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texas hard money loans: Try These 4 Tactics to Get 90% Texas Hard Money Loans
- 02/19/19 08:55 AM
Most lenders offer 50-60% LTV (loan-to-value) as a standard. However, you can get 90% Texas Hard Money Loans if you know what lenders are looking for and adjust your strategy to suit.
1. Bring on a partner with experience. There’s a fairly large learning curve when it comes to real estate investments. Particularly as things stand now, with the markets leveling out or only climbing slowly, the success of any given project depends largely on the skill of those involved. If you don’t have experience or are weak in one or more areas of fix-and-flips, bringing on a partner who is strong … (1 comments)
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texas hard money loans: Top 4 Pitfalls of Owner Occupied Texas Hard Money Loans
- 02/19/19 08:45 AM
True owner occupied Hard Money Loans in Texas are relatively unheard of in the industry. If you’re looking for one of your own, it’s important to become familiar with some of the drawbacks before you commit.
1. You, personally, must live on the property. Many people seek out owner occupied Hard Money Loans in Texas in the hopes of getting a better deal on financing, simply because most “owner occupied” lending options do have better terms. The logic behind this is simple: people will fight tooth and nail to keep their home. There’s less risk for a lender, so the lender … (0 comments)
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texas hard money loans: Top 4 Tips to Get Your Texas Hard Money Loans to Close Faster
- 02/19/19 08:23 AM
One of the biggest benefits to using Texas Hard Money Loans is that they can get cash in your hands quickly. To keep the process moving smoothly, come to the table prepared.
1. Establish a main point of contact. Most lenders will pair you up with someone, be it an account manager, broker, or assistant. It’s important to develop a relationship with this person and ensure the lines of communication are open, so they can follow up with you as needed and keep you informed of the progress. If you aren’t given a main point of contact, find out who you … (0 comments)
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texas hard money loans: Soft vs. Texas Hard Money Loans: Finding The Help That's Right For You
- 02/15/19 10:07 AM
How should you go about financing real estate? Money is money after all, but there are different types of money. Whether you are a first-time real-estate investor or a long time player, what is the right source of money, and what’s the difference between soft money loans and Texas Hard Money Loans?
Hard money is secured, by hard assets that you can touch and feel, like real-estate. Your credit and income are a non-factor, which might sound too good to be true. Well, hard money is a bit more expensive, interest rates are usually above 10 percent, and loan terms usually entail … (0 comments)
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texas hard money loans: The Benefits of 90% Texas Hard Money Loans
- 02/15/19 10:01 AM
Online articles about Texas Hard Money Loans often cite that this type of financing entails a steep down payment, so is hard money is reserved only for cash-rich investors?
The first thing to discuss when it comes to hard money and down payments is LTV. LTV is the amount you can borrow, as a percentage of a property’s value. Most hard money mortgages have an LTV of 70, so if you wanted to finance the purchase of a property listed at a million, you'd need to have 300 thousand on hand for a down payment.
This steep down payment is one of … (0 comments)
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texas hard money loans: How to use Texas Hard Money Loans to Finance Rental Properties
- 02/15/19 09:55 AM
When it comes to Texas hard money loans, one of the big factors banks will look at is your debt to income ratio or DTI. But what if you want to buy into rental properties to improve your income situation? If that is your case your pretty much SOL if you rely on the bank. But there is another way.
There is another way to finance rental properties called hard money. With hard money, if a deal is good enough, you can qualify even if you don't earn a "steady," paycheck.
Of course, hard money doesn't come cheap. These loans come with double-digit … (1 comments)
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texas hard money loans: The Benefit of Purchasing Rentals with Texas Hard Money Loans
- 02/15/19 09:43 AM
Most in the real-estate investment game consider Texas Hard Money Loans to be best suited for house flips, but what about long term rentals? Why would you want to use hard money to buy a rental property? Since hard money is supposed to be paid off in a handful of months, it’s easy to assume this type of financing isn't meant for long term investments.
But hard money allows you to finance distressed properties based on their worth after their repaired. With hard money you can pay nothing for your next rental using a simple strategy: buy a distressed property, raise … (0 comments)
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texas hard money loans: How to Use Hard Money for Texas Fix and Flip Loans
- 02/12/19 11:42 AM
Jumping into the real estate business can be difficult—high risks can accompany seemingly easy decisions, and consequences can easily put you in the red instead of a rising line of profit. Read more below to see how hard money can help with the costs of your fixer upper.
The first thing most people will tell you when you’re about to renovate a home is to be smart. Doing your research and investing in a reliable team will be important so that you don’t end up in a hole of debt. Any money lender will want to know that you have solid plans … (0 comments)
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texas hard money loans: Achieve Business Goals with Commercial Real Estate Loans in Texas
- 02/01/19 01:07 PM
Commercial Real Estate Loans in Texas can help you achieve your business goals. Learn how in this article.
Two is better than one. Always remember this, and if you have two already, three is better than two. Of course, more is not always better, but in the case of business locations, it is.
If you’re outgrowing your current location, you have a decision to make. You can either find a bigger location or you can open a second location. What you decide to do highly depends on the business you run.
We know this is a scary thought and risk. In business, that’s what … (0 comments)
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texas hard money loans: Texas Hard Money Lenders Help People Make Ends Meet
- 02/01/19 12:36 PM
Are you struggling financially and don’t know what to do because banks aren’t approving you for a loan? If so, Texas Hard Money Lenders can help.
What many people don’t know is that Texas Hard Money Lenders help people in tough financial times. They provide loans that can be used for anything that they want. This can come as huge relief.
Texas Hard Money Loans are not like the ones you get at the bank. They do not carry the same terms or criteria for approval. They are short term loans, so about 12 months. You do not have to have excellent credit … (0 comments)
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texas hard money loans: How to Use Texas Hard Money Loans to Make Money
- 02/01/19 12:18 PM
If you’ve been wondering how to make it big in real estate investing, consider Texas Hard Money Loans. Find out how you can use them effectively.
Time is money when it comes to real estate investing. When a good property hits the MLS, it can be minutes before it’s sold. This is why you need to find a way to have the cash you need quickly.
Texas Hard Money Loans make it possible for you to have this cash as soon as you need it. It only takes a day or two to have it deposited into your bank account, and all you … (0 comments)
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texas hard money loans: Top 3 Ways to Maximize ROI When Flipping with Texas Hard Money Loans
- 02/01/19 09:30 AM
Texas Hard Money Loans are a great way to fund fix-and-flips and turn a profit. Optimize your projects with a few key strategies that boost ROI.
1. Check and recheck the value of the property. There are many tools on the market that can help you identify what any given property is worth. Don’t rely on a single method. Run comparative stats and bring out value experts if need be; appraisers, contractors, and other rehabbers can help you detect issues that decrease property value, so you don’t wind up paying more than the property is worth. Don’t be afraid to use information … (0 comments)
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texas hard money loans: How to Find a Hard Money Lender in Texas
- 01/28/19 07:55 AM
Read this article to find a hard money lender in Texas and learn how to make sure your loan gets funded.
When it comes to Texas Hard Money Lenders, many people don’t really know what they are. They have been stereotyped as loan sharks trying to take your money, but in reality this couldn’t be more false. Texas Hard Money Lenders are simply private investors that want to work with you and make money with you.
Finding a hard money lender can sometimes be difficult—especially because Texas Hard Money Lenders vary just as much as borrowers vary. Stay away from anyone trying to … (0 comments)
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Most lenders offer 50-60% LTV (loan-to-value) as a standard. However, you can get 90% Texas Hard Money Loans if you know what lenders are looking for and adjust your strategy to suit.
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