Financing

A hard money loan can be used to quickly fund real estate renovations, flips and rental property deals. But how can you refinance a hard money loan you used to purchase the property? We discuss all options in this post. Refinancing Works Great for Hard Money Loans Using a hard money loan to renovate and … Read more

[et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] One way to get your flip project funded quickly is with a hard money loan. We discuss how to use hard money loans to finance house flipping below. Find a Good Hard Money Lender Hard Money Lenders Directory Your first step should be to visit our Hard Money Lenders Directory … Read more

Are you ready to finance a house flip using a hard money loan? Read these 59 hard money loan tips to ensure you cover all your bases! Tip #1: Overestimate Your Rehab Project Timeframe Always expect the unexpected when flipping houses. Problems with property rehabs including contractor issues will extend the project timeline, leading to … Read more

Hard money can provide real estate investors with fast capital when they spot a great deal. However, the specifics of the process need to be well-understood by investors to protect themselves from risk. We discuss how to use a hard money loan to buy an investment property in this post. What Type of Investment Property? … Read more

There are many ways to finance real estate, flip houses or buy and hold properties. However, the wide variety of financing options may not be clear to many borrowers, limiting their access to capital. In this post we discuss hard money vs. private money loans, including their differences and similarities. Hard Money vs. Private Money … Read more

When are hard money loans illegal? What are the conditions that can make these types of loans illegal? Read on to find out… Loans secured by collateral (aka “hard money”) are not illegal per se. Lenders with capital can provide loans to borrowers as long as 1) their rates are not usurious, and 2) they … Read more

If you need fast financing for your real estate project, a hard money loan may be your best bet. While these loans have many benefits, you must first understand how they work. Below are the essential hard money loan requirements you need to meet to successfully finance your project. NOTE: If you’re looking for a … Read more

The goal of taking out a hard money loan is to get financing quickly and with good terms. But hard money lenders have secrets they will keep from you to maximize their profits. We discuss these hard money lender secrets here and how you an use them to get better financing terms. SECRET #1: The … Read more

Hard money loans can be a great financing method for real estate investors to get the funds they need fast. But they come with their own risks. Here are some good, bad, and ugly scenarios that can occur with hard money loans. NOTE: If you’re looking for a hard money loan for a potential real … Read more

If you are a real estate investor looking to start a new project, it is helpful to understand the benefits of hard money loans for financing. In this article, we discuss the 21 benefits of hard money loans to help determine if this loan type is right for you. Benefit #1: Convenience Applying for a … Read more

Can you get a hard money loan when you have bad credit? We answer that question in this post. Getting a hard money loan can mean the difference between getting in on a highly profitable fix-and-flip property deal or having to wait. Since time is money, this means likely losing profit. If you’re looking for … Read more

Hard money loans are a great option for certain types of real estate investors. However, there are some hidden pitfalls borrowers need to be aware of. In this post, we discuss 10 dangers of hard money loans. 1. Hard Money Loans Are Expensive Hard money loans can be expensive in comparison to other types of … Read more

Down payments of between 10-30% are usually required when purchasing a property financed with a hard money loan. The percentage is a wide range that depends on a number of factors and how you structure the deal. NOTE: If you’re shopping around for hard money lenders we suggest checking out our hard money lenders by … Read more

Before you can get approved for a hard money loan, you need to put up collateral. In this post we discuss the types of collateral required to secure a hard money loan. The two types of collateral needed for a hard money loan are: Cash collateral Real estate bought with the loan If you’re shopping … Read more

Exactly what is a hard money loan? In this article, we explain concisely what a hard money loan is, along with the pros and cons of this type of financing. Hard Money Loan Basics A hard money loan is a sort of loan that is collaterized strictly by real estate property as insurance for the … Read more