Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
The “Covid-19” real estate performance numbers are officially in and guess what? It had another record-breaking summer. In July, the median home sales price hit a ten-year high, posting a 13% increase from last year.
What does it mean for you? It means that if you bought a property for $200K in summer 2019, by now you would have been at least $26K richer. Just think of it – you would have earned $26K by doing virtually nothing.
From many applications for funding that come to us every day, a big portion is for rehab loans in Washington DC. No wonder, the DC rehab market continues to offer profit margins that are rarely available in the surrounding areas. Rehabbers in the DC area have been consistently making money buying dilapidated properties and turning them into beautiful homes. Their continued success, however, is attracting less experienced (and less well-heeled) investors and driving the competition for distressed properties. As a result, DC continues to offer terrific investment opportunities, but is also a market where it’s easy to make mistakes.
Welcome to part two of our look at the Multiple Listing Service (MLS). As mentioned in the previous blog, the MLS is great tool for staying up to date on the most current properties available for investment. Metro DC Real Estate is fast moving and you need a way to track good deals and compare them to other deals. The MLS has a host of information for doing just that.
The dust might be settling on the explosive emergence of Donald Trump as the 45th President, but many questions remain. “What does his presidency mean for the country?” and “What does it mean for me and my family?” Trump made many promises during his campaign and only time will tell how many of them he will keep. However, one question that is near and dear to every local real estate investor is how Trump’s new administration will affect the DC real estate market and by extension the DC area rehab business.
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.
Gentrification might be a controversial and politically wrought term, but for real estate investors it spells an opportunity of a life time. Gentrification remains rare nationally, but we apparently live in its epicenter. In 2015 there was only one city in the whole US that was gentrifying faster than Washington, DC: Portland, OR. As one of the top hard money lenders serving Washington DC, we’ve seen our clients earn significant profits turning dilapidated properties into swanky homes for the upwardly mobile. Are you considering DC as your next investment project? Here are some data, resources and advice to get you started.
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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 