Eventually, you'll have an investor client who needs to close on a deal ASAP, and needs immediate cash to purchase the property they want. Eventually you'll have a retail client whose financing is rejected during escrow, and just needs a bit more time to be approved for a mortgage. In the meantime, these deals are usually failures and everyone walks away empty-handed.
A solution to these two very common issues is hard money. Many agents overlook this as an option, when they could be using it to expand their client base, … (1 comments)
What better time to get your CE Credits than during the summer lull! Wednesday, August 13th, we invite you to join us for Trustee Sale Basics! This FREE 3 CE Credit course will instruct you on how to expertly handle auction transactions, and be a hero to your investor clients!
The general consensus on assisting clients with purchases at auction is steeped in stigma and taboo. I’ve been successfully operating in the trustee sale space for over 16 years, and have created a business and system dedicated to assisting clients in finding and purchasing the hottest properties at auction. I’d like to make a few points in the bullets below:
Tuesday July 15, 2014 12pm-1pm When this valuable seminar is over, you will: Add a hard money lender to your Rolodex of real estate service professionals Introduce hard money to your investor clients Learn the power of leveraging hard money Lunch will be served to all who attend this event in person.
Location: 63 W. Main St., 2nd Fl Mesa, AZ 85201 Bank of America Building, between Center and McDonald
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finance: The Relationship Between Investors And Hard Money Lending
- 05/01/14 07:06 AM
My company bids at the foreclosure auction on behalf of our clients, and also provides hard money loans to allow those investors with winning bids to pay for those properties within the required time frame. In Arizona, a winning bid must pay an immediate $10,000 deposit, and pay the full remainder by 5pm the next business day. Obviously, this doesn’t allow nearly enough time for obtaining a conventional mortgage, so hard money lenders can provide the required cash in one day to allow the investor the ability to buy and control the property. If there were no hard money … (0 comments)
finance: Hard Money Loans Create Opportunity!
- 02/07/14 07:27 AM
Somewhere right now there’s a new real estate investor who would like to get in the game of buying property at the public foreclosure auction. This investor knows that if he makes a successful bid, he has to pay $10,000 immediately and the remainder of the full price within 24 hours, and he either doesn’t have it or it represents his full bank roll. He is worried that if he pays cash, he won’t have enough capital left to do necessary repairs t get the house ready to sell. So this causes him to not make a bid and miss … (0 comments)
NOT WHEN YOU NEED ONE! 
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