The following helps to debunk common myths associated with hard money loans. • Legitimate Business – Despite what many people may think, a hard money lender is a legitimate business. They are essentially no different from a bank in that they loan money, but they are not subject to countless government regulations and rules. Hard…
Are all hard money lenders dishonest? While decades ago many hard money lenders earned a bad reputation, times have changed and so have hard money lender practices. Today’s professional hard money lenders specialize in offering a wide variety of loans, including but not limited to, apartment building loans, bridge loans, commercial building loans, commercial property…
Most investors have first-hand experience with understanding the difficulty of obtaining real estate investor loans in today’s market. When the market was hot several years ago, these loans were a breeze to obtain, even requiring minimal paperwork. Today, with the financial climate changing, the government has enacted new laws and regulations that have made it…
Hard money lenders are private companies or individuals that specialize in offering short-term loans. These types of loans are secured by the quick sale values of properties that are owned by the borrower. Interest rates greatly vary on these higher risk loans, which see increased interest rates, often substantially greater than traditional banks. These higher…
Late night television shows, books and even news specials highlight get rich quick real estate schemes. The reality of real estate investing is that it takes patience, practice and thorough research. Additionally, it requires significant financial resources. Real estate investments are, however, diverse holdings that offer excellent additions to investment portfolios. The following highlights several…
Successful real estate investors all have something in common: they know how to make good investments. What’s their secret? This article helps dissect the top five things every real estate investor knows. Local Pricing – Fluent in the latest real estate market trends, investors know in-demand real estate markets, areas that offer rapid price acceleration and…
There are two different types of real estate investors: those that are speculative and take higher risks and those that are more conservative and desire safe, long-term investments. While speculative investing can be fun and exciting, it can also result in financial ruin. It is necessary that speculative investors thoroughly analyze investments before committing to…
In 2008, the economy saw commercial real estate prices plummet by more than 10-percent. Savvy real estate investors are now on the scene, recognizing that these lower-than-average commercial property values make excellent investment opportunities. A recent study conducted by Marcus & Millichap Real Estate Investment Services shows that nearly 51-percent of commercial real estate investors…
Hard money is defined as non-traditional lenders that use properties to secure loans. Not backed by government programs, hard money loan rates range from 12- to 20-percent, with an average of one to five points being charged for loan financing fees. With one-percent per point, these fees are often wrapped into the total cost of…
Recently, Realtor.com® published their top list of “Turnaround Towns.” This list highlighted some towns that generated a shock-factor buzz. With strong economic improvements, the following cities are seeing a real estate comeback. Reno, Nevada – Hit hard by the recession, Reno has recently seen median home prices increase by 26-percent within the last year. San…