Hard Money Blog: Invest, Revitalize, Create, Prosper

How to Negotiate with a Private Lender

October 7, 2022 by Kyle Sennott Leave a Comment

**To negotiate with private lenders on pricing, you need to convince them that your transaction is worth their 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.

Title Fundamentals: All You Need to Know About Titles and Title Companies

September 29, 2022 by Kyle Sennott Leave a Comment

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.

Roof Replacement for Real Estate Investors

September 28, 2022 by Kyle Sennott Leave a Comment

Roof relacement for real estate investors

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.

Homeowners Associations & Investors: Read This Before You Buy

August 24, 2022 by Kyle Sennott Leave a Comment

Homewners Associations and Real Estate Investors

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.

What is the difference between private lenders and hard money lenders?

August 11, 2022 by Kyle Sennott Leave a Comment

Difference Between Hard Money Lenders and Private Lenders

Albert Einstein once said: “If you cannot explain it simply, you don’t understand it fully.” This is what I typically think when we get a phone call where a caller wants to know if we are a private lender or a hard money lender. “What’s the difference?” I ask and typically get a rambling explanation that is difficult to follow. It has something to do with institutional money, asset-based lending, credit profile, and what-not and, needless to say, makes no sense whatsoever. So what is the difference between hard money lenders and private lenders? I would argue very little.

The Rest is History: Succeeding in Renovating Historic Properties

August 2, 2022 by Kyle Sennott Leave a Comment

Personally, I like modern home design. Still, no one can deny the charming nature of century-old, historic homes in Maryland, Virginia, and Washington, DC. Their character-building historical features help them fetch a nice price on the real estate market. However, real estate investors purchasing a DC-area vintage home should be careful in considering both stylistic options and financial aspects of the transaction.

Hard Money Blog: Invest, Revitalize, Create, Prosper

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