How to Get a Fix and Flip Loan for an Investment Property

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How to get a flip/fix loan for investment property

With the job loss and belt tightening since the onset of the Great Recession, many people have been wary of investments. However, now that the economy is in full recovery mode, adults young and old are beginning to once again consider how to make their money work for them now and in the future.  It’s hard to argue the merits of buying low and selling high in a flourishing real estate market. Of course, some of us are still recovering from the recession and trying to get our personal finances back in order after job loss, home foreclosure, or other financial issues. If you’ve ever pursued the prospect…
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New Trends in Private Money Loans

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Private money loans provide a source of financing for lenders with bad credit or for unconventional purchases. New trends are showing this field is growing.

There are plenty of reasons to appreciate hard money lenders in California, Florida, New York, or wherever you may live. If the thought of investing in short-term real estate projects for profit interests you, such as fix-and-flip ventures, you’re going to need these lenders to help you start or further your interests.  This is especially true if you are seeking home loans with bad credit. Yes, you’ll likely pay a little more in the way of interest than you would with a traditional bank loan.  It’s also true that most private money loans are short-term in nature (say, a year).  However, the trade-off is that private…
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What You Need to Know About Fix and Flip Lending

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You can make a pretty penny fixing up run down homes and flipping them for a profit - so long as you can find the financing to purchase the property.

Real estate flipping is nothing new. It has long been a way for motivated investors to turn a small amount of capital into larger sums by purchasing rundown properties, fixing them up, and selling them for a profit. Fix and flip operations generally consists of a person or people who are familiar with real estate and construction. This way these investors know which houses to target with the most potential for gain and which upgrades to undertake that can be completed quickly and at little cost in order to maximize profit. That said, there is another important factor to consider: loans. Most people don’t have the cash…
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The Most Common Uses for Hard Money Loans

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If you want to make some money in the real estate market but don't have the credit score to secure a loan, then you should turn to a hard money lender.

With the real estate market improving by leaps and bounds of late, it’s not very surprising that real estate investors are keen to get back in on the action. Prices are on the rise, which means savvy investors can find ways to buy low, sell high, and earn a tidy profit along the way. Of course, just because investment opportunities are abundant doesn’t mean that financing for such undertakings is readily available. At the moment, it’s still pretty difficult to secure home loans with bad credit. Whereas traditional lenders were handing out loans with no money down like candy before the financial collapse that sparked…
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How to Leverage Real Estate Equity With Hard Money Loans

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How do you secure a loan to buy investment property if you have bad credit? Hard money loans could be the answer.

Whereas the average home buyer might give up on the idea of buying a home with bad credit after being turned down by multiple lenders, those interested in using real estate as an investment are more likely to continue trying to learn how to get a home loan with bad credit.  There is good news for these persistent house hunters. Hard money lenders can provide a solution for certain types of real estate investors, and if you already have some capital you can take full advantage. In addition, any equity you’ve managed to build through other properties could be leveraged to gain access to hard…
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How Do Hard Money Loans Work?

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Hard money loans are an alternative for financing a house or investment property if you can't get approved for a traditional loan.

If poor credit is holding you back from taking advantage of real estate investing opportunities, even though you have plenty of capital or collateral, it’s time you discovered how to get a home loan with bad credit. The first step is to walk away from traditional lenders and seek alternative funding solutions. Hard money loans could be just what you’re looking for, but what is a hard money loan? How does it work and why is it useful when buying a home with bad credit? Here are just a few things you should know if poor credit is stopping you from getting the loan you…
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Income Property Investing Do’s and Don’ts for Newbies

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When first entering the world of property investing it's important to do your homework and avoid costly mistakes.

Investing in real estate continues to be a lucrative industry, allowing some investors to earn six figures or even seven figures annually. Jumping into property investing isn’t something you want to do without some knowledge of the industry, though. You have to understand different terms like hard money and private money, especially when it is time to start financing your real estate investments. You can find both hard money lenders in California and private money lenders in California. This will definitely come in handy when you begin buying properties to rent out. Hard Money vs Private Money Loans in California The main difference between private and…
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Rental Property Investing Do’s and Dont’s

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Before you even start looking into financing a rental property, make sure you've researched these investment do's and don'ts.

When it comes to investing in property, there are as many ways to make mistakes as there are ways to make a fortune! Before you decide to sign on the dotted line, read on to learn some of the do’s and don’ts of rental property investing. DO: Research the Neighborhood of the Rental Property You’ve heard the expression: ‘location, location, location’. In the world of real estate, location is absolutely everything! A good neighborhood is an indication that the property-in-question will retain its value. Think logically for a moment – if you were a renter with a family, where would you want to live? Would…
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Common Reasons Your Private Money Loan Request Would Be Denied

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Understand the possible reasons you may be denied for a private money loan to help better plan your financing strategy.

There are many reasons why real estate investors might seek out private money loans instead of more traditional avenues of mortgage lending. Not only is credit rating generally not a factor, but these loans can be much more expeditious than borrowing from banks. This is because private lenders are more interested in collateral than credit, as well as the plan for seeing return on investment from real estate projects like house flipping, rental properties, or other commercial interests. Because funding comes from an individual or a group of private investors, you won’t have to jump through the same hoops as with traditional lenders. That said,…
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Hard Money Loans and House Flipping

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If you're looking to get your house flipping career off the ground, consider getting startup capital from a hard money lender.

Call it what you want but flipping houses has become Popular with a capital P in recent years. I speculate that the success of books such as Rich Dad, Poor Dad, by Robert Kiyosaki and TV shows such as Flip This House have brought fourth public knowledge on the merits of house flipping. Regardless of how house flipping became popular, it’s in and it’s here to stay! So How Does House flipping work? Well, on pen and paper it’s really straight forward, you buy a house for cheap, you fix up the house and you sell it for more than what you paid for. Easy…
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