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

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...

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...

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....

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...

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...