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

 

02 Feb Using an All In One Loan to Reduce Total Interest Expense

Finding a property to purchase is a big undertaking. From determining your list of requirements to working with a realtor and touring one building after another, every step you take will be tailored to your particular situation. Financing, of course, is no exception.   Unless you're among the small minority of real estate buyers who can finance an entire investment in cash, an outside lender is generally going to be a must-have in order to close on a transaction. However, not all lenders and lending situations are made equal. Some buyers prefer a conventional mortgage from a bank or broker, while others...

12 Jan 5 Situations When a Hard Money Lender Could Give You a Helping Hand

Purchasing any property is a big undertaking. This is especially true when purchasing a house or commercial property as an investment rather than as a residence or business location.   Finding appropriate funding for a property purchase of any kind can be overwhelming, even under the best of circumstances. While traditional mortgage lenders can be an excellent resource in many situations, the restrictive underwriting model can pose logistical issues when you're purchasing a property for investment purposes.   As all good investors know, transactions in the real estate world don’t always go smoothly. Sometimes, you need more money than you bargained for, the property...

06 Dec 5 Ways People Who Successfully Fix and Flip Properties Think Differently

Fixing and flipping properties, despite the simplistic and descriptive name, isn't always an easy venture. Those who are good at it spend years in the pursuit of success, learning the trade inside and out, backward and forward. And there's more to success than practice; those who can master the art and turn a profit need commitment, dedication, and --most importantly--a unique mindset.   House flipping is a major investment that can be a great success. Here's what experienced and successful house flippers do that the inexperienced investor might not.   They Plan Ahead Flipping a house takes more than an inquisitive mind and an eager...

01 Nov 7 Ways You Can Reduce Costs On Your Next Flip

Real estate investors like you know what it takes to flip a house profitably. You need a wealth of industry knowledge, a willingness to get down and dirty, and an eye for properties that can be fixed up and flipped with efficiency. The process of fixing up a house takes more than an understanding of the real estate market and a little expertise with a tool belt. The real ins and outs of success only come with experience. Even for the seasoned investor, the rush of the buy and the prospects of a future sale are invigorating, driving a need...

29 Sep Explanation of the Real Estate Purchase Process

Buying a property is an extensive process that entails many steps, from your first visit to getting the keys. To help you along the way, you need to understand what the purchasing process involves and how it applies to your individual situation. Once you have that information, you can smoothly proceed to closing on your purchase.   Getting Approved for a Loan   Before you start working with a real estate agent or Realtor, be sure to get pre-approved by a mortgage broker or banker.  The pre-approval will help you confirm your targeted price range, proactively address any potential lender concerns, and help give...

01 Sep Tips to Improve Your Credit Score Before You Finance an Investment Property

Credit scores are vital when it comes to obtaining long-term real estate financing, because your credit score indicates to potential lenders your willingness and ability to pay your debt obligations. Oftentimes, people do not think about their credit score until they get turned down for a loan. Although the damage may already be done by that time, there are actions you can take to proactively help improve your credit score quickly and easily for both the immediate term and the long run.   Pay attention to the balances on your credit cards. The balance on credit cards matters, even if you pay them...

11 Aug How Are Successful Real Estate Investors Benefiting from the Housing Recovery?

Summary Successful real estate investors are benefiting from the real estate recovery in several ways.  Whether it is by leveraging their experience and resources, securing their financing, taking advantage of today’s stricter lending guidelines, or capitalizing on inflationary conditions, real estate investing is proving to continue to be a very attractive financial vehicle for cash flow.   Leverage Your Experience and Resources The housing market has been on a continued up-swing. For example, CoreLogic reports that the number of houses sold in February was up by 9 percent when compared to last year, and that home prices had risen for 47 months in a...

28 Jul 10 Ideas to Consider for Your Next Investment Property Flip

As a seasoned flipper, you may have found success flipping homes. However, when working on a project, it is imperative that you know which upgrades are going to yield the greatest return on your investment. Otherwise, costs can spiral out of control, putting your once-profitable project at risk. In this article, we will outline which projects and decisions you should factor into your budget when planning your next flip. This is especially important if you are working with a limited budget and can only focus on a few key areas.  Here are 10 ideas to consider for your next investment...

21 Jul 10 Questions Home Flippers Should Ask Potential Contractors

Anyone who is in the business of flipping houses knows the importance of having sound contractors on their team. Contractors are a pivotal part of the process and someone you can't do without if you are going to make a profit flipping homes. If you are new to the business of house flipping, you might not have a contractor on your crew yet. You shouldn’t jump at the first contractor that comes along. You want to make sure you have a trusted professional who knows what they are doing. If you are planning on making a business out of flipping homes,...

14 Jul 5 Things You Must Do to Be a Successful Flipper

So – you want to be a house flipper?  While you have probably seen the shows on television where investors are flipping homes left and right for a large profit, it isn't as easy as you might think. Making a wrong move could end up costing you in terms of time and profit. If you are looking to break into the house flipping business, here are a few tips to help you along the way.   Look for a home that has potential. While consumers are usually shopping for the house that needs the least amount of work, successful house flippers look...