There is the common term “hard money” which most people are familiar with and then there is “soft” money, which may not seem quite as familiar. These two share a few similarities, but there are also significant differences. Let’s take a brief look at the two and how they may affect you as a borrower. […]
You’ve secured the hard money loan funds for a fix and flip. As an investor, time is of the essence as it can affect the bottom line because of factors like loan interest payments, changes in the market, or property taxes. Furthermore, the project risk increases as time passes between its purchase and sale. How […]
As more people choose to go the hard money lending route versus dealing with the hurdles of a conventional loan, prospective borrowers must do their homework and avoid common mistakes. Let’s explore two of these. For starters, borrowers should have a solid foundation of how much money they need to borrow. Many private loans are […]
Real estate in South Florida continues to earn a tremendous amount of attention from foreign nationals. These are people who maintain a part-time residence in the United States but remain citizens of another country. Obtaining a traditional loan may prove difficult for these people for reasons such as a bank not being able to verify […]
When it comes to an investment property, there are typically a pair of options to choose from: rent or sell. Selling is generally considered a short term solution while renting is a long term investor strategy. Each option has its pros and cons, though one may be a wiser option for you than the other. […]
Hard money loans remain a great choice for real estate investors that want to take advantage of the many benefits associated with “fix and flip” properties. The money can be obtained quickly and the loans can be paid back in months versus years. How do you find these lucrative properties? It’s easier than you may […]
Real estate provides a wealth of different investment opportunities. Hard money lending is one of many approaches an investor can use. Hard money lenders place as strong of value on real estate as most real estate professionals do. If you are a prospective investor, you should have a solid understanding of the market as well […]
With hard money loans, the interest rates are largely based on risk versus a borrower’s credit score. It’s important not to confuse them with equity loans, which are issued by banks after evaluating the value of a home and the borrower’s credit score. A hard money loan is a viable solution if money is needed […]
When you’re applying for a hard money loan, you may only deal with one or two people during the process. Behind the scenes, however, there may be several players that are contributing towards getting you the money you need quickly. It typically starts with the private lender who is responsible for originating the loan and […]
If you’re just getting started with the world of hard money lending, you may be wondering whether an uptick in federal interest rates will affect the rates for a hard money loan. To put it simply, hard money loans rates are affected by supply and demand. Supply and demand play a pivotal role when it […]