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Updated 4 months ago on . Most recent reply

User Stats

4
Posts
2
Votes
Kevin Vernon Parker
  • Lender
2
Votes |
4
Posts

Hard Money for begginners

Kevin Vernon Parker
  • Lender
Posted

Good morning,

I wanted to take a second and speak with you about the advantages of leveraging your capital and using Hard Money to spread out the risk and increase your potential ROI on each project you undertake. The goal here is to be risk averse. Hard Money allows you to take the risk and multiply the benefits exponentially. There is many things to consider when working with a Hard Money lender. Some of these are the following:

1. Time is of the essence. How fast the lender can perform.

2. What is required to get your approval.

3. The amount of liquid capital needed to properly conduct the loan.

4. What credit score (if any) is applicable to get the loan.

5. Understanding the analysis and process. 

With these factors always being a constant in the realm of lending, particularly short-term investments such as fix & flips and ground up construction. I'm here to answer any questions you might have and do my best to guide you through the process. Feel free to comment or reach out.

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