Jun 5, 2007, 23:44,
Oct 26, 2005, 18:16,
For the best chance at success, find a hard money lender who is familiar with the situation you’re facing. Lenders are often more comfortable when they know a lot about the issue at hand.
Oct 25, 2005, 23:02,
Have you found an awesome deal but just need a little financial help getting the project off the ground? A hard money lender may be the answer. But you need to get your facts ready before you approach a lender.
Sep 25, 2005, 20:36,
Most Lenders consider 4 vital facts before giving you a residential mortgage:
Collateral.The value of the property you are borrowing against.
Credit. The way you have paid people in the past is considered a good indication of your willingness to pay money back in the future. 75% or more of loan originations involve the use of FICO credit scores.
Capacity. Do you have the income to pay this loan and still eat!
Commitment. How much of a cash down payment did you put down.
Sep 8, 2005, 18:22,
What you need to know about the Hard Money Mortgages and Predatory Lending.
Aug 18, 2005, 18:42,
As you ascend the dizzy heights of property investment, don’t lose your head and ignore mortgage research and advice.
Jul 27, 2005, 14:25,
The most common stumbling block to investing in real estate is not having enough cold, hard cash to act quickly to snatch up the hot deals. What if you could create a hassle-free, never ending supply of money to do all the deals you want? What if there were no red tape delays from big money lenders? What if you were finally in control of your own destiny?
Jul 19, 2005, 08:19,
There are a lot of misconceptions regarding Hard Money Loans and Hard Money Lenders (HMLs). Most of the confusion surrounds the differences between conventional mortgages and HMLs.
Jul 18, 2005, 08:45,
Every Real Estate Investor (REI) wants to close as soon as possible but unless you help the process along by doing the simple tasks required by your Hard Money Lender (HML) and the title company you are almost guaranteed to miss your closing date.
Jul 16, 2005, 11:11,
List of Hard Money Lenders.
May 17, 2005, 12:13,
Unlike other investors, my venture into real estate was a natural extension of my secondary business as the IP Ware software developer. However, opportunity and perseverance beget wealth, or at least a decent side income.
May 10, 2005, 12:24,
Not a week goes by that I don’t read on some real estate investing website, the following refrain from some real estate investor, “Where are all of the real hard money lenders??Being an active hard money lender, and knowing of others who do this around the country, this always amuses me. It has become apparent over the years that there has been an ongoing debate about the services that a hard money lender should offer and what criteria is warranted, and in most instances, necessary for both the lender and the borrower. In this article, I hope to explain the changes that have taken place over the years in this important relationship, and what to look for with regard to hard money lenders.
May 9, 2005, 10:47,
Having a good hard money lender will help you to become more profitable. You will be able to take advantage of deals when they come available. You will be able to act quickly if need be. You will be able to obtain a prequalification letter from your lender to give yourself more credibility when making offers, and finally, you will be able to act as the bank by connecting your wholesale buyers with your lenders so they can borrow money to buy properties from you.
May 9, 2005, 10:43,
Finding hard money lenders isn't really a mystery. At least it isn't a hard mystery to solve. You just need to get out there and take the right steps toward uncovering them.
There are many different ways their investors, attorneys, accountants, insurance agents, etc., who are generally to locate hard money lenders or private lenders. When talking with other professionals, I tend to refer to my lenders as "private lenders" simply because not everyone is familiar with the term "hard money lender." I have found most of my lenders by asking for referrals from o willing to help me because I do what I can to help them. Some of my favorite people to ask are settlement/closing attorneys. They usually prepare the loan documents for hard money lenders and most attorneys will be able to give you at least one name. In fact, on a number of occasions the attorney whom I asked for a referral was a hard money lender themselves.
May 8, 2005, 12:18,
Private--or “hard money?-lenders are private individuals with surplus money available for investment. Some have deep pockets while some have limited resources. Based upon their own personal criteria, they lend this surplus money, primarily on a short-term basis, to real estate investors who use it for a variety of profitable purposes including buying and repairing distressed properties.
Apr 30, 2005, 13:54,
How to Use Hard Money Lenders...
When purchasing a house you're looking to sell quickly, investors often will use a hard moneylender.
Apr 24, 2005, 23:39,
Hard Money Lenders are in the business of providing loans and loan services to people who require hard money loans (loans collateralized by real estate.) Hard money lenders may be direct hard money lenders or hard money brokers. Most hard money lenders are, in actuality brokers. Some hard money lenders are both brokers and direct lenders. In these cases, the hard money lender generally funds one or up to a few small loans per year and serves in the broker capacity to clients for the balance of loans the help to originate.