How To - Secure Funding For Investment Properties - Part 1 - Get A Dea

Almost all topics in a 'How To' for an investment property will start with 'Step 1 - Find A Deal'. The same is true for funding a project. As a hard money lender, my job is to underwrite the asset being presented. This is the step where 90% of the funding dies. Most people don't actually have a deal. They have a property they like and want to buy, but not one that will end up in a profitable venture. It is the lenders job to make sure they protect the money they are deploying so if they see a deal that is not setting up to be profitable, they will probably stay away from it. When presenting a deal to a hard money lender, be sure you do a lot of homework, know your 'After Repair Value', know how much you should pay to create a profit margin and know your construction numbers well. You can be new to investing and still get this right, but it will take longer for you analyze a deal than an experienced investor. It is well worth the time to KNOW your project rather than guess and hope.

Ian Walsh 215.839.3271 [email protected] Google+