Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
So you want to start investing in real estate? Let’s assume that you have some funds to invest in and have been pre-approved for a hard money loan by a reputable private money lender. Now you are ready to start looking for the right property to flip. Where do you begin? Here is some actionable advice that would help even new investors develop a killer strategy to grow rich in real estate.
The Holiday season is upon us. Things traditionally slow down, priorities shift, and with the barrage of family responsibilities, it’s challenging to make time for real estate investing. Or so the conventional wisdom goes. In reality, it’s a unique opportunity to snatch a deal – while your competition is busy roasting chestnuts and sipping the eggnog.
The main difference between private and traditional lending is that private lenders base their loans on the after-repair value of the property. In contrast, conventional lenders base it on the current market value. Both the after-repair value and the current market value is ultimately determined by a licensed appraiser. However, the after-repair value is the value that is not there at the time of the appraisal. It’s simply a projection of what the property might be worth once the planned renovations are completed. It’s based on the sale prices of similar properties rehabbed to the same extend our investor plans to rehab hers.
Real estate investing is a fantastic way to make money. Whether you are looking to book your profits as soon as possible (fix-and-flip) or are building long-term wealth (buy-and-hold), there are strategies that fit many budgets and investor profiles. However, “many” doesn’t mean all. Not everyone is in a position to take on the risk associated with real estate investing. Not everyone can afford it, and not everyone succeeds. Doing something for the first time in your life is risky; being a first-time real estate investor is no different.
As a local hard money lender, we’re all about sharing our expertise and helping you make money in real estate. We love both learning – and every real estate transaction is a unique learning opportunity – and sharing life’s lessons. Many of our borrowers are the first-time flippers and the vast majority will make respectable profits rehabbing their first property. Yet, real estate investing is not for everyone. Here are the four tell-tale signs that private lenders like us use to differentiate serious first-time investors from those who might not be worth the risk.
In our previous blogs, we’ve talked about impracticalities of paying thousands of dollars to attend a real estate seminar or get access to a real estate guru. The best way to save money is to stop spending it when you don’t have to. So here is the list of real estate experts that are ready to impart their hard-earned real estate wisdom without emptying your valet.
Home
What We Do
Who We Are
Hard Money Lenders
Private Mortgage Lending
Private Money Lender
Our Loan Programs
Our Process
Tools & Resources
Get Approved
Mortgage Brokers
Real Estate Agents
Capital Investors
Funded Loans
Contact Us
Sitemap
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 