Hi Everyone. I'm a newbie with a question that I've been grappling with. I've got the feeling that that there is a distinction between hard money lenders and private money lenders. But I can't seem to put my...
I often encounter misconceptions about our industry. Today, I'd like to shed light on the nuances of hard money lending and why it could be an invaluable tool in your real estate investing journey.
At its core, hard ...
Understanding the Key Differences Between Private and Hard Money: Pros, Cons, and When to Use Each
I have struggled with this for awhile and would like to hear from you! Residential and Commercial are such defined silos in real estate. Multi fam seems to just get thrown into the commercial area because they are lar...
Hard Money: What's covered by what?
In trying to figure out what loan is covered by what law, people will ask, "is it a one to four family residence?" Or, "is it owner occupied?" Is it commercial property?
Do...
Can you use private lenders for rental use or is that only for flipping?
To end the confusion once and for all we need to put a cold hard stop to using the terms of hard money and hard money lenders. Private Money can be lent by individuals and institutions. The hard money industry was the...
I have the impression that portfolio lenders give loans based on the performance of the properties. While I was speaking with my personal bank, they said they could offer better rates in the form of a traditional mort...
What is the difference between private and hard money lending. Are there any private and hard money lenders in the Richmond area.
I currently fund my California fix and flips with a mixture of Hard Money and Private Money. I create a promissory note for the PM and record it as a second lien against the property.
With the current requirement in...