Hopefully, 2016 was a great year for you as you planned for the future and continued to explore investment opportunities. Whether or not you made the decision to invest last year or not, it is a new year with new opportunities. So let’s we take a moment to talk about your plans for 2017. Even if you don’t have any current plans on investing, it doesn’t hurt to spend some time considering your options. As a local private mortgage lender, we want to help you with your DC real estate investment needs.
Hard Money Blog: Invest, Revitalize, Create, Prosper
How About New Year’s Revolution?
Many of my friends could not wait to fill me in on their New Year’s Resolutions. As I listened, I kept thinking to myself, “Aren’t these the same resolutions as last year that did not get completed?” I don’t say that out loud, but I think it, and I will bet, so do you. What people really need when it comes to investment strategies like fix and flip loans is a New Year’s Revolution rather than a resolution.
Why You Need a Local Hard Money Lender
Recently we’ve been getting many phone calls from rehabbers looking for an alternative to their current hard money lender. Curiously, the reason for wanting to switch is almost always the same. These borrowers are tired of dealing with an out-of-state company and want to work with someone local.
Finding Real Estate Deals: HUD Homes
This article is continuation of our series on finding profitable real estate deals. We’ve already discussed the REO route and its pros and cons. However, there is one type of REO that is quite different from the rest. In my experience as a private mortgage lender, this route offers unique opportunities for real estate investors. I am talking about HUD properties. Such opportunities don’t come often, but some of the most profitable rehabs we’ve seen came via HUD properties.
How to Build a Great Investment Team: Part 6
Real Estate agent is an essential part of your investment team. Perhaps the most important piece of advice I can give you as a private mortgage lender is to find an agent who specializes in working with investors. The truth is that representing an individual who wants to purchase a home to live in and representing a real estate investor is VERY different. It requires different types of skills that not every Realtor might have.
Dealing with Risk in Real Estate Investing
One of the questions we get a lot, especially from new real estate investors is, “How do I deal with risk?” I wish investing was a sure thing, but there really is no such thing as a “sure thing.” There is always the possibility of losing money just like there is always a possibility of making money. It’s all about dealing with risk. But you can help minimize that risk by using experienced hard money lenders. Here are some other tips for handling risk in your investments.