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I always recomend going to a (known) good attorney for all real estate concerns.
I have clients who would love to borrow from you.
Any other questions address to B.C. at BC Commodities jolllyroger@Yahoo.comI am a personal one on one real estate mentor.Please contact me if you decide to become a hard money lender and we can discuss further hwat types of loans you wish to make as well as how to drive business to you.
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∙ 2011-09-12 23:31:50
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What is a "Hard Money Lender"?
A hard money lender loans money with real estate as collateral. The rates tend to be higher than a mortgage because the loans are usually made to people in serious financial trouble.
Is the Hard Money lender the same as a Real Estate Lender?
No, banks can issue real estate loans and mortgages but Hard Money Lenders usually have higher interest rates. Hard Money Lending should always be a last resort given their higher interest rate and lower loan to value rates
Find a Hard Money Lender?
form_title=Find a Hard Money Lender form_header=Use real estate as collateral for a short-term loan. What is the amount that you are seeking for a loan?=_ What type of property do you have?=_ Do you have any prior experience investing in distressed real estate assets?= () Yes () No
Where can I find a hard money lender in the Seattle area?
This lender will do hard money loans in Seattle: http://www.dlendinggroup.com/
How does a hard money lender make his profits?
A hard money lender provides a short term loan with a high interest rate and fees. Further a hard money lender will only lend if in an equity position.
What should a real estate investor look for in a hard money lender?
You will want to look for the lowest possible rate and the longest possible term.
Where can I find a hard money lender in florida?
You can find hard money lenders nationwide at www.dohardmoney.com.
What is a private hard money lender?
A Private hard money lender is what is considered to be a loan shark. This should be your very last resort in obtaining a loan. It is a very risky entitity to get involved with a loan shark.
need a hard money lender to fund prime real estate will share prifit half and half.?
Call your rich uncle or other family member. I don't think you'll find a private lender willing to help you. clerify your proposal. I am open minded.
Is it hard getting into real estate?
The staring of any business is difficult.real estate business is hard because it needs a lot of money.
How can you find a good hard money lender in Los Angeles California?
Hard_money_lenders_Los_Angeles_California!">Hard money lenders Los Angeles California!Finding a direct hard money lender in Los Angeles California is not easy these days. Most of the hard money sources you will find out there are mortgage brokers and other real estate professionals that will charge you higher interest rates and higher points in order to connect you with investors they know.If you are at the point you need hard money loan in Los Angeles CA, then search for a direct hard money lender and make sure it is not a broker.The way you will recognize a direct hard money lender is by asking questions like:1. How much points you charge?2. What is your interest rates?3. Are you a direct hard money lender?4. How long it will take you to fund my deal?5. You draw your own loan docs?By asking question you will know instantly if the person on the phone is a direct source or just a middle person that is trying to earn some money.Hard money lenders in Los Angeles California can help you with properties in Los Angeles county, Ventura county, Orange county, Riverside County, San Bernardino county, South Bay county, etc.Some hard money lenders from California will help you with properties in northern California, but they will probably look for specific type of real estate(probably more commercial with income).If you need lower Interest rates, Lower point and fees from a direct hard money Lender in Los Angeles California then you should contact us and we will help you, even if you have bad credit and low income.www.hardmoneyloans.org
How much higher is the interest rate from a hard money lender if you can't get a loan from a traditional bank?
The interest rate on a hard money loan is substantially higher than that of a traditional bank loan because they do not conform to the traditional banking standards. Hard money loans tend to be used for short term uses from real estate investors who plan to not carry the loan for very long.
