Top 3 Advantages and Disadvantages of Hard Money Loans
Wednesday, August 02
A hard money loan is a specialized financing tool that is most often used by professional real estate investors. Veteran real estate investors know the ins and outs of hard money loans, but less experienced investors need to educate themselves on the subject so they can make the best decision for...
3 Reasons Hard Money Lenders Hate to Hear “I Need 100% Financing”
Tuesday, August 01
When a new prospective borrower states they need 100% financing the lender will instantly be reluctant to provide financing. This simple statement tells a great deal about the borrower and asks too much of the lender.1.The borrower is likely not financially strongWhen a hard money borrower needs ...
5 Major Mistakes to Avoid When Flipping Houses
Monday, July 31
Flipping houses continues to grow in popularity as the real estate market remains strong and cable TV shows follow house flippers making huge profits from purchasing, rehabbing and selling flipped houses. While flipping homes is usually made to look fairly easy on TV (with the exception of a few ...
How To Find Hard Money Lenders
Wednesday, July 26
A potential hard money borrower who hasn’t previously used a hard money loan may not know how to find hard money lenders (private money lenders). Hard money lending is a small, niche industry that generally caters to professional real estate investors and property owners who have a special situat...
11 Ways To Tell a Loan Offer is a SCAM
Thursday, July 20
11 Ways To Tell a Loan Offer is a SCAM Any real estate investor who has spent any time in real estate investor forums, Facebook Groups or other online networks for real estate investors has likely come across loan offers that are complete scams designed to separate you from your money.Getting in...
The 100:10:3:1 Real Estate Investing Rule
Wednesday, July 19
Finding great deals to invest in is the most difficult and most important part of real estate investing. Experienced real estate investors understand that they make their profit when they purchase the property, not when they sell it.Each property has numerous characteristics that must be examine...