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The secret to success! 3 Properties Pending

10/15/2019

The Secret to House Flipping
Be prepared and expect the unexpected!
Here's a little advise from a one time flipper with an interesting take away.

A few things you want to remember:

Research your market and buyers
Buffer expenses
Brace for the unexpected

To learn more about the secrets to success, talk to Jeff Hamilton at Private Lender of New England today! He has over 30 years of experience in the real estate and investment field. He has been involved in investing in and selling REO properties as a licensed realtor in the state of Rhode Island for over 25 years. He has also been involved in working directly with residential builders and developers.

Fill Out Our Application

Just had an open house on New London Avenue and it is now Pending!

Rehab Updates on Lakeview Street, Narragansett
On the Market Winter 2020
Cottage
2 Bedrooms, 1 Bath

Open Floor Plan Construction for Kitchen Area

Kitchen Before Rehab

Construction Begins on open floor plan

Floor refinished

New Construction Update on Pippin Orchard Road
Granite counter tops are in!

Kitchen granite counter tops update

Living room view from granite counter top island

44 New London Ave., West Warwick, RI 02893 Open House! Sat Oct 12, 2019 10:00 AM-11:45 AM

10/9/2019

Check out the transformation from Before and After on New London!

Exterior Front Before Rehab

Exterior Front After Rehab

Kitchen Before Rehab

Kitchen After Rehab

Bathroom Before Rehab

Bathroom After Rehab

$199,900
Colonial
3 Bedrooms, 2 Baths
Huge three bedroom Colonial with two full bathrooms. Additional room on the first floor could be used as a fourth bedroom or den/office. Brand new granite counter-tops with tile back splash, stainless steel appliances and new flooring. New carpets in the bedrooms and updated bathrooms. Jacuzzi tub and tile in the first floor bath. Huge farmers porch! Freshly painted throughout, updated plumbing, new vinyl windows, newer oil tank and oil line and roof is about seven years old. Expanded parking in the paved driveway and nice private backyard. So much to offer!
Listing Agent: Jamie Sanderson - WEICHERT REALTORS-Browning
email: jamieanderson238@yahoo.com
Phone: 860-774-4005

The borrower on this property is a local real estate investment entrepreneur who we have funded with multiple loans at the same time.

It's all about the location!

10/2/2019

PRIVATE LENDER OF NEW ENGLAND, LLC

18 Lakeview Drive, Narragansett, RI

Remember Pemberton in Jamestown? The borrowers for that property have now moved onto this rehab in Narragansett!

As you know, the most frequent phrase heard when talking real estate consists of just three words: location, location, location. This latest funded property in Narragansett is in a beautiful location and perfect distance from the ocean to be comfortable with mounting concerns about climate change and waterfront properties. "Up and down the eastern seaboard, many home prices near water’s edge aren’t doing as well as homes inland in the same county, a Journal examination found" as stated in WSJ. If you have concerns about a coastal property check out fema.gov.

This property is expected to be on the market by Winter 2020. The estimated value is
$320,000 - $325,000.

Click here to visit our Borrowers Page to fill out an application today!

It's more than just flipping a house. Be a champion of neighborhoods!

9/17/2019

Now Active
2 Plymouth Road, North Providence, RI 02904
$259,900
Ranch
3 Bedrooms, 2 Baths

BEFORE AND AFTER

This property closed July 18, 2019 and posted Active September 16, 2019. Just two months to the date! On average it can take anywhere from 2 to 3 months for cosmetic repairs and 3 to 12 months for full renovations. More on this topic next time.

Be a Champion! Start the Application Process

Following our last post mention on the topic of reality show house flips, check out this article on Zombie House Flipping!

FUNDING FOR FLIPS
PRIVATE LENDER OF NEW ENGLAND, LLC

Got Stuck? Try These Tips To Streamline Your Dream From REHAB PROPERTY TO ON THE MARKET IN JUST 3 MONTHS

9/11/2019

5 Important Questions:

What is the ARV?
What will the repairs cost?
What are the carrying costs?
What will the selling costs add up to?
How long will the project take?

It is most important that the house look good but it doesn't mean it has to look like an HGTV reality show house flip.

If you can answer the 5 most important questions and are looking for funding for your flip, fill out our New Borrower form and we'll be sure to get back to you!

Borrowers Page and Application

Funding made easy! Private Lender of New England

9/5/2019

Borrowers Application

NOW PENDING after only 2 days on the market!
741 Weeden Street, Pawtucket, RI
$229,900
Colonial
3 Bedrooms, 1 1/2 Baths

The work on this rehab was done in just 3 1/2 months!

7 Pemberton Avenue, Jamestown SOLD!

115 Eldridge Street, Cranston SOLD!

In just 48 hours you could have your dream flip funded!

5 Steps To Proceed With Your Property

1. Verbal Consultation: A representative will talk to you about the process and the property you have in mind.
2. Application: Include rehab budget, purchase and sales agreement, projected after rehab value (ARV).
3. Appraisal: Our representative will review the property or site.
4. Commitment letter: We issue the borrower a written term sheet that includes rehab budget, if agreed to in writing, we can usually close once the borrower can obtain title insurance.
5. Closing: Obtain title policy. We compete with cash buyers so we must close in the same time period. And guess what? We do!

Just scroll down to the bottom of the borrowers page after clicking the button below.

8 Easy Ways You Can Turn Your Flip Into Active Success!

8/28/2019

Step 1: Research a range of real estate markets. ...
Step 2: Set a budget and business plan.
Step 3: Line up your financing BEFORE you need it! Contact PRIVATE LENDER Of New England TODAY!
Step 4: Start networking with contractors... check out our People We Like
Step 5: Find a house to flip. ...
Step 6: Buy the house. ...
Step 7: Start rehab. ...
Step 8: List the house for sale!

Here's our Latest Funded Flips That Are Now Active!

Both Harris Avenue and Haverhill Avenue averaged 3 months to finish the job!

Long live fix and flips!

8/21/2019

Continued Growth in Southeastern Massachusetts

Exterior Before Rehab Somerset, MA

Back View Before Rehab Somerset MA

Kitchen Before Rehab
Somerset, MA

Living Room Before Rehab Somerset, MA

Exterior Before Rehab
Milford, MA

Exterior Before Rehab Milford MA

Dining Room Before Rehab Milford, MA

Bathroom Before Rehab Milford, MA

This week highlights new rehabs in Somerset and Milford, Massachusetts. Estimated values from $245,000 in Somerset to $370,000 in Milford, Massachusetts. The median home value in Somerset is $275,000. Somerset home values have gone up 2.5% over the past year and Zillow predicts they will rise 1.5% within the next year. The median home value in Milford is $351,200. Milford home values have gone up 4.0% over the past year and Zillow predicts they will rise 2.1% within the next year.

Get started today on your dream flip! Just contact our company and we will move rapidly.

PRIVATE LENDER OF NEW ENLAND, LLC

PLNE Funding For Flips News Updates this Week

7/31/2019

Good News: Grand Street Pending After 5 Days!

New Rehab on 44 New London Avenue in West Warwick
Estimated Value $205,000-$215,000

New Rehab on 63 Congress Avenue, Providence
Estimated Value $200,000-$210,000

Two Apartments Also Added to our Real Estate Page!

Summer is moving along quickly with lots of fixing and flipping to keep us busy!

Here's some reading for your weekend summer relaxation offering real estate investment advice on mistakes to avoid:
https://money.usnews.com/investing/real-estate-investments/slideshows/real-estate-investing-mistakes-to-avoid?src=usn_tw

Private Lender of New England, LLC

House with a Red Barn!

7/24/2019

1188 Providence Pike, North Smithfield, RI

$325,000
Ranch
3 beds, 2 baths

Listing agent: Bea Whitman - Keller Williams Realty - Rimac Group
email: realtorbea@cox.net
phone: (401) 316.8493

Why Are Barns Painted Red?
Providence Pike is a beautifully renovated home with all new roof, landscape, windows, furnace, hardwood floors, lighting, gourmet kitchen, baths, walls, the list goes on and on. It also has a huge barn with loft for the car enthusiast, crafts artist, woodworker or "let your imagination run wild". Directly across from Audubon Wildlife Preserve.

So, if you've ever wondered about why barns are painted red the realtor, Bea Whitman knows why and can tell you much more about real estate when you meet her. The borrower is still doing some final touch ups on the barn and we will keep you posted with more pics. For now here is the lowdown on red barns from the farmers almanac.

Funding for Flip by

Private Lender of New England, LLC