Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
Debt Service Coverage Ratio (DSCR) loans are a popular financing option for real estate investors who want to build rental portfolios without relying on personal income verification. Instead of focusing on tax returns or W-2s, DSCR lenders evaluate whether the rental property itself generates enough income to cover the debt.
In short: your rental income—not your paycheck—qualifies you.
If you’ve been speaking with a hard money lender, chances are the term “exit strategy” has come up more than once. There’s a good reason for that. Hard money lenders care deeply about your exit strategy—because it determines how (and when) they get repaid. But it’s not just about the lender. Your exit strategy also dictates how and when you, the borrower, make money. Let’s explore what an exit strategy is, the most common types, and how selecting the right one can maximize your profits.
We’ve written several detailed articles on why it’s important to invest in real estate using an LLC. Actually, it doesn’t matter much whether you are investing in the name of an LLC or any other type of business entity. What’s important is that you don’t invest in your personal name. Why? Investing in the business name protects your personal assets, helps manage your risk, protects your privacy, and might come with some tax benefits. Also, if you are working with a hard money lender, they usually prefer lending to businesses rather than individuals.
If you are investing in the Greater Washington DC area, chances are sooner or later, you will buy a fixer-upper in the planned community. Such homes come with the strings attached; they are members of a Homeowners Association, and you may be obligated to join in. Let’s talk about HOAs and what membership there means for you both as a flipper and a landlord.
Whether you’re aware of it or not, your emotions and memories are powerfully influenced by your sense of smell. For example, the smell of coconut might stir up thoughts of relaxation on the beach. A whiff of lilacs might remind you of a summer day in the garden. A pine or cedar fragrance might take you back to a cozy winter night at home.
As soon as you’ve closed on your rental property, you are saddled with the responsibility to maintain it. Since many of our borrowers extensively renovate their properties before renting them out (that’s what our buy-and-hold loans are for), the first five years following the renovation are typically relatively easy. You might need to fix a broken faucet or repaint some rooms when switching the tenants, but chances are you would find it easy to manage your maintenance responsibilities. However, time marches on.
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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 