Inside the brain of a hard money lender: Worcester MA Black Diamond Tues Aug 19

[Ann Bellamy]

Wondering why some deals are funded easily and some just …… aren’t?  Why do some people just sail through the funding piece and others flounder on the rocks?

We’re going to look at some of the criteria that a lender looks at when considering a rehab or buy-and-hold loan, as well as some potential problem deals from the lender’s perspective.  You’ll see examples of what constitutes a good deal to a lender, and what might make him pass.

You will learn:

• The five biggest red flags to a private or hard money lender
• Why first-time rehabbers have a more difficult time getting funding
• When size matters
• Which deals get an automatic “sorry, have to pass”
• When all the rules get broken
• Packaging your loan
• What could possibly happen?  Some case studies of deals gone bad - when they're bad, they are really really bad.  

I have been lending since 2006 in Massachusetts and Southern New Hampshire, and having made most of the mistakes it is possible to make in 8 years, will share some of the insider perspectives I've gained in looking at a hard money loan.  Come and discuss options in lending, and packaging your loan for approval.

Who:  All are welcome, open to the public

What:  Black Diamond Real Estate Investors Free networking event, no selling speakers, no multi-level marketing

Where:  Buca di Beppo, 7 Boston Turnpike (Rte 9), Shrewsbury, Massachusetts

When:  Tues August 19, 2014, 6PM networking, 6:30PM program starts

Enjoy dinner, drinks and great networking while hearing relevant content and meeting some of the most active real estate investors in Central Mass.