Hard Money Blog: Invest, Revitalize, Create, Prosper

DC Real Estate and Multiple Offers: How to Stay Rational and Avoid Risk

February 5, 2021 by Kyle Sennott Leave a Comment

Multiple Offers Washington Dc Real Estate — *Experienced real estate investors have the discipline to know that getting the right property at the right price is a process and is not a sudden stroke of luck.*

The real estate inventory is low in the DC area, and any real estate investment opportunity is bound to attract multiple investors’ attention. It’s not unusual for a distressed home to receive twenty or more offers. How do you keep your competitive nature in check and remain level-headed when faced with such intense competition? How do you resist that rush (or high) that real estate investors derive from being that winning offer? How do you make sure that the need for instant gratification does not cloud your judgment? The answer is in unbiased financial analysis, disciple, and perseverance.

Real Estate Investment Partnerships

January 29, 2021 by Kyle Sennott Leave a Comment

Private money lenders offer their borrowers incredible leverage. For you as a borrower, leverage means using the other party’s funds to pay for as many expenses of buying and rehabbing a home as possible. Still, all private lenders want their borrowers to invest at least some of their own money. That helps them manage their risk by ensuring that their borrower is financially vested in the transaction. For real estate investors, the most prevalent reason to create a real estate investment partnership is to pull together enough funds to satisfy their lender’s contribution requirement. However, many of them define their partnership in loose terms without realizing the pros and cons of each scenario.

Real Estate Investing Business Plan: What You Need, What You Don’t and How to Create One That Rocks

January 22, 2021 by Kyle Sennott Leave a Comment

Writing Real Estate Investing Business Plan — *To develop a real estate investing plan that means business, do away with things that might be time-consuming but add no practical value.*

For private money lenders like us, January is the busiest month of the year. Not in terms of closings but certainly in terms of inquiries about our financing. I swear, making money in real estate must be on many folks’ new year resolution lists. As with many other new year resolutions, they tend to pitter out as time goes on. Only the most determined remain in the game and ultimately make money in real estate. So how do you make sure you are not one of those folks who are full of grandiose plans in January only to be full of excuses by Fall? Human psychology suggests that we are creatures of habit and struggle with maintaining dramatic changes to our behavior. This is exactly why so many diets fail. They call for a complete overhaul of our behavior without addressing our natural propensity to maintain the status quo.

DMV Real Estate Investing 2021. What the Future Holds and How to Prosper.

January 7, 2021 by Kyle Sennott Leave a Comment

As I write this blog, a new year is dawning. Maryland has just vaccinated 1% of its citizens. I am not sure whether to be excited by this number or to be concerned with the Herculean task ahead. It’s truly like glimpsing a tiny flicker of light at the end of a very long tunnel.
So what should we expect from 2021? It’s certain that it will bring new challenges. And with challenges usually come opportunities. A Yiddish proverb says, “We plan. God Laughs.” Last year, we’ve made predictions about 2020 but, surprisingly, not all of them turned out to be wrong (see how accurate we were here). So let’s indulge ourselves. I bet that with some reliance on the past performance, the recent and historical data, and our collective local real estate market expertise we can make predictions that will withstand the test of time (save for an alien invasion, of course).

Hindsight’s 20/20. 2020 Prediction Review.

January 5, 2021 by Kyle Sennott Leave a Comment

2020 is over. What an incredible year it was. Despite its losses and hardship, I am grateful for many of its aspects. I am grateful because it reminded us that being human means being vulnerable. It showed us that no matter how invincible we feel, we share the same biology with a medieval bubonic plague victim and a Spanish flu survivor of 1918. It taught us that it’s possible to reach across the millennia to feel a kinship with those who lived, loved and died in the plagues of the past. Perhaps most importantly, it showed how dependent we are on each other, be it on our own family members or complete strangers. No man is an island. Our strength as a species is in cooperation with each other.

How to Start Investing in Real Estate

December 10, 2020 by Kyle Sennott Leave a Comment

Writing Note Showing Take Action Business Photo Showcasing Do Something Official Or Concerted To Achieve Aim With Problem Stationary Placed Next To A Cup Of Black Coffee Above The Wooden Table — If you are new to real estate investing, start with realistic goals and break them into smaller objectives

So you want to start investing in real estate? Let’s assume that you have some funds to invest in and have been pre-approved for a hard money loan by a reputable private money lender. Now you are ready to start looking for the right property to flip. Where do you begin? Here is some actionable advice that would help even new investors develop a killer strategy to grow rich in real estate.

Hard Money Blog: Invest, Revitalize, Create, Prosper

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