Are you considering working with a hard money lender for the first time? If so, you probably have many questions about who hard money lenders are, how they work and how different they are from traditional lenders such as banks and credit unions. Hard money loans are not for everyone and not everyone will qualify for them. However, for many investors they offer a fast and nimble source of capital not available from other sources. In this article we discuss key difference between traditional lenders and hard money lenders and why, without hard money lenders, real estate investing would be limited to those with very deep pockets.
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Rehabbing properties in the Greater Washington DC area can be very rewarding both financially and emotionally. However, you have to take an active part in the process. This means picking the right contractor and making sure they get the job done right and on time. As hard money lenders we’ve seen great investment opportunities turn into a financial disaster because of borrower’s inexperience in managing contractors. In this blog, we share five great tips on how find a right contractor and manage your rehab to maximize your profits.
Hard money lenders are different from traditional lenders such as banks and credit unions and look at very different criteria. Real estate investors need to know what these criteria are, so they can present themselves in the best potential light. This article explores five important aspects of hard money loan underwriting and gives practical advice on how to get pre-approved for a hard money loan before shopping for an investment property.
Hard money lenders like us come across many types of real estate investors. Some of them are doing it full time. They are heavy hitters that juggle multiple properties at the same time and need additional leverage. Others like the security of day-time jobs and flip houses on the side to supplement their income. Both can be very successful. However, regardless of the activity level, one thing is clear: those serious about running an efficient operation, building wealth and protecting themselves from risk are doing business as an LLC (Limited Liability Company).
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…
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.