Posts Tagged: hard money loan

6 Reasons Hard Money Loans Can Be A Smart Choice

Posted by & filed under Hard Money Tips.

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Due to your credit history, risk elements of your property, or other reasons, your investment, commercial, or residential loan request may not be approved by conventional lenders like banks because the loan scenario does not fall within their standard risk parameters. In such circumstances, hard money loans come in handy. This article will discuss top six reasons hardy money loans can be a smart choice for you. What are the benefits that make hard money loans a smart choice? 1. Hard money loans fund projects that conventional lenders will not want to even consider. There are situations a bank or some other traditional lender would…
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How to Track Your Expenses When Flipping a Home

Posted by & filed under Credit Tips.

Costs can add up fast when flipping a home for a profit. Keep track of all your expenses with these tips to preserve your profit.

For motivated individuals, fixing and flipping houses provides a unique opportunity to transform an outdated home into a money-making venture. However, making money flipping houses is no easy undertaking. In most cases you’ll find yourself fighting a tight schedule and even tighter budget that demands speedy turnaround.  There’s a reason it’s called flipping. You can reduce some stress, of course, with assistance from private money lenders in California, Texas, or New York.  However, you still need to stay on top of your timetable in order to earn the greatest profit. In addition, you have to do all you can to avoid going over-budget. This can…
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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 to Get a Home Loan With Bad Credit

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You can still find a mortgage for your home even with bad credit, but you'll need to look at alternative sources of financing.

It is truly disappointing that basic classes in finance and accounting have yet to be added as mandatory coursework for our nation’s high schools or colleges. When it comes to preparing America’s youth for life in the adult world, lessons like managing accounts, balancing budgets, and building credit are paramount for financial success. And yet, we release youngsters into the world without so much as a single lesson pertaining to saving money, spending wisely, and properly utilizing credit in preparation for the future. The end result, as expected, is a lot of adults trying to dig themselves out of debt and learning the hard way…
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