7 Questions You Should Ask When Getting a Hard Money Loan

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Seven questions when getting your hard money loan

California hard money loans might be a fantastic device when you’re in a crunch and not able to get your assets from somewhere else. However, hard money lending has its minuses and pluses, but these minuses will diminish when you find a bank whom you trust and with whom you can strike an accommodating arrangement. Here are seven questions you should ask before signing your transaction. 1. What is Your Experience? You’ll need to investigate what the bank has done in the past and who their clients are and were. While most would likely be hesitant to share names, they can disclose to you what types of borrowers…
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4 Situations When a Hard Money Loan Can Help

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Situations where hard money loans in California can help you

Hard money loans in California have several purposes.The property in which one is planning to invest in can be used as collateral against private money loans. To ask for such loans, one needs to be a qualified investor. There are a number of situations when one may need hard money loans, as outlined below: 1. When You’re Doing a Rebuilding Project This project attracts a number of investors because it involves purchasing old properties and refurbishing it in order to sell it at a profitable rate. Such deals are funded by private money lenders in California. Generally, the poor condition of such properties makes it possible…
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10 Smart Strategies For Using Hard Money Loans

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10 smart strategies for using hard money loans

Owners of commercial properties have capital needs for varied purposes such as purchases and renovations. In a perfect world, the owners of the property would seek out conventional lenders such as banks and credit unions since they would most likely offer the lowest cost of money. Sometimes traditional financing is not available to the borrower or perhaps the borrower does not want to tie up personal funds to finance the project at hand. In today’s more complex borrowing world, traditional lenders cannot fulfill all of the needs of commercial borrowers. Often these borrowers look to private lenders to move their projects along. On the surface,…
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6 Reasons Hard Money Loans Can Be A Smart Choice

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Reasons why hard money loans are a smart choice for investments

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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5 Vital Tips for House Flipping Success

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Property investment concept/house flipping success concept

Flipping houses can be a great way to earn a living. However, it is also a lot of work and it requires some fundamental knowledge if you want to make wise judgments. Whether you’re flush with cash to invest or you’re starting out buying a home with bad credit in an effort to increase your earning prospects, it’s important that you take pains to educate yourself so you can be successful in your venture. Here are just a few vital tips that will get you on track for success when you decide to flip houses. 1. Understand Which Homes Sell Quickly The average house hunter…
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4 Ways to Boost Your Fix and Flip Profits

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Buy, sell, fix and flip profits concept

There is no single recipe for success when it comes to fix and flip enterprises. Like buying a home with bad credit, you sometimes have to rely on others and work with what you’ve got. That said, you’re not reinventing the wheel. There are steps you can take to choose wisely and maximize profits. Here are a few strategies to try. 1. Buy In Up-and-Coming Areas If you can buy in areas that are undergoing revitalization, you stand to see lower costs, quicker turnaround, and greater profits in the process. You just have to be careful that you don’t get in too early, when sales…
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5 Major Myths About Real Estate Investing

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Myths and facts about real estate investing

Looking to invest your extra cash in the hopes of turning a profit? Curious about whether or not stocks, bonds, or real estate opportunities might be good options for you to explore as a means of making a little money? The first step is to gather information and know the facts when it comes to investing. Whether you’re looking to win big on Wall Street or just make a dollar or two and buy of bonds, information is key. Lately, real estate has been growing in popularity as a promising investment avenue for potential investors. More and more Americans are taking their chances in the real…
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The 10 Cheapest States to Invest in Real Estate

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10 states where real estate investment is cheap

Saving your money is smart. Investing your money is even smarter. Yet nowadays, the options for investing your hard-earned dollars are a dime a dozen. From stocks to bonds to mutual funds and back again, deciding on which investment choice is best for you can be difficult. More recently, real estate has become another popular option for those looking to turn a profit. Financial experts generally consider real estate investing a more high-risk/high-reward alternative to the traditional securities out there.  Real estate investments are typically much more speculative, require more specialized knowledge, and offer bigger rewards than traditional stocks and bonds. While typically not recommended for…
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The Difference between Hard Money Loans and Private Money Loans

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Hard money loans vs private money loans

If you’re considering investing in real estate, there are many reasons to appreciate hard money and private money loans.  This is especially the case when you compare them to more traditional lending options like bank loans. If you’re agonizing over how to get a home loan with bad credit so that you can take advantage of a fix and flip or other real estate investing opportunity, it may surprise you to learn that hard money and private money lenders don’t care so much about your credit score. Instead, they’re more interested in the fact that you have sufficient capital.  They generally require around 25-35% of the…
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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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