In every war in history there have been spies who provided information that allowed one side or the other to win the war. Where can you find spies who can help you win the real estate war and conquer major profits? Hard money lenders like us run across a number of great ideas on a daily basis. Here are a few of them…
Hard Money Lender – Hard Money Loans – Blog
Gentrification might be a controversial and politically wrought term, but for real estate investors it spells an opportunity of a life time. Gentrification remains rare nationally, but we apparently live in its epicenter. In 2015 there was only one city in the whole US that was gentrifying faster than Washington, DC: Portland, OR. As one of the top hard money lenders serving Washington DC, we’ve seen our clients earn significant profits turning dilapidated properties into swanky homes for the upwardly mobile. Are you considering DC as your next investment project? Here are some data, resources and advice to get you started.
Finding a motivated seller is simply a matter of knowing where to look and keeping your eyes open. As a hard money lender with over ten years in business we’ve heard all kinds of reasons why sellers need to sell their home fast. Knowing the reason why a seller wants to sell can be a powerful bargaining chip when negotiating the deal. Read on how to spot and help those sellers and make money in process.
So you want to be a rehabber and make money by flipping homes? Before you start shopping for an investment property and rehab loans in DC, MD and VA, let’s talk about what it takes to be a real estate flipper. At New Funding Resources we believe that you will need at least five things to succeed in this arena: motivation, time, a good support system, money and experience.
Private mortgage lenders – any lender for that matter – want to make sure that borrowers not only repay their loans, but also pay them on time, so lenders can deploy their money elsewhere. The best way to ensure repayment is to lend to responsible and competent borrowers who are vested in the transaction. When it comes to private mortgage lenders, to be “responsible” and “competent” means not only being able to put a great investment property under contract, but also to realize your rehab vision on time and within budget. In other words, we want to work with borrowers who are well positioned to make a profit.
You’ve done your homework and found a property that you think may be a good deal. It’s time to ask the seller a few questions and get a full picture of what’s going on. This information will help you make decisions as to how much the property is worth now and how much you can get for it once you complete your rehab. It will also help you understand how much you need to borrow and if hard money loans are the financing tool you need.