When you are looking for properties for your investment portfolio and researching private lenders, it’s important to know what information will be needed.
Nova Money Lenders require a full property appraisal.
An appraisal is an evaluation tool used by lenders to determine and verify the property’s worth for prospective financing. We order the appraisal, and we use a third-party appraisal company that we know and trust.
Knowing your upfront cost is an important part of successful real estate investing.
The average single-family home appraisal cost is about $450 and can go upwards of $700 for a four-family home.
This fee is paid upfront and is a necessary part of being able to process your loan efficiently.
It is important to know the cost upfront – especially if you’re planning on doing a blanket loan, which may include anywhere 2 to 5 properties at once.
Knowing your upfront cost is an important part of successful real estate investing.
The visionary and dynamic leader of Nova Money Lenders, LLC, an emerging private money lending institution. With a passion for innovation and a deep understanding of the lending landscape, Elizabeth is dedicated to driving the success of the company.
Drawing from her extensive experience and solid educational background, including a BSC in Mathematics and Physics from the University of Guelph, Canada, and a Certificate of Marketing from McGill University in Montreal, Canada, Elizabeth has developed a comprehensive knowledge of market trends, risk assessment, and strategic financial planning.
Throughout her career, Elizabeth has focused on both the investing and lending sides of the real estate sector, accumulating over 35 years of experience. She has honed her skills in various specialties, including real estate wholesale, fix and flip, rental properties (single family and apartment buildings), mortgage notes (1st and 2nd) (performing and non-performing), creative financing, foreclosures, short sales, and more.
Outside of her professional pursuits, Elizabeth indulges her love for fine jewelry, even becoming a bench jeweler, a budding gemologist, and a diamond appraiser.