Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
Personally, I like modern home design. Still, no one can deny the charming nature of century-old, historic homes in Maryland, Virginia, and Washington, DC. Their character-building historical features help them fetch a nice price on the real estate market. However, real estate investors purchasing a DC-area vintage home should be careful in considering both stylistic options and financial aspects of the transaction.
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.
Yes, Jerome Powells, when a tray of sushi goes up in price by 20% in two weeks, it’s time to drop “transitory” as a description of the inflation we are living through. “Shocking” might be a better term for someone trying to feed a family. Or, perhaps, “befuddling,” if you are a real estate investor trying to decide on your strategy for the next year. So let’s talk more of what “befuddles” the experts and the novices alike: How the DC real estate market will stand up to inflation? Perhaps more importantly, is it still possible to make money investing in it in 2022?
If you have been closely watching the DC-area housing market, you cannot help but be in awe of both its performance and its future potential. The home prices in Maryland, Virginia, and Washington, DC more than doubled in the last twenty areas. Since 2000, our local area has enjoyed steady appreciation rates of close to 4% annually. For real estate investors, the DMV real estate market offers plentiful opportunities of making money by flipping homes and accumulating long-term wealth by building a portfolio of rental properties.
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).
2020 is over. What an incredible year it was. Despite its losses and hardship, I am grateful for many of its aspects. I am grateful because it reminded us that being human means being vulnerable. It showed us that no matter how invincible we feel, we share the same biology with a medieval bubonic plague victim and a Spanish flu survivor of 1918. It taught us that it’s possible to reach across the millennia to feel a kinship with those who lived, loved and died in the plagues of the past. Perhaps most importantly, it showed how dependent we are on each other, be it on our own family members or complete strangers. No man is an island. Our strength as a species is in cooperation with each other.
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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 