Hard Money lender in lending money in the Atlanta , GA as well as Florida and North Carolina

13 10, 2019
  • Are Hard Money Lenders Loan Sharks

Are Hard Money Lenders “Loan Sharks”?

By |2019-10-07T22:40:17-04:00October 13th, 2019|Categories: Hard Money, Hard Money Loans|Tags: , , , , , |0 Comments

If you're like many people - especially those just starting out in real estate investing - you've heard all kinds of things about hard money lenders. Some of them are myths, and some of them might be true (or at least half-true). But are hard money lenders what you'd call "loan sharks"? Here's what you need to know. Are Hard Money Lenders "Loan Sharks"? Hard money lenders are definitely not loan sharks. Check out the official definition of a loan shark: Hard money lenders are typically well-established and reputable, and they certainly don't do anything illegal or charge extremely high

10 10, 2019
  • Are Hard Money Loans More Expensive Than Conventional Loans

Are Hard Money Loans More Expensive Than Conventional Loans?

By |2019-10-07T22:32:47-04:00October 10th, 2019|Categories: Hard Money, Hard Money Loans|Tags: , , , , |0 Comments

If you're like many people who have never borrowed hard money before, you've probably heard a few things about it - especially if you're interested in real estate investing. Some of those things might be complete myths, but some are likely true. But are hard money loans more expensive than conventional loans are? Here's what you need to know if you're thinking about borrowing hard money. Are Hard Money Loans More Expensive Than Conventional Loans? If you're looking at the numbers, a hard money loan seems more expensive than a conventional loan does. That's because hard money loans typically have

7 10, 2019
  • 3 Hard Money Loan Myths That a Lot of People Believe

3 Hard Money Loan Myths That a Lot of People Believe

By |2019-10-07T22:24:44-04:00October 7th, 2019|Categories: Hard Money, Hard Money Loans|Tags: , , , , , |0 Comments

If you're like many people who have never taken out a hard money loan, you've probably heard all kinds of myths about them -  but here, we'll cover three of the most common and debunk them so you know all the facts. 3 Hard Money Loan Myths That a Lot of People Believe Some of the most common myths about hard money loans include: You don't need any documentation for a hard money loan Only people who are desperate take out hard money loans Hard money lenders aren't as careful as big banks are Here's a closer look at each

24 09, 2019

Winterize Your Gutters Now

By |2019-10-07T21:34:41-04:00September 24th, 2019|Categories: Hard Money|0 Comments

Before winter hits, it's a good idea to clean out the gutters of the home you're thinking about flipping - that way, you'll be able to prevent fall rains from leaking up into your roof or melting winter snows from creating ice dams that can destroy your roof. Here's how. How to Winterize Your Gutters One of the best ways to winterize your gutters is to clean them out. Take an old plastic spatula up a ladder and scoop out debris or scrape away grime to make sure you don't have materials in your gutters that will trap water. You

13 09, 2019

Common Risks in Real Estate Investing

By |2019-09-04T18:59:49-04:00September 13th, 2019|Categories: Hard Money|0 Comments

If you're thinking about becoming a real estate investor, you probably already know that there's a certain amount of risk involved in the industry. Check out these common risks and see how well you'd cope with each. Common Risks in Real Estate Investing The most common risks in real estate investing include: Market risk Replacement cost risk Liquidity risk Here's a closer look at each. #1. Market risk No matter how good someone is at assessing real estate market conditions, there's always going to be risk involved. The real estate market experiences ups and downs based on things like: The

10 09, 2019

Are You Going to Be a Good Investor?

By |2019-09-04T18:54:18-04:00September 10th, 2019|Categories: Hard Money|0 Comments

If you're thinking about becoming a real estate investor, there are a few questions you need to ask yourself before you dive in with both feet. That way, you'll know if you'll be a good investor. Are You Going to Be a Good Investor? Ask yourself: Am I willing to take risks? Can I evaluate my options and make decisions quickly? How well do I operate under pressure? Do I tend to learn from my mistakes? Here's a closer look at each of these. #1. Am I willing to take risks? Real estate involves a certain amount of risk. Sometimes

7 09, 2019

Do You Need Documentation to Get a Hard Money Loan?

By |2019-09-04T18:48:34-04:00September 7th, 2019|Categories: Hard Money|0 Comments

If you're like many investors who have never used a hard money loan before, you probably have a lot of questions. One of them might be whether you need documentation to get a hard money loan. Here's what you need to know. Do You Need Documentation to Get a Hard Money Loan? When you take out a hard money loan, you will need some documentation - but usually, it's nothing like the stacks of documents you would need for a conventional loan. With a conventional loan, you'll need to provide your lender with: Tax returns Pay stubs W-2s Proof of

4 09, 2019

Do You Have to Have Good Credit to Get a Hard Money Loan?

By |2019-09-04T18:42:52-04:00September 4th, 2019|Categories: Hard Money|0 Comments

If you're an investor - or anyone else - who's thinking about borrowing from a hard money lender, you're probably wondering if you have to have good credit to get a hard money loan. Here's what you need to know. Do You Have to Have Good Credit to Get a Hard Money Loan? Hard money loans are for people who want fast approval on a house's after-repaired value, or ARV. And you might be surprised to learn that you don't have to have stellar credit to get a hard money loan. The bottom line is that hard money lenders are

1 09, 2019

Do Hard Money Loans Have High Interest Rates?

By |2019-09-04T18:37:33-04:00September 1st, 2019|Categories: Hard Money|0 Comments

If you're like many people, you've heard that hard money loans come with a hefty price tag - and that might include high interest rates. But do hard money loans really come with high interest rates? Here's what you need to know. Do Hard Money Loans Have High Interest Rates? Hard money lenders are very competitive with their rates. The average hard money loan has an interest rate between 7 (which isn't much higher than a conventional loan's interest rate would be) and 15 percent. However, here's what to keep in mind: Hard money loans are very short-term when compared

28 08, 2019

Do You Need Good Credit to Get a Hard Money Loan?

By |2019-09-04T17:23:19-04:00August 28th, 2019|Categories: Hard Money|0 Comments

If you're an investor - or anyone else - who's considering a hard money loan, you're probably wondering if you need good credit to get one. Here's what you need to know. Do You Need Good Credit to Get a Hard Money Loan? A lot of people think that hard money loans are mostly for people who have bad credit - but that's not true. A lot of people, including investors with sterling credit, use hard money loans to get fast financing. You don't necessarily need fabulous credit, either. Hard money lenders are asset-based lenders, which means credit doesn't matter