A Hard Money Lender's 4-Step Process to Analyzing Deals

"Did you pull the comps?"

A comp is short for "comparable." In other words, a comparative analysis of a list of similar properties close to the subject property you're looking to purchase and their sale prices. Proper comps are a critical part of making sure your offer on a property is appropriate. It’s how you find the sweet spot—a fair price that makes the buyer happy, the seller happy, and ensures the process moves quickly.

When it comes to real estate investing, checking the comparable sales of other properties is standard operating procedure before making an offer. But do you know how to evaluate the right data? Zillow and Trulia are not the answer.

In this instructive Meetup, Ian Walsh from Hard Money Bankers (http://hardmoneybankers.com/)(HMB) will reveal his time-tested method for accurate comps. He'll share with us his four-step process for analyzing real estate deals, how to look at comps from a lender's perspective, and how to evaluate a deal without ever visiting the property in person.

http://photos1.meetupstatic.com/photos/event/5/c/1/7/600_450623575.jpeg

Whether you're an individual looking to do some private lending, or a real estate investor seeking financing, this meeting will be an invaluable opportunity for you to pick the brain of a hard money lender who analyzes real estate deals for a living. Find out how he goes about evaluating the stream of opportunities that flow his way to ensure that he's investing his firm's money in the right deals.

Ian has been in the real estate investment business since 2008. Initially starting as an owner of WeBuyHomes2Fix.com, Ian learned how to analyze and evaluate residential investment properties by wholesaling properties. During the stretch of wholesaling, Ian started a company called Atlas Property Management as well as partnered in Hard Money Bankers. Atlas Property Management was sold in 2015 and Hard Money Bankers LLC is currently the primary focus of Ian's day-to-day activity. He specializes in underwriting and evaluating residential investment properties. With offices in Maryland and Pennsylvania, Hard Money Bankers offers loans on real estate projects nationwide.

"Lending is a passion, and being creative to make the loan work for the borrower is always exciting. It does not matter if it is a construction and acquisition loan, a construction loan or a refinance, I always try to find a way to make it work," Ian says.

Admission is $15, CASH ONLY. (Pay Eleena, the event organizer, at the restaurant.)

We have a private dining room reserved with a limited number of seats. Only RSVP if you definitely will attend. Thank you!