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!
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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lending: 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)
lending: 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)
lending: A Moral Dilemma?
- 01/07/14 01:41 AM
There are so many stories in the media depicting banks and other lenders as predatory monsters for trying to foreclose on people who haven’t paid their loan as promised. It’s easy to see them as villains, forcing a family out of their home. I know there is real pain out there. People who have been laid off from long term jobs that they held. Medical bills, investments that didn’t turn out, bad luck, and bad decisions. I truly feel for them. But I can’t get my arms around the belief that if you can’t or won’t pay your mortgage as you … (0 comments)
NOT WHEN YOU NEED ONE! 
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