New Funding Resources 
Being experts in hard money loans, we are sometimes asked if it’s a good idea to have a lawyer as part of your real estate investment team. Here is the answer. A friend once told me that the interesting thing about being an attorney was that no one wants you until they need you and no one wants to need you. As humorous as that sounds, the truth is that if you are going to do any type of investment business, you are going to need an attorney as a key member of your team. Everything you do needs to be above board, and attorneys are part of the process to make sure that happens.
Hard Money Blog: Invest, Revitalize, Create, Prosper
How to Build a Great Investment Team: Part 1
As the saying goes, no man is an island. This is very true when it comes to your real estate investments. To help you achieve maximum return on investment when it comes to buying investment property, you are going to need a TEAM of professionals. You can’t do it all alone. Our next few blogs will talk specifically about some of the people you need to consider when forming a real estate investment team.
Finding Real Estate Deals: Foreclosure Auctions
To be a successful investor, you have to comfortably wear different hats. You’ve got to know how to hire and manage people, and you need to know construction basics. You need to understand the local real estate market. You need to have excellent time and money management skills. Perhaps most importantly, you need to be able to find profitable real estate deals. As a private mortgage lender, we see our borrowers successfully employing many different strategies to do that. This article is Part 1 of our series on finding real deals. Before you begin, go ahead and check out the series Introduction published previously.
The Four Pillars of Rehab Project Costs
When buying an investment property using a hard money loan, you can’t simply think about the worth of the home. You have to consider other factors that can drive up the total project cost and make or break your investment. Here are the four pillars of the cost of a rehab project.
Investor or Agent: Should You Be Both?
We got a question from one of our hard money loan clients the other day about whether or not he should hire a real estate agent, or if he should just get a license himself. That’s a great question given the availability of online courses on real estate these days. None of these will take the place of good old fashion research by the way. But the ease of which you can obtain a real estate license has made it a viable option for investors. If you are a real estate investor pondering the same question, let’s take an unbiased look at the pros and cons.
Do You Have the Mindset For Rehabbing?
Many of our private rehab loan customers ask us to wish them good luck on their rehab investment, but real estate investment isn’t about luck. It’s about well thought out decisions based on good research. It’s about markets and timing. However, all of that aside, it’s mostly about YOU. As a football coach would tell their team during half time, “You gotta get your head in the game!” To make successful decisions, you have to have the right mindset. What is the right mindset you ask?
