HOW PRIVATE MONEY LOANS ARE STRUCTURED
Friday, March 22
There is structure to how are broken down. This concerns your money and it is wise to understand exactly how the private money loan is broken down.Sometimes when a borrower doesn’t have the money that is required for upfront fees the money can be wrapped into the total loan amount. The easiest w...
WHERE CAN YOU FIND PRIVATE MONEY LENDERS
Friday, March 22
You’ve found the property you want to rehab. Now, where do you find the investors to give you the money?You’ve got your ducks in a row, but the final and most important part of the deal is finding an investor to loan you the money to fix and flip this property. There are three key areas where you...
TIRED OF BEING DENIED A BANK LOAN?
Friday, March 22
If you have tried to be approved by a bank, but keep getting denied—what can you do?Are you ready to get out there and crush it in the real estate game? The first thing you must do is be approved for the financing of your project. Your creditworthiness may be enough for financing, but it may not ...
THE BEST LOANS FOR HOUSE FLIPPING
Friday, March 22
Hard money loans and bank loans are the most common financing when it comes to real estate. But, what is the ?Depending on how many properties you are working with at a particular time will navigate what type of financing is necessary. Initially, new investors go to banks for financing. Typically...
WHO SHOULD USE HARD MONEY?
Friday, March 22
People often associate with being hard to get. However, the “hard” relates to the hard asset that is used to secure the loan.The hard asset that is used to secure the loan is used in place of the borrower’s credit score or income—this is what traditional lenders use to determine a borrower’s eli...
THE BASICS OF HARD MONEY LENDING
Friday, March 22
An investor can . There are potential investors that are uncomfortable with using hard money because of the higher interest rates. However, understanding the benefits of hard money can easily rid a borrower of that concern.Firstly, ? Hard money is money that an investor is lending in order for a ...