Drawbacks of 100% Financing If you are planning on borrowing funds for your first (or next) flip, you have an important decision to make – will you use 100% financing or invest your own money into the project? 100% financing has a nice ring to it, but the reality is that these loans have major
There are several unpredictable factors that can delay the completion of your project. The worst thing you can do when you realize you are not going to meet this deadline is default your loan. Knowing how to act when these situations arise can save you money, avoid harsh penalties, and prevent you from potentially losing
You found the deal to move forward with, next step is to seek out a loan to help you finance your new project. The excitement of a new project sets in and you can’t wait to get to the final product, but how do you reassure yourself that you are receiving the appropriate funding to get
RealtyTrac recently released an on the 5 habits of highly profitable home flippers. While there are several different factors to consider when flipping a property, these 5 habits are an excellent place to start. We have taken these national standards and compared them to those in our local Washington, D.C. metro area market. Be aware that
Before choosing your hard money lender, make sure you know exactly who you’re getting involved with. Some lenders will have hidden fees and policies that you won’t discover until you get the preliminary HUD. In order to avoid this, there are some crucial questions to ask before you sign any loan documents. 1) What are
When you’re trying to find a private lender, it’s important to know exactly what qualities you should look for. Here, we have broken down the top five qualities your private lender should possess in order to ensure that your transaction moves quickly and efficiently. Attentiveness It is very important that your lender is responsive and
We have the experience and team ready to be your partner. Contact us today and learn why real estate investors choose to work with WCP for all of their funding needs.
