When Cheryl S. inherited her grandmother’s cabin on the lake in central Oregon, she along with her entire family celebrated. Though they had never visited the cabin before, it seemed like a great place to visit and to perhaps turn into a source of income for their growing family. The cabin was paid off in…
Here are some of the most commonly asked questions about hard money loans with short, easy to understand answers which will help improve your understanding of what these loans are and how they might be used in your own financial investments. What is a hard money loan? A hard money loan is a loan issued…
Real estate investment is a hot market in today’s investment realm. New buyers are coming into the field with questions about how to best find the capital they need for their real estate projects. Here’s a quick list of important facts about using a hard money lender for a real estate investment loan. It’s Faster….
Building a relationship with your hard money lender is a crucial part of your loan approval process. A hard money lender is typically a private individual or a business backed by private capital. A hard money lender is willing to cut through the red tape traditional lending institutions require and is often willing to take…
Buying a home is an exhilarating yet intimidating process for anybody, but especially for those who are purchasing one for the first time. With all the information out there, it’s hard to determine what advice will help make the process as painless and rewarding as possible. Here are some great tips to get you started…
One of the most stress-inducing financial situations for homeowners is finding themselves in the precarious position of buying and selling a home at the same time. This often happens to people who choose to upgrade their homes for more space and nicer features or to downsize their homes for financial or health reasons. It also…
As a successful real estate investor and property flipper, one of the questions people ask me the most is, “Where do you get the money to start flipping houses?” I’m going to let you in on one of the biggest secrets to my success – I don’t use my money at all. I use other…
Hard money loans are typically not the first place investors look for when making a large purchase, but understanding exactly what one is and how it can be used is a great lesson for everybody. A hard money loan is a financial advance given by a private group financially invested in the project. It can…
A hard money loan is a monetary advance given by a small, private group financially invested in the project or a private individual. It can also come from a group of private investors who have already combined their financial assets and work with a loan broker to issue loans to qualified people. The hard money…
With investment comes risk, a risk many traditional lenders are slow or unwilling to take. When it comes to finding the money needed for real estate development loans, apartment building loans or the quick cash required for fix-it-and-flip-it real estate investors, the process of dealing with the bank is often more hassle than it is…