I am sure I can find some info on this somewhere but in the meantime -- can someone explain the basics of a hard money loan and how you secure the property? Do you get the down payment through the hard money lender? ...

Do you need a significant amount of money in the bank to get a hard money?

I purchased a property for flipping using my real estate LLC. The hard money loan I used covers the acquisition and renovation of the property. Its a interest only loan and is valid for 12 months. The property hasn't ...

Every HML will work somewhat different but I will let you know the standard flow:
1) Get pre-approved with an HML - This should be free. DO NOT PAY AN APPLICATION FEE. This is a sign of a possible scam.
2) Look for ...

Hi Everyone,

Quick couple of questions:
1. If you borrow hard money, how soon can you refinance?
2. Does the answer to the question above apply to a personal home loan?
Thank you!

Hey! Currently working on 2 projects that I could either brrrr or flip. I purchased both homes using a hard money lender. What are my options of getting out of the hard money loan if I wanted to keep the home, that wo...

I've been considering buying a multi family at an auction. This is the scenario I would like to know if it would work:I am able to buy a 2 family at auction for let's say 300K. I am able to find a hard money lender wi...

What a basic question. I'm doing 2015 taxes before the deadline.Purchased a flip in 2015 and got a hard money loan and sold it in 2016. Since it wasn't sold until 2016 it's not reported on 2015 tax filings.   My quest...

I am desperate to receive help since we suppose to close on a cash transaction deal today and the IRS has frozen the account. I am trying to work with a hard money lender but the main issue is the association doesn't ...

Hello Everyone,Just wanted to write this post to uncover an option to take out a hard money loan that won't offer an extension or you decide to keep the flip and turn into a buy and hold.Not all hard money lenders off...