3 Things You Should Know About Hard Money Lenders
Thursday, July 16
Real estate investors have long used hard money lenders to finance their real estate investments for reasons of speed and flexibility. But for those who have never taken out a non-bank loan before, there are certain things every real estate investor should know about hard money lenders. Here are...
Greece to Take Bridge Loan to Restructure Debt
Wednesday, July 15
Banks in Greece have been closed since June 29th, an obvious sign that the Country is in complete and utter turmoil. Greece received the honor of being the first major country to default on an IMF loan. With its massive and unsustainable public debt, Greece’s banks have been closed since June 29t...
4 Ways to Find Hard Money Lenders
Tuesday, July 14
Don’t feel bad if you’ve struck out on your search to find hard money lenders. Sometimes even seasoned real estate professionals, mortgage brokers, or bankers, may not know one hard money lender. Here’s a very short list of places to find hard money lenders:1. Do an Internet Search: Do an extensi...
Why Hard Money Lenders May Need a Mortgage License
Wednesday, July 08
Private money, non-bank lenders, also called hard money lenders have always lent money without the need of a mortgage licensing. But the financial reform following the real estate meltdown, namely the Dodd Frank Act, has subjected most financial services companies to regulation. For non-bank lend...
'SQFT' Real Estate App: Is it Wise for Homeowners?
Friday, July 03
As seen on Techcrunch.com, real estate apps like “SQFT” threaten the future of the seller’s agent in the real estate sale transaction. Or do they? I don’t think they do. Having recently listed my own home in a very hot market, I was certain my home would sell quickly. I tried using an app, very ...
How to Spot Loan Scams and Bogus Lenders on Social Sites
Wednesday, July 01
If you’re looking for a hard money loan or bridge loan, you can visit one of the many ‘lending-related’ groups many social networking sites such as this one. You’ll certainly find a lot of mess to sort through, in fact, bogus loan scams are having a big party on social sites and you’re the guest ...