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?
Hard Money Blog: Invest, Revitalize, Create, Prosper
Of Magic Beans and Real Estate Investments
Growing up, I remember hearing the story of Jack and the beanstalk. The story begins with Jack, a poor farmer, investing his money in a bag of magic beans. No one believed him that the beans were magic, and it wasn’t until he climbed a beanstalk, fought a giant and chopped down the aforementioned beanstalk did his investment really pay off. Our experience in investment property financing has taught us that real estate investment is a lot like that. It will be adventurous, scary, frustrating, and so much more…but the return can be like getting a goose that lays financially golden eggs.
But before you go counting chickens before they hatch, here are five frustrating things about real estate investing that you need to consider for this financial journey:
3 Signs of Immaturity in Real Estate Investors
What separates newbies from weathered rehabbers? What are the key differences between investors who can consistently turn solid profits by flipping homes and someone who is chasing a dream, even if it’s a pipe dream? As a hard money lender, I have some telltale signs of a real estate investor who is still has some maturing to do.
What Real Estate Investors Can Learn From This Summer
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?
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?