Hard Money - Buy And Hold
Monday, September 17
Hard money is normally a short term lending product so it fits flipping houses very well. It can also fit buy and hold properties as well as a cash out refinance. It is not intended to be the final loan on a rental property but it can be used to acquire the property and fix it up before the cli...
Ian Walsh Presentation - C21
Friday, September 14
Ian Walsh was invited to do a presentation for a Century 21 brokerage in Wayne Pennsylvania on hard money. Listen to this information as there is a lot more in there than the basics. Ian discusses how and where to start in this business along with what any investor of any kind can do to improve...
Hard Money Bankers - Cross Collateral And How To Use It
Thursday, September 13
Sometimes investors will need hard money to buy a deal but not have the liquidity or 'cash to close' needed to make it happen. One strong option for an investor that owns properties free and clear, is to use them to offset the cash to close. It is very rare to see 'no money down' hard money in t...
Hard Money Bankers - Evaluating A Deal
Wednesday, September 12
It is amazing how much can be said with out having a conversation with someone. When we underwrite and evaluate a deal, the first thing we look at are the acquisition costs, construction numbers and address of the property. Within these 3 items, we can tell a lot about the deal, the borrower an...
Hard Money Bankers - Wholesaling Peaks And Valleys
Tuesday, September 11
Wholesaling is said to be the same a Realtor with out a license. It actually is not the same as the way the transaction takes place is very different, but from the the 1000 foot view, it can feel similar. With that said, many wholesalers have the same issues that Realtors do. When it's hot, it'...
Hard Money Bankers - Price Shopping Lenders
Monday, September 10
When searching for short term money, the price of the money is not actually as important as people think. Usually the money runs between 1-1.5% per month depending on the company. This is usually the difference of a few hundred dollars depending on where you go. What is more important is makin...