When looking to finance your next real estate investment deal, you may find that seeking out a private lender for a hard money loan is a good option for you. Conventional lending options may not be the best choice for a variety of reasons, such as they take too long to fund and have a lot of restrictions that may be prohibitive. Conversely, a private hard money loan is much more flexible in its requirements and has more liquidity, funding the loan more quickly.Continue reading “What Does a Lender Look for When Making a Hard Money Loan?”
If you’re looking into investing in real estate, you need to have many members on your investment team. One of these team members could be a hard money lender that will help you act on your real estate investments quickly and efficiently. A hard money loan is a short-term loan secured by real estate that you’ll use as an income source. A hard money lender is a private investor who lends hard money loans. Before choosing a hard money lender, here’s a list of good questions to ensure you’re dealing with the right person.Continue reading “Questions to Ask a Hard Money Lender Before Applying for a Loan”
The shortage of affordable accommodation, primarily rental units but also properties for purchase, has reached crisis levels in the U.S. This problem is commonly referred to as the affordable housing crisis.
According to a recent study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC,) no fewer than 4.3 million affordable apartments are needed by 2035.Continue reading “Affordable Housing Crisis Reveals Urgent Need for New Construction of Multi-Family Units”
Hard money lenders, also known as private money lenders, offer investors and individuals special financing options for property development. Unlike traditional lenders, they don’t concern themselves with credit scores or take 45 days to decide.
Doing business with a hard money lender means finishing your project on schedule as you’ll receive upfront funding for your acquisition, renovation, or construction. However, finding the right hard money lender can be tricky as the market is replete with questionable individuals. In this article, we’ll discuss the most important questions you should ask a hard money lender to avoid unpleasant incidents.Continue reading “The Most Important Questions You Should Ask a Hard Money Lender”
Is buying a vacation home a smart investment? When purchasing a second home to use as a vacation home, you may want to consider renting it out when you’re not using it. If this is something you’re interested in, there are several factors to consider. Let’s examine those factors and the positives and negatives of buying a vacation home as an investment.Continue reading “Is Buying a Vacation Home a Smart Investment?”
Sometimes finding the money you need to make your investment work is challenging. This is especially true for those new to investing in real estate. If you’re interested in becoming a real estate investor but need capital to get started, then working with a hard money lender may be an option. However, knowing how to select the right hard money lender for your deal is essential, as they’re not all created equal. Consider these steps when choosing a hard money lender to ensure you protect yourself and your potential investment.Continue reading “How to Select the Right Hard Money Lender for Your Deal”