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 »
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 »
Become a Savvy House Flipper By Following These Tips
Have you thought about becoming a house flipper? There are plenty of houses for sale that could help you turn a decent profit. However, flipping houses takes some knowledge, hard work, research, and patience. Becoming a house flipper is entirely dependent upon your skills when it comes to many things, especially obtaining the hard money… Read more »
What is a Purchase Money Loan and Is It Right For Me?
Purchase money loans can be the solution that you have been searching for when traditional mortgage loans are not the right answer. Private lending can help to put the cash in your pocket that you need to buy that property you have your eye on. Purchase money loans come with the advantage of quick… Read more »
6 Financial Mistakes to Avoid With Hard Money Loans
Hard money loans are attractive alternatives to traditional mortgage banks. They offer real estate investors fast access to funds to finance their deal. Hard money lenders offer greater flexibility with quick and less stringent approval processes. However, taking on a hard money loan without proper risk assessment may prove costly in the long run. As… Read more »
7 Must-Know Facts about Hard Money Lending
The hard money loans industry dates back to the 1950s when the U.S. economy experienced an overhaul in the consumption of loans. Several decades down the line, the industry has grown to be what it is today. Currently, Atlanta has approximately 50 private lenders operating within the city. The rapid increase in the number… Read more »