Hard Money Blog: Invest, Revitalize, Create, Prosper

DMV Real Estate Market. Presidential Election. 2020: What the Future Holds.

January 20, 2020 by Kyle Sennott Leave a Comment

As I write this blog, a new year has started. January is the time to reflect on the past and what we accomplished during the last twelve months. It’s also the time to start planning for the future. 2020 is bound to be an eventful year. A lot of things are up in the air. Congress is impeaching the President. We’re in trade wars with China and others. The Presidential election is upon us and, whatever side you’re on, you must agree that it’s not going to be a smooth and orderly process. We can’t predict the future, but based on my recent conversations with our clients, many are looking at 2020 with an increased sense of trepidation. They are worried about the impact of the upcoming Presidential Elections on the economy and the real estate market in particular.

Make 2020 Your Buy-and-Hold Year

January 9, 2020 by Kyle Sennott Leave a Comment

In 2018 and 2019, we saw an increased number of transactions where our hard money loans were used to rehab and keep a home as a rental – as opposed to selling it right after the renovation is completed. Yes, we are talking about good ol’ buy-and-hold versus fix-and-flip. In 2020, I expect this trend to continue. If you’ve been previously focusing solely on flipping properties, now it’s time to consider the benefit of long-term investing.

How to Select the Right Property to Expand

January 2, 2020 by Kyle Sennott Leave a Comment

In our previous blog, we’ve discussed the need for the new out-of-the-box thinking when it comes to rehabbing properties for profit in 2020. Specifically, we talked about how to add significant value and increase the price of the property by expanding its size. However, not every property profitably lends itself to such expansion. Also, not all real estate investors can carry out such renovation successfully. Here are several factors to consider when selecting the right property to expand and a few questions to ask yourself when deciding whether you’re ready to tackle such a project.

How to Rehab Homes for Profit in 2020

December 31, 2019 by Kyle Sennott Leave a Comment

To continue making money rehabbing homes, you must start thinking outside the box

If you’re ready to rehab homes for profit in 2020, there is definitely good news. 2019 was an active and profitable year for our borrowers. As we sail into the new year, the fundamentals for another successful year in real estate remain unchanged. As we discussed in our previous blog, we’re fortunate to be living and investing in one of the most stable real estate markets in the nation.

Working with Your Private Lender After Closing

December 23, 2019 by Kyle Sennott Leave a Comment

Working with private lender after loan closing — ***Clear communication between a borrower and a private lender is essential for a smooth servicing of your loan and uninterrupted flow of your renovation funds***

In our previous blog, we’ve learned about the intricacies of private money loan serving and why private lenders consider it a good practice to establish a construction escrow account. Clear communication between a borrower and a private lender is essential for a smooth servicing of your loan and uninterrupted flow of your renovation funds. Here are three important things that you can do to ensure the success of your private loan after closing.

Hard Money Loan Process

December 23, 2019 by Kyle Sennott Leave a Comment

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<figure class="alignleft is-resized"><img loading= — ***For those who’ve never worked with a private lender before, here is a step-by-step description of our hard money loan process.***

If you are new to private lending, you might have many questions about hard money loan process. How do you get a pre-approval? What’s a POF? Are you guaranteed to get a loan if you’re pre-approved? Can you get pre-approved if you don’t have a property in mind? Once you go through a hard money loan process, you would understand how easy it is. However, for those who’ve never worked with a private lender before, here is a step-by-step description of our hard money loan process.

Hard Money Blog: Invest, Revitalize, Create, Prosper

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