For home buyers and real estate investors, bidding wars can be stressful and tiring, especially when you lose out again and again. According to Redfin, bidding wars on homes have declined 5 months in a row. The rate of bidding wars in September 2021 was 58.9% of offers written. The peak of bidding wars was...
Lumber prices are at an all-time high. Because of this, there is a surge in home prices across the United States. On average, home prices have increased by about $24,000. Lumber prices won’t be lowering anytime soon. PotlatchDeltic Corp. said lumber prices are climbing in the fourth quarter of 2021 and the housing outlook is...
Trust deed investing is investing in notes that are secured by real estate. Often investors and real estate professionals use a broker like Murk Investments to find capital to fund the purchase of a property. The funds used to purchase the property are provided by other passive investors. This kind of investing is an attractive...
What is an ADU? An ADU is an accessory dwelling unit and it’s an alternative living space that is commonly referred to as a “mother-in-law” apartment. An ADU is a separate living space located on the same property as a single-family home. Some ACUs are attached and others are not. The purpose of an ADU is to provide...
A fix and flip loan is one type of product offered by Murk Investments. With this type of loan, you can get the funds to secure and rehab your property and have it back on the market for sale in as little as a few months. This type of loan is good to be used...
A bridge loan is a type of short term financing, commonly used by borrowers, financed by hard money or private lenders. This type of financing solution that gives borrowers the opportunity to quickly secure their investment, make improvements, renovate, or add value. Once this process is completed, generally under 12 months, the borrower can sell...
Many hard money lenders are private lenders who offer an alternative way to finance for borrowers who are not qualifying through banks and other lenders. Hard money lenders focus mostly on the equity a borrower has in a property as opposed to focusing on the borrower’s financial situation. The hard money lender looks at equity...
When applying for a hard money loan, hard money lenders strongly consider the loan to value (LTV) ratio. The LTV ratio is calculated by dividing the loan amount by the total value of the real estate securing the hard money loan. The LTV ratio is a measurement of risk for the hard money lender to...
Do you currently have a hard money loan? Are you considering extending it? Typically, a hard money loan is a short-term loan, less than 12 months. If you currently have a hard money loan that is maturing and your project is not completed, you may be thinking about extending it. The extension process for a...
It doesn’t have to be difficult to get your hard money loan approved by a hard money lender. In fact, it should be easier than going through a traditional bank. At Murk Investments, we wanted to share with you some things you can do to get your hard money loan approved timely. Hard money lenders...
