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.
real estate agents
The Magic of the MLS (Part 1)
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.
How to Build a Great Investment Team: Part 6
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.
How to Build a Great Investment Team: Part 4
As hard money lenders, we cannot overemphasize the importance of finding the right contractor. A reliable contractor can significantly improve your return on investment. In contrast, an incompetent contractor can flush your profits down the drain. If you are a first time investor, finding a reliable contractor should be your priority.
Investor or Agent: Should You Be Both?
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.
