22 09, 2015

The Best Ways to Find Contractors for Your Real Estate Investments

2015-09-22T20:51:46-04:00September 22nd, 2015|Categories: Hard Money, Investment, Loan|

If you’re investing in real estate but you’re not capable of doing all the work yourself, it makes sense to hire qualified contractors to handle some of it – but where do you find the best of the best without completely breaking your budget? How to Find Qualified Contractors for Your Real Estate Investments It’s almost always best to rely on word-of-mouth testimonials for qualified contractors, but what if you don’t have friends or family who have worked with plumbers, roofers, electricians and HVAC specialists? You have to search on your own. Other than the obvious testimonial-type sites, such as

22 09, 2015

How to Spot Hard Money Loan Scams

2015-09-22T19:28:00-04:00September 22nd, 2015|Categories: Hard Money, Loan|

It’s not uncommon to find hard money loan scams when you’re looking for a reputable broker. Unfortunately, many new – and even experienced – real estate investors fall prey to these scammers. So what should you watch out for? Signs of a Hard Money Loan Scam While many scammers throw up plenty of red flags, here’s what you need to watch for: A lender that doesn’t consider your credit history. Legitimate lenders are concerned about your credit history, although to varying degrees. Often, with a hard money loan, your credit score isn’t as important as the type of property you

15 09, 2015

The Truth About Conventional Financing and Investment Properties

2015-09-15T18:47:58-04:00September 15th, 2015|Categories: Hard Money, Investment, Loan|

As a real estate investor, you already know that conventional financing may not work well for you if you are purchasing a home that needs a little TLC. You’re probably also familiar with hard money loans, and you know where to get the best deals on foreclosures. But if you’re just getting your feet wet in the real estate investment pool, you need to know the truth about conventional financing and investment properties. Conventional Financing: Why it Might Not Be Right for Investment Properties Typically, when you find an investment property, you need to act quickly. Because conventional financing generally

8 09, 2015

Should You Get a Hard Money Loan for an Investment Property?

2015-09-08T02:45:32-04:00September 8th, 2015|Categories: Hard Money, Loan|

If you’re like most people who pride themselves on finding and pouncing on great deals, you probably already know that in the real estate game, you have to be quick. There’s a lot of competition out there, and you need to work with a hard money lender who can finance your investments quickly and with no hassle. But is a hard money loan right for you? Is Applying at a Bank a Waste of Time? When you’re talking about real estate investment properties, many banks won’t even look twice at your application. Typically, it is difficult to get traditional funding

26 08, 2015

How Does Your Credit Score Affect Your Ability to Get a Loan?

2015-08-26T10:00:16-04:00August 26th, 2015|Categories: Credit Score, Hard Money, Loan|

You already know that your credit score is important. It’s what lenders use to determine whether you’re trustworthy enough for them to take a financial gamble on you – and it’s what could make or break your next real estate investment. Sure, your credit score is a general indicator of your fiscal health. But it’s not the only thing that matters… unless you’re dealing with a big bank or major lender. Does Credit Matter with a Hard Money Loan? Credit does matter with a hard money loan, but not to the extent you might expect. We don’t have a minimum

22 08, 2015

What is a Bridge Loan?

2015-08-22T15:51:03-04:00August 22nd, 2015|Categories: Hard Money, Investment, Loan|

If you’re an investor, whether you’re new in the business or you’re a seasoned professional, you know that there are some terms that everyone uses – but there’s a little bit of confusion on what all of them mean. So what is a bridge loan, and is it right for you? Definition of a Bridge Loan A bridge loan is the money someone borrows to buy a new property – but it’s used when the buyer doesn’t have the money for a down payment to get financing on the new purchase. A bridge loan is a short-term loan that the

22 08, 2015

When is a Private Loan Better than a Bank Loan?

2015-08-22T13:06:27-04:00August 22nd, 2015|Categories: Hard Money, Loan|

Hard money loans, which are often called private loans, are a better choice than traditional bank loans are for many people – but they’re not right for everyone. If you’re buying a home at market value, it doesn’t require any work and you’re ready to pay a 30-year mortgage, a hard money loan won’t do you any good; it isn’t designed for you. These types of loans are short-term, which means people borrow a significant amount, do what they need to do, and typically roll the balance into a traditional mortgage. In other cases, people who borrow hard money simply

13 08, 2015

Hard Money Loan Calculator

2015-08-13T19:40:10-04:00August 13th, 2015|Categories: Calculator, Hard Money, Loan|

Do you need to use a hard money loan calculator? We can help you figure out what your payments would be if you were to take out a hard money loan – and you can do it without a pre-made calculator. (Really, it’s easy!) Hard Money Loan Calculator: Figuring the Old-Fashioned Way As long as you know how to calculate a loan payment, you can create a budget that keeps you on the right track (and helps to ensure that you’re not overextending yourself). The formula for calculating your loan payments looks more complicated than it is, but it’s still

7 08, 2015

Types of Financing Investors Can Use in Georgia

2015-08-07T19:11:34-04:00August 7th, 2015|Categories: Hard Money, Loan|

Real estate investors have a number of ways to get financing for their investments – but not every investor is well suited to every type of financing. Generally, an investor can pay for real estate with: All cash Hard money Conventional mortgage 203k loans All Cash Purchases for REIs While many investors choose to pay all cash for an investment property, that’s just not feasible for everyone. In fact, about 76 percent of investors need to come up with some type of financing. Hard Money Loans for REIs Hard money loans are generally for shorter term lengths than most other

7 08, 2015

Why Use a Hard Money Loan?

2015-08-07T16:02:55-04:00August 7th, 2015|Categories: Hard Money, Loan|

Why would someone use a hard money loan? Thousands of people in the Atlanta area take out hard money loans each month – but thousands more aren’t quite sure what a hard money loan is. Why Use a Hard Money Loan? Some people choose to use hard money loans to borrow funds to purchase homes and make renovations. Let’s face it: remodeling and renovating a can be necessary… but it isn’t cheap. Most people don’t have that type of discretionary income just sitting in the bank. Many investors also choose to use hard money loans to make initial property purchases on

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