In the U.S., an average citizen is approximately $38, 000 debt–and that is excluding their mortgage. Such levels of debt have become limiting factors for individuals looking to invest in real estate and property flipping. Remember, having a bad credit score can make it hard to get a mortgage from a bank. Additionally, traditional… Read more »
Property flipping — more commonly referred to as house flipping — can be an exciting, engaging way to make money in real estate. However, there’s a catch: you’ve got to do it right to reliably turn a profit. And most people who try to flip houses for a living make a lot of costly mistakes… 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 »
Hard money loans are a specific type of loan that you cannot get through a bank or other normal financial institution. They are usually provided through a private lender and are often used for real estate purposes with a high turnaround rate. They might also be considered “fix and flip loans” or even mortgage loans,… Read more »
Life is full of surprises, and you may find yourself in urgent need of fast cash when you least expect it. The traditional lenders may also fail to approve a loan for you due to bad credit, poor assets, and similar reasons. Either way, in this age of limitless opportunities, you can often approach a… Read more »
Working in the real estate industry can be both exciting and frustrating. Branching out on your own property fix and flip business can either be profitable or disheartening if you don’t find the right lender. Obtaining a bank loan can take weeks and even after that time, approval may not happen. In the case of… Read more »
Do you struggle with debt? You’re not alone. The average American household owes around $134,000. It comes in the form of medical bills, student loans, credit cards, mortgages, and it adds up quick. So how do you get out of it? The simple answer is to consolidate it all with a loan. That’s easier said… Read more »
Bad credit makes it almost impossible to get a loan. Or does it? In some cases, yes. If you’ve been asking yourself, “Can I get a loan in spite of it?” The answer is yes again. Having substandard credit is a hard hill to climb but not one that’s not insurmountable. You’re considered high-risk to… Read more »
If you’re in the market for real estate to invest in you have to move fast. You’re on a short timeline if you want to close the deal of your dreams. It can take anywhere from 30-60 days to get approved for a loan. By that time, the property won’t be there. So what do… Read more »
Do you have bad credit? If so, you already understand that a poor credit score can affect everything from the type of credit cards you’re eligible for to whether or not a landlord will rent an apartment to you. Bad credit also means that it can be difficult to get a loan from traditional banks… Read more »