New Funding Resources
Archimedes famously proclaimed: “Give me a lever long enough and I shall move the world.” In finance, like in physics, leverage allows accomplishing incredible acts with only a fraction of the effort. We talked about our hard money loans and the leverage they provide in our previous blogs, but let me re-cap.
Hard money loans allow a real estate investor to effectively compete with cash offers while investing only a fraction of cash needed to purchase and rehab a property. Alternatively, hard money loans allow well-heeled investors who do have enough cash to buy a property outright to multiply their profits by investing in several properties at once. In their case, financial leverage that hard money loans provide allows them to operate on a large scale and make more money.
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.
Hard money lenders are different from traditional lenders such as banks and credit unions and look at very different criteria. Real estate investors need to know what these criteria are, so they can present themselves in the best potential light. This article explores five important aspects of hard money loan underwriting and gives practical advice on how to get pre-approved for a hard money loan before shopping for an investment property.
