Many might suspect that hard money lenders may be difficult financing sources; that they have rather strict terms and can be quite complicated to do business with. What is the truth? The truth is that many experienced and reliable hard money lenders are actually very easy to transact with. How do you get a good deal out of them? Here are some simple tips.
The Secrets to Negotiating With Hard Money Lenderson Tue, Aug 05, 2014
How To Find the Best Hard Money Lenders For Your Next Real Estate Investment Dealon Tue, Jul 22, 2014
You've got your eye on a property, and you’re ready to take action, but first you need to get your funding lined up. The bank isn't an option on this one and you don't want to lose the opportunity, so you are looking for a hard money lender to help you make this investment happen. If this sounds like you, then you need to know how to find the best hard money lenders.
Can They Fund You Quickly?
A good hard loan lender should be able to close the deal in 10 to 15 business days and sometimes even less than that. Anyone who takes longer without significant extenuating circumstances affecting the investment is just wasting your time. One of the major reasons investors like you choose hard money lenders is because they offer much better turnaround time than traditional lenders like banks.
Understanding Hard Money Lenders: Who are they?on Tue, Jul 15, 2014
Hard money lenders issue short-term loans for individuals who are seeking to purchase commercial or residential real estate. Some hard money lenders also extend funds for people who are purchasing land. Most hard money lenders work in private practice and do not utilize conventional financing standards when extending credit. Most borrowers use hard money lenders as a temporary loan that will need to be repaid with an agreed upon fee schedule for the term of the loan. Hard money lenders service a particular niche of buyers who can't acquire financing through conventional methods. Now that you know what a hard money lender is, you need to understand their unique structure of extending credit.
5 Tips to Securing a Hard Money Loanon Thu, Jul 10, 2014
Hard money loans are easier to get than traditional loans, but that doesn't mean that getting qualified is as simple as just asking for the money. Here are five tips that can help you to get your loan more quickly.
5 Questions to Ensure Success with Hard Money Financingon Tue, Jul 01, 2014
When it comes to hard money financing, you might get intimidated when talking to a lender and not always knowing the right questions to ask. Lenders are there to help you with your current financial situation and guide you through the financing options that are best for you. Hard money loans allow more borrowers to participate since they are easier to obtain than traditional bank loans. If you are thinking about getting a hard money loan, we have 5 Questions to Ensure Success with Hard Money Financing that you need to know before applying for your loan.
How To Get The Real Estate Capital You Need: Hard Moneyon Tue, Jun 03, 2014
Finding the right real estate deal may seem like a most daunting task to an inexperienced investor but more seasoned ones know that there is an excellent alternative to traditional lending institutions – private or “hard” money. In fact, hard money offers some distinctive advantages to the funds provided by banks, savings & loans, and other traditional lending institutions. Here are just three:
Hard Money Advantage #1: Enhanced Versatility
The most advantageous aspect of hard money loans is their versatility, since the loans are made by accredited investors – who make decisions about their money on their own - there is no need to jump through hoops of traditional lending institutions with their subjective loan criteria and their loan approval boards. Instead, if a lender and borrower can agree on terms, the deal can be consummated in a legally binding and very secure way.
Cracking The Code: ROI Sweet Spot With Hard Money Lendingon Thu, May 29, 2014
Hard money lenders offer quick loans on hard to finance properties. Not unreasonably, though, they charge for their unique offering. With this in mind, hard money isn't always the perfect solution for every investment real estate purchase. However, when you need a fast, flexible loan for a property that offers the potential of significant near-term equity growth, hard money lenders are hard to beat.
Systemize Your Hard Money Financing Process For 2014on Tue, May 27, 2014
With more and more investors looking at participating in the recovering housing market, new challenges have arisen in figuring out where to invest your money. For a while, the biggest challenge was finding people who wanted to take out hard money loans. Today, it's selecting the best possible borrowers from the large pool available. Setting up a system for lending can help you to streamline the process.
The Implications of Hard Moneyon Tue, May 13, 2014
The concept of hard money has a lot of implications. In the current market, dominated by "financial" as opposed to "real" values, your worthiness as a debtor is decided by your ability to repay the loan, rather than the value of the asset associated with the loan itself. When searching for a hard money loan, however, you are looking for money that is not guaranteed or backed by a government. Rather, you are looking for a loan based to a great extent on the value of the asset that is placed in collateral, and the market skills of the transaction participants.
Consider Borrowing Hard Money For Your Next Projecton Tue, May 06, 2014
There are as many investment needs out there as there are investors. Each person has his own financial goals and his own risk tolerance. In many cases, traditional lending institutions do not recognize these needs and try to cram an investor into one of their prepackaged deals or worse yet, will not even consider lending funds on a particular project. When this happens, the experienced investor looks to other sources of capital – typically “hard money.” Here's why: