Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
When the signs point to a new roof for your investment property, you need to choose the appropriate roofing material for the renovation. Instead of simply going with the roofing material currently on the house or rental, it makes sense to evaluate the options.
When selecting a roofing material, consider the following five factors:
The house-flipping TV shows make it look so easy! Buy a house, do some renovations, put the house back on the market, and walk away with a juicy profit. The well-dressed, good-looking TV hosts make the fix-and-flip process look so quick, simple, and elegant. Although flipping homes in Maryland, Virginia, and Washington DC can be profitable, success requires developing and sticking to efficient home-flipping timelines. Let’s take a look at how long it takes to flip a house and how you can develop a fix-and-flip plan that maximizes your profits and minimizes your risk.
Flipping homes can be a profitable side gig or a fulfilling career. Whether you are investing in real estate full-time or part-time, growing your profits depends on maximizing the value of each vendor you are working with. On the one hand, it’s paramount to control your costs. On the other hand, you need to ensure that your vendors are motivated to be reliable, fast, agile, and creative. Successful home flipping is a long-term process that involves several vendors. The most important are your real estate agent, contractor, and private lender. Today, let’s explore how to negotiate with your private lender to ensure you get the best deal.
When buying an investment property in the DC Metro area, investors look for quick and easy ways to maximize the return on their investment. With the mindset, “I love it when a deal comes together,” real estate investors in Maryland, Washington DC, and Virginia try to avoid hurdles and challenges that result in a loss of time and revenue. One factor that can make or break a deal is a property’s title. Real estate investors want a clean title without any encumbrances that can delay or outright cancel a real estate transaction.
One of the first things that you need to decide when evaluating an investment opportunity is whether you need to replace the roof or not. If you do, it could become one of the most expensive line items in your scope of work. At the same time, it could help you sell your flip faster and for more money. For those planning to keep the property as a part of their real estate investment portfolio, a new roof could help keep your rental in good shape (both internally and externally) for years to come.
If you are investing in the Greater Washington DC area, chances are sooner or later, you will buy a fixer-upper in the planned community. Such homes come with the strings attached; they are members of a Homeowners Association, and you may be obligated to join in. Let’s talk about HOAs and what membership there means for you both as a flipper and a landlord.
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New Funding Resources, LLC
806 West Diamond Ave.
Suite 340
Gaithersburg, Maryland 20878
Phone: 240-436-2340
All loans subject to our review of underwriting criteria and conditions. We reserve the right to approve or deny any loan application based on our sole discretion.
New Funding Resources 