Hard Money Blog: Invest, Revitalize, Create, Prosper

How to Select the Right Property to Expand

January 2, 2020 by Kyle Sennott Leave a Comment

In our previous blog, we’ve discussed the need for the new out-of-the-box thinking when it comes to rehabbing properties for profit in 2020. Specifically, we talked about how to add significant value and increase the price of the property by expanding its size. However, not every property profitably lends itself to such expansion. Also, not all real estate investors can carry out such renovation successfully. Here are several factors to consider when selecting the right property to expand and a few questions to ask yourself when deciding whether you’re ready to tackle such a project.

How to Rehab Homes for Profit in 2020

December 31, 2019 by Kyle Sennott Leave a Comment

To continue making money rehabbing homes, you must start thinking outside the box

If you’re ready to rehab homes for profit in 2020, there is definitely good news. 2019 was an active and profitable year for our borrowers. As we sail into the new year, the fundamentals for another successful year in real estate remain unchanged. As we discussed in our previous blog, we’re fortunate to be living and investing in one of the most stable real estate markets in the nation.

Working with Your Private Lender After Closing

December 23, 2019 by Kyle Sennott Leave a Comment

Working with private lender after loan closing — ***Clear communication between a borrower and a private lender is essential for a smooth servicing of your loan and uninterrupted flow of your renovation funds***

In our previous blog, we’ve learned about the intricacies of private money loan serving and why private lenders consider it a good practice to establish a construction escrow account. Clear communication between a borrower and a private lender is essential for a smooth servicing of your loan and uninterrupted flow of your renovation funds. Here are three important things that you can do to ensure the success of your private loan after closing.

Hard Money Loan Process

December 23, 2019 by Kyle Sennott Leave a Comment

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<figure class="alignleft is-resized"><img decoding= — ***For those who’ve never worked with a private lender before, here is a step-by-step description of our hard money loan process.***

If you are new to private lending, you might have many questions about hard money loan process. How do you get a pre-approval? What’s a POF? Are you guaranteed to get a loan if you’re pre-approved? Can you get pre-approved if you don’t have a property in mind? Once you go through a hard money loan process, you would understand how easy it is. However, for those who’ve never worked with a private lender before, here is a step-by-step description of our hard money loan process.

Construction Escrows and Why Private Lenders Use Them

December 19, 2019 by Kyle Sennott Leave a Comment

Construction Escrow in private lending — Both parties – the lender and the borrower – has their own responsibilities when it comes to managing the construction escrow account.

The efficient management of construction escrow is an integral part of a hard money loan transaction. The choice of your lender makes a huge difference in how smooth the process is. Many borrowers who are new to private financing tend to focus on what happens before a loan closes and ignore an integral part of hard money financing – loan servicing.

How to Avoid Hard Money Scams

December 17, 2019 by Kyle Sennott Leave a Comment

In the previous article, we talked in detail about the tell-tale signs of hard money scams. They might range from advertising unusually low rates to purposefully obscuring the lender’s cost structure. However, what’s more important is to understand how to avoid hard money scams by selecting a reputable private lender, and this is what we would focus on today.

Hard Money Blog: Invest, Revitalize, Create, Prosper

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