Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
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.
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.
If you are a real estate agent or a home improvement contractor, sooner or later you will be having the following thoughts: “I see my clients making money in real estate. I am an essential part of these transactions. Shouldn’t I try to strike it on my own and keep the profits I am helping my clients make for myself?” First of all, I am glad you are having these thoughts. As a self-employed entrepreneur, it’s part of your job to always think always ponder new money-making opportunities. And under the right circumstances, the answer to that question might be a resounding “Yes!”
Real estate investors in the Washington D.C. area don’t like to miss out on an investment opportunity. Yet the opportunity to invest in a modular home might make them think twice – as it should. Are modular homes a good investment? When compared to stick-built homes, how do modular homes stack up? Are they sturdy and well-built? Is there a demand for them in the DMV area? Do they gain or lose value over time? Essentially, real estate investors need to know if modular homes are a solid investment. Here are some straightforward answers for Washington D.C. area rehabbers planning to fix and flip a house or investors/landlords planning to buy and hold.
Knowing your property’s boundaries can make or break an investment opportunity. Most investors have a general idea of where a real estate property begins and ends. But how can they be sure? Real estate investors can get the facts they need by having the property surveyed.
You need a property survey to ensure the property you are buying does not have hidden defects that will come to haunt you later. Sometimes the seller is genuinely not aware of those defects, and sometimes, they do know and don’t want you to find out.
Let me give you a couple of examples when we were fortunate to find those defects before closing.
The next time you’re flying over Dulles or Ronald Reagan airports, glance out the window. If the sky is clear, you’ll see the landscape below. You may notice clusters of homes in neat squares. Plus, you can spot patches of green farm fields or skyscrapers. Essentially, the view from an airplane window is a visible clue to understanding zoning.
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 