26 02, 2023

The Top Myths and Misconceptions About Hard Money Lending for Real Estate Investments

2023-02-18T03:09:22-05:00February 26th, 2023|Categories: Hard Money, Hard Money Loans, Loan, Real Estate|Tags: , , |

Hard money lending has been around for decades, but it's still shrouded in mystery and misinformation. Many real estate investors shy away from hard money loans because they believe they are too risky or that they are only suitable for borrowers with poor credit. But nothing could be further from the truth. Hard money loans are an essential tool for many real estate investors, and understanding them is crucial for making informed investment decisions. In this article, we will dispel the top myths and misconceptions about hard money lending for real estate investments. Myth #1: Hard Money Loans are Only

10 11, 2022

3 Creative Ways to Come Up With a Down Payment for an Investment Property

2022-11-09T00:49:21-05:00November 10th, 2022|Categories: Down Payment, Investing, Investment, Investment Properties, Investments|Tags: , , , , |

Though the most common way to come up with a down payment for an investment property - particularly for first-time real estate investors - is to scrimp and save until you have enough to take out a hard money loan, that's not always feasible. In fact, waiting until you have enough money saved up can seriously delay your investing plans. Fortunately, there are a few ways you may be able to get creative to come up with a down payment for an investment property, which this guide explains. 3 Creative Ways to Come Up With a Down Payment for an

2 10, 2022

The 3 Best Times to Use a Hard Money Loans

2022-09-11T07:57:36-04:00October 2nd, 2022|Categories: Credit Score, Flipping, Hard Money Loans, Investment Properties|Tags: , , , |

When it comes to financing a property purchase, there are a lot of options available. In many cases, a hard money loan is the best choice. This guide explores the three best times to use a hard money loan. What is a Hard Money Loan? A hard money loan is a type of short-term loan that is typically used by investors to purchase properties. Hard money loans are usually funded by private investors or groups of investors, as opposed to banks or other financial institutions. One of the main advantages of hard money loans is that they can be obtained

18 09, 2022

Can You Use a Hard Money Loan to Buy a House?

2024-01-09T17:19:24-05:00September 18th, 2022|Categories: Commercial, Flipping, Hard Money Loans, Investment Properties|Tags: |

If you're looking at your mortgage options and wondering whether you can use a hard money loan to buy a house, you need to know that it's possible - but it's only advisable in certain situations. Here's what you need to know. Can You Use a Hard Money Loan to Buy a House? It's possible to buy a house with a hard money loan, but due to the way that these loans are structured, they're typically best for real estate investors - not usually for people who are looking to buy a personal home to live in. When is it

10 09, 2022

Hard Money Loans vs. Conventional Financing

2022-09-11T00:06:05-04:00September 10th, 2022|Categories: Hard Money, Hard Money Loans|Tags: , |

When it comes to financing a real estate investment, you have a few options. Two of the most common options are hard money loans and conventional financing. This guide compares and contrasts the two so you can make an informed decision about financing your next real estate investment. What is a Hard Money Loan? A hard money loan is a short-term loan secured by real estate. Hard money loans are typically used by investors to finance the purchase of an investment property. (Secured by real estate means that the collateral is the property itself.) The biggest advantage of a hard

18 08, 2022

How to Find the Best Hard Money Lender to Buy a Rental Property

2022-08-09T06:14:41-04:00August 18th, 2022|Categories: Hard Money, Hard Money Loans, Investment Properties|Tags: , , , , |

If you're looking to purchase a rental property, one of the most important things you'll need to do is find a good hard money lender. This guide explains what to look for in a hard money lender and provides tips on how to find the best one for your needs. What is a Hard Money Loan, and Why Would You Use One for a Rental Property Purchase? A hard money loan is a type of short-term financing secured by real estate. Hard money loans are typically used by investors to purchase and rehab properties, but they can also be used

10 08, 2022

Hard Money Loans, Explained

2022-08-09T01:33:34-04:00August 10th, 2022|Categories: Hard Money, Hard Money Loans|Tags: |

When you need money and don't have time to wait for a loan through a traditional bank, hard money loans may be the answer. This type of loan is backed by the value of the property you're using as collateral, so it's a faster way to get the cash you need. What is a Hard Money Loan? A hard money loan is a type of short-term loan that's typically used for real estate transactions. Hard money loans are usually funded by private investors or companies, rather than banks. The loans are then secured by the property you're purchasing. How Does

22 03, 2022

What Are the Pros to Hard Money Loans?

2022-03-12T21:01:06-05:00March 22nd, 2022|Categories: Hard Money, Hard Money Loans, How To, Real Estate|Tags: , , , |

If you are a real estate investor considering taking out a hard money loan to purchase a property, you need to know that it may be a great choice for you. This guide explains the pros to hard money loans in clear, easy to understand terms so you can make the right decision. What Are the Pros to Hard Money Loans? Many investors feel that hard money loans are the perfect solution. That's because they offer: Flexible terms Convenience Built-in collateral  Here’s a closer look at each.  Hard Money Pro #1: Flexible Terms Hard money loans have very flexible terms.

11 08, 2021

3 Common Questions About Hard Money Loans

2021-08-11T19:37:08-04:00August 11th, 2021|Categories: Hard Money Loans, Investment Properties|Tags: , , , |

If you’re like most people, you’ve heard of hard money loans – but what are they, exactly, and could you use one to purchase an investment property? This guide explains. 3 Common Questions About Hard Money Loans Hard money loans are ideal for many investors, but if you’ve never explored your options before, you likely have more than a few questions about them. This guide addresses the top three: How long does it take to get a hard money loan? How long do I have before I have to repay a hard money loan? Can I use the money to

16 10, 2019

Do You Need Documentation for a Hard Money Loan?

2019-10-07T22:47:37-04:00October 16th, 2019|Categories: Hard Money, Hard Money Loans|Tags: , , , , , , , |

For many people, a hard money loan is the best way to go - especially when it comes to real estate investing. That's because hard money loans fund quickly (sometimes in as little as 48 hours), they're easy to deal with, and they're short-term, enabling the borrower to pay them off quickly and move on to the next investment property. But do you need documentation for a hard money loan, or can you walk right into an office and borrow tens of thousands of dollars with little or no paperwork? Here's what you need to know. Do You Need Documentation

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