Tag Archives: california private hard money

California Private Hard Money Complaints

October 11, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

Unsurprisingly, there are two sides to every story or rather, in scenario, there are advantages and disadvantage when it comes to California private hard money. Therefore, if you are new to the trust deed investing game or financing world, you may want to brush up on some of the complaints and/or disadvantages of private hard money so that you are properly prepared.

California private hard money, as briefly suggested, can be a godsend to those who need quick and red tape-free financing. But, of course, nothing good comes without a little bad. So, what are those pesky private hard money complaints already? Well, no worries let’s go over them.

One of the top complaints about California private hard money financing or loans is the interest rate. Think of it this, you have to pay to play thus if you want your financing quickly you have to pay for it. Of course, this doesn’t cause too much of a hardship if you use your hard money financing correctly. For instance, most private hard money loans are obtained for short-term financing needs. This means if you pay your loan back before your abnormally high interest rate doesn’t get too out of control then you will more than likely survive.

Another major complaint when it comes to private hard money we just touched on a bit –short-term use. Many commercial real estate and trust deed investors wish they could use private hard money for more than the standard limit of up to 5 years (3 years in some other places). But, as previously mentioned, extremely high interest rates make that a bad idea. So, why on earth would this be a complaint? Well, as you already know private hard money loans or financing are a lot easier to get than your traditional financing. Remember, red tape-free and quick approvals—who wouldn’t want that to last a little longer.

Managing Your Private Hard Money Expectations

The third common complaint is the down payment requirement. Typically, you will find a larger down payment requirement or equity of 25% or more. The reason you will you see such harsh requirements with private hard money financing is because lending will always be a business. In other words, these particular lenders are taking a chance on your business venture and if by chance things do not go as planned or you are unable to meet your loan terms then your lender needs to be financially alright. So, what does all this really mean? It means you need to manage your expectation when it comes to your lenders as well as when it comes to your future business venture.

Private Hard Money Can Still Make Dreams Come True

Ultimately, these top private hard money complaints are not enough to deter those business-hungry individuals who want to make their dreams come true. In fact, private or hard money lenders, especially in California, are actually in the business of making hard to approve dreams come true. So, if you are still looking for short-term financing, then it would behoove you to also check out the top advantages of private hard money loans.

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

California Private Hard Money & Trust Deeds

October 10, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

There literally dozens of questions you may have when it comes to California private hard money and trust deeds. The good news is you came to the right place for answers.

The wonderful world of trust deed investing is on the rise. Of course, if you are like most people, you are probably asking yourself, if that is such a good thing? Well, if you are worried that California private hard money is going anywhere, you can stop. Trust deed investing, if anything is more of an add-on to California private hard money.

But, do not take our word for it. Instead, do even a cursory review trust deed investing and you will see that most private or hard money financing is funded via a trust deed investor, at least as of late. So, what does all of this mean for you, the potential borrower? Well, there is more good news and some bad news. Let’s start with the good news, for starters, an influx of trust deed investing means more financing obviously or rather more loan approvals.

The bad news is that even though your future hard-to-finance commercial deals and business ventures are subject to a new kind of bank. In other words, trust deed investors are the new people to please. What this means for your bottom-line is that if you fail to meet your commitments as a borrower, your trust deed investor can, essentially, foreclosure on your property in order to recoup their losses. This may seem like standard business, but the reality is that if you obtained financing through a non-trust deed investor you would incur interest and applicable penalties. So, now that you know what these guys are all about, why not find out who you are actually dealing with?

Trust Deeds—The Real Deal

When it comes to trust deed investing, not just anyone can be an investor. In fact, there are clear guidelines as to who can invest in trust deeds. Nevertheless, it is still important to note that the list is not overly exclusive. Thus, you will quickly learn that private individuals, corporations, foundations, pension plans, LLCs and more can invest. However, those individuals that using retirement funds are often limited in the amount they can offer. Similarly, the law requires that no single trust deed can be more than 10% of that individual’s or entity’s net worth. Of course, this yet another provision that has the investor’s best interest at heart, but it is still important information to know.

Avoid the Pitfalls

Ultimately, this is just a small fraction of the information about there about trust deeds and trust deed investing. Therefore, it is highly recommended that you do your own research and more than just a cursory review of private hard money financing. With that being said, if you need some assistance with finding more information, you can always start with the California Department of Real Estate (DRE). There you will find entire documents covering almost every possible question you can think of when it comes to this particular avenue.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

California Private Hard Money & Trust Deeds

October 10, 2016california hard money lender, california hard money loan, california private hard money, california private hard money lender, california private moneycalifornia private hard moneybigdaddydennis

There really dozens of questions you might need in relation to California private hard money and trust deeds. The good news is you bought right here to the right place for options.

The unbelievable world of trust deed investing is on the rise. In spite of everything, in case you might be like most people, you could be possibly asking your self, if that is such an outstanding issue? Correctly, in case you might be fearful that California private hard money goes wherever, you could stop. Trust deed investing, if one thing is further of an add-on to California private hard money.

Nonetheless, do not take our phrase for it. As a substitute, do even a cursory consider trust deed investing and you’ll discover that almost all private or hard money financing is funded by means of a trust deed investor, in any case as of late. So, what does all of this suggest for you, the potential borrower? Correctly, there’s further good news and some harmful data. Let’s start with the good news, for starters, an influx of trust deed investing means further financing clearly or considerably further loan approvals.

The damaging data is that although your future hard-to-finance commercial provides and enterprise ventures are matter to a model new type of monetary establishment. In numerous phrases, trust deed consumers are the model new people to please. What this means in your bottom-line is that within the occasion you fail to satisfy your commitments as a borrower, your trust deed investor can, mainly, foreclosures in your property to have the ability to recoup their losses. This may look like customary enterprise, nonetheless the reality is that within the occasion you obtained financing by the use of a non-trust deed investor you may incur curiosity and related penalties. So, now that you just notice what these guys are all about, why not uncover out who you could be really dealing with?

Trust Deeds—The Precise Deal

As regards to trust deed investing, not merely anyone could possibly be an investor. In actuality, there are clear pointers as to who can spend money on trust deeds. Nonetheless, it is nonetheless important to note that the file should not be overly distinctive. Thus, you may quickly examine that private individuals, firms, foundations, pension plans, LLCs and additional could make investments. Nonetheless, these folks that using retirement funds are typically restricted inside the amount they will present. Equally, the regulation requires that no single trust deed could possibly be better than 10% of that exact individual’s or entity’s internet value. In spite of everything, this yet another provision that has the investor’s best curiosity at coronary coronary heart, nonetheless it is nonetheless important information to know.

Stay away from the Pitfalls

In the long run, that’s solely a small fraction of the main points about there about trust deeds and trust deed investing. As a consequence of this truth, it is extraordinarily useful that you just do your private evaluation and better than solely a cursory consider of private hard money financing. With that being talked about, within the occasion you need some assist with discovering further information, you could always start with the California Division of Precise Property (DRE). There you will discover entire paperwork defending just about every potential question you could contemplate in relation to this particular avenue.

Regarding the author: Dennis has been working within the true property enterprise in some functionality for the ultimate 40 years. He purchased his first property when he was merely 18 years outdated. He quickly realized in regards to the great funding alternate options provided by trust deed investing and hard money loans. His wish to help others make money in precise property investing led him to give attention to numerous funding for precise property consumers who might need trouble getting a traditional monetary establishment loan. Dennis is obsessed with numerous funding sources and sharing his information with others to help make their wishes come true.

Dennis has been married to his unbelievable partner for 42 years. They’ve 2 beautiful daughters 5 great grandchildren. Dennis has been an Arizona resident for the earlier 40 years.

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Tag Archives: california private hard money

California Private Hard Money Complaints

Managing Your Private Hard Money Expectations

Private Hard Money Can Still Make Dreams Come True

California Private Hard Money & Trust Deeds

There literally dozens of questions you may have when it comes to California private hard money and trust deeds. The good news is you came to the right place for answers.

Trust Deeds—The Real Deal

Avoid the Pitfalls

California Private Hard Money & Trust Deeds

There really dozens of questions you might need in relation to California private hard money and trust deeds. The good news is you bought right here to the right place for options.

Trust Deeds—The Precise Deal

Stay away from the Pitfalls