Washington DC Hard Money Lender

Remember a few weeks ago when I wrote “This time of year really does move quickly.  For some reason, 2011 seems like it has absolutely flown by – faster than ever.”?

I truly am grateful for all the friendships and business and personal relationships that this business has brought me over the years.

2011 did pass quickly, and for some investors, it has been a banner year.  For others, there have been some real challenges getting final execution and actually closing on deals.

If there is anything I can help you with in your real estate business before the end of 2011, let me know.

I am still here working through December, and would like nothing more than to help you have one more success this year.

Just don’t forget to slow down and enjoy some of the season as well. It really does go by fast, but give YOURSELF the gift of slowing down and enjoying this time of year.

Lastly – If you have never seen me in a festive “Santa” hat – grab a peek while you can…. I might ask them to take this video down soon.

You can catch it here or at http://www.youtube.com/profitableproperty

Have a safe and blessed holiday season, and may next year bring you everything you need.

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

January 2012 WREIA now posted at http://jan2012-wreia-dc.eventbrite.com

We hear the term “Partner” used a lot these days. However, in business it may come disguised as….

• Alliances,
• Joint Ventures, or
• Business Relationships.

In just a few news articles, I found the term used a number of ways:

“She was promoted to a senior partner in her law firm.”

“The United States largest trading partner.”

“He is now a junior partner in a major Wall St. firm.”

“As children, they were partners in crime.”

In the real estate business, we frequently hear the term “business partner”.  Some partnerships are very formal, with written guidelines for performance and others are based on a verbal conversation and memorialized with little more than a handshake.

You can imagine, as President of the Washington REIA Network, I hear a lot of reasons why people are not having success in their real estate investing business.  This month at WREIA we are going to dig deep on the topic of partnerships and how they can help you jump start or grow your business.

When I first got started in this business, I thought I had to do it all myself.  And I tried to do it all myself.  I quickly realized I could get more done if I hired other people to do the jobs that I was not particularly good at, or that I had no business doing in the first place.

When you step back and look at the hundreds of properties I have bought, renovated and sold over the years, you will find very few where I didn’t have a “partner”.

When you are just getting started, you may need more capital for your projects.  This is particularly true in the DC area.  You can find money all over town if you have a good project.  With a quick internet search or phone call you can find hard money, private money, bank loans, lines of credit, cash from your credit cards, relatives, co-workers, retirement accounts, new and old friends and the list goes on.

When you have completed a few projects successfully, you may not depend on those alternatives sources of capital.  However, you may then require more access to specialized contractors.  Or maybe – you just need access to contractors that show up and do the work.

On our private training call a few weeks ago, we discussed a new way of thinking about contractors. When you hire a contractor – you are essentially bringing in a partner for your project.  Aren’t you sharing the profits of the project with your contractor?  You are hiring their expertise, manpower and ability to get the renovation done faster, safer, and better than if you did all the work yourself.

Their is no end to this business when you find the right partner who complements your abilities and skills sets.  Together, two people can accomplish more than one  person working on their own.

But -  you should be cautious when choosing a partner as well. A good partner can amplify the effects and profits of a good project, just as a bad partner will amplify any negative effects or losses.

Join us Sept. 12th at Washington REIA as we talk about partnerships. I will describe some of the partnerships I have had in the past that have created wild success and a few that had to be dissolved. Through the years, I have learned a few things about choosing a good partner, and I will share those with you next Monday.

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

The four major benefits for attending the Washington REIA meetings are Networking, Education, Resources, and Belief.  Our Members are actively investing in real estate in your own back yard.  Don’t miss out on your opportunity to talk to experienced and talented people, who are on the street doing deals.

I look forward to seeing you there!  Invite your friends and real estate network to our next meeting.  You will not want to miss all that we will share with you.

John

P.S.  The 6 month membership is $89.00 or you can pay $25 at the door per meeting.  Receive a $5 discount off of the single night registration by pre-registering HERE!

You can also find the pre-registration page at  http://sept-2011-wreia-cc.eventbrite.com

Check us out online at:

http://www.youtube.com/profitableproperty

http://www.facebook.com/profitableproperty