You can get a fix-and-flip loan with no credit check and no proof of income. Indeed, you may be eligible for up to 90% of the purchase price and 100% of the renovation costs. Let’s take a look at fix-and-flip loans. What are Fix and Flip Loans Fix and flip loans are short-term real estate… Read more »
Real Estate Investor Financing
A hard money loan is considered a special type of loan that is specifically related to real estate. These loans are from a private lender and are usually backed by property. These types of loans differ from traditional lender options in that they are not provided by traditional lenders. In addition, these loans often have… Read more »
What Are Hard Money Land Loans?
Hard money land loans are also referred to as private money land loans. They are a way a person can get funding to purchase vacant land. These loans are an alternative to traditional loan sources, which are often difficult to get for vacant land. Let’s learn more about these loans. How Can Hard Money Land… Read more »
The Biggest Home Flipping Mistakes to Avoid
House flipping can be a very lucrative business. Nevertheless, the business is not a walk in the park. It requires hard work to continuously search for suitable properties, upgrade them, and look for buyers. House flipping also has significant financial requirements. Many home flippers, especially beginners, make many mistakes that jeopardize their business. If you… Read more »
How to Get Hard Money Loans in 7 Easy Steps
Hard money loans for real estate deliver the funding you need to purchase property. While hard money loans are not right for everyone, they can be a life-saver in the right situation. How do you get a hard money loan? Follow these seven easy steps to find the money that you need. Step 1. A… Read more »
How Do You Refinance a Hard Money Loan?
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 »
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 »
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 »