Hard Money Blog: Invest, Revitalize, Create, Prosper

Rental Property Maintenance: Building Relationships & ROI

July 12, 2021 by Kyle Sennott Leave a Comment

A happy tenant is a sure sign there’s a happy landlord somewhere in the wings. Keeping happy, long-term tenants takes effort. However, the payoff is worth it. Purchasing a rental property is a serious investment – but it’s an investment that can provide an excellent return. Essentially, renters help landlords pay off the mortgage, leaving the landlords with equity. Rental property maintenance is one way to keep renters where they’re at. In the competitive rental market in the Greater Washington, DC area, attracting and retaining renters is an ongoing challenge.

Joint Venture: Is a Team Approach Right for You?

June 29, 2021 by Kyle Sennott Leave a Comment

Joint Ventures (JV) in Real Estate: Keys to Success

Maybe you shared a seat on the school bus or a room in your college dorm. Maybe you’ve been friends forever or just met last month in the Greater Washington, DC area. Whatever brought you together, you formed a bond with this individual and the company they work for, too. You make a good team, and you’re ready to take a team approach to real estate investing. Together, you are ready to share the risk and reward of a joint venture (JV).

Finishing a Basement to Increase Your Rehab’s Value

May 25, 2021 by Kyle Sennott Leave a Comment

Finishing a basement presents a unique opportunity to increase the after-repair value of your rehab. On the other hand, it might plague you with problems and be a bottomless drain of time and resources. If you are a real estate investor looking for the most efficient ways to improve the ROI of your rehab, decisions about the basement should be on top of your mind. Let’s dig deeper (no pun intended) to explore how to handle basement renovation decisions to make your money and minimize your risk.

Getting into house flipping with bad credit and no money – options and exceptions

May 13, 2021 by Kyle Sennott Leave a Comment

Man Showing Empty Pockets On Light Background Closeup Space For Text

One of the consistently trending online searches is how to get into real estate investing with no money and poor credit. A great number of sites and videos are dedicated to this topic. What they peddle most is an encouragement and “can-do attitude” that has little to do with reality. It makes me wonder if those so-called experts have even a slight understanding of how the real estate investing or lending industries work. So if you want to be told that having poor credit and no dime to your name makes you a great candidate for real estate investing, stop reading right now. Find an alternative source of information that would cuddle you into wasting your time and energy with false promises. My goal is different and this article is for those who both can handle the truth and are prepared to work on the long-term plan.

The 70% House Flipping Rule and Its Alternatives

April 9, 2021 by Kyle Sennott Leave a Comment

The 70% rule in real estate - does it still work?

If you are a fan of TV home flipping shows, you might be under impression that fixing-and-flipping homes is a glamourous job with guaranteed profits at the end. You stroll in, ponder the design, and voila! In a short time, the old shack is transferred into a fashionable abode making loads of money for you and thrilling potential buyers.

Things are much more complicated in the real world. A flair for design is a plus, but the first thing you need to be is a humble accountant. No amount of creativity will save your project if it’s missing fundamentals to make you money. The real estate investing industry is afloat in tools, formulas, and calculators to make it easy to evaluate the transactions. Let’s take a quick look at their ins and outs.

Direct hard money lenders vs traditional banks – top pros and cons analyzed.

March 22, 2021 by Kyle Sennott Leave a Comment

Real Estate investor Thinking About The Pros And Cons Of using hard money

For those new to hard money lending, using private funds for the first time might be intimidating. Direct hard money lenders work differently from traditional banks. However, few new borrowers understand these differences. Like everything else in life, hard money lending has its pros and cons. Hard money loans are not for everyone and not everyone would qualify for them. However, working with a direct hard money lender vs. a traditional bank could offer flexibility and leverage not available anywhere else. Think about hard money lenders as a narrow subset of mortgage companies that provide a unique type of financing to borrowers in very specific circumstances.

Hard Money Blog: Invest, Revitalize, Create, Prosper

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