Hard Money Blog: Invest, Revitalize, Create, Prosper

HVAC for Home Rehab: What to Know Before You Buy

May 20, 2022 by Kyle Sennott Leave a Comment

Heating and cooling make a home comfortable and livable. Everyone loves a warm, cozy home in the winter and a cool, energizing home in the summer. Thus, heating, ventilation, and air conditioning (HVAC) is one of the most important systems in a home.

Know HVAC for Fix and Flip Investments

When evaluating a home’s value as a fix and flip investment in Maryland, Virginia, and Washington DC, be sure to determine the status of the HVAC system. Before making an offer on a DC Metro investment property, you need to understand the age, condition, and reliability of the HVAC. Bottom line, you will most likely need a home inspection by an accredited home inspector unless you have HVAC experience yourself.

The Role of Reserves in Private Lending

May 16, 2022 by Kyle Sennott Leave a Comment

Reserves are money left at the borrower’s disposal after they’ve made the required contribution towards the transaction.

Another requirement of any lender with sound underwriting standards is adequate reserves. Reserves are money left in the borrower’s disposal after they’ve made the required contribution towards the transaction. We often run into potential borrowers who are ready to go “all in” and invest their last dime in their fix-and-flip transaction. They effectively become a ticking time bomb ready to default on their obligations to their lender, their state, or their other creditors. Even worse, they are putting themselves in an unfortunate position where, instead of making money, they can lose it.

Why Install Security System for Rental & Rehab Property

May 4, 2022 by Kyle Sennott Leave a Comment

Whether you own a single investment property, multiple rental units, or a fixer-upper in the DC area, protecting the property from harm is a sure-fire way to protect your investment. A security system protects a property not only from criminal activity, like burglary and vandalism. Additionally, security systems can detect other threats, like fire, water damage, and carbon monoxide poisoning.

5 Affordable Landscaping Projects for Landlords & Rehabbers

May 3, 2022 by Kyle Sennott Leave a Comment

Affordable landscaping for rehabbers and landlords

Landlords and house-flippers in Metro DC know that a beautiful yard is good for business. An attractive, well-kept yard is inviting to both tenants and house buyers. Additionally, landscaping improvements increase property value, so landlords can charge more for rent and rehabbers can earn more when selling a fix-and-flip home.

Five Steps in Creating a Renovation Scope of Work That Rocks

April 25, 2022 by Kyle Sennott Leave a Comment

A solid scope of work is a foundation of any successful fix-and-flip. It helps you accurately estimate your rehab budget. It anchors your relationship with your contractor by detailing the work to be completed and the payment schedule. If you are using a private lender and your loan is based on the after-repair value of the property, it provides the necessary information for the appraiser to appraise the property. Finally, it lays out the groundwork for the draw schedule – a document that outlines what needs to be accomplished for your private lender to release the construction funds.

Eight Ways to Find Contractors for Your Next Rehab

April 8, 2022 by Kyle Sennott Leave a Comment

Finding Contractor for Renovations, Rehabs, and Fix-and-Flips

Are you looking for reliable and affordable quality contractors for your next fix-and-flip? Let me be blunt: I hope you already have some reliable leads to explore. However, even an experienced rehabber might find herself at times without immediate access to a reliable crew. His or her regular crew might be busy with other projects, unwilling to travel to a certain location, or simply no longer available. What are the best venues to find a home improvement contractor in a bind? Here are at least eight ways.

Hard Money Blog: Invest, Revitalize, Create, Prosper

Know HVAC for Fix and Flip Investments

Quick Links

Sign Up For Our Newsletter

Contact Information