hard money – Becoming an Arizona Hard Money Lender
MY FATHER RECENTLY INHERITED QUITE A BIT OF MONEY—ENOUGH TO WHERE HE WILL NEVER NEED TO WORK AGAIN. THANKFULLY, HE WAS KIND ENOUGH TO SHARE THE WEALTH, AND I WOULD NOT REALLY NEED TO WORK, EITHER. HOWEVER, I DON’T KNOW WHAT I WOULD DO IF I DIDN’T WORK. SO, INSTEAD OF SITTING AROUND AND JUST ENJOYING ALL THE MONEY WE NOW HAVE, MY DAD AND I DECIDED TO PUT OUR MONEY TO WORK. MY DAD IS NOW A HARD MONEY LENDER ARIZONA. THIS MEANS THAT HE LENDS ARIZONA HARD MONEY TO PEOPLE WHO WANT TO INVEST IN REAL ESTATE FOR A PROFIT. OF COURSE, IN ORDER TO BECOME A HARD MONEY LENDER ARIZONA, AND TO DO IT RIGHT, HE HAD TO HIRE SOME LAWYERS TO MAKE SURE EVERYTHING IS IN PLACE. HE WILL NOW BE ABLE TO LEND ARIZONA HARD MONEY TO THOSE REAL ESTATE INVESTORS. HE WILL CHARGE HIGHER INTEREST RATES THAN THE BANKS, BUT IT WILL BE A LOT EASIER AND FASTER FOR INVESTORS TO BORROW FROM HIM.
The explanation why my dad determined to develop into a hard money lender Arizona is due to me. I’ve been an actual property investor for years, and I’ve used Arizona hard moneyas a result of I beforehand didn’t have the capital to have the ability to make the preliminary investments myself. Because the inheritance money got here alongside, I gained’t really want to make use of a hard money lender Arizona, nonetheless, I’ll proceed to put money into actual property. However I assumed the thought of my father changing into an Arizona hard money lender was simply sensible. They get a chunk of revenue with out having to do the work. There’s additionally little or no threat, so long as your legal professionals have set all the pieces up correctly. If the investor defaults on the Mortgage, you get to take the house, and then you definately make the revenue your self. I feel changing into a hard money lender Arizona was one of the best factor my dad may do to place his money to work!
hard money