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Westpark Loans
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#tbt to our article "6 Skills That Define Every Real Estate Investor".

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.

Here's a snippet:
"Handyman Skills

Whether you’re fixing and flipping properties or getting ready for tenants, handyman skills go a long way in saving you money and preparing a property for its next purpose. From little things, like resurfacing cabinets, to bigger jobs, like repairing plumbing problems, the more you know how to do, the better.

Every property you buy will require a little work, even newer builds in good condition. A fresh coat of paint, some new carpet, or even a new kitchen counter can go a long way in increasing the ROI on your fix and flips or demanding more rent from tenants. If you can do this yourself, you’ll save yourself hundreds or even thousands of dollars in work, increasing your margins even further."

Full article: https://westparkloans.com/real-estate-investing/2018/09/11/6-skills-that-define-every-real-estate-investor/

If you'd like to apply for a loan or learn more about any of our products, contact one of our loan officers about how we can help you. Please call us at 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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Did you read our last article on how to be an effective landlord? Managing your investment properties properly is a great way to earn higher ROI.

Here's a snippet:
"Set Hours for Contact

As a landlord, it’s your responsibility to be available for your tenants, whether to report maintenance issues or to discuss concerns with the property, the neighborhood, or anything else that may arise. However, finding an opportunity to do this can be frustrating for tenants, particularly if you do not live onsite or do not partner with a management company.

Instead of letting your residents’ irritation fester – something that could affect turnover of units – make yourself available. Provide carefully set hours when you will be available to take calls.

Be aware that you need to be consistently on call for emergencies. Things like burst pipes can come up at all hours of the night, so you’ll need to be within reach around the clock for issues that can’t wait. If you cannot personally attend to emergencies, be sure you have a third-party resource who can."

Read the rest of the article here: https://westparkloans.com/property-management/2019/02/05/8-tips-to-being-an-effective-landlord/

If you have any questions, please let us know. Talk to one of our professional Loan Officers about applying for a loan. Please call us at 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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Team Member Spotlight: Wayne Kim [https://westparkloans.com/our-team/wayne-kim/]

Broker Associate

With two decades of mortgage banking and lending experience, I believe that every client deserves the utmost attention to detail and professionalism at all times. Integrity, honesty and hard work are traits that I possess and ones that Westpark Loans was founded upon. I thrive and find passion in serving my clients and helping them navigate the lending process with success and a warm personal touch.

Contact Wayne via email at wayne@westparkloans.com or via phone at 844-574-LOAN (5626).
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Have you visited our Success Story and Customer Review pages? Learn about our happy customers and recent closing.

We strive to offer the highest level of customer satisfaction in the industry. We are available to you, Monday through Sunday, 8am to 8pm and work hard to close your loans at the lowest possible rate.

Alison wanted to work with professionals:
“I cannot recommend George highly enough. He was unfailingly polite and professional even when I was impatient and frustrated. I cannot thank him enough. If you have a pretty standard loan, please take it to George to make up for all the difficult loans (like mine) that he does with the same professionalism.

I can only echo Shauna here. I, too, used to be in the biz and was shocked when I went to refinance and could not find anyone who knew anything in detail. Most loan officers these days are no-nothings filling out worksheets that you could do yourself online. It takes contacts and a deep knowledge of complicated products that sets George out from the rest. He’s been around awhile, knows the industry in and out, and doesn’t give up.

No one, including me, thought I could refinance at a decent rate. George made it happen.”

More reviews here: https://westparkloans.com/reviews/

Read about one of our most recent Success Story, a $300,000 Hard Money Loan in Laguna Niguel! https://westparkloans.com/success-stories/

If you'd like to apply for a loan or have any questions about our online application, contact one of our loan officers by calling 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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Did you have a chance to read our latest blog post on how to be a more effective landlord?

Being a landlord is hard! Let us help you with our 8 tips. Do you have experience being a landlord? Let us know your tips!

Here's a snippet:
"Be Selective

When you’re seeking tenants, particularly at the start of your tenure as a landlord, it’s compelling to take the first people who apply for residence, but this can be a dangerous strategy. Even friendly, enthusiastic applicants aren’t necessarily a good fit for your property, and plenty of potential renters will have skeletons in the closet that could impact the timeliness of rent payments and the level of care given to your property."

Read the entire article here: https://westparkloans.com/property-management/2019/02/05/8-tips-to-being-an-effective-landlord/

If you'd like to apply for a loan or learn more about any of our products, contact one of our loan officers about how we can help you. Please call us at 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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Acting as a landlord seems easy in theory, but the reality is often much different. Success in operating a rental property takes careful effort, deep knowledge, and commitment to providing a positive experience for tenants. Despite the perception of real estate as a passive income activity, managing property often crosses over the line into an active job.

Here's a snippet:
"Set Hours for Contact

As a landlord, it’s your responsibility to be available for your tenants, whether to report maintenance issues or to discuss concerns with the property, the neighborhood, or anything else that may arise. However, finding an opportunity to do this can be frustrating for tenants, particularly if you do not live onsite or do not partner with a management company.

Instead of letting your residents’ irritation fester – something that could affect turnover of units – make yourself available. Provide carefully set hours when you will be available to take calls.

Be aware that you need to be consistently on call for emergencies. Things like burst pipes can come up at all hours of the night, so you’ll need to be within reach around the clock for issues that can’t wait. If you cannot personally attend to emergencies, be sure you have a third-party resource who can."

Read the rest of the article here: https://westparkloans.com/property-management/2019/02/05/8-tips-to-being-an-effective-landlord/

If you'd like to apply for a loan or learn more about any of our products, contact one of our loan officers about how we can help you. Please call us at 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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We are happiest when we see our clients close their loans! Our Success Stories drive us to close loans faster, with quality customer service being our main focus.

View our most recent success stories like the one from Ladera Ranch with a $160,000 cash out refinance. We closed the loan in about a week!

Read more of our Success Stories here: https://westparkloans.com/success-stories/

If you'd like to apply for a loan or learn more about any of our products, contact one of our loan officers about how we can help you. Please call us at 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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Apply for a Cash Out Refinance Loan
Now and Close in February!

Who Would Benefit from a Cash Out Refinance Loan?

*A real estate investor who needs quick access to cash to pay for a new investment property.

*A real estate investor who already has 8 properties financed by Fannie/Freddie and wants to finance additional properties with Fannie/Freddie.

*A small business owner who needs to take cash out of a property for business purposes.

Program Highlights

*No minimum credit score
*Loan amounts ranging from $200,000 to $20 million
*Loan-to-value (LTV) ratios up to 70%
*Loan terms from 3 to 7 years
*We originate 1st, 2nd & 3rd trust deeds
*Loan closings within 3 to 7 business days

Learn more and apply here: https://westparkloans.com/products/cash-out-refinance-loans/

If you'd like to apply for a loan or have any questions about our online application, contact one of our loan officers by calling 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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Happy customers are the key to our business success. We pride ourselves on having customer service that meets or beats our customers' expectations. Read more about our company and what drives us to success:

Learn more about Westpark Loans and meet our Dedicated Team:
https://westparkloans.com/about-us/

Apply for a Loan and read about our process from the initial application to funding: https://westparkloans.com/apply/

See a listing of our most recent Success Stories: https://westparkloans.com/success-stories/

Read our Customer Reviews: https://westparkloans.com/reviews/

If you'd like to apply for a loan or learn more about any of our products, contact one of our loan officers about how we can help you. Please call us at 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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Did you have a chance to read our latest article? In it, we give you tips on how to use retirement funds to invest in real estate.

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 to know.

Here's a snippet:
"Advantages of Utilizing Retirement Funds

Many investors have more money invested in retirement funds than in a standard brokerage account. However, these kinds of accounts are generally considered to be inaccessible until age 59 and a half – but a clever investor knows that retirement accounts can be quite useful. These advantages should be carefully weighed when evaluating financing options for an investment property."

Please consult a tax professional to determine whether using retirement funds is beneficial to your specific situation.

Read the rest of the article here: https://westparkloans.com/real-estate-investing/2019/01/17/retirement-savings-to-purchase-an-investment-property/

If you'd prefer to chat with one of our loan officers, please call us at 844-574-LOAN (5626), Monday through Sunday, 8am to 8pm or contact us online: https://westparkloans.com/contact-us/
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