Among the many financial products, hard money loans are some of the most misunderstood. But there is no reason to allow mistruths and myths to continue about hard money loans. Yes, hard money loans can be more costly than other collateralized products (like traditional mortgages or home equity loans). But the reality is hard money… Read more »
Tips to Save Money On Your Next House Flip
Real estate has continued to be a great form of investment for a long time. One strategy to follow when looking to invest in real estate is to “flip” an investment property by purchasing it at a discount, investing capital to make improvements, and then selling it for a profit. There are several tips that… Read more »
What You Need to Know Before Applying for a Hard Money Loan
So you’ve been rejected for a traditional real estate loan. It’s understandable if you’re devastated at first. But you don’t have time to linger over that feeling. You need to start looking for alternatives, and ideally as quickly as possible. The main alternative that you may be considering is a hard money loan. Private money… Read more »
5 Common Questions About Hard Money Loans
If you’re an aspiring real estate investor, chances are that you’ve heard of private lending and hard money loans. There are a lot of reasons why real estate investors are typically advised to seek these types of mortgage loans over others, especially when they’re just starting out. While traditional mortgage loans may have their appeal,… Read more »
What Is Hard Money Lending and Is It Right for You?
According to the 2018 Planning and Progress Study by Northwestern Mutual, the average American has about $38,000 of debt, excluding mortgages. It comes as no surprise that 68% of the population has bad credit ratings. Access to traditional loan options is now harder than ever before. More real estate investors are turning toward hard money… Read more »
Fix-and-Flip Real Estate Investments and Hard Money Loans Post Lockdown
Statistics show the lockdown has had a devastating impact on the real estate sector. But that should not discourage fix-and-flip investors. A rise in work-from-home has seen a sharp increase in the demand for homes in suburban areas. This means that there are still a lot of opportunities that investors can capitalize on. However, it… Read more »
5 Tips On Finding a Good Hard Money Lender
Being denied traditional mortgage loans can be devastating. However, it’s happening more often than you might think. Ever since the 2008 financial crisis, traditional financial institutions have become more selective in their scrutinization of new borrowers. While it’s understandable that mortgage lenders may have concerns about the credit histories of borrowers, this can make getting… Read more »
What You Need To Know About Flipping Homes In Atlanta
So you want to flip houses in Atlanta. There is a lot of opportunity within the market right now. Atlanta has a lot of up-and-coming neighborhoods and economic development within the city is attracting outsiders in need of a home. At the same time, there are a number of different properties in Atlanta that offer… Read more »
3 Things House Flippers Should Know About Hard Money Loans
So you want to flip a house. There are a lot of reasons why house flipping is currently appealing to a lot of young, would-be business people. For one thing, there are a lot of houses currently entering the market. Due to the economic hardship currently occurring, many houses are being foreclosed upon, which results… Read more »
Why Don’t I Qualify For a Conventional Mortgage Loan?
Owning a home is undoubtedly part of the American Dream. But for many people living in the U.S., becoming a homeowner may seem like an impossible feat. With real estate prices continuing on an upward trajectory and many Americans finding themselves facing massive debts, low wages, and the increased costs of living, you may think… Read more »