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After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:
Are you a direct len...
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So we all know what a hard money lender is. But the question I have is how do you become one? Does it require any sort of state or federal accreditation? Do you need to have a certain amount of start up working capita...
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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. ...
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I’m looking to become a hard money lender where do I start guys?
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How does a hard money loan work?
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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...
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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...
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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...
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I am not looking to start my own business in hard money lending, im wondering if there are any companies that work with investors such as myself? I have heard there are companies that allow you to diversify across mul...
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We've completed 1 flip to date using our own funds but for our next project we'd like to use third party financing. Unfortunately, traditional banks or credit unions won't consider us because we don't have any income...