Entries from 2020-08-28 to 1 day

How Hard Money Loans Go Wrong

Hard money loan deals can go wrong and quickly fall apart. In fact, it can happen more easily bank loans can. Funds are not a problem for banks but they sometimes are for money lenders. While banks are lending their depositors’ funds which…

How to finance a Buy, Rehab, and Rent Property

Ok, you’re convinced: rentals are a great strategy for producing income and the Buy, Rehab, and Rent method makes sense for your business model. Now what? Get your financing! A great first step is to get pre-qualified for a loan. This allo…

How Much Money Can I Get with a Hard Money Loan?

Lending amounts will vary from lender to lender. The overall amount of money in a hard money loan also varies depending on the details of your contract and specified need, but generally falls between $75,000 and $2,000,000 for a residentia…

What Types of Projects Qualify for Hard Money Loans?

Generally, hard money lenders require their borrowers to form some sort of entity (usually an LLC), rather than borrowing as an individual consumer. So, it’s important that you make sure your purchase contract is assignable to an entity or…