New Funding Resources 
One of the questions we get a lot, especially from new real estate investors is, “How do I deal with risk?” I wish investing was a sure thing, but there really is no such thing as a “sure thing.” There is always the possibility of losing money just like there is always a possibility of making money. It’s all about dealing with risk. But you can help minimize that risk by using experienced hard money lenders. Here are some other tips for handling risk in your investments.
Being a Real Estate Investor
Do You Have the Mindset For Rehabbing?
Many of our private rehab loan customers ask us to wish them good luck on their rehab investment, but real estate investment isn’t about luck. It’s about well thought out decisions based on good research. It’s about markets and timing. However, all of that aside, it’s mostly about YOU. As a football coach would tell their team during half time, “You gotta get your head in the game!” To make successful decisions, you have to have the right mindset. What is the right mindset you ask?
Of Magic Beans and Real Estate Investments
Growing up, I remember hearing the story of Jack and the beanstalk. The story begins with Jack, a poor farmer, investing his money in a bag of magic beans. No one believed him that the beans were magic, and it wasn’t until he climbed a beanstalk, fought a giant and chopped down the aforementioned beanstalk did his investment really pay off. Our experience in investment property financing has taught us that real estate investment is a lot like that. It will be adventurous, scary, frustrating, and so much more…but the return can be like getting a goose that lays financially golden eggs.
But before you go counting chickens before they hatch, here are five frustrating things about real estate investing that you need to consider for this financial journey:
3 Signs of Immaturity in Real Estate Investors
What separates newbies from weathered rehabbers? What are the key differences between investors who can consistently turn solid profits by flipping homes and someone who is chasing a dream, even if it’s a pipe dream? As a hard money lender, I have some telltale signs of a real estate investor who is still has some maturing to do.
Hard Money Lenders Love LLCs. Here is Why You Should Too.
Hard money lenders like us come across many types of real estate investors. Some of them are doing it full time. They are heavy hitters that juggle multiple properties at the same time and need additional leverage. Others like the security of day-time jobs and flip houses on the side to supplement their income. Both can be very successful. However, regardless of the activity level, one thing is clear: those serious about running an efficient operation, building wealth and protecting themselves from risk are doing business as an LLC (Limited Liability Company).
What It Takes to Be a Rehabber
So you want to be a rehabber and make money by flipping homes? Before you start shopping for an investment property and rehab loans in DC, MD and VA, let’s talk about what it takes to be a real estate flipper. At New Funding Resources we believe that you will need at least five things to succeed in this arena: motivation, time, a good support system, money and experience.
