fbpx

Contact Us

Westpark Loans
6789 Quail Hill Pkwy #146
Irvine, CA 92603
p: 844-574-LOAN (5626)
e: info@westparkloans.com

 

16 Apr Tell Me the Difference: Cash Flow vs. Profit

For some investors, the concept of cash flow and profit are blurred. This is understandable; there is frequently a link between the two, and a lack of cash flow often means that more funds are going into real estate projects than is possible to get out of them. And when cash flows have completely dried up, there is a strong chance you're losing money on your investments, not profiting.   However, cash flow and profits are not the same thing and conflating the two can cause issues for your perspective on the success of real estate investments. If you understand the distinction...

14 Mar 5 Sell Signals For an Investment Property

Investment properties are not forever. Despite your best intentions, sooner or later your situation might change, and it may be a good time to sell your property. However, making the decision to move on is often easier said than done.   If you have investment properties that aren't performing up to par or are failing to fit your current vision, it may be time to sell. These five sell signals for a property investment can help you weigh the pros and cons of hanging on – or make the tough choice to sell.   Your ROI Isn't Living Up to Expectations As every diligent investor...

05 Feb 8 Tips for Being an Effective Landlord

Acting as a landlord seems easy in theory, but the reality is often much different. Success in operating a rental property takes careful effort, deep knowledge, and commitment to providing a positive experience for tenants. Despite the perception of real estate as a passive income activity, managing property often crosses over the line into an active job.   This isn't to say, of course, that it's impossible for a property investor to excel as a landlord. These eight tips can help you make the process of serving as a landlord as simple and successful as possible.   Be Selective When you're seeking tenants, particularly at...

17 Jan Retirement Savings to Purchase an Investment Property

Purchasing an investment property can entail significant cash needs. An Alternative Documentation or Hard Money loan can cover a significant portion of the financing, but it might help to have a larger down payment, money to fix up the property after purchase, or just a cash cushion while investing in property.   While not often a utilized strategy, using retirement funds can be a potential alternative. It sounds risky, but when employed at the right time, going outside the box can be advantageous. If you are considering utilizing a 401(k), 503(b), or IRA to use in property investment, here's what you need...

13 Dec Cash Out Refi Now for the Inevitable Market Downturn

A big part of being successful in real estate investing means understanding the ins and outs of the market. Being a seasoned and effective investor goes far beyond simply buying and selling property; there's a lot more to know, from which improvements generate the highest ROI to how long to wait to make a purchase when the market isn't quite right. Another major strategy that can differentiate amateur investors from seasoned pros? Knowing how and when to utilize a cash out refinance when the market is poised to take a dip. If you're looking for a way to grow your...

06 Nov 7 Money Management Tips for Real Estate Investors

When investing in real estate, how you manage money can matter more than how much you have available. With so much cash changing hands and potential for loss should anything deviate from the plan, you need to know exactly what's going on in your finances at any given time – and there's little room for error. When things spiral even a little too far out of your grasp, it becomes increasingly more likely that what looked like a sure thing is actually a loss.   Instead of throwing caution to the wind and assuming everything will work out, take time to make...

16 Oct 6 Real Estate Investing Tips for Busy People

For those with the right knowledge and an appropriate level of risk tolerance, property investment has plenty of upsides. However, it's often quite labor-intensive, entailing time spent studying the markets, researching the industry, learning the metro area, touring properties, and performing upgrades and renovations – and making this commitment isn't always possible for everyone. For busy adults, it may seem like there's no time in the day to commit to a major investment.   Despite the time requirements many investors face, this doesn't necessarily mean you can't succeed in real estate investing with a busy job, family, or school schedule. These six...

11 Sep 6 Skills That Define Every Real Estate Investor

In theory, real estate investing sounds relatively simple: buy a property, transform that property, and either flip the property for more than the initial purchase price or rent it out to tenants. Simple, right? Not so fast.   While the basic steps to succeeding in real estate are fairly straightforward, mastering the logistics requires a serious amount of experience and expertise. From knowing when and where to buy to handling the repair work that can accompany both serving as a landlord and a successful fix and flip, there's a lot to know about real estate investing.   Successful investors must have more than a...

09 Aug Debt vs. Equity Financing Explained

Investing in real estate is an exciting opportunity to make money and diversify your portfolio, but even experienced investors stumble with one major component of buying property: funding an investment.   The average property purchase costs hundreds of thousands of dollars. As an investor, it's up to you to make the right calls for your portfolio, by carefully analyzing the financing available to you based on your future objectives, your plans for your property, and even your current financial position. Your choices? Debt or equity.   Financing a Property Purchase There's no way around it: buying a property requires capital. It may be a lot,...

17 Jul Reasons Your Flip Flops and What to Do About It

Reasons Your Flip Flops…   The process of fixing and flipping has made a mark in property investing as an effective way to turn a profit. In theory, the concept is simple: buy a house, fix it up, and sell it for more than you spent. However, the reality is a little more complicated. A successful flip means understanding the neighborhood, choosing appropriate improvements, and keeping to a strict budget in order to maximize your returns.   If you haven't encountered a failed flip yet, you're clearly doing something right, but it very well may happen in the future. No property investment is...