If you're a small business that has been impacted by the coronavirus crisis, you may have been dismayed to see that the first round of Economic Injury Disaster Loans have already been exhausted. If you're in need of short-term funding to help carry your business through the coronavirus shutdown, a small business cash advance may be an option. Learn more about applying for a business cash advance online, as well as some of the factors you'll want to consider when deciding whether this is the best solution for you.
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Non performing loans aren't the most common way to invest in real estate, but these loans can be an effective way to diversify a real estate portfolio. Here are several ways to capitalize on non performing loan investments.
Resell with the Loan in Place
In some cases, capitalizing on a non performing loan is as simple as buying and reselling the property.
You can often buy a property that's tied to a non performing loan at a discount because the loan on the property isn't currently being paid.
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If you are buying a house for the first time, you are likely excited at the prospect of owning your own home. Of course, finding a house or condo that works for your needs and is in a convenient location is probably going to be your primary concern. Your real estate agent will be able to find properties that match the criteria you are looking for in your first home. But, there are a few essential things that you need to do before financing your first home.
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The steps to buy a home include preparing for the process and your future purchase in addition to making a list of features and amenities you want your new home to have. However, before you focus only on the home you want to find and buy, be sure you have your financing arrangements in order so your closing process goes as smoothly as possible and you can sign for and collect the keys to your new home.
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When you need to expand operations, you'll need access to more commercial equipment. One way to acquire this is by purchasing more pieces of equipment. However, you may prefer to free capital up for other purposes. Fortunately, if you are an attractive borrower, you can obtain commercial equipment financing while also keeping your interest rates low.
Employment History
One of the factors determining whether you'll obtain a commercial equipment loan is your employment history.
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