Jason's guest today is Hard Money Bankers' very own lending director, Tony Karlicek. Tony fields most of our loan applications and calls and has unique insight into the kind of deals that are out there. He talks about the types of inquiries he receives on a regular basis and reiterates a point that Chris and Jason have made several times--you make your money when you buy. He also gets into the most important things an investor needs to pay attention to: knowing their market, negotiating with homeowners, and construction costs which can make or break a deal. Tony and Jason also remind clients and perspective clients to lean on us! We're here to help!

In this Private Money Minute, Jason goes over how much money you can (or should) borrow on real estate deals.

Jason goes through the best way to choose the right hard money lender for you. You need to make sure 1)they are local; 2) their program is flexible to meet your needs; 3) their terms work for your project(s). The two most important things to verify from your lender is to make sure they can close on time and can reimburse draw requests quickly and easily.

Jason describes the importance of having a good real estate deal first. This attracts the money. All types of money will flock to a good deal--hard money, private money, bank money, etc. Find a good deal first! Worst case scenario you could always wholesale or partner with someone.

Jason describes the importance of having a good real estate deal first. This attracts the money. All types of money will flock to a good deal--hard money, private money, bank money, etc. Find a good deal first! Worst case scenario you could always wholesale or partner with someone.

Chris and Jason are discussing taxes and things you should keep in mind if you have a real estate business. First they remind you to take care of your basics–making quarterly payments and setting up a retirement account. Then they get into LLCs and ask you to consider if one is right for you; if you are doing a lot of deals, it is usually the best way to keep your personal money separate from money that needs to be used for business expenses. Finally, they talk about income from buy and hold properties versus short term fees.

Chris and Jason are discussing taxes and things you should keep in mind if you have a real estate business. First they remind you to take care of your basics–making quarterly payments and setting up a retirement account. Then they get into LLCs and ask you to consider if one is right for you; if you are doing a lot of deals, it is usually the best way to keep your personal money separate from money that needs to be used for business expenses. Finally, they talk about income from buy and hold properties versus short term fees.

In this episode of Private Money Minute, Jason discusses his opinion on the current state of the median housing prices in the DC and Baltimore area real estate markets. The market seems stable and strong with opportunities to purchase discounted properties and margins to make profits upon the resale to homeowners looking for a nicely renovated home.

In this episode of Private Money Minute, Jason discusses his opinion on the current state of the median housing prices in the DC and Baltimore area real estate markets. The market seems stable and strong with opportunities to purchase discounted properties and margins to make profits upon the resale to homeowners looking for a nicely renovated home.

Private Money Minute #29: Why Wholesalers are the Best Real Estate Investors by Real Estate Investing