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

 

25 Feb The Phases of a Foreclosure

No one wants to have to face a foreclosure, but it's an element of the real estate world. From a job loss, to a divorce that interferes with finances, foreclosure happens to hundreds of thousands of houses in the United States per year.   The concept of losing your house to bank can seem scary and overwhelming, but when reality comes to call, it's best to be prepared. This is what you need to know about foreclosure, including how to bounce back at the end of the process and secure a loan in the future.   What Is Foreclosure? Foreclosure is the process of forfeiting...

20 Feb Are Your Checking and Savings Deposits Safe?

Dan Harkey, at DanHarkey.com writes great articles about everything related to real estate on his website. You can read more articles by visiting his website. In this article, he asks the question: "Are Your Checking and Savings Deposits Safe?"   Here is the article in full:   "Most folks are under the assumption that federally chartered and federally insured banking institutions were established to collect deposits from the public and make loans to credit worthy consumers (borrowers) as a primary driver to grow the U.S. economy. This pattern was depicted in the 1946 movie “It’s a Wonderful Life.” James Stewart starred as George Bailey,...

23 Jan Should You Purchase All or a Fractional Portion of a Trust Deed Investment?

Dan Harkey, at DanHarkey.com writes great articles about real estate on his website. You can read more articles by visiting his website. In this article, he asks the question: "Should You Purchase All or a Fractional Portion of a Trust Deed Investment?"   Here is the article in full: "The purpose and motivation of investing in trust deeds include the desire to place one’s investable capital into a vehicle that yields greater than other traditional investments that have equal or lesser risk. Annualized yield, monthly payments, diversification, preservation of capital and return of capital at maturity serve as the comparison characteristics.   Investor(s) may purchase...

21 Jan A Beginner’s Guide to Trust Deed Investing

Property investing comes in many shapes and sizes. Most investors stick to purchasing properties either to rent to tenants or to fix and flip to sell for a profit. However, these are not the only potentially beneficial options available for those who want to diversify their real estate portfolio.   Trust deed investing is an alternative to standard investing that can offer extensive advantages to investors. This avenue is not widely utilized and is unknown even to many seasoned property investment experts. While not the right fit for everyone, those interested in taking the next step may find trust deed investing to...

19 Dec How to Estimate the Cost of Repairs Like a Professional

As both landlords and fix and flip investors know, most real estate investments require repairs to some extent. From smaller updates, like new carpeting to complete renovations of entire rooms, very few properties require upgrades of some sort. In fact, the whole premise of a fix and flip is, as the name implies, making major fixes to improve the nature of a property.   In order to properly evaluate the value of a property at the time of viewing, understanding the costs of repairs is absolutely essential. Without a proper understanding of how to gauge repair costs, it's virtually impossible to determine...

14 Nov Why You Should Invest in Single-Family Properties

Real estate investment properties come in all shapes and sizes. Some investors prefer commercial properties, others like multi-family homes, and others prefer apartment buildings. However, as many experienced investors know, the best opportunities for protection and profit can often be found in single-family properties.   The most common form of easily purchasable property nationwide, single-family homes serve homeowners from coast to coast. Another term for a home that houses a single family – unlike something like a duplex or an apartment building that can house many households simultaneously – that is often freestanding, most residential properties throughout the country are single-family homes....

14 Oct Guide to Selling a Home in a Slow(er) Market

Real estate investing brings great opportunity. The opportunity to generate ongoing income, whether in the form of a rental property or a series of fix and flips, is very enticing, particularly as this kind of venture also helps to build financial stability for the future.   However, success in real estate investing is less challenging in a market that is going up. When buyers are eager for a home that's ready to live in, they're willing to pay top dollar – unless the market takes a dip and plenty of properties are available with similar features at a far more reasonable price...

17 Sep 7 Landscaping Projects for Fix & Flips

Fixing and flipping homes can be a lucrative investment opportunity: Many individuals interested in real estate investments have found a profitable niche in fix and flips, which refers to the process of purchasing a run-down or out of date home, fixing it up to increase market value, and immediately selling for a profit.   The fixing part of a fix and flip is where the complexity of this process arises; making the right repairs and upgrades to ensure a satisfactory product is more challenging than it sounds. Understanding what to upgrade in order to best attract buyer attention as well as what...

12 Aug How to Manage Your Small Business Finances to Secure a Hard Money or Stated Income Loan

Running a business is a dream for many entrepreneurially-minded individuals, offering a freedom that working for someone else doesn't allow. However, starting a business takes a lot more than a good idea and big dreams.   Managing small business finances, particularly for those who don't have a finance background, can be a true challenge that will require significant learning and attention to detail. If your business finances aren’t managed carefully, even in the early stages of establishment, you will likely face challenges sooner rather than later. Keeping accurate financial records is paramount to being approved for a hard money or alternative documentation...

17 Jul Do You Have the Makeup of a Great Real Estate Investor

Real estate investing takes time, money, resources, and education. Purchasing real estate is often a high-cost endeavor, which automatically makes it more of a commitment than putting some money in an index fund. Before you leap in with both feet into real estate investing, see if you have the makeup of a great real estate investor. If you’re missing some of these, can you work on them to become the real estate investor you want to be? If you’re investing in real estate properly, you can set yourself up for a lifetime of financial gains.   Do You Take Risks? There's no way...