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Hard Money Lending in Massachusetts
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Hard money or private financing is an excellent tool for real estate investors looking to "flip" a property for a quick return on investment. In today's lending world it is more and more difficult, onerous & time consuming to obtain a conventional loan to finance the acquisition and rehabilitation of investment real estate. Even when the project seems like a "no-brainer" to you, a conventional lender can take up to 90 days to fund and close a loan...if they do at all. The fact is, in today's real estate world, hard money or private financing is the best tool available for real estate investors looking to make a quick profit by (1) purchasing a property in need of renovations for short money, (2) making the necessary renovations and (3) then listing the property for sale at a competitive "quick sale" price.
A smart, savvy and aggressive real estate investor will see the benefit in paying the higher interest rates and fees associated with hard money financing and will know that by using private financing as an investment tool and strategy there is more money to be made in the long run ... more
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