Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
They say a picture is worth a thousand words. When it comes to real estate transactions, a picture might be worth a thousand dollars or more. Professional photos present a property at its best. Thus, professional images engage potential buyers so much better than amateur photos.
In our previous blogs, we’ve talked about impracticalities of paying thousands of dollars to attend a real estate seminar or get access to a real estate guru. The best way to save money is to stop spending it when you don’t have to. So here is the list of real estate experts that are ready to impart their hard-earned real estate wisdom without emptying your valet.
Let’s not beat around the bush. The best source of real estate information is the Multiple Listing System (MLS). Fortunately for the licensed real estate agents and unfortunately for the real estate investors who are not licensed, only realtors have access to it. The good news is that today you have more information than ever floating around. It might be not as nuanced as MLS’s, however, if used correctly, it can help you determine your rehab’s after repair value without a realtor.
A couple of days ago, I heard some people talking about a listing on the MLS. It seems one of them was looking to sell a nice single family home while the other was looking to buy a single family home. As I watched them do the negotiation dance, it occurred to me how much neither one of them understood the true opportunities that using the MLS brings. They really didn’t have a handle on dealing with DC real estate investments.
Real Estate agent is an essential part of your investment team. Perhaps the most important piece of advice I can give you as a private mortgage lender is to find an agent who specializes in working with investors. The truth is that representing an individual who wants to purchase a home to live in and representing a real estate investor is VERY different. It requires different types of skills that not every Realtor might have.
We got a question from one of our hard money loan clients the other day about whether or not he should hire a real estate agent, or if he should just get a license himself. That’s a great question given the availability of online courses on real estate these days. None of these will take the place of good old fashion research by the way. But the ease of which you can obtain a real estate license has made it a viable option for investors. If you are a real estate investor pondering the same question, let’s take an unbiased look at the pros and cons.
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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 