Why Most Investors are Running Towards Hard Money Loans

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residential owner occupied loans

Prospective investors often need for substantial loans to finance their projects. However, most of them cannot qualify for bank loans due to poor credit scores. Approximately 33% of Americans have a poor credit score. As such, many investors opt for alternative sources of capital, including the fact that bank loans involve a lengthy process and tedious paperwork.   Today, residential owner occupied loans are gaining favor, and most investors are leaning towards such loans. Hard money loans come from other investors, or individuals and most of them use the property in question as collateral. Hard money allows investors with poor credit scores or those who…
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Easily Invest in Real Estate with Hard Money Loans

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hard money loans

Have you been trying to get a loan for more real estate investments? Are you finding the process is difficult, or it takes too long? Don’t miss out on a great real estate deal waiting for traditional lenders to eventually approve or deny a loan. Why deal with banks or even credit unions and all of their red tape when you can get a hard money loan from reputable private money lenders? It only makes sense when you can typically get a hard money loan in as soon as 7 to 8 days.   What Is a Hard Money Loan?   Most people do not…
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A Guide on Private Money Lending

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private money lender

The nature of the fast-paced real estate industry creates a need for ever-present cash flow. Access to finance can help you cut into the sweet house flipping deal at discounted prices. However, bad credit ratings and bankruptcy filings can deter you from accessing loans from traditional lenders. And you are not alone. Currently, over 68 million Americans have a poor credit score. Luckily, a private money lender is a viable option that will offer quick cash with a lesser stringent approval process. Your Credit Score Rating Doesn’t Matter, Property Value Does Real estate investments are a tricky lot, especially without quick access to funds. Hard…
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Why Should You Use a Hard Money Lender?

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hard money lender

Money can actually be pretty tricky. It’s not quite as simple as taking out a loan when you need one in order to pay for a house, a car or even some bills that have managed to pile up on you. There are lots of different types of loans out there and many different types of loan institutions that can provide you with money when you need it. So why should you choose a hard money lender to get the funds you need? Learn a little more about hard money loans and hard money lending, and learn why this might be able to help you…
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Benefits of Using a Subprime Loan to Buy a House

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Buying your own home is a major part of the American dream. For most people, this will require borrowing money in the form of a mortgage.   Over 10 years ago, there were many different types of mortgages available. These included “A paper” (for those with perfect credit, provable income and plenty of reserves), “Alt A” (short for alternative to A paper, for those who couldn’t quite meet the requirements of A paper, subprime (for those who couldn’t fit into the Alt A box) and hard money (for those with very poor credit or a property in poor condition).   After the housing and mortgage…
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When to Use Commercial Hard Money Lenders in California

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Are you starting a new business and planning to purchase property? Are you turning your online business into a physical business? Or are you in need of an upgrade? Purchasing a new or upgraded brick-and-mortar location for your business is the first step in becoming more established in your industry and community. Whether the physical location is a storefront, a warehouse, or an office, there’s a lot of excitement that comes from purchasing real estate for your small business. But don’t forget about the stresses that come with purchasing real estate. Fortunately, hard money lenders can help you with the financing process. But you should…
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How to Get into California House Flipping

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If you’ve got cash to spare or a property or two already on the market, maybe you’ve considered getting into house flipping. If the numbers add up for you, it can be a great way to start multiplying your worth and helping to turn decrepit properties around. Novices might be intimidated, but thankfully anyone can get into California house flipping. Population trends on the coasts show that people are moving from the center of the US toward one of the edges. That means that any of those foreclosed and poorly tended properties on the market could hold serious value if given a little TLC. If…
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How to Get a Hard Money Loan: The Complete Guide

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Your dream is to manage income-generating real estate properties instead of managing a stack of papers in an old cubicle. But you know it takes money to make money. And that’s why you want to know how to get a hard money loan in California. We don’t blame you. Research shows that over 6% of homes sold in 2016 were the result of flipping–an activity hard money lenders financially support. That’s the highest percentage in 10 years, since before the Great Recession struck. How exactly do you go about getting a hard money loan to turn your real estate dream into reality? We’ve compiled a…
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Guide to Using Hard Money Lenders in California When You Have Bad Credit

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When you find an investment property that you want to purchase, you need to find a lender who can get you the money needed to secure the deal as fast as possible. But, for the growing number of people with struggling credit scores, finding a lender who will grant a quick loan can be a challenge. Is your credit keeping you from getting the money you need to make money on investments? If you have a less-than-perfect credit score, you’re not alone. According to a 2015 survey conducted by VantageScore, around 68 million Americans have poor credit. As one of the millions of Americans with…
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5 Reasons Hard Money is the Best Option for Commercial Real Estate Loans

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Looking to build up your commercial real estate portfolio this year? Did you know private lending is reshaping the mortgage market? If you or your investing team don’t qualify for certain types of financing, an asset-based hard money loan may be the way to go. Sound enticing? Read on to learn the 5 reasons why hard money is the best option for commercial real estate loans! 1. Fast Commercial Real Estate Loans The application and approval process for a standard bank loan or mortgage doesn’t come easy. It involves multi-page forms and supporting documents. It can take weeks for a lender to respond or approve…
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