Hard money loans are used by real estate investors and developers who want to scale their businesses. Unfortunately, some lending companies use aggressive tactics and unfair terms, so beginner investors are often scared to take out a loan. Today, we’ll discuss the characteristics of quality hard money lenders, so you can avoid predatory companies and find the best options in your area. Characteristics of Quality Hard Money Lenders Fixing and flipping houses can be extremely lucrative. Investors often make a

Hard money loans are different to traditional mortgages because they are designed to be repaid typically in less than 18 months. If you’re a property developer or an investor who rehabilitates homes and then sells them for a profit, hard money lending could be right for you. But what are the eligibility criteria? Do you need a certain credit score to qualify? Hard Money Lending: Do You Need a Certain Credit Score to Get a Loan? An individual’s FICO score

Individual investors and small real estate businesses sometimes use bridge loans when they need short-term financing. These loans are approved much faster than traditional loans, so investors don’t have to delay their property purchase. Because a bridge loan is only used for a short time, borrowers pay very little interest overall. Read on to find out more about this financial product and whether you’re eligible. What Are Bridge Loans, and When Are They Used? A bridge loan is a short-term

In the past few decades, thousands of people have secured their future with short-term property investments. You can make a 10-20% profit within six months to a year by buying a distressed or run-down home, doing it up, and selling it for a higher price. To get started, you’ll need financing. Fix-and-flip loans are often best because they are made specifically for short-term investors. These loans are secured by your property, so you can access them even if your FICO

Do you think you could benefit from getting a fix-and-flip loan? Do you need a new construction loan? Are you frustrated by the lack of options offered by financial institutions? If so, you may need to go to a private money lender for a loan. If you’re on the fence about going through a private lender, keep reading to discover the answers to some of the most frequently asked questions in the industry. 6 Advantages of Going to a Private

When you flip a home or you develop and build a new house, you can accelerate your project by taking out a loan from a hard money lender. This is different from a mortgage because it doesn’t last for more than a year or 18 months, and it can include the costs of building and renovation as well as the price of the property or land. To get started, you will need to find the best hard money lender near

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

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

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,