New Funding Resources 
In real estate your make money when you buy. What it means that you need to put a property under contract at a price that will allow you to make a reasonable profit after the costs of owning, renovating and selling that property. The process of estimating these moving parts might be better described by the former Secretary of Defense Donald Rumsfeld: “There are known knowns; things we know we know… There are known unknowns – things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know.” I’m sure he wasn’t referring to the real estate rehab business, but you get my drift.
Evaluating Investment Opportunity
Time to Get Your Mind Right for Investing! (Part 1)
Okay folks, it’s time for a checkup from the neck up as we begin a new year on the path to your DC real estate investment dreams. I am especially talking to you fix and flippers out there because this could be a great year for you. You have to get in the game if you want to score though. If you want to score big, then remember these five things that are going to be at the core of your DC real estate investment strategy.
How Much To Borrow? Three Key Things That Affect Your Fix-and-Flip Loan Size.
Recently we had a client that approached us about doing a fix and flip loan for a property he was considering. We do these a lot so I was glad to help him and began asking him a few questions. When we got to the subject of how much financing he needed he said he wasn’t sure. He said he could guess the amount, but he wasn’t sure what to consider when estimating the rehab costs. Trust me, when it comes to a fix and flip loan, you don’t want to borrow too little or too much. Either way can get you into trouble. I can’t tell you everything that you will need to consider when you begin estimating the cost of a rehab, but I can give you some general places to look.
Not Knowing This Could “Raise the Roof” on Your Property Rehab Costs.
When considering that perfect piece of property to invest in, it’s critically important to keep rehab costs low to maximize your profit. Even with the great hard money rehab loans we offer, we would still rather see you minimize your risk by knowing what to include is the cost of a rehab. Here are a few things to think about when it comes to one of the most expensive parts of a rehab, the roof.
Critical Questions to Ask About Potential Investment Property
You’ve done your homework and found a property that you think may be a good deal. It’s time to ask the seller a few questions and get a full picture of what’s going on. This information will help you make decisions as to how much the property is worth now and how much you can get for it once you complete your rehab. It will also help you understand how much you need to borrow and if hard money loans are the financing tool you need.
