When taking out a hard money loan, you’ll find that different lenders have different requirements. If you’re still a new borrower, you may not be sure about the criteria used by hard money lenders to grant financing. Fortunately, a hard money lender tends to make fewer considerations compared to traditional lenders. Generally, hard money lenders… Read more »
Fix and flip loans are salvation to flippers, contractors, and developers. They are a quick source of money for renovations and construction. If you want the money to make turnarounds from when you buy a house, flip it, and sell it, you must avoid some common mistakes. These pitfalls are the reason why your application… Read more »
There is a lot of money to be earned from flipping houses. However, buying a house and flipping it may cost you more than you expected. Hard money loans for real estate have been a savior for house flippers and real estate investors/developers. Private lenders offer bridge loans/hard money loans for real estate to those… Read more »
In America, the average person has about $38,000 of debt, not including mortgages. These loans are typically used for a wide range of purposes. And while some people may frown at debt, did you know there’s such a thing as good debt? That’s because debt can help you achieve your goals sooner rather than later… Read more »
If you’re using a hard money loan to fund your house flipping venture, then you have come to the right place. The steps below outline how the process works so you can get a significant return on your investment on each and every deal. Research Available Properties The first step involves narrowing down a suitable… Read more »
Hard money loans and private lending facilities are a darling to most real estate investors. They are the quickest way to secure funds to finance the sweet fix and flip deals. Traditional mortgage lenders have a frustrating bureaucratic process before loan approval that can make you lose out on the property you like. Hard money… Read more »
Investing in real estate can be an excellent way to generate wealth and increase your income sources. However, investing in real estate is often a risky venture, and it requires substantial financial muscle. As a result, many traditional banks are hesitant to lend money to real estate investors because of the potentially high risks. If… Read more »
The average American has about $38,000 in debt, excluding mortgages. It is no surprise that more than a third of the population has bad credit ratings. Hard money lending provides easy access to cash for real estate investors to grow their portfolios, their credit scores notwithstanding. A traditional mortgage loan is often pegged with a… Read more »
Fix-and-flip investments are still viable ways of making money if done correctly. The average interest rate for hard money loans in Atlanta is about 13.3%. In this article, we’ll look at how to make the most of bad credit financing when flipping a house. Understanding the Costs of Flipping a House Before you can approach… Read more »
Investing in real estate can be a profitable venture. However, this can also be a markedly expensive one, especially when you need to finance this purchase upfront. Fortunately, there are avenues that can help. Investors can rely on hard money loans for the specific purpose of getting a favorable loan quickly. In fact, investors in… Read more »