Comments on: What is Hard Money and How Does it Work?

By: Anonymous

Anonymous — Thu, 22 Sep 2011 05:27:36 +0000

Great Article on Hard Money Loans!!

By: Anonymous

Anonymous — Wed, 15 Sep 2010 19:42:09 +0000

Don’t be confused, though, hard money loans are not a simple alternative for those with poor credit. Even private investors aren’t interested in a borrower with a history of bankruptcy or non payment. In addition, the closing costs on a hard money loan must be paid up front. These fees could be a couple hundred dollars or a couple thousand, making the hard money loan a non choice for most borrowers in distressed situations. If you fit into one of the unique scenarios that would benefit from a hard loan, do your research before signing any papers. Get recommendations on the private lender when you can. With no bank regulations on private lending the only one who can separate a legitimate lender from a loan shark is you.

By: Zach @ Mid Mo Mortgage

Zach @ Mid Mo Mortgage — Mon, 01 Feb 2010 19:52:17 +0000

As far as I am aware, the Internet and networking with local lenders is the only way. I've never even heard of a "Hard Money" lender until last month, and I don't know of a single one in my city. .-= Zach @ Mid Mo Mortgage´s last blog ..Jan 29 – Market Growth Surging As GDP Reports Forthcoming =-.

By: yanni raz

yanni raz — Tue, 22 Jul 2008 00:27:55 +0000

There are many types of hard money loans, if you’re not sure if hard money loans is the right way for you to go try to understand first what is hard money loans?
You can go to my website of course any time to read more about had money lending.
Most loans are done for investment properties non owner occupied.
So if you’re looking for a commercial or residential hard money deal you have to know that the interest rates are higher than conventional lending and the points are like 5 at least for each loan you will apply for.
Let me know if you need more help.
Yanni Raz

By: Chantal in Orlando

Chantal in Orlando — Tue, 15 Jan 2008 21:13:30 +0000

I agree with Ed. The flipping days are long gone. If you speak to flippers in todays market the song they are singing is ‘Buy Low, sell even LOWER’. I don’t know about you, but flipping in this market doesn’t make a lot of sense. Now is the time to buy and hold.

By: Eric Corl

Eric Corl — Mon, 01 Oct 2007 15:54:27 +0000

Great information – well written and concise. I’m looking forward to more posts like this.

By: Billy

Billy — Mon, 03 Sep 2007 14:31:15 +0000

Thanks for the detailed info on HMLs, yes they are a great way to get started in REI.

By: Ed Lathrop

Ed Lathrop — Tue, 03 Jul 2007 20:59:56 +0000

I really think the flipping days are over for now. In great market conditions aggressive strategies work fine but for now, I’m ready to cool it.

It might be time to wait for bargains.

By: Kathi Dameron

Kathi Dameron — Thu, 10 May 2007 13:18:26 +0000

What is the best way to find Hard Money Lenders? I am planning to join a Real Estate Investing Club and also engage in plenty of Internet research, but are there some other good ways to find private investors?

By: Money Walks - Personal Finance » Carnival of Finance #1

Money Walks - Personal Finance » Carnival of Finance #1 — Mon, 11 Dec 2006 13:24:38 +0000

[...] Joshua Dorkin presents What Does Everyone Mean by Hard Money? posted at Real Estate Investing For Real. [...]

By: Scott Poliseno

Scott Poliseno — Fri, 08 Dec 2006 22:12:43 +0000

Great Information! Keep blogging and I will keep reading.

I am new the REI and appreciate the time it took to provide this information. Thanks!

Scott Poliseno
http://www.bankstopper.com/