private hard money lender: Are You Considered Using A Hard Money Lender?
- 08/29/23 03:11 PM
One of the most common hurdles for new investors is finding money to fund their deals. While this can be a struggle, finding the capital you seek is more accessible than ever. Between lines of credit, private lenders, retirement funds, credit cards, and traditional bank loans, numerous options are available to those who know where to look. The key is to find a funding source that works for you. Often, that source will be a hard money lender. The hard money lender in Phoenix has gotten a bad rap over the years but has proven a reliable way to fund deals. If … (1 comments)
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private hard money lender: Don't have money to be a real estate investor?
- 08/31/22 05:01 PM
One of the most common excuses investors make is not having enough money. Instead of going out and finding a private hard money lender, they complain about their lack of funds. While excess capital is nice, it is far from a necessity. Many investors get their start without money. What they find is that this allows them to meet more people and develop more contacts. In the end, not having money turns out to be the best thing that happened to their business. It may be difficult to see that if you are just getting started, but a lack of funds is no … (0 comments)
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private hard money lender: Scenarios When A Private Money Lender Is Best
- 08/29/22 10:49 AM
Scenarios When A Private Money Lender Is The Best Financing OptionIn what circumstances would the assistance of a private money lender be your best option for financing a transaction?
A common obstacle among real estate investors is financing. While some have the working capital, they need from day one, others will have to seek ways to obtain it. Often, the average investor will not be able to fund a deal with their own money, which means the assistance of alternative financing is required. Also, most lucrative real estate deals are predicated on timing and capital, as serious sellers are essentially looking to close deals … (0 comments)
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private hard money lender: How To Become A Private Money Lender: Tips From The Pros
- 03/13/21 05:37 PM
Simply put: private money lending allows you to act as the bank for other investors. Rather than directly purchasing assets, you get the opportunity to fund those owned by colleagues and partners. By now you likely realize how beneficial this set up can be. However, there are a few more things you should know before getting started. Read through the following tips before taking on your first deal as a private money lender:
Start Out Small:Identify a range you are comfortable working with and stick to it. The number one mistake private money lenders make when starting out is spreading themselves … (1 comments)
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private hard money lender: A Guide To Real Estate Financing
- 03/13/21 04:04 PM
As a beginner real estate investor, understanding how to finance a deal is just as important as finding one. A lack of real estate financing continues to hinder most new investors in today’s market, simply because they are not aware of the different financing avenues. Whether you have access to working capital or not, there are always ways to acquire capital.
Investing in real estate is never a bad idea. It offers potential investors a slew of financial and personal benefits, such as increased cash flow, home appreciation, and tax benefits. In fact, real estate investment continues to be one of the most popular … (1 comments)
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private hard money lender: Can you sell a home with Doggie Dodie?
- 03/04/21 11:34 AM
Dog DoDo is an added feature?
So recently a home came on the market close to my home. The seller was a FISBO and was having an open house on Saturday. At 11 Am Saturday, I was touring the house along with about 100+ other buyers and RE Agents. The home was a dump. Really bad. But the biggest shocker was that the homeowners were dogie fans and were fostering a lot of dogs in the 3rd bedroom. And the room was covered 2 inched thick on the floor and about 3 feed up the side with dog DoDo. Really bad situation. I meet … (0 comments)
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private hard money lender: Can you sell a home with Doggie DoDo?
- 03/04/21 10:34 AM
Dog DoDo is an added feature?
So recently a home came on the market close to my home. The seller was a FISBO and was having an open house on Saturday. At 11 Am Saturday, I was touring the house along with about 100+ other buyers and RE Agents. The home was a dump. Really bad. But the biggest shocker was that the homeowners were dogie fans and were fostering a lot of dogs in the 3rd bedroom. And the room was covered 2 inched thick on the floor and about 3 feed up the side with dog DoDo. Really bad situation. … (0 comments)
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private hard money lender: Unconventional Home Loans For Buyers And Investors
- 09/28/20 05:40 PM
One of the biggest mistakes potential homebuyers can make is assuming that they cannot qualify for a mortgage. There are numerous unconventional home loan options available to make buying property possible for more consumers. Even without the perfect credit or the money for a large down payment, you may qualify for these loans. Read on to find out what constitutes a non-conventional loan, how to qualify, and pro tips on how to proceed if you want to buy a home with a non-conforming loan.
What Is An Unconventional Loan?
A non-conventional loan, or mortgage, is a type of loan that does not have to follow … (0 comments)
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private hard money lender: What are the different finance options for real estate.
- 08/18/20 06:55 PM
A Guide To Real Estate Financing
As a beginner investor, understanding how to finance a deal is just as important as finding one. A lack of real estate financing continues to hinder most new investors in today’s market, simply because they are not aware of the different financing avenues. Whether you have access to working capital or not, there are always ways to acquire capital.
Investing in real estate is never a bad idea. It offers potential investors a slew of financial and personal benefits such as increased cash flow, home appreciation and tax benefits. In fact, real estate investment continues to be one of the … (2 comments)
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private hard money lender: 4 Warning Signs of a Bad Wholesale Deal
- 08/10/20 05:26 PM
4 Warning Signs of a Bad Wholesale Deal
Wholesaling is among the most popular exit strategies for entering the competitive world of real estate. With minimal capital and no experience, wholesaling offers new investors the quickest method for generating a healthy income in real estate. However, not all wholesale deals are created equal. Truth be told, some deals are not worth your time, or your money, and you need to be able to recognize them before you make your next move. To identify a good wholesale deal, it is important to understand the fundamentals of what real estate wholesale is.
Wholesaling is the act of buying a … (8 comments)
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private hard money lender: Getting into Fix & Flips? Read This Appraiser’s Advice First
- 06/16/18 11:52 AM
When people hear about Level 4 Funding and the work we do, they often wonder exactly how people put hard money loans to use and create real value with them. Oftentimes, those we help work in the “fix-and-flip” business, rehabbing houses. Of course, the next flurry of questions usually surrounds who does that and how they make it work. We’ve been lucky enough to get a few professional home rehabbers to open up a bit about their work and are highlighting their stories. Jason Maze of Maze Enterprise and Amazing Appraisals was kind enough to give us some insights.
Jason Began as … (1 comments)
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private hard money lender: What Hard Money Lenders Arizona Need to Know
- 06/01/18 09:43 AM
Hard money is a great way to fund your next real estate investment. But to secure the loan you will need to know what hard money lenders Arizona need to know about your deal.Everyone knows that when you approach a bank or mortgage company for a loan, you are going to be required to complete a huge pile of applications and forms. In addition, there will be many other documents that you will be required to submit with your application such as bank statements, tax returns, other loan documents and earnings statements. But applying for a hard money loan is an … (0 comments)
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private hard money lender: 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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private hard money lender: How to Prepare to Speak to Hard Money Lenders
- 03/21/18 12:32 PM
Being prepared is the best way to ensure that you can get offers from hard money lenders. But the secret is in knowing how to prepare.It can be very stressful seeking a loan. Many people hate to feel that they owe someone money even when it is for a legitimate loan or mortgage. But being well prepared can help to eliminate much of that unnecessary stress and also can help to ensure that you get the loan that you need. Approaching hard money lenders for a loan is not exactly like going to a bank or a mortgage company to ask … (2 comments)
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private hard money lender: Why, why did you wait till the last minute to call me for help?
- 10/25/17 02:30 PM
It’s happened all the time.
Every Friday, just before I’m ready to go home the phone rings.
On the other end is a frantic home owner who desperately needs to refinance their loan.
They say “Now. I mean NOW! “ Why I ask.
They say “because we are in foreclosure and the sale
is set for Monday at 10AM.”
You mean like next Monday, in 3 days?
Now what do we do?
I tell the owner they have a few options that I can think of:
Start packing dude, you are going to be moving. Call an attorney and explore the options of … (0 comments)
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private hard money lender: Advice for First-Time Texas Commercial Real Estate Investors
- 09/11/17 11:01 AM
Texas Commercial Real Estate investing can be a very lucrative investment strategy. Here are a few tips to help first-time investors succeed.With the instability in the Asia and the resulting tweets in America, some are wondering if another crisis fueled by instability is at hand. While the politics of the world can be unnerving, those that have been in real estate investing for some time are still betting that the double-digit return that many have seen in the last few years will continue to climb. After all, in an unsteady world, the solid aspect of land can feel a little more … (0 comments)
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private hard money lender: Cash Out of your Residential Loan with a Private Hard Money Lender
- 09/07/17 04:25 PM
Use your existing residential or commercial mortgage loan to obtain money which can then be used for a variety of projects. These are just a few of the many reasons individuals and businesses refinance and why they often turn to a private hard money lender.
Investors get cash-out refinances on existing residential and commercial mortgage loans for a variety of reasons. In many instances, they are looking for cash with which they will purchase another property. Contractors or Realtors may use this type of funding for rehab purposes while others require capital for upcoming taxes or a nearing balloon payment. A business … (0 comments)
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private hard money lender: I'm really starting to hate Monday mornings.
- 08/25/17 01:17 PM
Ok, it’s 8 a.m. and I'm at my desk waiting for the phone to start ringing. Usually, this is a good thing. But on Monday, it’s not so good.
This is when people call me, the ones who have spent the weekend binge watching those FIX and FLIP Home shows and, bingo bang bongo, decide it’s so easy and want to get into staring lucrative business of Fix/Flip and making all of that money. It seems easy on those shows. You stroll down those designer isles and pick out some nice tile and bathroom fixtures that will match those gorgeous black cabinets. … (1 comments)
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private hard money lender: Look out! BofA Gets Nailed with a $45 Million Penalty……Wow!
- 08/09/17 10:49 AM
After years of trying to help home owners it was nice to see that finally the borrower was vindicated in the modification requests. Following is an accounting of Bank of America recent attempt with the modification process.
By Jenny Park | Geraci Law Firm
A California bankruptcy judge handed down a $45 million penalty against Bank of America Corp. (“BofA” or “Bank of America”), decrying the manner in which the bank treated a California couple who attempted to save their property from foreclosure.
Judge Christopher Klein, a federal bankruptcy judge for the United States bankruptcy court, Eastern District, stated the financial institution’s mortgage modification … (0 comments)
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private hard money lender: The 5 Benefits of Leveraging with Flip Loans
- 04/03/17 11:35 AM
Whether you are still looking for the perfect prospect or have locked in on a neighborhood or unit you love, you're buying power is substantially increased with you utilize flip loans. Leveraging with flip loans allows you to grow your property investment business at a rate you truly want and allows you to purchase and work on more than one property at a time.
5 Benefits of Leveraging with Flip LoansTimingWhile your ideal dream of growing your investing empire may be to use cash or to leverage your own properties to buy additional locations, it will take time. If you are watching … (0 comments)
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One of the most common hurdles for new investors is finding money to fund their deals. While this can be a struggle, finding the capital you seek is more accessible than ever. Between lines of credit, private lenders, retirement funds, credit cards, and traditional bank loans, numerous options are available to those who know where to look. The key is to find a funding source that works for you. Often, that source will be a hard money lender. The hard money lender in Phoenix has gotten a bad rap over the years but has proven a reliable way to fund deals. If … (1 comments)
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