Hard Money Loans: 6 Simple Steps to Get Funded

By | November 8th, 2016|Hard Money Lending|

Hard Money Loans: 6 Simple Steps to Get Funded Requesting a hard money loan for the first time can [...]

Comments Off on Hard Money Loans: 6 Simple Steps to Get Funded

10 Questions You Must Ask a Hard Money Lender When Applying for a Loan

By | August 16th, 2016|Hard Money Lending|

10 Questions You Must Ask a Hard Money Lender When Applying for a Loan New hard money borrowers may [...]

Comments Off on 10 Questions You Must Ask a Hard Money Lender When Applying for a Loan

5 Hard Money Loan Exit Strategies

By | July 5th, 2016|Hard Money Lending|

5 Hard Money Loan Exit Strategies Hard money loans for real estate investors and property owners are an important [...]

Comments Off on 5 Hard Money Loan Exit Strategies

Hard Money Loan Requirements

By | June 9th, 2016|Hard Money Lending|

3 Main Hard Money Loan Requirements Many borrowers who haven't previously used hard money are unclear about what is [...]

Comments Off on Hard Money Loan Requirements

Top 3 Advantages and Disadvantages of Hard Money Loans

By | April 20th, 2016|Hard Money Lending|

Top 3 Advantages and Disadvantages of Hard Money Loans A hard money loan is a specialized financing tool that [...]

Comments Off on Top 3 Advantages and Disadvantages of Hard Money Loans

3 Reasons Your Hard Money Loan Request Will Be Denied

By | January 12th, 2016|Hard Money Lending|

3 Reasons Your Hard Money Loan Request Will Be Denied Hard money loans are fairly easy to obtain, especially [...]

Comments Off on 3 Reasons Your Hard Money Loan Request Will Be Denied

The Beginner’s Guide to Hard Money Loans

By | November 2nd, 2015|Hard Money Lending|

The Beginner’s Guide to Hard Money Loans Experienced real estate investors use hard money loans (private money loans) repeatedly throughout their career, but new investors don’t always have a clear idea of exactly what they are and how they work. They may think hard money loans involve working with lenders who look like they have mafia connections, do business in dark alleys and charge exorbitant interest rates and points. In the past, a few unscrupulous lenders gave the hard money lending industry a bad name when they funded extremely risky loans with real estate as collateral with the intention of foreclosing on the properties. Thankfully, these types of lenders no longer exist in the current hard money lending industry, but some stigma may remain for novice real estate investors who haven’t worked with a reputable hard money lender. This guide will cover the fundamentals of hard money loans including when a hard money loan should be used, common loan to value (LTV) ratios and loan terms, what a borrower needs to obtain a hard money loan and how to find a local hard money lender. What is a hard money loan? […]

Comments Off on The Beginner’s Guide to Hard Money Loans

3 Reasons Hard Money Lenders Hate to Hear “I Need 100% Financing”

By | November 2nd, 2015|Hard Money Lending|

3 Reasons Hard Money Lenders Hate to Hear “I Need 100% Financing” When a new prospective borrower states they need 100% financing the lender will instantly be reluctant to provide financing. This simple statement tells a great deal about the borrower and asks too much of the lender. 1. The borrower is likely not financially strong When a hard money borrower needs 100% financing this immediately calls into question the overall financial strength of the borrower. With little cash to commit to the project will the borrower be able to make payments on the loan? Do they have cash reserves set aside to deal with any unforeseen issues that may arise with the project? The last thing a lender wants to do is loan money out to a borrower who isn’t going to be able to pay it back on time. […]

Comments Off on 3 Reasons Hard Money Lenders Hate to Hear “I Need 100% Financing”

What is a Bridge Loan?

By | August 21st, 2015|Hard Money Lending|

What is a Bridge Loan? What is a bridge loan? A bridge loan is a type of short-term loan which is used until long term financing can be put into place. The bridge loan is intended to bridge the gap between one type of financing and another. Bridge loans are used when a property owner wishes to purchase a new property but doesn’t have enough down payment in order to obtain financing for the new purchase. The property owner can use a bridge loan to borrow against the equity in their current home for the purchase of their new home. Once the purchase of the new home is completed, the previous home can then be sold in order to pay off the bridge loan. […]

Comments Off on What is a Bridge Loan?

5 Major Mistakes to Avoid When Flipping Houses

By | August 17th, 2015|Hard Money Lending|

5 Major Mistakes to Avoid When Flipping Houses Flipping houses continues to grow in popularity as the real estate market remains strong and cable TV shows follow house flippers making huge profits from purchasing, rehabbing and selling flipped houses. While flipping homes is usually made to look fairly easy on TV (with the exception of a few hiccups here and there for dramatic effect) there are numerous pitfalls which can eat up the real estate investor’s profit quickly and even lead to large losses. Make sure to avoid these house flipping mistakes. […]

Comments Off on 5 Major Mistakes to Avoid When Flipping Houses