All Forum Posts by: Brian B. Simmons

Because hard money loans are not regulated in the same way as conventional loan products, there are more opportunities for fraudulent activity on the part of lenders. Here are some things to keep an eye on to help you weed out the scammers from the legitimate lenders. 

#BorrowWisely | 

Hi Marty,

Ask a Lender can help you find a lender for this project. Using our commercial construction lender search, enter as many details of the loan scenario as you can. There should be multiple lenders for you to compare.

www.askalender.com/find/commercial-construction-lenders

I hope this is helpful. Please let me know if you have any questions regarding the search engine.

Brian

If your house isn’t selling and you are having trouble contacting your real estate agent, it may be time to consider finding a new Realtor. Here are some of the main reasons why sellers change agents. Read the full article here.

If you’re a direct lender, loan officer or broker, join Ask a Lender and enter your loan programs to receive free leads. If you’re not in the loan business, like a real estate agent or financial adviser, see how we can help other industry professionals.

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If you're trying to finance the purchase or development of what the government defines as affordable apartment rentals, government-sponsored enterprises (GSEs) will provide some help. 

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Hi Pamela,

Ask a Lender could be good resource for you. Our advanced home mortgage search engine helps connect real estate investors with lenders across the country.

www.askalender.com/find/home-purchase-lenders

Select "Triplex/Fourplex" under Property Type and "Rental/Investment Property" under Property Use, filling in the rest of your loan scenario from there.

Hope this is helpful!

Brian

Hi John,

If you're still looking for financing, Ask a Lender might be good resource. Our advanced home mortgage search engine helps connect real estate investors with lenders across the country.

www.askalender.com/find/home-purchase-lenders

Select "Duplex" under Property Type and "Rental/Investment Property" under Property Use, filling in the rest of your loan scenario from there.

Hope this is helpful!

Brian

It is possible to obtain a mortgage to purchase or refinance a second property, but this loan is likely to have higher costs than your primary-residence mortgage. When you plan to rent out the second property, it gets even trickier. Read the full article here.

#BorrowWisely | Ask a Lender

Although it's not new, fixing and flipping houses is the trendier approach at the moment, made popular by reality TV shows and online real estate gurus. A buy-and-hold strategy is the less flashy path that has, for centuries, allowed investors to generate a good income and accumulate wealth. Read the full article here.

#BorrowWisely | Ask a Lender

Real estate investment trusts (REITs) and rental properties have their own unique characteristics, namely in the amount of attention they demand from an investor. Read the full article here.

#BorrowWisely | Ask a Lender