Do you know what Hard Money Lenders look for when loaning money?

     Wad up , Do you know what hard money lenders look for when loaning money? Well today, I'm going to a house to see if this is something my hard money lender, Mike Krumbein, will be interested in doing. As real estate investors matriculate in the business, there comes a time when they want to get their money working for them in several different ways. In the past, I did loans before the crash, but I've decided to get back into the lending game. Let' see if this is a good deal to finance! 

     Ride along w/ me to walk this house and go over the scope of the repairs with this Hampton Roads real estate investor and broker, Bennie Miller. We'll go over the repairs to see if his numbers match ours and then Mike and I will go over whether we want to loan the money for the deal or not. I'll put up some of the money and Mike will put up a portion of the loan to finance this renovation IF the numbers make sense. It's my job to hedge against the market to make sure we can get our money back if/when the deal goes bad. Every time we do a loan, the number 1 question we must as ourselves is "Am I willing to take this house back?!" Today you'll get me and Mike's view point on the house and the scope of work along w/ my boy Charles Barnhill. You must know what hard money lenders are looking for so you can meet their criteria IF you want to use THEIR money. Enjoy the ride and let me know if I can help you in any way at [email protected]