In the world of real estate investing, a hard money loan is a popular financial tool that allows you to get your foot in the door when you don’t have the necessary funds. But if you have already taken out a hard money loan and plans change, you might find yourself wanting to refinance it…. Read more »
What Does a Hard Money Lender Look for in a Borrower?
When taking out a hard money loan, you’ll find that different lenders have different requirements. If you’re still a new borrower, you may not be sure about the criteria used by hard money lenders to grant financing. Fortunately, a hard money lender tends to make fewer considerations compared to traditional lenders. Generally, hard money lenders… Read more »
Hard Money Loan: What to Avoid
Fix and flip loans are salvation to flippers, contractors, and developers. They are a quick source of money for renovations and construction. If you want the money to make turnarounds from when you buy a house, flip it, and sell it, you must avoid some common mistakes. These pitfalls are the reason why your application… Read more »
Using Hard Money to Flip Houses
There is a lot of money to be earned from flipping houses. However, buying a house and flipping it may cost you more than you expected. Hard money loans for real estate have been a savior for house flippers and real estate investors/developers. Private lenders offer bridge loans/hard money loans for real estate to those… Read more »
How Hard Money Loans Can Actually Help You Save Money
In America, the average person has about $38,000 of debt, not including mortgages. These loans are typically used for a wide range of purposes. And while some people may frown at debt, did you know there’s such a thing as good debt? That’s because debt can help you achieve your goals sooner rather than later… Read more »
How Can I Use a Hard Money Loan to Flip a House?
If you’re using a hard money loan to fund your house flipping venture, then you have come to the right place. The steps below outline how the process works so you can get a significant return on your investment on each and every deal. Research Available Properties The first step involves narrowing down a suitable… Read more »
What Do You Need for Private Lending?
Hard money loans and private lending facilities are a darling to most real estate investors. They are the quickest way to secure funds to finance the sweet fix and flip deals. Traditional mortgage lenders have a frustrating bureaucratic process before loan approval that can make you lose out on the property you like. Hard money… Read more »
Hard Money Loans: Who Needs Them and How They Can Be Beneficial
Investing in real estate can be an excellent way to generate wealth and increase your income sources. However, investing in real estate is often a risky venture, and it requires substantial financial muscle. As a result, many traditional banks are hesitant to lend money to real estate investors because of the potentially high risks. If… Read more »
6 Smart Exit Strategies to Present to Your Hard Money Lender
The average American has about $38,000 in debt, excluding mortgages. It is no surprise that more than a third of the population has bad credit ratings. Hard money lending provides easy access to cash for real estate investors to grow their portfolios, their credit scores notwithstanding. A traditional mortgage loan is often pegged with a… Read more »
Bad Credit Loans: 5 Tips for Fix-and-Flip Investments
Fix-and-flip investments are still viable ways of making money if done correctly. The average interest rate for hard money loans in Atlanta is about 13.3%. In this article, we’ll look at how to make the most of bad credit financing when flipping a house. Understanding the Costs of Flipping a House Before you can approach… Read more »