Being denied traditional mortgage loans can be devastating. However, it’s happening more often than you might think. Ever since the 2008 financial crisis, traditional financial institutions have become more selective in their scrutinization of new borrowers. While it’s understandable that mortgage lenders may have concerns about the credit histories of borrowers, this can make getting… Read more »
6 Financial Mistakes to Avoid With Hard Money Loans
Hard money loans are attractive alternatives to traditional mortgage banks. They offer real estate investors fast access to funds to finance their deal. Hard money lenders offer greater flexibility with quick and less stringent approval processes. However, taking on a hard money loan without proper risk assessment may prove costly in the long run. As… Read more »
A Hard Money Loan: 7 Tips to Choosing the Right Private Lender in Atlanta, GA
The U.S. home market increased by 6.2% to stand at a $33.3 trillion valuation in 2018. The real estate market has recovered from the 2011 slump that valued the industry at $10.8 trillion. With the market still on the rise, more companies and individuals are swooping in for deals. It’s essential for you as an… Read more »
Common Mistakes First Time Flippers Make and How to Avoid Them
Reality shows make house flipping look easy. They look at a few fixer uppers, pick out some flooring, and 30 minutes later they’ve sold a home for a huge profit. However, a lot more goes into flipping a house than what you see on television. And new flippers tend to make mistakes. Here’s what they… Read more »
How to Make the Most of Hard Money Interest Rates
There are many reasons why a real estate investor would choose to get financing from a hard money lender. The process of approval takes virtually no time if you compare it to conventional lending. It often takes one to three days, and if delayed, never longer than one week. It takes traditional lending institutions like… Read more »
4 Top Tips to Help You Build Trust with Hard Money Lenders
According to a 2018 planning and progress study conducted by Northwestern Mutual, the average American has debts that amount to about $38,000 without counting mortgage. This figure is $1,000 higher than the previous year. Most people earn just enough to pay off their mortgage and cater to the bills. To afford other things, one must… Read more »
Hard Money Loans: 3 Things to Ask Your Lender
Are you aware that in Q1 of 2019, close to 50,000 houses were flipped? During the past few years, the percentage of flipped houses that have been turned into home sales has been gradually increasing. Also, the average gross profit for every house flipped has from $60,000 to highs of $68,000 in different periods. As… Read more »
3 Factors to Consider When Working With a Hard Money Lender
Statistics show that the average American has $38,000 worth of debt. This number does not include mortgages, which would make it much higher. It comes as no surprise that most people are turning to hard money lenders in Georgia for credit. A hard money loan is a secured type of funding in which the borrower… Read more »
4 Qualities of a Hard Money Loan Lender
Working in the real estate industry can be both exciting and frustrating. Branching out on your own property fix and flip business can either be profitable or disheartening if you don’t find the right lender. Obtaining a bank loan can take weeks and even after that time, approval may not happen. In the case of… Read more »
3 Reasons Why Obtaining Hard Money Loans Through Private Lending Could Be Right For You
Private lending is a viable option for anyone who cannot obtain loans through traditional banks because of restrictive requirements. These restrictions often include factors such as bad credit or a short time frame. A popular form of private lending for real estate purposes, hard money loans typically last between one and five years and have… Read more »