Don’t Know Any Private Money Lenders? Here’s 5 Reasons You Should
Friday, June 05
A private money loan is any loan from a non-bank source of financing. Auto loan financing is one type of private money loan and a hard money loan used in real estate investing is another type. Because these loans do fund much faster than bank loans, it is good to know a private money lender. Belo...
4 Things to Ask When Looking for Loans for Rental Property
Wednesday, June 03
When searching for loans for rental property, even the most seasoned real estate investors may encounter a labyrinth. Not only are there multiple options to choose from, but there are various qualifications requirements that make it even more confusing. Before you start the process of looking for...
Know How to Get Loans for Rental Property
Monday, June 01
From a recent post about loans for rental property, a real estate investor just starting out often asks, how do I get a loan for a rental property? The answer is simple: cast the net out wide and consider various options. Ask yourself a few questions before getting started: Do you understa...
Retirees Flock Into Trust Deed Investments
Wednesday, May 27
Trust deed investments have been growing in popularity among retirees, and most rapidly in the markets that saw the fastest recovery after the 2008 meltdown. Particularly in one’s own real estate market, where one is comfortable with values in general, a trust deed investor can easily spot a real...
Read the Fine Print Before You Become a Hard Money Lender
Tuesday, May 19
To become a trust deed lender, often called a hard money lender, it is important to get started slowly and with diligence. So what is a trust deed loan, also called a hard money loan? A hard money lender is a type of private money lender that uses “hard” assets as collateral for loans. The most c...
Avoid These Common Mistakes When Submitting a Hard Money Loan
Tuesday, May 12
From an article in the Scotsman Guide, traditional mortgage brokers often make mistakes when submitting hard money loans to hard money lenders. Because traditional brokers are well versed on how a bank lender likes to see a loan package, they often make mistakes when submitting loan files to hard...