Hard Money Bankers - Everyone Needs Money
Thursday, October 18
Hard money is not just for people that don't have a lot of money. The most experienced and liquid investors reach out for hard money because when someone is trying to scale their business, they have to stay liquid and have the ability to grow. When hard money is used to scale a business, it is ...
Hard Money - 'Junk Fees'
Wednesday, October 17
A lot of people are aware of the cost of a loan but there are also what are termed ' Junk Fees'. These are fees beyond the points and usually are on the HUD. Some lenders like to boast a very low interest rate and then add extremely large junk fees on at the table. Most hard money loans cost ro...
Hard Money Bankers - Not A Top Because Everyone Says It's A Top
Tuesday, October 16
One thing that cycles have revealed to us is that they are designed to catch people by surprise. It is not hard science and I am not quite sure how to quantify it, but right now doesn't quite feel like the exact top of this real estate cycle because so many people are saying 'This is the top'. ...
1st Rule of Real Estate
Friday, October 12
Real estate investing can come with a lot of glitz and glam when someone first steps into the arena. There are so many shiny objects that float by everyone's eyes and it is hard not to be distracted by why someone really is there. Real estate investing is about making money. In order to do this, ...
Hard Money - Early Termination - How It Works
Thursday, October 11
When a lender puts money to work by lending it to a client, they are looking to have the money deployed for a period of time. Each company is different in how they stress this. Some companies issue a penalty if you close a loan before a certain period of time and some just require that it remai...
Hard Money - Speed Is Key
Tuesday, October 09
Hard money is not normally what an investor would use if they are looking for the cheapest financial option they can find. Investors tend to use hard money because the ease of access and the speed of money. A lender should be able to underwrite and close a deal within 24 hours. If they don't h...