Posts by Jay Green
Hard Money Lender: Guide: Selecting a Hard Money Loan From A Trusted 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…
Read MoreFix and Flip Loans: Why Private Loans Are Better than Bank Loans for Fix and Flip
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 Loan…
Read MoreFix and Flip Loans: The Financial Side of Fix and Flip
“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…
Read MoreFix and Flip Loan: 4 Steps To Flipping Property Successfully
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…
Read MoreDo You Need A Hard Money Loan?
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…
Read MorePrivate Money Lenders: Private Money Lending: What It Is and How It Works
Across America in 2017, only 40% of business owners applied for a loan. This number is down from the previous year when an estimated 45% applied for a loan. This information from the Federal Reserve shows that fewer are applying for the loans their company needs, however, loan programs have proven to be a good…
Read MoreHow Do Private Lenders Differ?
You may think that all private mortgage (hard money) lenders are the same, but they as similar as comparing one restaurant to another. There are two primary factors that make private mortgage lenders different from one another. The first difference is the types of loans they arrange and the second is whether they are a…
Read MoreHard Money Lending Terms: Things to Know before Taking a Hard Money Loan
Getting a bank loan today has become hard, especially if you have bad credit. Yes, you might get the loan, but the deal will not be as good. At the end of the day, you might find that you owe more in high-interest rates or have to pay a higher premium. This might cause you…
Read MorePrivate Loan: What Is The Difference Between Private Money And Hard Money
With over 25 years of private mortgage “Hard Money” loan origination experience, I believe I am well qualified to answer this question. The terms Private Money and Hard Money are synonymous and there is no difference between the two. The term Private Money has become more widely used over the last 20 years. I think…
Read MoreHOW TO FIND PROPERTIES IN SOUTHERN CALIFORNIA TO FLIP
One of the questions that people often ask me is how does one find a good property in Southern California to “flip”? There are actually about 60 specific ways to locate a property that can be purchased, rehabbed (repaired) and resold for a profit – “flipped”. As a full-time investor “flipper” I have flipped hundreds…
Read More