According to a 2018 planning and progress study conducted by Northwestern Mutual, the average American has debts that amount to about $38,000 without counting mortgage. This figure is $1,000 higher than the previous year. Most people earn just enough to pay off their mortgage and cater to the bills. To afford other things, one must… Read more »
Mainstream banks impose very stringent requirements for anyone applying for a personal loan. Credit history tends to be the main let-down for the majority of bank loan applicants since the majority of financing institutions require a flawless credit history. The implication is that a late payment on a past loan can be sufficient grounds to… Read more »
Private lending is a business model in which one company lends money to people and other companies that are having trouble getting their loan requests approved by conventional loaning services. Recent studies have shown that more than 80% of businesses that fail to get a loan are denied because of inconsistencies in their cash flow…. Read more »
Are you aware that in Q1 of 2019, close to 50,000 houses were flipped? During the past few years, the percentage of flipped houses that have been turned into home sales has been gradually increasing. Also, the average gross profit for every house flipped has from $60,000 to highs of $68,000 in different periods. As… Read more »
In some respects, bank loans are similar to hard money loans. They both require a willing lender who takes a security interest in collateral to fund the loan. Both loans must be repaid to release the security interest and retain ownership of the collateral property. However, in other respects, hard money loans are very different… Read more »
Maybe you found the perfect house to flip, but you’ve gotta act fast to put your bid in. Maybe you’re on a tight deadline and you know the bank won’t be fast enough. Or maybe your credit just isn’t quite what it should be at the moment and you need a speedy alternative to traditional… Read more »
Hard money loans have certain characteristics that make them suitable for investors and businesses. They are flexible and are offered by individuals, private lenders, and some financial institutions. One advantage is that they typically take a short time to process. In some cases, it can take as little as a week to get approved. With… Read more »
House flipping is the practice of buying homes, usually at auction, with the purpose of reselling them at a profit. Real estate investors of all kinds make a lot of money doing this, and with the right knowledge, you can, too. But that doesn’t mean flipping a home is easy. Keep reading to learn about… Read more »
What is hard money lending? You may have heard this term, but not know exactly what it means. Hard money lenders in Georgia provide loans in cases where traditional mortgage loans are not an option. This might be because the borrower has trouble finding a line of credit or because the borrower needs the money… Read more »
Statistics show that the average American has $38,000 worth of debt. This number does not include mortgages, which would make it much higher. It comes as no surprise that most people are turning to hard money lenders in Georgia for credit. A hard money loan is a secured type of funding in which the borrower… Read more »