Real estate investors will typically use a short-term or hard money loan to acquire and renovate properties to flip or rent. This type of loan offers quick access to capital and a speedy close, but typically must be paid off within six to nine months. Borrowers flipping the property will pay the short term note… Read More »
What is a Hard Money Loan?
Okay. You have heard (or maybe not) of the terms “Hard Money Lender” or “Hard Money Loan”. What is a Hard Money Lender? What is a Hard Money Loan? Why is it “hard”? What does all of this mean? Is there easy money out there? Ironically, “hard money” is the easiest money to find and… Read More »
Why Having an Accurate Appraisal by Your Hard Money Lender is Critical
As a real estate investor, it’s critical that you have a pretty good idea what a bank will appraise a property for once it has been rehabbed. A poor or aggressive appraisal by a hard money lender may seem attractive when you’re purchasing, but many times it will come back to bite you. If your… Read More »
