New Funding Resources 
The key to a successful rehab is to control your costs. That doesn’t mean, however, that you should use the cheapest materials. The trick is to think wisely and choose when to spend your rehab money and when to go with a budget option. As a hard money lender, I can testify that in our business it’s all about ROI. The goal is to create the most upscale look-and-feel for your property while keeping your costs down. Our most successful clients do so by concentrating their rehab money in strategic areas, using the right materials to get the most bang for the buck and by simply displaying good taste. Let’s unpack each of these recommendations.
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Hard Money Lender Advice on How To Manage Your Buyers: Part II
As a hard money lender, I want you to be aware of a disturbing trend that I’ve seen with many of our own properties. This trend is for buyers to pick your property apart and use the home inspection to renegotiate the price. You need to be aware – and be weary – of buyers who are fishing for a bargain and not emotionally vested in the transaction. They use the home inspection as a tool to renegotiate the price you’ve already agreed on. They demand more and more, and are ready to walk away from the contract if you don’t agree to meet their demands. As a hard money lender, I have several suggestions on how to handle such situations.
Hard Money Calculator: Basics
We want all our investors to succeed. A success in real estate flipping means realizing a profit that makes your efforts worthwhile to you financially. It’s a highly personal number. Someone might be content in making 20K per transaction, while others might need double that amount to justify the time they spent. This is why we created our hard money calculator: to ensure that our investors – especially those new to the business – are aware of other costs and do take them into consideration when calculating their potential profits.
The Magic of the MLS (Part 2)
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.
What Real Estate Investors Can Learn From This Summer
Summer is the most active real estate season and the time when real estate prices peak. It can literally make or break the entire year. This summer was strong in the DC area. Prices remained stable and in some areas increased. What does it mean for real estate investors like you and I? Perhaps most importantly, how can we capitalize on those trends and make money by using hard money loans in Maryland?
Finding Real Estate Deals: Introduction
Lead generation is the backbone of real estate investing and of any other business in general. In our 10+ years of doing business as a hard money lender, we’ve had an opportunity to see many investors succeed using drastically different strategies. This is why today we are introducing a new blog series on finding deals in real estate. Each article will cover one potential strategy of uncovering investment opportunities and running with them. The goal is to give you actionable ideas on how you can take those strategies and adapt them to your own style of doing business.
