hard money lenders: Hard Money Lenders: Find Help That’s Right for You - 12/07/19 10:18 PM
Hard money lenders offer real estate investors the flexibility needed to finance deals that other lenders avoid like the plague. Of course, not every lender is cut from the same cloth. Learn some of the traits of the ideal hard money lender so you can find the help that's right for you. When it comes to hard money, you want to look out for hidden costs. In the case of rehab projects, sometimes the loan is given to the borrower bit by bit in the form of draws. Don't get ripped off by making interest payments on money that you haven't … (0 comments)

hard money lenders: HOW TO GET RENTAL PROPERTY LOANS WITH BAD CREDIT - 12/06/19 12:17 PM
The American Dream is defined as “the ideal that every US citizen should have an equal opportunity to achieve success and prosperity through hard work, determination and initiative.”Many people believe that the best way to reach that dream is through real estate investments—specifically, rental properties. The most frequent obstacle that gets in the way, for potential investors, is poor credit. Have no fear—the American Dream can still be yours even with bad credit. There is a way around pretty much everything and that includes less than perfect credit.
Very few people have the liquid assets to buy a rental property with cash—that … (0 comments)

hard money lenders: Get in on a Hot Industry with Cannabis Loans - 02/19/19 12:46 PM
With more and more states legalizing marijuana for recreational and medicinal use, the cannabis industry is exploding. Learn how to get in on this burgeoning industry with Colorado Cannabis Business Loans.
Today, marijuana is legal for recreational use in nine states and is legal for medicinal use in 30 states, including Colorado. If you're looking to get into the business, there are a few steps you can take first.
Find out if your county or city is currently allowing applications for licenses. Because the government is trying to control the number of new cannabis dispensaries that pop up, some cities and … (1 comments)

hard money lenders: What's the Difference Between Hard Money and Other Construction Loans? - 02/19/19 12:41 PM
Just like the real estate business, the lending business has changed a lot over the last several years, but one thing is always constant: investors need funding for their construction projects. So which route should you go: conventional bank loans or Colorado Hard Money Construction Loans? Let's look at which one is best for you.
Here's what you need to consider when you're looking at a traditional or a Colorado Hard Money Loan for a construction project:
How fast do you need your money? When you're building, sticking to the budget and schedule are two of the most important elements to success. … (0 comments)

hard money lenders: What are Buy and Hold Loans? - 02/19/19 12:36 PM
Most real estate experts will tell you that Colorado Buy and Hold Loans are a great investment strategy that can transform your portfolio. But what exactly is "buy and hold" and is it a good idea for you?
Buy and hold real estate is pretty straightforward. In fact, it's exactly what the name implies — you buy a property and then hold on to it for a period of time. Most investors choose to rent the property out while they're holding it and then sell it once it's appreciated to a certain point. For the right piece of property, it's a win-win; … (0 comments)

hard money lenders: The Difference Between Banks and Colorado Private Money Lenders - 02/19/19 12:31 PM
When you're attempting to get funding for a fix-and-flip or a new business property, is it better to go with a bank or a Colorado Private Money Lender? The answer depends on a range of factors, so let's look at some of the pros and cons.
Banks can offer lower interest rates. Why? Two reasons. First, banks have tons of retail customers who deposit their money into savings and checking accounts. They pay their customers very little in interest (almost always under 1 percent), so they can afford to lend out funds at a lower rate. Additionally, banks can draw on federal … (0 comments)

hard money lenders: Winning the Real Estate Game Using Colorado Hard Money Loans - 02/19/19 12:21 PM
It IS possible to play — and even win — the real estate game using Colorado Hard Money Loans. Here's a rundown of who they work for and why they can be a better choice than conventional bank loans.
Traditional bank loans and Colorado Hard Money Loans differ in a variety of ways, and those differences give borrowers a diverse range of options from which to choose when they need funding. Let's look at some of the most important distinctions:
Because they have complex underwriting and tough regulations to abide by, banks love to do paperwork. They will check your credit score … (0 comments)

hard money lenders: Why Colorado Hard Money Lenders Turn Down Borrowers - 02/19/19 12:16 PM
Colorado Hard Money Lenders are known for having low qualification requirements for their loans, but fix and flippers who are new to the game sometimes get turned down. We'll tell you why and help you know what you need to get approved.
Let's face it. We live in the age of the fix and flip. Every week, there's a new show popping up about couples who do flips, and most us know at least one person who's tried his or her hand at flipping. All of this can make it seem like a simple way to make millions overnight. And, yes, it … (1 comments)

hard money lenders: How to Make Money with Owner Occupied Colorado Hard Money Loans - 02/19/19 12:11 PM
Owner-occupied Hard Money Loans in Colorado are fantastic for real estate investors who are just starting out but have dreams of making a big splash. Here's how to leverage one to dip your toes into the real estate biz.
A lot of people love the idea of getting into real estate investment. After all, it's a great, time-honored way to build wealth. Many back down, though, when they see how expensive it can be to get started. That's where owner-occupied loans come in. They offer dreamers with a bit of entrepreneurial spirit the opportunity to build, even when they don't have … (0 comments)

hard money lenders: How to Find and Finance a Rental Property - 02/19/19 12:06 PM
If you're thinking about becoming a landlord for the monthly income and property appreciation, you're probably full of questions about how to make it happen. Here's a guide that covers all the basics, from researching properties to getting a Colorado Rental Property Loan.
Research, research, research. Take a course on real estate. Make friends with local agents. Read up on property values. Study the trends of every neighborhood in your area. Being well-informed will go a long way toward making the right decision about your investment property. Know your cash flow situation. To figure out whether you can make money … (0 comments)

hard money lenders: How a Bridge Loan Saved This Colorado Family - 02/19/19 11:59 AM
Can a loan help a family find a safe haven? This is the story of John and how a Colorado Bridge Loan helped his family survive a tough road.
Everything was going great. John graduated from high school at 16 and college at 19, an accounting wunderkind, and landed his first job in finance at the tender age of 21. Soon after, he met Mary and fell madly in love. After a wild few years of travel and exploration, they settled down. First came Alex, a precocious boy with a shock of blonde hair that gave him movie-star good looks in … (0 comments)

hard money lenders: Do Colorado Hard Money Loans Affect Your Credit? - 02/19/19 10:39 AM
Because Colorado Hard Money Loans are private loans that operate outside the traditional banking system, we get this question a lot around here: will a Colorado Hard Money Loan affect my credit? Let's break it down as clearly and succinctly as possible.
The answer to this question comes down to the differences between a conventional bank loan and a Colorado Hard Money Loan. When you get a common mortgage or loan through the bank, they will run your financial life through a system of checks to see if you're the type of person who will pay the loan back. This will … (1 comments)

hard money lenders: How Residential Arizona Hard Money Lenders Made Me a Million Dollars - 02/19/19 09:40 AM
You read that right. Residential Arizona Hard Money Lenders made me a million dollars, and I am going to show you how to do it for yourself.
I was a regular hard working person for years. I would get up in the morning, drive into work, clock in, do my job, and then clock in. I would go home, eat dinner, watch TV, and go to bed. The next day, I would do it all over again.
After a while, I felt so bored with my life. There wasn’t much to it. There was no excitement. Sure, I had a loving wife and … (0 comments)

hard money lenders: What Arizona Private Money Lenders Do and How Borrowing Money Works - 02/19/19 09:23 AM
If you’re considering using Arizona Private Money Lenders but you’re not sure what they do or how borrowing money works, read this article. It will give you all the information you need to know.
Most people have no idea that Arizona Private Money Lenders exist. They only learn about them when they hear a friend used one or they decided to do a search online to see if there was an easy and quick way to borrow money.
This is unfortunate because lenders have helped many people get the money they need in just a couple of days. This can be a huge … (0 comments)

hard money lenders: Why Arizona Hard Money Lenders Want Properties with Equity - 02/19/19 09:18 AM
Are you questioning the reason Arizona Hard Money Lenders want property with equity? Find out the reasons here.
Many people are surprised when they hear that all they need to secure an Arizona Hard Money Loan is property with equity. They feel as though there is some sort of trick involved because it seems so easy.
The truth is that it is easy. This is why Arizona Hard Money Lenders do it.
Property with equity means that they can make their money back if the person they lend money to doesn’t pay it back. This way they don’t lose money.
Think about it for a … (1 comments)

hard money lenders: 3 Exit Strategies Residential Texas Hard Money Lenders Will Approve - 02/19/19 08:50 AM
When you approach residential Hard Money Lenders in Texas for funding, you’ll need to explain your exit strategy. Develop a plan around one of the three common exit strategies to keep your application moving forward.
There are quite a few contrasts between working with residential Hard Money Lenders in Texas and taking out a conventional loan. One key difference is that the principal is typically due in one lump sum at the end of the term. Although you’ll still make monthly payments, they’ll be smaller and will be interest only. Because of this, you’ll need to map out in advance how you … (0 comments)

hard money lenders: Can You Really Be Mortgage-Free with Texas Private Money Lenders? - 02/19/19 08:33 AM
The mortgage-free lifestyle is the stuff dreams are made of, but many people believe it’s not within reach. There are actually many ways to accomplish this, and Texas Private Money Lenders can help set you on the path to financial freedom.
Data from Forbes Magazine concludes the average person is now leaving school with close to $40,000 in debt and one-in-ten with student debts is in default. On the other side of things, Value Penguin places the average amount of credit card debt at over $9,000 for balance-carrying households, while CNBC concludes nearly three-quarters are in debt and the majority believe … (0 comments)

hard money lenders: How Arizona Hard Money Loans Work - 02/15/19 11:55 AM
Arizona Hard Money Loans work similar to conventional loans—with half the hassle and much more flexibility.
Just like a traditional bank, borrowers must apply for an Arizona Hard Money Loan. However, instead of waiting weeks, if not months, to find out if you are approved—you find out typically within a day or two. Unlike banks you are generally financed within two weeks. This is helpful for investors who have found a property and don’t want to lose it to an all cash buyer.
Like traditional loans, Arizona Hard Money Loans have an underwriting process. The good news is Arizona Hard Money Lenders do … (1 comments)

hard money lenders: Fix and Flip Loans - 02/15/19 11:47 AM
With house flipping at its highest level since 2007, dues to rising home prices and more availability in financing, it’s a terrific time to get involved in real estate investments.
Buying and selling houses is the new fad. You will see it on television and read about it on the internet. But, why? Well, if you are an investor, it is one of the quickest ways to make a profit. And while buying, fixing and reselling property can be fruitful— it takes time, effort and money. You need money to buy the property and you also need money to rehab the property. … (0 comments)

hard money lenders: Saved by an Arizona Bridge Loan - 02/15/19 11:11 AM
I had just turned 40 when my father died and I inherited his home. It was a difficult time for our family. And to add to the stress, I had just recently decided to purchase my first home.
Along with the sudden death of my father I was also thrown into a whole slew of new financial responsibility. Being an only child, with an extremely small family, I inherited my father’s home. This had been my childhood home and along with many good memories came the wear of those memories. The house hadn’t appraised for much and needed an enormous amount of … (0 comments)

Mark Gowlovech (HomeSmart) Rainmaker large

Mark Gowlovech

Phoenix, AZ

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Address: 22601 N 19th Ave Suite 112, Phoenix, AZ, 85027

Office: (623) 582-4444

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