Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
As an investor—or potential investor—you may need to weigh the circumstances that justify using either commercial hard money loans or investment property loans. The key is knowing the type of transaction involved before you proceed with any additional research. The...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
After taking surveys of over 3000 Mortgage Brokers, Realtors and Real Estate Investors, we have tallied the survey and comprised a list of the Top 10 Reasons that Hard Money Loans don’t close. 1. Many Real Estate professionals (brokers and realtors) don’t...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
I get so many calls from investors in a scramble looking for Proof of Funds letters after they have an accepted contract. I see this as working backwards. You should have one in hand when going to make your offer! Don’t you want to know that you have the funds lined...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
There seems to be a ton of confusion when it comes to hard money loans and hard money lenders these days. Most of the confusion seems to be in the thought that if you find a deal and have no money, someone will fund it for you. This is one of the biggest issues with...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
The Northern NJ multi-family market is in a white-hot surge. Vacancies are way down and rents are way up. In fact, in certain parts of Northern NJ’s urban markets, rental rates increased over 11% from Q2 2011 to Q2 2012. In addition to the vacancy and rental rate...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
1. Find a lender 1st – So many borrowers are doing steps 1 and 3 backwards. You need to know you have a lender or lenders before going to find a property. What good is a great deal that you can’t close on because you don’t have the financial backing. Too many...