Being a Real Estate Investor

DMV Real Estate Investing 2021. What the Future Holds and How to Prosper.

January 7, 2021 by Kyle Sennott Leave a Comment

As I write this blog, a new year is dawning. Maryland has just vaccinated 1% of its citizens. I am not sure whether to be excited by this number or to be concerned with the Herculean task ahead. It’s truly like glimpsing a tiny flicker of light at the end of a very long tunnel.
So what should we expect from 2021? It’s certain that it will bring new challenges. And with challenges usually come opportunities. A Yiddish proverb says, “We plan. God Laughs.” Last year, we’ve made predictions about 2020 but, surprisingly, not all of them turned out to be wrong (see how accurate we were here). So let’s indulge ourselves. I bet that with some reliance on the past performance, the recent and historical data, and our collective local real estate market expertise we can make predictions that will withstand the test of time (save for an alien invasion, of course).

How to Start Investing in Real Estate

December 10, 2020 by Kyle Sennott Leave a Comment

Writing Note Showing Take Action Business Photo Showcasing Do Something Official Or Concerted To Achieve Aim With Problem Stationary Placed Next To A Cup Of Black Coffee Above The Wooden Table — If you are new to real estate investing, start with realistic goals and break them into smaller objectives

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.

Outsmart Competition During the Holiday Season

November 6, 2020 by Kyle Sennott Leave a Comment

To get a head start on 2021 real estate investing, prepare to wheel and deal during the Holiday season. And, no, it would not make you a Grinch.

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.

Practical Tips on How to Get Your After-Repair Value Right.

October 16, 2020 by Kyle Sennott Leave a Comment

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.

Thinking About Becoming a Real Estate Investor? See If You Fit the Bill.

September 1, 2020 by Kyle Sennott Leave a Comment

First-time real estate investors — Doing something for the first time can be exhilarating. This is how to succeed if you are a first-time investor.

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.

Four Signs You Might Not Be Ready for Real Estate Investing

August 30, 2019 by Kyle Sennott Leave a Comment

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.

Being a Real Estate Investor

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