27 03, 2022
  • What Are the Requirements for a Hard Money Loan?

What Are the Requirements for a Hard Money Loan?

By |2022-03-12T21:04:32-05:00March 27th, 2022|Categories: Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments|Tags: , , , , |0 Comments

If you are an investor who needs to borrow hard money, and you've never done it before, you're most likely wondering what the requirements are to take out this type of a loan. This guide explains the requirements for a hard money loan so you understand the basics before you get in touch with the lender. What Are the Requirements for a Hard Money Loan?  First things first: a hard money loan is a short term loan that typically offers a higher interest rate than a conventional mortgage would. Many investors use these types of loans to purchase properties at

16 03, 2022
  • Are There Downsides to Hard Money Loans?

Are There Downsides to Hard Money Loans?

By |2022-03-12T20:57:11-05:00March 16th, 2022|Categories: Hard Money, Hard Money Loans, Investing, Investment, Loan|Tags: |0 Comments

If you are like many people, you've heard of hard money loans before – but what are they, and are there any downsides to using one? This guide explains whether there are downsides to hard money loans and what you should be aware of if you're considering borrowing with one. Are There Downsides to Hard Money Loans? Generally, the downsides to hard money loans are only downsides for people who aren't real estate investors. They include the costs associated with borrowing hard money, as well as the shorter repayment period. Here is a closer look at each. Costs of Hard

11 03, 2022
  • Are Hard Money Loans a Good Idea?

Are Hard Money Loans a Good Idea?

By |2022-02-27T03:05:33-05:00March 11th, 2022|Categories: Hard Money Loans, Investing, Investment, Investment Properties, Investments, Real Estate|Tags: , , |0 Comments

If you're a real estate investor, a hard money loan may be a great idea for you. However, these loans aren't right for everyone. In fact, they aren't even right for all investors. This guide explains whether hard money loans are a good idea, and in which situations they can work in your favor. Are Hard Money Loans a Good Idea? Hard money loans are only a good idea if you need to borrow money for a very short period of time, you're willing to spend more than average on interest, and you need to borrow on the after repair

6 03, 2022
  • Who Should Use a Hard Money Loan?

Who Should Use a Hard Money Loan?

By |2022-02-27T03:02:46-05:00March 6th, 2022|Categories: Hard Money Loans, Investing, Investment, Investment Properties|Tags: , |0 Comments

There's a good chance that you've heard of hard money loans, but who are they for, and why do they work for some people and not others? This guide explains. Who Should Use a Hard Money Loan? There are generally two types of people for whom hard money loans work the best: investors and those who have been rejected by banks. Here's a closer look at each. Hard Money Loans for Investors Generally, people who intend to purchase a home at a low price, fix it up and then sell it at a higher price are great candidates for hard

1 03, 2022
  • Hard Money Loan Down Payment Requirements

Hard Money Loan Down Payment Requirements

By |2022-02-27T03:00:09-05:00March 1st, 2022|Categories: Down Payment, Hard Money Loans, Interest, Investing, Investment, Investment Properties|Tags: , , , |0 Comments

Although hard money loans are very different from conventional loans, there's a good chance that you'll need to put down a down payment in order to borrow from a hard money lender. This guide explains hard money loan down payment requirements and how they affect your ability to borrow. How Much Money Do You Need to Put Down on a Hard Money Loan? Most hard money lenders require you to put down 10 percent of a home’s after repair value as a down payment. However, every situation is different, and you should talk to a hard money lender about your

27 02, 2022
  • How Does a Hard Money Loan Work?

How Does a Hard Money Loan Work?

By |2022-02-27T02:56:35-05:00February 27th, 2022|Categories: Hard Money Loans, Interest, Investing, Investment, Investment Properties, Investments, Loan, Real Estate|Tags: , , , |0 Comments

If you're like many investors, you've heard of hard money loans. But how do they work, and could one of them be right for you? This guide explains. How Does a Hard Money Loan Work? Money loans work a lot like regular loans do, but there are some key differences. First, you can get the cash from a hard money loan much more quickly than you could if you were to borrow from a traditional lender. Additionally, your interest rate will likely be a little higher, and you'll have to repay the loan much faster than you'd have to repay

11 10, 2021
  • Before Your Next Renovation Be Sure to Avoid These 3 Mistakes

Before Your Next Renovation Be Sure to Avoid These 3 Mistakes

By |2021-09-23T06:31:44-04:00October 11th, 2021|Categories: Flipping, Investing, Real Estate, Tips|Tags: , , , , |0 Comments

For house flippers each renovation project presents a different set of experiences and challenges, and even flippers who have several projects under their belts can make mistakes that result in major setbacks. Read carefully so you can avoid some of these pitfalls. Not Planning a Budget  When setting your budget, if you rely on using estimations and ballpark figures you’re very likely to spend lots more than if you took time to plan out a more specific budget for each portion of your flip. Having a detailed budget can help you reallocate funds in case you want to spend a little

27 06, 2021
  • 5 Real Estate Investing Mistakes to Avoid, According to a Guru Investor

5 Real Estate Investing Mistakes to Avoid, According to a Guru Investor

By |2021-06-22T06:14:39-04:00June 27th, 2021|Categories: Flipping, How To, Income, Investing|Tags: , , , , |0 Comments

If you’re new to house flipping sometimes you simply may not know what you don’t know. The more you become a student of the industry, and listen to sound advice from the pros, the better your chances of success. In an April interview with Yahoo!Finance real estate agent and investor Mindy Jensen—recognized by GOBankingRates as one of Money’s Most Influential—offers some warnings and advice for novice flippers. We’ve summarized some key takeaways you should know. Flipping Mistakes to Avoid Not crunching the numbers: Make sure there is a large enough profit margin on a project so you are poised for

16 06, 2021
  • 5 Benefits of a Steel Entry Door for Your Flip

5 Benefits of a Steel Entry Door for Your Flip

By |2021-06-13T20:56:37-04:00June 16th, 2021|Categories: Flipping, Home Improvements, Home Upgrades, How To, Investing, Real Estate, Remodeling Tips, Tips|Tags: , , , , , |0 Comments

Entry doors can help convey the personality of your flip and give buyers an idea of what’s to come inside. Whether your door has a traditional panel front with sidelights, or a more contemporary design, it is a key component of curb appeal.  If the wood front door of your flip needs to be replaced, think about swapping it out for a steel door. Here are five benefits to consider. Security A steel door can offer a higher level of security over many wooden doors, and due to a typical construction of 24-gauge steel, its thickness and weight make it

6 05, 2021
  • ‘Shark Tank’ Star Barbara Corcoran on Hot Housing: Prices Will Keep Going Up

‘Shark Tank’ Star Barbara Corcoran on Hot Housing: Prices Will Keep Going Up

By |2021-05-03T01:46:00-04:00May 6th, 2021|Categories: Investing, Real Estate, Tips|Tags: , , , |0 Comments

Real estate mogul Barbara Corcoran sat down with Yahoo Finance in mid-April to discuss the latest in the white-hot housing market. Corcoran, a real estate broker, investor, best-selling author, podcast host, and executive producer of ABC’s “Shark Tank,” talked straight-up about today’s housing market and the conditions buyers currently face. Competition for homes remains stiff as potential buyers continue to contend for a scarce number of properties, driving up prices. With many buyers waiving contingencies on their home offers, in an attempt to make their offer more appealing to sellers, the market is no holds barred. House hunters, Corcoran says,

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