Investing in today’s market has been easier in some ways, particularly in the D.C. Metro area because of healthy appreciation in real estate. But as we saw in D.C.’s Petworth in late summer of 2014, a market saturated with investors can be devastating. Inventory builds (properties that sit on the market), and ill-prepared investors are forced
Rehabbing a basic paint and carpet project is a great starting place for new investors, but at some point branching out to larger projects is an attractive proposition. From experience, implementing the following steps can streamline your transition and not only help you avoid costly mistakes, but also come out profitable. Don’t go undercapitalized While
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
Real estate investors tend to have a few different options when it comes to financing a project, so why is a hard money loan the best option? Here is a snapshot of the benefits you’ll receive when you work with a hard money lender over a traditional bank loan. Fast closings Since hard money lenders give
In Part 2 of our Risky Business series, see more common mistakes that borrowers can make when utilizing hard money lending, and get tips on how to avoid them. Value the Property: Be reasonable with the value of the property. Pushing the market by listing the property for a higher price increases the risk of
Many people talk about the risks involved with hard money lending, and you may be asking yourself, “Is it worth the risk?” The truth is, as long as you know how to avoid the common mistakes, you can reap the huge rewards that come with investing in a property. Below are a few factors that,
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.
