When it comes time to invest, there are a lot of factors to keep in mind. The key to profitable investing is knowledge. Having a firm understanding of the ins and outs of your preferred investment vehicle will ensure a higher probability of success. If you are thinking of investing in real estate, the complexity of the market and competition may seem overwhelming. This is why it’s important to work with people that you can trust and have the experience level you can count on. As an investor, make sure to do your research when shopping for your next deal. If priced correctly, properties on the West Coast have a short marketing time before selling. If you are looking at a particular property to invest in, ask yourself why is this property still available? When borrowing money for this opportunity, it is KEY to work with a team that can look at the property and give their honest opinion and evaluation. Here at Lantzman Lending, we will share our underwriting with you as part of our loan quote which will include the current value as well as what we believe it will be worth after the repairs are made and its fixed up.
Knowing all the costs involved is key to accurately gauge the viability of the project. It’s not enough to simply consider what you’re paying for the property and what it will sell for. There are many other costs involved. Some of these include the repairs costs, insurance, escrow and title fees and other holding costs. It’s a big financial relief to work with a hard money lender like us that will cover the majority of the purchase price plus 100% of the rehab cost.
Before you invest, do your research and create relationships with a reputable hard money lender like Lantzman Lending. We thrive on creating new and maintaining old relationships with past borrowers. If you are new to investing or are looking for another way to structure your investments, please feel free to contact us at anytime to walk you through the process and help you successfully invest in real estate.