Discover the Financing Tool Better Known as Hard Money Lenders

hard money lenders

What is a hard money loan? The term “hard money” was first used in the 1950s for a loan based on property assets instead of credit. Essentially, this type of loan is a financing tool for real estate investors. There are many advantages with flexibility and speed being the top benefits. Are you a real…

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8 Important Considerations When Choosing Suitable Hard Money Lender

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Hard money loans are common in transactions that require quick turnaround time. One of the most common instances you might need a hard money lenders’ help is with a fix and flip purchase. Unlike commercial banks where loans are held for a long time, hard money lending involves few bureaucracies. In essence, hard money loan…

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A Guide to Help You When Selecting a Hard Money Lender

hard money lender

In the 1950s, the term “hard money” was coined to refer to loans based on property assets rather than credit. Usually, the lender is a private investor rather than a bank or other financial institution. These types of loans are the preferred financing option for house flippers or deals that are expected to yield returns…

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Why Private Loans Are Better than Bank Loans for Fix and Flip Deals

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Traditional lenders are typically cagey when it comes to lending for fix and flip properties. This is because the properties in question often require extensive remodeling and there’s no set time on when the project will be completed. The entire business model is a bit too speculative for their conservative tastes. Luckily, hard money lenders…

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The Financial Side of Fix and Flip

A brick building with two windows and some wood.

“Flipping” real estate has come into the popular lexicon due to reality television shows and investment seminars that make the process seem simple and easy. While it is possible to build a business out of fixing and flipping real estate, it does require an understanding of the financial side of these transactions. Because they approve…

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4 Steps To Flipping Property Successfully

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Fixing and flipping property is a great opportunity to make money in an exciting, fulfilling venture. But you need to follow some basic rules to make that venture successful, otherwise, you’ll see your investment flop. Follow these simple guidelines to make the most of your fix and flip investment property. 1. Know How Much You…

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Do You Need a Hard Money Loan or a Private Loan?

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If you’re looking to purchase a piece of real estate but need a loan to do so, you might have some questions about which financial route you should take. After all, there’s not just one kind of loan to choose from. Better yet, each kind of loan has its own pros and cons. The main…

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