I'm a realtor in Columbus, Ohio. I primarily work with investors. I see them fix and flip and profit. I have the quality contractors. I have the team to be able to support the buying and selling of the property. ...
I’m looking to become a hard money lender where do I start guys?
How does a hard money loan work?
Hello Biggerpockets,I have a good amount of capital that I was originally looking to put into fix and flips, but the market in New Jersey has proven difficult to penetrate and I have just started a business that is ta...
About to begin this process. It's an investment/rental property. Not my primary. Had to use hard money due to condition of the property. Rehab is almost complete and now looking to refi the condo. Would like general i...
Hello BP!I wonder if the following financing scheme is legal:An investor has an self-directed IRA that is more than enough to cover acquisition and rehab of a house.The IRA underwrites a 0% interest private mortgage (...
I am in escrow for a Triplex in Redondo Beach California. We are contingent on the sale of our current property ( Which we have an over ask offer for.) The Triplex needs a new roof (which we have asked for a credit fo...
I have noticed that the hard-money and private lenders want lots of personal information. I am not surprised that they want to know about credit, history, work, etc. in order to perform due diligence on making a loan...
Hello BP,What are the financial numbers or considerations for Hard Money Loans?What would it look like to offer 10% on a hard money loan for rehabing an apartment over 4 months? Do I pay back in payments? How do I ca...
Hey guys, Instead of creating a tradiional post, i decided to make a video message to try something new.https://youtu.be/vmt6VIMQ5ZgI'd like to hear your thoughts on becoming a hard lender vs staying a real estate inv...