings changing landscape and the prevalence of technology, it’s essential to know what lies on the horizon. Two of the most important and fastest-growing markets today are women entrepreneurs and single women.

Women Entrepreneurs
According to Ernst & Young (EY), women are starting businesses at 1.5 times the rate of men in the U.S. While the number of women entrepreneurs is growing at a rapid pace, the National Women’s Business Council (NWBC) reports that 89.5 percent of women-owned businesses employ no one other than the owner and data from the SBA Office of Advocacy shows that 60.1 percent of all firms without paid employees are home-based.

These growing women entrepreneurs want a place to call their own for their personal and professional lives, a sanctuary for themselves and their families, as well as a stable location from which to grow their business. Homeownership for these women entrepreneurs is precious; they’re capable risk-takers making an impact in the home-buying market just like in the business world.

Single Women
Single women homebuyers are on the rise. As the National Association of REALTORS(R) (NAR) reports, single women comprise 17 percent of homebuyers in the U.S., compared with 7 percent of single men. Moreover, according to the Census Bureau, of the 116 million currently occupied housing units, single women comprise 13 percent; in contrast, single men make up only 4.8 percent.

With a (slowly) decreasing wage gap and increased presence in high-paying jobs-between 1970 and 2010, women civil engineers increased by 977 percent, pharmacists by 434 percent, physicians and surgeons by 334 percent and lawyers and judges by 681 percent-women’s buying power is growing substantially. Furthermore, the Department of Labor (DOL) reports that the unemployment rate for women is 4.8 percent, a significant decrease from 9 percent in November 2010. In addition, Census Bureau data shows that on average, women are entering marriage at age 27, compared to age 21.5 in 1940.

This independence coupled with increasing wages and labor-force participation is helping women transform their homeownership dreams into reality. A home is a woman’s sanctuary, a place to call her own, an invaluable asset that cements ones professional progress and economic foundation. The desire to own a home is an enormous driving force in women; they’re doing what it takes and sacrificing in order to become homeowners.

Where are single women buying? A recent survey from Owners.com found that the top 10 most popular metropolitan statistical areas (MSAs) for single women to buy homes share affordability. Specifically, these markets are 70 percent more affordable than the next 10 markets.

There may be a buzzing market of women homebuyers in your city, so make sure you’re prepared to serve women clients. Leveraging your female agents, or your presence as a women-owned brokerage, can maximize your appeal to women buyers looking to work on their home search with women. The business is here and growing. Are you ready?

DesirEe Patno is president and CEO of the National Association of Women in Real Estate Businesses (NAWRB).



For more information, please visit www.nawrb.com.

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