Hard money loans are typically used for short term purposes, but there is also the option to consider something like a buy and hold loan. These loans involve a strategy where a foreclosed or undervalued property is purchased and held onto until its time to sell, generally once its value has appreciated. In the meantime, […]
One of the most effective remodels you can do to maximize ROI is the kitchen. Per Remodeling Magazine’s Cost vs. Value 2019 report, even a minor remodel is able to recoup about eighty percent of the cost.Kitchens are among the highest priorities when it comes to what buyers are looking for. Along with the bathroom, […]
Private or hard money lending is a great way for flippers and fixers who are dealing with short timelines or want to remain competitive with buyers offering cash. However, a private lender can also work for long term investments such as rental property rehabilitation prior to refinancing into a permanent mortgage. Private money loans can […]
We’ve previously mentioned some common myths associated with hard money lending, but there are more to discuss that first-time borrowers may believe. Keep reading to learn more about some of these hard money myths. Do borrowers have less control in regards to their property when they go with a hard money lender? No. If a […]
Conventional financing may be the go-to option, but there are certain situations where choosing private money lending makes more sense. Let’s explore a few of these. Cash needs. Investors that are interested in properties that may be in distress or foreclosure will have a greater bargaining edge if they have the flexibility to make an […]
Previously we took a closer look at bridge loans, another type of option available to those that are “in between” properties. If you’re on the fence about them, let’s explore a few reasons why they may work for your needs. Time is critical when it comes to deals. If a lender is taking its time […]
The simplest way to define a bridge loan is as a short-term loan providing temporary financing until a permanent financing solution can be secured. These types of loans provide quick financing and they allow a prospective property owner to borrow against the equity in an existing property in order to finance the purchase of a […]
One of the most common reasons investors choose hard money loans is time. Hard money loans close significantly faster than a traditional loan, which can take months. A hard money loan, on the other hand, can be approved in a matter of weeks. Savvy investors know that time is of the essence when lucrative real […]
When upgrading a property for maximum return on investment, bathroom remodels are arguably among the safest and most valuable bet, in terms of interior investments anyway. Whether it’s a project you intend to do yourself or whether you’re planning on hiring a professional, there are some points to consider before tackling a bathroom remodel. A […]
Have you been considering a property to possibly fix and flip or put up a front? If so, you probably have a firm grasp of the repair work it will entail. Have you thoroughly evaluated what it would take to fund all of the repairs? Going with a hard money lender is worth exploring, and […]