Summer is the most active real estate season and the time when real estate prices peak. It can literally make or break the entire year. This summer was strong in the DC area. Prices remained stable and in some areas increased. What does it mean for real estate investors like you and I? Perhaps most importantly, how can we capitalize on those trends and make money by using hard money loans in Maryland?
Hard Money Blog: Invest, Revitalize, Create, Prosper
How Much To Borrow? Three Key Things That Affect Your Fix-and-Flip Loan Size.
Recently we had a client that approached us about doing a fix and flip loan for a property he was considering. We do these a lot so I was glad to help him and began asking him a few questions. When we got to the subject of how much financing he needed he said he wasn’t sure. He said he could guess the amount, but he wasn’t sure what to consider when estimating the rehab costs. Trust me, when it comes to a fix and flip loan, you don’t want to borrow too little or too much. Either way can get you into trouble. I can’t tell you everything that you will need to consider when you begin estimating the cost of a rehab, but I can give you some general places to look.
You’re Approved for a Hard Money Loan. Now What?
We’ve talked a lot about what it takes to get approved for a hard money loan and how our hard money programs work. So hurray! You’ve read our blog, completed our detailed application, and talked to our underwriters. You are now pre-approved for a hard money loan. What does pre-approved mean, and what are the next steps? Perhaps even more importantly, how can you leverage this pre-approval to make money in real estate?
Not Knowing This Could “Raise the Roof” on Your Property Rehab Costs.
When considering that perfect piece of property to invest in, it’s critically important to keep rehab costs low to maximize your profit. Even with the great hard money rehab loans we offer, we would still rather see you minimize your risk by knowing what to include is the cost of a rehab. Here are a few things to think about when it comes to one of the most expensive parts of a rehab, the roof.
Finding Real Estate Deals: Introduction
Lead generation is the backbone of real estate investing and of any other business in general. In our 10+ years of doing business as a hard money lender, we’ve had an opportunity to see many investors succeed using drastically different strategies. This is why today we are introducing a new blog series on finding deals in real estate. Each article will cover one potential strategy of uncovering investment opportunities and running with them. The goal is to give you actionable ideas on how you can take those strategies and adapt them to your own style of doing business.
How Hard Money Lenders Are Different From Traditional Lenders
Are you considering working with a hard money lender for the first time? If so, you probably have many questions about who hard money lenders are, how they work and how different they are from traditional lenders such as banks and credit unions. Hard money loans are not for everyone and not everyone will qualify for them. However, for many investors they offer a fast and nimble source of capital not available from other sources. In this article we discuss key difference between traditional lenders and hard money lenders and why, without hard money lenders, real estate investing would be limited to those with very deep pockets.