Resources
Learn more about hard money lending and real estate investing. See how we can help finance your next real estate investment.
What Are the Requirements for Getting a Hard Money Loan?
A hard money loan is an excellent way for real estate investors to finance an investment regardless of whether the plan is to build or flip a property. Among the benefits of this type of loan are security, flexibility, and speed. To help you decide whether this type of loan is right for you, today, we’re taking a look at the requirements for a hard money loan. What Are the Requirements for a Hard Money Loan? Cash Requirements One of
8 Questions to Ask Your Hard Money Lender
A hard money loan is backed by an asset, such as a house or apartment, and it is usually taken out for a short amount of time. For example, you might need a fix-and-flip loan for six to twelve months while you’re doing up a property that you want to sell, or you might need a new construction loan to build a single or multi-family home. If you want to become a successful property investor, working with good hard money
Fix and Flip Loans: How Do They Work?
There are several ways of investing in real estate. If you want to make a profit quickly, flipping homes could be the best choice. You buy a distressed property, renovate it, and then sell it for 15-20% more. There are fix and flip loans that can help you finance your purchase. They are designed specifically for people who flip properties, so they cover not only the price of the home, but also the renovation costs. The application process is easy,
What to expect as we roll into Summer
I would have hated to start my real estate investing career in early 2020. But if you’re reading this it’s because you made it through and you continue to plug along and are smartly seeking knowledge from other informed investors. So what should you expect the remainder of 2021? In our opinion, really good things. For fix and flip investors, the mortgage forbearance is starting to end throughout most of the country. Which means there are going to be millions
Is Getting a Real Estate License Worth It?
Let’s first deal with some of the Pros Pro – If you have your license you can earn some commission money on the way in and thereby infuse money into your project. Absolutely true. Pro – You can leverage a better sale price by waiving your commission on the way in. Again, absolutely true. Pro – You can find deals through your real estate license activity. In order to find deals you need to run a real estate agent business
Do’s and don’ts of choosing a hard money lender
So clearly your cost for cash is important. You would be foolish to award your business to a lender with higher than typical interest rates and origination points, but because hard money is short term, pricing shouldn’t be your primary motivation. Your primary concern should always be to get to closing; and, to get to closing as expediently as possible. A denied loan in the eleventh hour leads to bad relationships, potentially lost deposit, and potentially lost revenue. Same results
