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

18 Jun How to Price Your Real Estate Investment Accurately When Selling

Now that you have held your real estate investment property to your time horizon, it’s now time to sell. But for how much?   As with most investment decisions, determining the best way to proceed with an investment property isn't simple. There are a lot of factors that go into things like pricing a property, from market conditions to speed of sale. While it would be nice to earn a huge profit on every fix-and-flip or relinquished rental property, this simply isn't reasonable. As with any investment, there will be ups and downs.   The appropriateness of pricing can essentially make or break the...

20 May How to Successfully Sell Property to Millennials

In real estate investing, if done correctly, fixing and flipping properties is a great way to see strong ROI. Purchasing low-cost properties, rehabbing them, and putting them back on the market can be a great strategy for those with the right approach.   However, in addition to creating a lovely property with desirable features, one of the biggest factors in an effective fix and flip is knowing your audience. If the market you're working in is largely aging adults, you'll want to focus on different things than you would if your neighborhood is primarily young families – and this mindset is more...

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...

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...