How do I go about vetting a local hard money lender? I want to be fair and pay the lender for their services, however I want to ensure my assets are protected.
Hi all. New member here to BP. So I found a deal on a Single Family Residence. Its selling for 120K after estimated closing costs, cash only, in a neighborhood that is valued at lowest price 250k. Needs work roughly 3...
I need a hard money lender to fund my house but I have no money down what should I do?
and wondering if I should rent until things improve? My homes are in a lower class price range($54,900) and go almost completely unshown. I have them priced well below value(where it should be anyway) and they are nea...
I would like to get my feet wet with lending. There is at least one investor in my local REIC that I can start with. He has a deal right now in fact, but I find myself a little scared. I know I need a good, iron cla...
I will be moving to Utah in two weeks to help start and run a Hard Money Lending company for my uncle. He has the business setup has done roughly 10 deals and wants to teach me the business. I’ve listened to every big...
What is the process like for refinancing a hard money loan into a conventional loan? Is it easy to accomplish within a short period of time like within a couple months?
Hello BP people! I am wondering what are some good questions to ask and things to look for when interviewing a hard money lender?
Just wondering, is it possible to refinance a hard money loan? If so, what institutions would do so. I have read that hard money is not a long term finance strategy, so what is the next step once time runs out?