Posts Tagged 'Private Money Lenders'

Coming To Terms With Private Hard Money Lenders

Posted on: October 22, 2011

Categories: Other Articles

Author: lbuen

Private Hard Money Lenders – Quick and Flexible Source of Funding

Many real estate investors turn to private hard money lenders because they can provide quick and short term financing, require less paperwork and less stringent qualifications. Oftentimes, these money men lend to individuals who do not qualify for a traditional loan because of bad credit rating and other similar circumstances. This exposes them to higher risks of default. To offset this, they have laid their own terms when lending money. Of course, these terms vary from one lender to another, but nonetheless, they share more or less the same lending yardstick. Before using private hard money, let us take a look at the answers to questions pertaining to the terms of private hard money loan to find out if they fit your needs.

1. How Much Can You Borrow

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6 Sure-Fire Ways of Attracting Private Money Lenders

Posted on: October 9, 2011

Categories: Buy, Other Articles

Author: lbuen

6 Sure-Fire Ways of Attracting Private Money Lenders

Private Money Lenders – The Most Convenient and Flexible Source of Funding

As you already know, funding for your real estate deals is essential; without which, the deal cannot proceed. However, you may have noticed that with the present real estate market falling apart at the seams, getting funding is not as easy at it used to be. Requirements for traditional funding have become tighter. You cannot get a Fannie Mae and Freddie Mac loan for your real estate investing deals. Sourcing from hard money lenders can cost you by as much as 25 percent in interest and points. Because of these, more and more investors are turning to private money lenders to finance their deals. But with so many real estate investors seeking non-traditional funding, how do you lure these financial backers to invest in your deals?

How to

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Crossing Over From Real Estate Investing To Private Money Lending

Posted on: January 19, 2011

Categories: Investors, Other Articles, Profit

Author: lbuen

Why Try Private Money Lending?

To Extinguish an Impending Burnout. While you push your way in the real estate investing arena, do you sometimes wish you could slow down and slack off from the frenzy of scouring for handyman specials, hammering away rehabs and hawking your wares? Were there times you wish you can just call for a time-out, watch the game from the sidelines and hand out water to the thirsty players? If you are feeling this way, why not consider crossing over to the other side and try your hand at private money lending.

To Satiate Curiosity and Spur Growth. Let’s say you have considerable amount of capitalization as a successful real estate investor who has been around the block for some time.You have stabilized your finances after several flips… Read the rest

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What you must do PRIOR to Obtaining a Hard Money Loan

Posted on: September 15, 2009

Categories: Investors, Reviews

Author: buyfixandprofit

Smart investors will get pre-approved to refinance their hard money loan prior to obtaining the loan!  Hard money lenders are not in the business of lending their money for the long term.  They will not refinance your project once complete.  Even if the plan is to sell the property for a handsome profit, one never knows what may happen so be prepared to deal with any scenario.

Rehab finance is not a topic that every mortgage broker or banker is familiar with.  I have learned this lesson the hard way and almost lost a property due not being able to find a suitable end lender for my first rehab project.  Especially in today’s difficult financial and real estate market, the rehab investor MUST have a solid exit strategy when using short term loans.

I once thought that if I… Read the rest

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