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

 

08 Feb 8 Tips for Buying a Short Sale

Not all real estate sales are the same. While most investment property purchases have more in common than they don't, some situations, like short sales, can deviate from the norms quite dramatically. As seasoned investors know, short sales offer great potential for big gains, but only when accompanied by substantial experience and due diligence.   Due to the nature of short sales – sales in which the proceeds from a property sale are insufficient to cover the total debts owed – a little more time and effort is required. Simply making an offer and expecting an expedited process for a fast fix...

11 Jan When to Walk Away From an Investment Property

Historically, real estate has been a great investment, but there are times when walking away from an investment property is the best investment decision. The opportunity to hold a property as it gains value or selling at a significant ROI is what all investors picture when taking on a loan to flip a house.   While a strong investment with income potential is certainly plausible, it's not a guarantee, and no one knows this like experienced investors. A bad investment is always possible, and poor planning can lead to an expensive endeavor with few, if any, upsides.   Instead of jumping in with two...

07 Dec Picking the Right Exit Strategy on an Investment Property

Unless they are a part of a trust or estate, investment properties are not generally designed to be held indefinitely. So, sooner or later, you will inevitably need an exit strategy, and making the right choice is often significantly more challenging than investors realize.   Disposing of an investment property is more complicated than simply placing a "for sale" sign in the front yard. While this can, of course, result in a successful sale, a lot more thought should go into the process. Disposing of an investment takes a lot of time, planning, and research. The goal with an investment property is...

02 Nov 6 Questions to Ask for Success at Fix and Flips

Choosing a property for your investment portfolio can be equal parts exciting and exhausting. When many properties are available within your budget, sifting through the options and choosing the perfect one for your fix and flip isn't an easy undertaking.   As an experienced real estate investor, you may have invested in several properties in the past. Maybe most of the investment decisions worked out, but perhaps you ran into a few roadblocks in the early days of your operations. Maybe you spent a little too much on a property that required substantial repairs, or missed out on a low-cost improvement that...

05 Oct 8 Reasons Why You Should Upgrade Your Rental Units

The types of properties you hold in your portfolio as a real estate investor are very important. In addition to appreciating in value and adding to the diversification of your holdings, a rental property has the ability to generate income in real time, putting cash back in your pocket.   However, serving as a landlord is quite different than simply owning property. Maintenance, responding to renter requests, and occasional upgrades necessitate time, money, and attention, requiring significant effort on your part. Even if you outsource the day-to-day management to a third party, there's still plenty to do as the property owner.   The thought...

07 Sep 7 Tips for Staging a House to Sell Quickly

Real estate sales can take approximately 45 days to close in California, so it's only natural to be stressed when time isn't on your side. When you need to make a sale quickly, whether to make a new investment, for tax reasons or to simply free up some cash, you need a solid strategy to meet your goals. A competitive price in a desirable area is a good start, but if buyers aren't interested in the look and feel of your property, they're unlikely to buy.   As seasoned investors know, staging can be very effective in successfully selling a property, both...

03 Aug 6 Things to Consider When Buying an Investment Property

Making wise real estate investments goes far beyond a gut feeling and a little luck. In fact, successful investors put plenty of time and education into each decision, ensuring that every single property is the perfect fit. Making a well-reasoned purchase goes beyond the basics, too; while a solid understanding of concepts like average returns and feasibility of purchase price is important, an understanding view of the bigger picture means even more.   If you're on the hunt for a great piece of investment property, a knowledge of the potential obstacles standing in your path is key. Here are six things to...

06 Jul 7 Property Upgrades for Flips That Cost Under $2,000

Preparing an investment property for market can be time-consuming. The process of capturing the most desirable aspects of a property for buyers to see requires plenty of effort and attention to detail. While some sellers believe that the natural qualities of a property will shine through, dedicated investors often know better. Without proper preparation, you could potentially cost yourself thousands or even tens of thousands of dollars on the profit of your sale.   Determining which changes make the most impact is equal parts science and art, balancing the aesthetics buyers want to see with the simple fixes that won't break your...

01 Jun 6 Best Home Repairs for a Fix and Flip

Many factors go into the perceived value of a property, from the location to square footage. However, even when these basic components are positive, many buyers still put aesthetic elements first. This is true for everything from empty lots to commercial buildings: if your available property isn't making the most of its potential, there's a good chance you won't get the offers you expect.   The focus on cosmetic features only grows for residential customers. Buyers, especially those who plan to live in a property or rent it out for tenants to use, often care greatly about the appearance of a home....

04 May How to Allocate Your Time as a Real Estate Investor

It may be a cliché, but the phrase "time is money" is true, especially in the field of real estate investing. Despite the lengthy process of buying and selling property, the faster you can move things along, the better.   If you've ever felt as though you'd benefit from less sleep and more time to work, you're probably familiar with the troublesome quest for effective organization. The advantages of speed in business are well-known, but time management is one of those skills that's easier in theory than in practice. Adequately allocating time is extremely challenging, especially for active professionals with a long...