When it comes to the business of real estate investing, there are a few key areas that you need to focus on in order to become truly successful. At Washington Capital Partners, we have seen hundreds of deals over the past few years, and we have seen all different kinds of investors. Through every deal we have seen, we can tell you that the single most important factor in your deal and you career as a real estate investor is the ability to create and maintain quality relationships within the industry.
Establishing strong bonds with local real estate agents, contractors, wholesalers, lenders, and even other investors can take your career to the next level. Professionals like Realtors and wholesalers can bring you deals before other investors have even heard about the property. Contractors can help you by consulting on a project before you even decide to take it on. And lenders, like us at WCP, can help you with every aspect of the deal, from finding a property to hiring a local contractor with a great reputation.
Always take advantage of these relationships, but remember that, like any relationship, you must nurture it. Be sure that the person or company you connect with benefits from their relationship with you. If you find a great contractor, agree to provide them with business when you purchase a property. If a local Realtor helps you find a great property, use them to sell the finished product. In these situations, they gain business, and you gain their trust and loyalty. They will also most likely help boost your reputation, which is crucial in this industry, especially when you are focused in on a local market.
As one of Washington D.C.’s top hard money lenders, we are constantly focusing on our relationships with local professionals to be able to provide our investors with the best possible service. We only work with those who know what they are doing and provide exemplary products in order to help you maximize your profits.