New Funding Resources
Some starting capital is essential to qualify for a hard money loan. This is a topic that we discussed at length in our previous articles (see our blogs on Why No Money Down Hard Money Loans are a Pipe Dream and Why Private Mortgage Lenders Want You to Invest in Your Deal). The reason for it is simple: the lack of seed capital is the primary challenge for many new real estate investors. However, as with everything else, where there is a will there is a way.
Among the many benefits of working with a hard money lender like us is the flexibility of our underwriting. Our hard money loans are not credit score driven, and we don’t verify our borrowers’ income. When it comes to borrower’s contribution to the transaction, we accept a more diverse variety of sources than traditional lenders.
One of the main steps towards purchasing an investment property is securing a hard money Proof of Funds letter. To be a successful investor, you need to understand what a hard money Proof of Funds letter is, what it isn’t, and how to effectively leverage it to get the best price on your next real estate investment.
Recently we’ve been getting many phone calls from rehabbers looking for an alternative to their current 
Hurray! You’ve read our blog, filled out our detailed application, talked to our underwriters and are now pre-approved for a hard money loan. What does it mean to be pre-approved? What are the next steps that you should take steps? Perhaps even more importantly, how can you leverage this pre-approval to make money in real estate? In this article we break the process down into three simple steps designed to give you peace of mind and help you snatch that perfect investment property.
Are you considering working with a hard money lender for the first time? If so, you probably have many questions about who hard money lenders are, how they work and how different they are from traditional lenders such as banks and credit unions. Hard money loans are not for everyone and not everyone will qualify for them. However, for many investors they offer a fast and nimble source of capital not available from other sources. In this article we discuss key difference between traditional lenders and hard money lenders and why, without hard money lenders, real estate investing would be limited to those with very deep pockets.
