Educational Blogs | Red Door Funding
Disclaimer – Use At Your Own Risk: The information on this website is for general information purposes only. Nothing on this site should be taken as advice for any individual case or situation. We will not be liable for any losses or damages in connection with the use of the information from these blogs. All blogs are meant to be educational. We advise always consulting with a professional before attempting anything written in a blog. We can not guarantee all of the services that we write about in our blogs. Any attempt to perform anything written in a blog can result in serious injury or fatality without expert guidance and oversight.
70% Rule in House Flipping — What is it About?
When you get started in your house flipping journey, there are a lot of aspects of this business you’ll learn along the way. The ins and outs of the trade, the benefits, the disadvantages, and more. One of the things you’ll hear about is the 70% rule to earn a profit — but what is […]
Flipping vs. Renting: What Should I Do?
Many people are interested in switching to real estate, with the many financial benefits it brings. However, it can be difficult to decide whether you should go for flipping houses or rent properties. Which one is more beneficial for you? When it comes to flipping vs. renting, both seem appealing. This is why we will […]
Are You Familiar with the 4 Types of Hard Money Loans?
Did you just see a real estate opportunity that you don’t want to pass? Hard money loans are excellent for such situations when you want to get your hands on some cash. By borrowing from a hard-money lender, you have excellent opportunities like investing in fixing and flipping properties. Moreover, your hard-money lender is less […]
Try These 5 Effective Ways to Market a House After Flipping
You can make a lot of profit if you know how to start flipping houses. Starting the project might not be the hardest part, as you can always take a fix-and-flip loan to bring your vision to life. After you have successfully worked on the project, attracting buyers might take more work than you think. […]
Choosing a Property to Flip — 7 Tips That’ll Help
Flipping houses can be a successful venture if you know what you are looking for. For many, the experience helps them learn what to do and the mistakes to avoid when flipping houses. So if you’re planning to join this business, you’re at the right place. You can start flipping houses with no money by […]
Top 6 Tips to Flip a House with No Experience
Did you hear about flipping houses, and now you want to try it? It can be exciting to see the results of flipping. It can seem overwhelming if you’re looking to invest via fix and flip but have no prior experience. But not after you’re done reading this blog. We’ll tell you some handy ways […]
How Long Does A Pre-Approval Document Last?
Pre-qualification and preapproval are two of the most innovative options to go for when you decide to buy your dream home. Pre-qualification is the first step toward your destination; you are told the amount that is at your disposal to buy a home. At the same time, preapproval is more like a stamp, an affirmation […]
Conditionally Approved Loan – What’s The Meaning?
Getting mortgage approval is a big deal, but when the papers come back, they have the word conditional written. What is the meaning of “conditionally approved loan?” Well, it does affirm that your loan is passed; however, the guarantee is not 100%. Still, it is much stronger than pre-qualification. What is The Meaning behind a […]
What is Gift of Equity? Is it Worth It?
With the increasing prices every day, buying your dream house has become, well, just a dream. Many people find it hard to make ends meet, and even paying rent can be difficult. Some luckily inherit family homes or properties from relatives, but that’s not the case with everyone. However, buying your first home might become […]
What Does Refinancing a House Mean? What are the Pros & Cons?
So you bought your home with the help of a mortgage, moving in to spend quality time with your family. Looking back, you would not trade in those precious years for anything. But what if you have been dealing with financial constraints lately? Or maybe you want to renovate your kitchen, which has been looking […]