Monday, October 18, 2010

Hard Money Lenders Georgia owes - you to get the best deal of the town

Hard Money Lenders Georgia always keeps itself up to highly professional standards of hard money investing in Georgia. What we believe is to gain new heights in our professional presence by sharing our wealth with real estate investors in terms of funding with our existing and prospective clients.

We have a lot of information about things we are seeing in the current fix and flip market of Georgia. And in that perspective there is couple of things that I think real estate investors need to know about Hard Money Lenders in Georgia. The first and foremost thing is that we see so many people bringing potential investment opportunities for us to fund and they are not having good deals in reality. On average we are seeing that most real estate investors in Georgia are actually purchasing properties at full retail value. What the property is really worthy once it is fixed up? We are finding that a lot of real estate investors in Georgia are 30% overvalue as to meaning what a property is worth, 30%.

We are seeing that most investors are buying a property for 30% more than what they should be. So it just tells you that real estate investors in Georgia need to be looking for better deals. There is lots of Hard Money Lenders in Georgia who are seeing a deal that are not much worthwhile for both investors and hard money lenders and that is just the bottom line. So it is important to know how to evaluate good deals and for that you need to look at actives and sold ones. You got to look at lowest actives and lowest solds in fixed up condition. If you look at lowest actives and lowest sold ones in fixed up condition you are going to find a good deal. We know it is exciting when you find the deal and you think that deal could make you a lot of money but in fact that we are seeing the Hard Money Lenders in Georgia are people offering 30% more in getting properties under contract, 30% more than what they are really worth which means you are not going to make any money on that.

So Hard money lenders in Georgia want you to know two things today; number one is buying the property right. Most people are paying 30% too much to the property so be careful with that. How to establish what the property is worth, look at your actives, sold ones, fixed up, lowest actives, lowest solds in the immediate area fixed up that is what your property is going to sell for and lastly it is important not to fall in love with these properties. You got to look at it as an investment, don’t overlook comparables.

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