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Westpark Loans
6789 Quail Hill Pkwy #146
Irvine, CA 92603
p: 844-574-LOAN (5626)
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11 Sep 6 Skills That Define Every Real Estate Investor

In theory, real estate investing sounds relatively simple: buy a property, transform that property, and either flip the property for more than the initial purchase price or rent it out to tenants. Simple, right? Not so fast.   While the basic steps to succeeding in real estate are fairly straightforward, mastering the logistics requires a serious amount of experience and expertise. From knowing when and where to buy to handling the repair work that can accompany both serving as a landlord and a successful fix and flip, there's a lot to know about real estate investing.   Successful investors must have more than a...

09 Aug Debt vs. Equity Financing Explained

Investing in real estate is an exciting opportunity to make money and diversify your portfolio, but even experienced investors stumble with one major component of buying property: funding an investment.   The average property purchase costs hundreds of thousands of dollars. As an investor, it's up to you to make the right calls for your portfolio, by carefully analyzing the financing available to you based on your future objectives, your plans for your property, and even your current financial position. Your choices? Debt or equity.   Financing a Property Purchase There's no way around it: buying a property requires capital. It may be a lot,...

07 Jun Upgrading an Investment Property to a Smart Home

Technology affects almost every part of daily life, changing the face of communication, entertainment, media, and job functions rapidly and unabashedly. Books are now on a screen, television streams in the palm of our hand, computers automate tasks that used to take hours to accomplish, and even a catch-up phone call has transitioned to text messages and emojis.   Technology has also made its way into real estate properties. Over the last decade, innovations in functional home upgrades have skyrocketed, creating a new and exciting frontier of opportunity. The potential in smart home technology isn't restricted to homeowners, either. As an investor,...

05 Apr 7 Home Upgrade Jobs to Leave to the Contractor

For property investors, repairs, renovations, and upgrades are par for the course. Whether you plan to rent out your property or sell it for a profit, improvements, whether minor or major, are generally required.   While experienced investors often know what kinds of renovations provide the biggest boost to property values and thus the largest return on investment, or ROI, the mechanics behind performing many necessary upgrades are a little less clear. An experienced and practiced contractor can be an enormous asset in ensuring home renovation projects are done and done right, avoiding the possible need for additional repairs to fix DIY...

08 Mar The Definitive Real Estate Investment Guide

Succeeding in real estate investing can be a challenge, especially for those just getting established in the industry. But if successful, real estate investments can be very lucrative. If you want to make sure your investments are as strong as possible, the more knowledge you have at your disposal, the better.   This definitive list of tools and tips can help you stack the deck for success, no matter where you live or how much you have to invest in your next property investment.   Research Well Before Making an Investment Research should be a given for every investment, from a single stock...

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...

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...

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...