Tips, discussion and rants about Hard money lending to real estate investors, real estate investing, private lending and private lenders, mortgage investing and private hard money lenders
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Real estate investors routinely use short term loans to purchase a property, fix it up, and resell to an end buyer. But just as it is risky to buy distressed properties and fix them for resale, it's a challenge to borrower the money for these projects. These are frequently hard money loans, ba...
Ok, you are a real estate investor and you found a killer deal. It needs work, but it's a diamond in the rough. In order to get this deal, you have to close in 8 days. You don't have the cash to buy it outright yet, so you decide you have to use hard money. Besides, it needs major rehab and ...