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I am looking into getting a hard money loan..I want to use my Paid off home for collateral. I'm looking for only less then 20% of the value of my home..Credit is terrible that is why I'm thinking of going this route I...
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I keep hearing that hard money loans are available and FREE (no up front costs), is this true? I have contacted about 5 HML lenders and havent heard anything from four of them and one that said he needed to talk to hi...
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I would like to know if my understanding of hard money loans is correct. Based upon the definition of a hard money loans from wikipedia, it is a loan that is secured by the real estate and not the person borrowing the...
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hey all, as a new investor i have been reading up onbhard money loans so i figured i would ask on here if any one could break it down in lay mans terms for me please. I am especially interested in any costs that may b...
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As a new investor what Information is needed on calculating holding cost for hard money loan s?
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I have been approached by a Realtor whom I know fairly well asking for me to do a hard money loan for a client of hers. Apparently the client is successful and fairly savvy. He and his wife run some successful str's...
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Hey, BP land, I have a quick question for you all. I have a friend who sold his mobile home park so he could retire. He wants to make a little more on his money than a CD will provide. I'm looking to scale my busines...
How do I approach hard money lenders. With a project.
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Hello All,I have a best friend who buys and flips homes. He usually uses hard money loans for the projects.He currently want to purchase a complete gut home and we were talking about me possibly lending him the cash f...
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Starting journey and have posted about this topic before. Will be going the route of using a hard money loan to finance first flip. Wanting to know some pros and cons of going this route and experiences. What is worse...