Saturday, November 25, 2017


Real estate wholesaling is similar to flipping except that the time frame is much shorter and no repairs are made to the home before the wholesaler sells it. A real estate wholesaler contracts with a home seller, markets the home to his potential buyers, and then assigns the contract to the buyer. The wholesaler makes a profit, which is the difference between the contracted price with the seller and the amount paid by the buyer. The goal in real estate wholesaling is to sell the home before the contract with the original seller closes.
A typical wholesaling scenario looks like this: The wholesaler has a house under contract for $90,000 that he estimates needs $20,000 in repairs but will sell for $150,000 once the repairs are made. Using his network of investors, he finds an eager buyer at $100,000. He assigns the contract to his investor, who then has a profitable fixer-upper project, and the wholesaler made a $10,000 profit without ever owning the home.
The key to wholesaling is to add a contingency to the purchase contract that allows the wholesaler to back out if he is unable to find a buyer before the expected closing date. This limits the wholesaler's risk. As the wholesaler never actually purchases a home, real estate wholesaling is much less risky than flipping, which cannot only involve renovation costs but also carrying costs. Real estate wholesaling also involves much less capital than flipping. Generally, only enough to make earnest money payments on a few properties is sufficient for wholesaling. Success depends on the wholesaler's knowledge of the market and connection to investors for quick sales.


Read more: Learn real estate investing here: https://marylandhousepros.thinkific.com

Friday, November 17, 2017

5 Signs You Need to Upgrade Your Kitchen



Brighten it, expand it, organize it — whatever it needs, your kitchen is an update away from ideal.
Your kitchen is likely the most loved room in your home — and the wear and tear proves it. It’s the hangout for hungry teenagers, the conversation station during the holidays and the catch-up room after a busy workday.
A functional and appealing kitchen is important not only for your family but for your guests, too. After all, a delicious meal is only so appealing in a messy and cluttered kitchen.
Here are five signs that your kitchen may need an upgrade.

1. Outdated appliances

Perhaps they were there when you moved in, or maybe they came with you decades ago when you bought the home. Either way, outdated appliances are usually less attractive and drain more energy than newer models on the market.
Consider their safety, too. If you have to press a secret combination of buttons and chant a spell to light your range, it’s time to upgrade to newer, safer appliances.
When you do upgrade, consult a professional electrician to make sure everything is wired properly and up to code.

2. Damage and wear

Nobody expects your kitchen to stay in like-new condition forever, but damage beyond normal wear and tear needs addressing.
Water damage from a leaking fridge or dishwasher can cause mold on and underneath the flooring or peeling on the countertops, floors and walls, depending on the materials.
Cracked, peeling or chipped countertops and floors are prime spots for dangerous bacteria to reside — and hide from cleaning supplies. Even clean counters and floors with stains can cause your guests to think twice when they’re invited over a second time.
Upgrading to newer counters made from a durable material like granite is a good investment that can last practically a lifetime.

3. Not enough counter space

If your counters are covered with appliances, utensils and food, you need an upgrade. Ideally, your counters should always be clutter-free, and everything should have an easily accessible place.
Adding more counter space doesn’t have to mean tearing down walls and rehauling the layout. If your floor plan allows, installing an island is a great and relatively simple way to add counter space.
If it’s not the space but the clutter that’s the problem, larger cabinets or deeper drawers will increase storage so you can reclaim your counters.

4. You can’t find anything

Do you look forward to cooking or dread the time commitment? How much time is actually spent on food prep versus searching for the right utensils, appliances and dishware?
A disorganized kitchen makes it difficult to find anything, which can cause anxiety over cooking and render your kitchen useless. A fresh design and organization strategy is a worthy investment to get you eating in your own home again and enjoying the cooking process.

5. Your house won’t sell

Saving for your new home is often the priority when moving. But upgrading your current kitchen before you go is an investment that may very well pay for itself.
Home shoppers often gravitate first toward the kitchen. So, if you’ve been having trouble selling your home and the kitchen’s outdated — that could be the reason.
Buyers are usually more interested in move-in ready homes that require little or no remodeling. A more appealing, upgraded kitchen can be a motivating factor for buyers, hopefully resulting in less time on the market and a better selling price.

Make the necessary upgrades when the time comes, and your kitchen will reclaim its rightful place as the heart of the home.
Photos by Timothy Riley and Luke Caldwell.

Sunday, November 12, 2017




This is a FOCUSED program specifically designed to simplify the wholesaling process for you… remove any complexity, intimidation, and self-doubt you might have… help you overcome the fear, roadblocks and obstacles that will inevitably pop as you move forward… and most importantly, keep you accountable and guide you through (step-by-step) the specific ACTION STEPS  to answer any questions you have, and overcome any challenges you need help with in order to get that all-important “‘FIRST DEAL” under your belt in the next 60 to 90   days. This class sells for $4,997.00 on line (http://investors-workshop.thinkific.com/courses/wholesaleanywhere)  Watch this video to learn more about the training : https://youtu.be/MGA9t0bO38A Sales Price $450.00 Pay Here: Click Here To Make Payment

Sunday, November 5, 2017

BestTransactionFunding.com is your Expert Specialist for 1-3 day, back-to-back, real estate closings!




BestTransactionFunding.com is your Expert Specialist for 1-3 day, back-to-back, real estate closings!


Do you want to make big profits in real estate 
without using your own cash?


Use our flash funds as your 'dough for a day,' 
and fund all your short sale, REO, and HUD wholesale flips!


Make us your trusted short term Transaction Funding Partner.


THIS IS WIN, WIN

Don’t let lack of funds ruin your chances at SOLID, HONEST PROFITS. Use other people’s money to make more money.
BestTransactionFunding.com offers you easy, hassle-free and affordable 100% financing. These are private, one-to-three-day bridge loans for short sales, foreclosures, REOs, FSBOs, HUD, flips, commercial, residential, and Realtor® (MLS) listed properties.
Our company owners have been real estate investors since 2000 and know there are tremendous opportunities out there. AND, we offer one of the lowest rates in the industry – only 1.75%, while other lenders charge a heftier 2-3% or more.
You can make huge profits in just one day without long term financing, lengthy negotiations, documentation, credit history checks, repairs, remodels, renting…Contact us now!


EVERYBODY WINS 
  • The seller wins by getting out of burdensome house payments and possible foreclosure.
  • The short sale bank wins since a non-performing asset has been liquefied. 
  • The end buyer wins by getting a house at a well discounted price.
  • The investor wins by reaping profits from the two sales.
BestTransactionFunding.com is the special catalyst that makes this happen.

YOU CAN MAKE BIG PROFITS
Imagine making more than you’ve ever made with just one transaction in 1-3 days? Click here to read more about HOW IT WORKS
BestTransactionFunding.com offers one to three day transactional funding to buyers easily and efficiently – the best lending fees combined with the best services, quickest turnaround, and unlimited Proofs of Funds letters (POFs).

EVERYONE IS A WINNER AT BESTTRANSACTIONFUNDING.COM 

This is the best of all worlds.
You don’t have to be well financed to take advantage of our one to three day transaction funding program. You can keep your financial privacy and don’t need to produce mountains of documentation or even have a credit check done, but you can generate cash profits right now.

CLICK HERE TO GET STARTED.
MarylandHousePros.com

Saturday, November 4, 2017

Selling Your House While Divorcing



Selling Your House While Divorcing

MarylandHousePros.com

If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, then keep reading this blog post to give you our best suggestions about selling your house while divorcing in
Divorce can be challenging and emotional. Yet, in the midst of the difficult situation, you might be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in [market_city]. Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.

Houses In Divorce Can Be Complicated

During a divorce, the two parties seek to split their assets in half. For some assets are liquid (such as money), it’s very easy to do. For other assets, including real estate, it’s much harder to do because how do you split a house in half? It’s one asset that derives its value from being whole, and it’s usually a structure built on a plot of land, so it’s not going anywhere.
Since cutting the house down the middle isn’t an option, should one party get it or the other? And maybe in some divorces, one party might be invited to take the house only if they can pay for it (which is a massive expense a time that people rarely want to incur such expenses).

Here’s How To Split The Real Estate Asset

The best way to split the real estate asset is to sell it:
The property itself might have some expenses incurred during the sales process, or there might be outstanding bills, or there might still be a partial outstanding mortgage on the property. So the two divorcing parties should probably just sell the property and direct their attorneys to apply the money earned from the equity to any outstanding debts.
The remaining amount can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).
But this begs the question — how do you sell the property?

The Fastest Way To Sell A Divorce House

When it comes time to sell, most people think of selling through a real estate agent. Unfortunately there’s a few problems with this:
  • the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that?
  • the agent will then list the house, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
  • the agent will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth
This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.
Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying firm (which is what we do here at MarylandHousePros.com). The real estate buying firm will buy your house quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay). You don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork.
If you’re going through divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the house you want to sell. We specialize in buying divorce houses and we can help you expedite your divorce by buying this house from you.

Click here to enter your information or call our office at 240 389-4319 to tell us about your property

What Is The Hard Money Lender Process





What Is The Hard Money Lender Process— 5 Steps To Know


MarylandHousePros.com
Real estate investing can be capital intensive. Sometimes you need money to do more deals or to get your deal to a level that you can make money off of it. When you need money, and if you don’t want to go through the typical bank-sourced lending, then you might want to borrow from hard money lenders. In this blog post you’ll read about what is the hard money lender process for [market_state] and how you can work within this process to borrow money efficiently.

Step 1. Identify Your Need

For some investors, they need hard money to acquire a property; for other investors, they need hard money to fix up the property so it can be ready to be sold or rented. You need to identify your need and have a pretty good idea of how much money you need to borrow.

Step 2. Find A Hard Money Lender

There are many hard money lenders out there but not all lenders are the same. Some will only lend to certain types of deals or in certain states; others will only lend a certain amount of money. So you may need to hunt around a bit to find the right hard money lender for your situation. If you want to know more about the hard money lending that we do here, and if you want to know exactly what is the hard money lender process (and how we work within that specific process) then click here and enter your information.

Step 3. Evaluate The Deal

Once you’ve found a hard money lender who may work within the parameters that you need, talk to them about the deal or situation that you need funded. Share all of your information with them and help them understand why you think this is a good opportunity, what you plan to do with the money, how you plan to pay the money back, and how you plan to benefit overall from the project. Remember: hard money lenders are investors too, so they need to see that THEY will get a return for the money they’re lending, just as you’re thinking about getting a return on the investment overall. Help the lender see this from their perspective.

Step 4. The Lender Will Decline Or Accept The Deal

Once the hard money lender has evaluated the information that they need to make an informed decision, they will make a decision – either to lend the money, lend some portion of the requested loan, or decline the loan.

Step 5. Next Steps

If you receive some or all of the money, make use of it to complete the deal as you had planned, and repay the loan on time. If you did receive the loan, don’t despair. Compare the loan parameters with your deal to understand the difference and then seek to correct the misalignment or keep looking for a different hard money lender.

Now you know what is the hard money lender process. If you want to talk to us about how to get a hard money loan for your deal, click here and enter your information or call our office at 240 389-4319.

Thursday, November 2, 2017

1710 Felwood Street, Fort Washington, MD 20744


  • 1710 Felwood Street, Fort Washington, MD 20744

  • Beautiful Colonial In Sought After Fort Washington,Shows Like like A Model. Five Bedrooms, Four Bath Brick Front Colonial , Spacious Master Bedrm,Beautiful Kitchen, Finished Basement Perfect For Entertaining ,Formal Dinning Room, Deck Off The Sunroom, Large Family Rm, Owners Took Great Pride In This Beautiful Home . Perfect For Family Gatherings, A Must See That Boast All The Bells and Whistles.





















 1710 Felwood Street, Fort Washington, MD 

  • price: $465,000
  • hoa fee: $13/month
  • hoa fee freq.: Annually
  • taxes: $5,992 (2016)
  • status: Active
  • type: Single Family
  • mls id: PG10095605
  • updated: Today (11/2/2017)
  • added: Today

Property History 

  • 1710 felwood street, fort washington, md
  • Listed at $465,000 on 11/2/17

Interior

  • Rooms/Areas: Living Room, Dining Room, Bedroom-Master, Bedroom-Second, Bedroom-Third, Bedroom-Fourth, Bedroom-Fifth, Kitchen, Family Rm, Foyer, Sun/Florida Room
  • Interior Features: Traditional Floor Plan, Bedroom - Entry Level, Closet - Master Bedroom Walk-in, Countertop(s) - Granite, Crown Molding, Master Bathroom - Separate Shower, Master Bathroom - Separate Tub
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Refrigerator, Stove

Rooms

bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

bedrooms

  • Total Bedrooms: 5
  • Master Bedroom: Upper 1
  • Bedroom 2: Upper 1
  • Bedroom 3: Upper 1
  • Bedroom 4: Upper 1
  • Bedroom 5: Main

other rooms

  • Foyer/Entry: Main
  • Living Room: Main
  • Family Room: Main
  • Kitchen: Kitchen Island, Separate Dining Room, Main
  • Dining Room: Main

Exterior

  • Exterior Features: Deck

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Brick Driveway, Garage
  • Garage Description: Front-Loading Garage

Location

  • County: PRINCE GEORGES
  • Subdivision: PALMER WOODS-PLAT ONE> 
  • Driving Directions: Allentown Road To Tucker Road To Felwood

School Information

  • Elementary School: TAYAC
  • Middle School: ISAAC J. GOURDINE
  • High School: FRIENDLY

Community

  • Association: Yes

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Cooling Fuel: Natural Gas, Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Water Heater: 60 or More Gallon Tank
  • MarylandHousePros.com
  • MarylandHousePro.com

Utilities

  • Sewer: Public Septic
  • Water: Public

Structural Information

  • Architectural Style: Colonial
  • Exterior Const.: Brick Front
  • Basement: Yes
  • Basement Entrance: Inside Access
  • Basement Desc.: Fully Finished
  • Attic: Yes
  • Disability Access: None
  • Entry Location: Foyer
  • Stories/Levels: 3
  • Year Built: 2004

Lot Features

  • Lot Size (Acres): 0.6813
  • Lot Size (Sq. Ft.): 29,679
  • Zoning: RR

Financial Considerations

  • For Sale: Yes
  • Association Fee: $150
  • Assoc Fee Freq.: Annually
  • Assessment Amount: $455,400
  • Assmt Payment Freq: Annually
  • Land Assmt: $102,500
  • Land Assmt Freq: Annually
  • Spcl Tax Assmt: $1,449.46
  • Spcl Tax Assmt Freq: Annually
  • County Tax: $4,186.31
  • County Tax Freq: Annually
  • Tax Amount: $5,992.09
  • Tax Year: 2016

Disclosures and Reports

  • Ownership: Fee Simple
  • Disclosures/Reports: Prop Disclosure, Prop Disclaimer
  • Block: A
  • Lot: 5

Own Your First Rental in Maryland: A Checklist


Own Your First Rental in Maryland: A Checklist

MarylandHousePros.com
Are you thinking about buying your first rental property? Being a landlord can be a challenging experience. There are many things to keep track of, and one mistake can cost you.
In our latest post, we have put together a checklist for the process of buying a rental property, the process of screening your tenants, and a list on how to manage once you are officially a landlord!

When You’re Ready To Buy:

  • Have Your Finances In Order – You should know your credit score and tend to any negative marks before you apply for a loan. You don’t want to find out after finding your dream home that you aren’t able to afford it.
  • Set Your Limits – What can you afford to spend? Don’t compromise here. Struggling to make your mortgage payments will take the joy out of owning a home.
  • Research – Talk to investors, read as much as much as you can, study your market’s trends, and consider buying a course. The best investors never stop learning.
  • Take Notes – Take detailed noted of each property you see. Many people will use a chart to easily compare bedrooms, bathrooms, price and other variable features of a home.
  • Hire Professionals to Help – A first-time investor should never navigate the process alone. Enlist the help of professionals to help you along the way.
  • Buy Below Market Value – To help guarantee a return on the property, you should try to only purchase properties that are listed under market value. If you aren’t able to get the lease payments you are after, at least you will be able to sell the home for more than what you bought it for.
  • Calculate a Property’s ROI – To calculate ROI, the net profit of your investment is divided by the amount of money you have invested. The results are expressed as a percentage or ratio.

When You Are Screening Tenants:

  • Advertise – Utilize the most popular sites, and make sure you have excellent photography and accurate property descriptions.
  • Provide Application Forms – Hopefully, you will get tenants who want to apply on the spot. Make it easy on them by having application forms readily available.
  • Background Check – Running a background check on prospective tenants is crucial. There are many services that can assist with this.
  • Credit Check – In addition, running a credit check will help make sure your tenant will be able to pay you!
  • References – Thoroughly check all references provided.
  • Sign an Agreement – The agreement, or lease,  should be very detailed and leave no room for disagreements. Include your process for conflict resolution.
  • Conduct an Inspection –  Both you and the tenant should inspect the property (together if possible.)
  • Clean & Repair the Property – Any repairs noticed during the inspection should be made before the tenant moves into the home.
  • Change Locks – To reduce your liability and keep everyone secure, you should change the locks with each new tenant.
  • Final Steps – Collect deposits, rent, and provide keys.

After Your Tenants Have Moved In:

  • Tenant File – Create a tenant file with all the pertinent information. Keep track of all tenant issues.
  • Calendar – Keep track of important dates, lease terms, maintenance schedule. If you own many properties, property management software will help to keep you organized.
  • Stay on Top of Things – Keep the house in good shape and exercise a proper maintenance schedule.
  • Master Vendor List – You will inevitably have to pay repair costs and maintenance fees. Work with vendors you trust for maintenance, plumbing, AC repair, etc. Keep their contact info readily available.

Do you want to purchase a house for investment purposes? We can help! Send us a message or give us a call at the office! 240 389-439

MarylandHousepro.com