As a hard money lender in DC area, I believe that there are two key areas that every investor should continuously work at. The first one is how to make money. It includes how to find good deals, how to manage your rehab process and how to build a good team that will propel you forward. The majority of your time as a real estate investor should be spent on tweaking, improving and learning from your success and mistakes in this area.
On every team you have what can be considered the “support players.” We’d like to consider ourselves support players for our hard money loan customers. Support players are the people who work hard, but don’t always get recognized as star players. This is not to say that these people are not important. In fact without these people the whole process would break down, but you don’t hear them mentioned as much as the lawyer, lender or real estate agent. These are still key members of your team, so you need to choose them wisely and recognize their worth.