hard money: BEING SUCCESSFUL WITH HARD MONEY
- 09/16/19 04:45 PM
Using hard money is a great way to get ahead in the world of real estate investments. Here are some tips to help you along the way.
Not all hard money lenders will require the same amount of money down—and some may not require any at all. However, it is always a good idea to have saved some money first. Even if lender doesn’t require a large amount down, you’ll save money in the long run if you are able to invest your own money in the project. Hard money lenders like to see that their clients have money in the bank. … (0 comments)
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hard money: WHY USE HARD MONEY?
- 09/16/19 04:30 PM
Why would anyone need a hard money loan and what is the difference between a hard money loan and a traditional loan?
Hard money lenders take a different approach than traditional lenders. While traditional lenders base approval upon a borrower’s credit score and income—a hard money lender basis their approval upon the value of the proposed property. The hard money lender’s collateral is in the property. In any case of non-repayment the hard money lender will simply repossess the property and sell it to gain their return. There is risk involved for these lenders. Not only will they work with bad credit; … (0 comments)
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hard money: What Hard Money Lenders Arizona Are Looking For
- 06/01/18 09:46 AM
Understanding what hard money lenders Arizona require to fund a loan will make your application process fast and easy so you can move forward with your real estate investment deal.Most people feel a great deal of apprehension when they are requesting a loan. There are mountains of paperwork as well as many lofty qualifications that must be met. And even after attempting to meet all of the criteria, many potential borrowers are turned down. But knowing what hard money lenders Arizona require to fund a loan request can turn a difficult situation into a very successful investment deal.
Unlike traditional loans which … (0 comments)
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hard money: Tips for Success When Considering Hard Money Loans Arizona
- 06/01/18 09:41 AM
Every industry has its good and bad participants and hard money lending is no exception. But following a few tips can help to ensure success when seeking hard money loans Arizona.As with any loan, careful evaluations should be completed for each lender and the terms for all hard money loans Arizona. If you are not familiar with the process or the loan documentation it is always a good idea to have your lawyer review any documents before you sign them because a hard money loan document is legally binding. In addition, there are a few other tips that can help you … (1 comments)
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hard money: What Are Hard Money Loans Arizona?
- 05/30/18 04:25 PM
Understanding hard money loans Arizona will provide investors with an additional lending resource when they are interested in investing in real estate. It will also greatly reduce the time involved in securing funding.
Hard money loans Arizona are just loans that is secured by real estate. In addition, these loans are funded by private investors or lenders instead of the traditional banks or loan companies. In most cases, the loan is short term such as a 12 month time frame or even as short as three or six months. But the term can be extended to as long as two to five … (0 comments)
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hard money: Do you wish you Could Get Approved for Hard Money Business Loans as a first-time business owner?
- 04/25/18 11:53 AM
Many people become intimidated to apply for a loan is they are just starting their own business, as they assume they will be declined. Level 4 Funding shares how you can get approved for hard money business loans.It’s important to leave intimidation (and ego) at the door. Seriously, about half of people that apply for loans get rejected for one reason or another, but that does not mean you are out of the game. Sometimes conventional lending institutions have stricter loan policies and therefore may not approve first-time business owners or borrowers. However, that’s no reason to give up, because there … (1 comments)
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hard money: How to Get Approved for Hard Money Business Loan as first-time owner?
- 04/25/18 11:53 AM
Many people become intimidated to apply for a loan is they are just starting their own business, as they assume they will be declined. Level 4 Funding shares how you can get approved for hard money business loans.
It’s important to leave intimidation (and ego) at the door. Seriously, about half of people that apply for loans get rejected for one reason or another, but that does not mean you are out of the game. Sometimes conventional lending institutions have stricter loan policies and therefore may not approve first-time business owners or borrowers. However, that’s no reason to give up, because there … (0 comments)
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hard money: Try These Tactics if You Want to Get Your Hard Money Business Loans to Close Quickly
- 04/25/18 11:09 AM
There is nothing like the painstaking process of waiting to see if your loan application has been approved by a conventional lender. Instead of playing the waiting game, Level 4 Funding offers ways to get your hard money business loans to close and fast!
Traditional loan applications are known for being super-complicated to complete, and then the process for the bank or lender to approve can be an even longer, more complicated process! When you’re in need of a loan, time of often of the essence, which is why hard money business loans are the way to go if you need cash … (0 comments)
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hard money: How to Evaluate a Property for Hard Money Loans
- 04/25/18 10:24 AM
Real estate property purchases will benefit by knowing some ways to evaluate a property to best obtain hard money loans. Level 4 Funding offers the following tips to best evaluate the property you wish to get a loan for. When entering the commercial or residential real estate market with the intent to purchase properties, fix them and then sell them for a profit, there are some things you should consider… Especially if you are looking to obtain hard money loans to fund the purchase. The better you are able to evaluate the value and prospective value of the property, the … (0 comments)
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hard money: 5 Tips to Successful Hard Money Loans
- 04/12/18 03:29 PM
Hard money loans are a great way to begin a successful career in real estate. Following a few tips will ensure your success.Any borrowing experience can be stressful if you are not well prepared. But understanding the process and knowing about a few tips to follow can make your first experience with hard money loans simple and successful. Even without personal experience this information will give you a confidence that you are making good choices and will have success with your project.
Picking the right lender is a very important first step in the process. You will want to do some … (0 comments)
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hard money: How to Use Spec Construction Loans for Investing in Real Estate
- 04/12/18 03:06 PM
Are you thinking about purchasing an existing property or rehabbing a property in need of repair? If you are, you’ll want to investigate builder or spec construction loans. These loans are used to finance single property, multi-unit residential properties or commercial buildings to sell for a profit.A number of projects with high Return on Investments (ROI) are passed up because the builder/speculator cannot secure a conventional construction loan from a bank. Hard Money spec construction loans can be used for new builds, rehabilitated older property to be sold for a profit, a group of homes, a multi-family dwelling or a commercial … (0 comments)
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hard money: Commercial Real Estate Loan Rates
- 04/12/18 12:37 PM
Do you have an office building, a rehab, or a multi-unit apartment building? With commercial real estate loan rates at one of their lowest, now may be the right time to consider a loan for your next real estate investment.
If you are an owner or looking to purchase a commercial property, there’s good news to be had: Commercial loan rates remain at an all-time low. With the Federal Reserve promising four rate hikes this year, this may not be so in the future. For this reason, this may be the perfect time for you to purchase or refinance a commercial property. … (0 comments)
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hard money: Why Understanding the Basics Helps to Avoid Red Flags on Commercial Loans
- 03/21/18 11:37 AM
Applying for commercial loans is normally a long process. It is important to avoid raising red flags to keep the process as stream lined as possible.Understanding the basics of commercial loans is critical to completing a loan application correctly and not raising unnecessary red flags which will slow down or stop the application evaluation process. Most commercial loans are offered for between 5 and 10 years but the amortization period is up to 25 years. Requesting a loan for a longer period of time is not normally an option but can indicate to lenders that you might be concerned about your … (0 comments)
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hard money: Tactics for refinancing your commercial loan
- 03/20/18 03:14 PM
When it comes to refinancing commercial loans, you naturally want to qualify for the largest loan with the best terms. Learn some strategies to help you refinance your commercial mortgageOnce your commercial mortgage matures, why should you refinance, rather than selling the property? Refinancing can improve your monthly cash flow and if your property has appreciated in value, refinancing will enable you to pull out additional equity tax-free.
There are some significant differences when comes to refinancing commercial real estate. A Residential mortgage is usually fully amortized and can have terms of up to 30 years. Commercial mortgages have shorter lifespans of … (0 comments)
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hard money: Reasons to use a hard money loan for your next fix and flip project
- 03/20/18 03:04 PM
A hard money loan (or an asset-based loan) offers you the benefits of flexible terms and quick approval. Learn why you should consider this type of loan for your next fix and flip project. Fixing and flipping single-family homes is the subject of many popular television programs and no doubt most readers will be familiar with the process. An investor purchases a single family home, upgrades and repairs it and then sells it for a profit. Every fix and flip project has the same goals, to maximize market value, minimize the cost of renovations and to sell the property in … (1 comments)
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hard money: Ideas for Helping You Obtain Commercial Loans Through a Broker
- 03/08/18 02:01 PM
Why should you seek an alternative lender for your commercial loans? There are many benefits to going this route — Level 4 Funding explains them here, so read on. You may think you’re alone if you’ve been rejected for a loan before or if you don’t have the requirements to seek a traditional loan. But there are lots of alternative ways to get approval for commercial loans. Even if you have a few bad marks on your credit history or not the highest credit score, or if it’s a matter to a tough economy making conservative banks tighten their wallets even … (0 comments)
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hard money: What is hard money
- 11/29/17 12:08 PM
Hard money is a catch all term for asset based loans issued by private groups or individuals. This article discusses some of the advantages and potential drawbacks involved with this type of lending. Most commercial lending requires a tedious approval process. A borrower’s credit history is carefully reviewed, their income is verified and in many cases a substantial down payment is needed to qualify for a regular commercial loan.
Hard money is different. Hard money is a general term for loans that are secured by the collateral i.e. the property being borrowed against. These types of loans are issued by private groups or … (2 comments)
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hard money: What is Hard Money?
- 11/20/17 11:00 AM
Hard money is, simply put, money that is backed by a “hard” asset. Individuals and companies often turn to hard money lenders when capital is required to bridge assets or rapid funding is required.At one time, hard money was thought to be synonymous with back-alley dealings with less-than-stellar individuals offering loans in exchange for 50 percent of your business, or your first born, whichever was worth more. Fortunately, that misconception is long gone. The truth is that many contractors, developers, businesses and even home owners turn to these types of loans for various purposes and in a wide variety of circumstances. … (0 comments)
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hard money: Hard Money Commercial Loans
- 11/15/17 08:03 AM
When traditional loans are unavailable or will take too long to complete, hard money commercial loans will often suit the needs of borrowers quite nicely. Because they are easier to obtain for borrowers who do not qualify for traditional loans because of their credit, these loans are often an excellent short-term solution.If you are a commercial developer and have recently hit a rough patch in terms of your personal or business credit, it is still very possible to obtain a loan to improve your properties or even purchase new ones. Hard money commercial loans have been filling in the gaps where … (0 comments)
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hard money: What Is Hard Money?
- 11/15/17 07:41 AM
In the complex world of real estate investment, there are often terms that beginning investors are not familiar with. Hard Money is an integral part of many commercial real estate projects and understanding how it fits into the overall financing of real estate is critical.Hard Money is a source of funding that falls outside of the traditional methods of receiving loans for commercial real estate investors. In many cases, the time that is required and many strict guidelines for acceptance prevent borrowers from being able to have access to traditional funds. Banks and other lending agencies can take weeks or months … (1 comments)
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Using hard money is a great way to get ahead in the world of real estate investments. Here are some tips to help you along the way.
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