RECENT BLOG POSTS
As a stay-at-home mother of 15 years, my life abruptly changed with my husband’s death. This is my story of hard money saving my financial future.I had always loved staying home with my children, attending PTO meetings and never missing a beat with my family. Carson and I had been married for 15 ...
02/17/2020
0 Comments
Hard money is typically used for short-term real estate projects that last from a few months to a couple of years. A hard money loan is an asset-based loan with a higher interest rate than conventional loans and shorter repayment terms. These loans are typically used for rehab to a property. The ...
02/17/2020
When you work with a hard money lender to finance your fix and flip, there is a possibility your loan will include a “holdback.” What exactly is a holdback and why would your lender want one as part of your contract?Construction HoldbackA construction holdback is when your hard money lender helps...
02/17/2020
When it comes to buying land, lenders are much more skeptical about loaning money than they are on homes and brick and mortar. If a lender has to foreclose on a land loan, the guarantee that they will recover the borrowed money is low. In the case of a borrower having a financial crisis, it is mu...
02/15/2020
Very few banks will finance a rehab loan. Often, a hard money lender is the only lender that will finance this type of project.Banks are generally uncomfortable lending on vacant properties that will be used as a fix and flip project. Truthfully, even if a conventional bank agreed to finance on a...
02/15/2020
When you make the decision to enter into the world of real estate investing it can seem a little overwhelming. Although, there are many factors that go into becoming an investor, the one thing that can be simple and clear is the financing. The majority of the time a fix and flip project needs fin...
02/15/2020
Unless you work in the construction industry, you probably aren’t aware of hard money lender’s frequent collaborations with developers. Banks typically look at construction loans as too risky making hard money lenders developer’s best option for financing. Details of Hard Money Construction Loans...
02/14/2020
When it comes to buying a property that you plan on renovating and reselling, a fix and flip loan is exactly what you need. Fix and flip loans work a little differently than conventional mortgage loans. If you are planning on working with a hard money lender to finance you for a fix and flip loan...
02/14/2020
Trust Deed Investing refers to an individual making a loan to another individual using real estate as collateral. The collateral is typically real estate and can be any type of land of property that has equity. In essence, a trust deed is literally a deed to the property, which is given to a thir...
02/14/2020
Hard money is a way to borrow money, for real estate purposes, without using a bank. Instead loans come from individuals or investors who lend the money using the property as collateral. Hard money is a great option when traditional lenders will not approve funding or when you need money quickly....
02/13/2020