Blog

Flipping real estate has become a very popular and profitable business. Thankfully, there are alternatives to bank loans, that allow real estate investors to purchase properties quickly and easily. One of the most popular options is a private money loan, also known as a hard money loan. Check out these quick facts about how a…

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…

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…

“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…

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…

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…

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…

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…

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 private…