Tag Archives: hard money loans

Tactics to secure a larger hard money loan: help your lender look past the LTV

April 20, 2018Uncategorizedcommercial bridge loan, commercial bridge loans, hard money Arizona, hard money commercial loan, hard money loansbigdaddydennis

You may already know that a hard money loan is a loan which is backed by a “hard” asset. The amount of financing you receive is usually a set percentage of the value of that asset, or LTV. Learn some strategies to help your lender look past the LTV in order to qualify for the most financing possible.

Giving loans at the lowest possible LTV is the primary way asset-based lenders protect themselves. A higher LTV means a borrower has less at stake in the event of default, and asset-based loans rarely exceed 75 percent in LTV. What if you need a larger loan which exceeds the standard 75 LTV benchmark? While LTV may be the most critical factor a lender will consider, there are other factors also taken into consideration, which can give you leverage to negotiate a larger loan.

Say you need a 760,000 dollar loan to finance the purchase of a million dollar property , in this case the LTV would be 76 percent. While the LTV on this loan is high, in this instance you would have 240,000 in equity invested which may be an amount significant enough to help your lender look past the LTV. You should also consider any other property you own, which could be used to back the loan ( a practice known as cross-collateralization).

If your home is worth 250,000 and you use it as collateral to secure the loan, in effect you have 490,000 of your own money backing the loan. These are just two specific instances were any reasonable lender could look past the LTV, but you should also take steps to demonstrate your strength as a borrower.

If you can, build your hard money lenders confidence in your strength as a borrower

Any reasonable lender will also consider your strength as a borrower and not just the LTV. Even though private lenders have a less traditional approach, the three C’s of credit, capacity, and collateral still apply. Credit refers to your history of paying your debts on time. A reasonable lender might look past the LTV if you have a solid credit history. Capacity simply refers to your ability to service your debt on a monthly basis, so if you have a good steady income, you may qualify for a larger loan. LTV may be the most important factor when it comes to asset-based loans, but it is just only one factor a lender might consider. Evaluate your financial situation and demonstrate your strength as a borrower.

If you can thoughtfully consider your situation, you can increase your eligibility for a larger hard money loan

First consider the dollar value in terms of equity you have invested, knowing this number you can demonstrate to a lender exactly how much you have at stake. Take into account any other collateral you might have to back the loan and build your lenders faith in your strength as a borrower. Using any one of these strategies might help your lender look past the LTV which could help you qualify for a larger loan.

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.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Real Estate Values Are Continuing to Climb Up to Record Levels Again! You’re Making Moola Again!

April 4, 2018Uncategorizedhard money loansbigdaddydennis

Technorati Tags: Private Hard Money lender,fix and flip,hard money lender

With a booming economy and a strong GDP coupled with low
interest rates, home values in the South West are marching to
new record highs. Southern California home values are approaching
the boom prices that last occurred in 2006. Many home owners
are selling their homes within days, and the demand is continuing.
Some home owners are receiving multiple offers and builders are
experiencing very strong demand. Although the demand is not as
it was in 2006, with home builders using a lottery system to pick the
buyers and buyers camping at the sales office for days, there has
been a steady increase in demand.

Las Vegas had the biggest dramatic swing in prices. From the
peak in 2006 to the bottom in 2002 sellers were getting out of their
homes by the 1,000’s. However, over the past 5 years prices have
increased an average of 14%/year with the last 12 month’s average around 12%.
San Francisco is the hottest market with prices rising like a rocket and demand
is at a very hot pace.

Over the past 5 years San Francisco price increased a
whopping 15%/year. However the past 12 months have slowed
a little with an appreciation of 10%.

(For a PDF of this Graph Click Here)

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC

Understanding the Benefits and Drawbacks of Applying for Hard Money Loans

November 30, 2017Uncategorizedhard money loan, hard money loansbigdaddydennis

For business owners and property investors, there are many ways to go about getting a loan. Here, we break down the “pros and cons” of trying to obtain hard money loans.

These loans are ideal for many reasons – if you need cash fast, if you are looking to gain possession of an investment or foreclosure property that may get sold quickly or if you have been previously unable to garner a loan from a conventional lender such as a bank, you can still obtain hard money loans.

First, having a solid grasp on what exactly this type of loan is can help you determine if it’s right for you. These loans are defined by the fact that they are given by a private company. While conventional loans from a bank have a longer pay back period, you will need to provide some hard evidence that you will be able to pay back the loan and details about exactly how you intend to do so. You will likely need to have very high credit as well as a solid business plan, collateral and/or equity.

However, the good news is that with hard money loans, you won’t have to worry about a perfect credit history or any of the other bureaucracy typically associated with a conventional long-term loan with a bank. Private lenders for these loan focus mostly on the collateral you are willing to bring to the table because ultimately, if you cannot pay off your loan, your collateral will be obtained by the private lender and sold to cover the remainder of your loan debt. It’s basically the lenders way of ensuring they won’t be out the money if you can’t repay the loan. If you don’t have the collateral to back it up, lenders may start looking at your credit score and other aspects more closely.

The bottom line is that these types of loans serve a specific purpose and can be beneficial in those cases.

For people looking to obtain cash fast, who have been rejected by a conventional lender or who want a loan with a shorter duration between about three to five years, these loans are ideal. Sometimes they do not have a prepayment penalty either, so you can repay the loan whenever you want (and save on some of those high interest rates!).

There are two sides of the coin when it comes to hard money loans, which means with benefits, come drawbacks.

Some of the “cons” of this type of loan include those aforementioned high interest rates typically associated with hard money or short-terms. The typically APR is more than 10 percent of the loan amount. You may also have to work on your credit score if you don’t have much collateral to put down toward the loan. All in all, if you need cash fast and aren’t willing to sacrifice losing out on a great investment property or foreclosure, this is the perfect type of loan for you. If you are confident about the fact that your business can maximize potential earnings due to the loan, by all means move ahead know that you are now educated about this type of loan, and it’s pros and cons!

Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

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.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

The 3 Real Estate Myths Beginning Flippers Believe

March 31, 2017Uncategorizedfinancing for a flip property, flipping properties, Hard Money Lenders, hard money loans, private lendersbigdaddydennis

Real estate flipping offers many benefits to investors, but it is easy for those new to the process to become overwhelmed. From feeling like you need to be rich – or at least have the purchase price of a distressed home saved up – before you start to trying to do it all yourself, these are the most common myths and misconceptions new investors make.

Are you Falling for These Real Estate Investor Myths?

1. You Need to Have a Lot of Seed Money

While you will need some money to get started, the amount is surprisingly small. Once you find a property that you like, you’ll be able to secure hard money loans from a variety of sources, including conventional and private lenders. Most people remember how much trouble they had securing their mortgage for their primary residence; private lenders who are investing in a flip property often require far less information and the process is streamlined.

When you secure financing for a flip property, the investors you use are more concerned about the profitability and potential of the property itself and less concerned about digging through a decade’s worth of your bank statements. While you will need to provide information about the deal and about your financial health, the process is much faster and far simpler than securing a home mortgage.

The money you’ll need will be for putting the property under contract and for closing costs; you may well be able to finance the rest, so you don’t have to delay your dream of flipping homes until you save the full purchase price. Your first project is usually the biggest hurdle – once you have a history of successfully flipping properties, financing will become even easier to secure.

2 DIY Adds up to Big Savings

If you are already a contractor or have a specific skill set, then doing some of the work needed to flip a home yourself can help you save. If you are only available on the weekends, are unsure of your skills or only have a limited time, then going the DIY route may not work as well.

The faster you get a property ready to sell, the better in most cases, so carefully consider both the timing and the true cost of doing things yourself before you decide to DIY. If you want to be involved, then taking on the role of project manager may be better – you can still oversee the work, but you can let a pro get into the home and do what they do best.

3. Wholesaling is the Right Place to Start

Wholesaling, or working to find potential investment properties for others, can be a way to get started or to earn extra capital, but it is not the only way to get started. Wholesaling is low risk, allows you to get to know the investors and hard money lenders in your area, but there are some significant drawbacks.

Depending on where you live, wholesaling may be considered brokering – and you won’t be able to do it legally unless you are a real estate professional. You’ll also be missing out on some amazing potential deals if you are simply playing the middle-man.

Jumping in with both feet does have a learning curve, but there is no better way to learn the ins and outs of flipping a home than by doing it. There is nothing wrong with wholesaling (provided it is legal in your area) but it does not really develop your skills or lead to a long term investment – you find properties, connect buyer and seller and move on.

Technorati Tags: real estate flipping,hard money loans,private lenders,financing for a flip property,flipping properties,hard money lender

Violin Soloist and Attorney Share Success via Level 4 Funding

March 27, 2017Uncategorizedhard money loansbigdaddydennis

When Sharon Chen and her husband William needed a hard money business purpose loan, they knew just where to go—Level 4 Funding. Busy professionals don’t have time to “play around” to find the right loan, William explained. And Sharon and William are successful, busy professionals indeed.

Success on Stage

Sharon was born and raised in Maryland, to parents originally from Taiwan. Her father is a well-respected physician and both of Sharon’s brothers followed proudly in his footsteps—one works for Johns Hopkins University, the other became a gynecologist.

The only girl in her family, Sharon opted out of medical school but took an equally prestigious path. She started playing the violin at just 2 ½ years of age, and eventually went on to attend Harvard College.

Sharon played the violin in the Harvard symphony and became a concertmaster, which is the highest ranking violinist in an orchestra. As a concertmaster, Sharon led the violin section in maintaining unity, and typically played all of the violin solos during a performance. When it comes to Sharon’s musical talents, her adoring husband William says “she is a genius.”

William is a successful banking attorney handling business investors, legal contracts, and legal consultant work. Originally from Switzerland, he and Sharon met and married in New York. Starting 10 years ago, Sharon unfortunately began suffering from an unusual medical condition, and together she and William have traveled throughout Europe and the US in search of the best medical care and cure. They visited Arizona as one of their destinations, prior to heading back home to New York.

After the New York tragedy on September 11, 2001, William and Sharon decided to head west and make Arizona their home. The couple have been proud Phoenix residents ever since.

Nothing but the Best

When it comes to Sharon’s medical care, William settles for nothing less than the best. Their travels around the world are proof that he puts his money where his mouth is.

William’s high-quality philosophy translates into his family’s financial transactions as well. He originally heard about Level 4 Funding from his trusted colleagues in the real estate industry. Unwilling to waste time or risk his personal finance transactions being handled by a mediocre team, he dealt directly with Mark Gowlovech at Level 4 Funding.

“We can’t afford to take shortcuts. Good work is worth paying for,” says William. “Go where service and quality count, like Level 4 Funding.”

William speaks from experience, and just wrapped up his second transaction with Level 4 Funding. He is impressed with Mark Gowlovech professionalism and expertise, and glad he took his colleagues’ advice to reach out to Mark when he needed a quick response on his first loan.

“He’s very easy to work with,” says William, “and he takes time to understand your story and situation. He’s great at putting everything together, and finding ways to make solutions fit your needs.”

Like many of us, William knows that some traditional lenders can be extremely slow to make decisions, and require hours of time to wade through large stacks of paperwork. William prefers the private client boutique-style experience he’s received with Mark and team.

Success Tips from the Professionals

William and Sharon’s track record as successful professionals speaks for itself. Among the best of the best at what they do, they shared additional tips for life and lending.

“Life is made up of two things,” advises William, “your occupation and your hobbies and leisure pursuits. Work hard to get paid well at your career. Then pay someone to work hard and give quality service and results to you.” The cost of incredible service and better quality is worth paying for, William stated firmly. Getting a high-quality loan has just as much value as buying reliable quality clothes and dining at the best restaurants.

“Hard Money Loans are serious business,” William continued. When you need something done, find a professional who can help you get the job done right, and go with them. It’s the same as a critical home repair. If you have a plumbing issue, you find the best plumber and have them handle the job. If you try to do it yourself, you risk errors and waste time—time you could be spending making more money in your area of expertise, or time you could be spending enjoying leisure pursuits. “Don’t play around to try to find the [least expensive] deal,” he advised. “Go where service and quality count, like Level 4 Funding.”

William and Sharon continue to be highly complementary of Mark and team. As two-time clients and connoisseurs who settle for nothing less than the best, they should know. In summary William stated:

“Excellent work, Level 4 Funding makes things a lot easier. I’m busy, Sharon’s sick, and we can’t afford to take shortcuts. Good work is worth paying for.”

Technorati Tags: hard money lender in California,hard money lenders in California

Give Your Pot Business a Push with Options Other Than Hard Money Loans In California

March 21, 2017Uncategorizedhard money loan, hard money loan in california, hard money loans, hard money loans in californiabigdaddydennis

All the financial establishments that are insured federally are not permitted to work with marijuana dispensaries. However, getting into the business is a personal choice, and if you need capital, there are hard money loans in California that can suffice your need.

Personally, I am not comfortable with the idea of a pot dispensary, but depending on the state you are living in, you might be able to sell marijuana easily. As the media has built our perception, there is much money that can be made through retailing legalized pot. However, the issue with pot is that the Federal government will not treat it as legal, or even accept it. Thus, taking loans would be rather difficult.

You can take a commercial loan referred as Hard Money Loans in California to get you started. This is one of the most conventional methods. However, this is not the “only” method to get your pot business on a roll.

Hard Money Loan is everything that you need to get things started however it is not as easy as it seems. It might be possible that the conditions and negotiations for the Hard Money Loan are not in your favor, or maybe the commercial lending option does not want to accept the loan. What is next?

There are a few options other than Hard Money Loans in California to give your pot business a push:

· You can go to your friends and family and ask for an investment. It might be a challenging and an impossible task to do, but they might be the only one who would not charge high-interest rates or maybe no interest at all.

· You can build up your network by attending the industry events which will grow your presence. Attend conferences, trade shows, and any gathering where you can meet the subject matter expert. It is not necessary that they will be there to invest in businesses, but they might know someone who is interested in running up such businesses.

· You can get hold of the foreign investors, especially Chinese people, who are very much interested in investing in Cannabis.

Technorati Tags: hard money loans in california,hard money loan in california,hard money loan,hard money loans

The burning answers most residential hard money lenders leave out?

February 9, 2017Uncategorizedhard money loansbigdaddydennis

Say you have just taken up residence in Massachusetts and have decided to take on the real estate market. After coming down from your lobster roll high you have realized you know absolutely nothing about real estate. You wife knew this before you finished your explanation of your half-cocked scheme to take over the Cape Cod market.

You remembered that you still have to pay for regular expenses, student loans, car note and daycare tuition for your toddler. Upon calculating all the expenses, you decide to go to your local bank for loan information.

Once they see the type of credit score you are packing they politely decline. After recovering from that hay-maker you decide to be successful the hard money route is the best option for you. But, there are some things you need to know before you take on a residential hard money lender.

When it comes to hard money loans there is some fine print you need to read

While these loans are great in a pinch sometimes they could carry a few negatives. For example, if you have done a little research you probably read that your credit score really does not matter. Most residential hard money lenders will not deny you a loan based solely on your credit score. Often they will grant you a loan based on the amount of collateral you can use.

Although many lenders do this do not start jumping for joy just yet. There are some lenders that will judge how quickly you will be able to pay off your loan by your credit score. That combined with a less than decent amount of collateral, while unlikely, you could be refused a loan.

When working with residential hard money lenders there are many fees

Fees, there will always be fees and expenses when you are taking on real estate. If you are considering a hard money loan certain actions are required to get the loan. For example, to get a hard money loan you need to pay for a title policy, insurance and you need to get the property appraised, as well. After this is done you still have to take potential repairs into consideration.

Speaking of repairs, when you are applying for a hard money loan there is an after-repaired-value that needs to be calculated before you receive your loan. Basically, what this means is once the property is appraised and the potential repairs are assessed, the loan will typically not exceed 70 percent of ARV. If there are more repairs that occur later on in the rehabbing of the property your residential hard money lender will require you to provide the correct documents and estimates before they lend you more money. This is called a “draw request.”

Are residential hard money lenders interested in interest?

Simply put yes, typically hard money loans tend to have higher interest rates. Usually, if you go through a bank you could get a lower rate, but like we said before you have bad credit. You are high risk to the Bank of Massachusetts so you have to pay a little more for your loan. Will it be extremely pricey? It could be, but there is give and take when you are in the real estate business. Some properties will be winners and others will have you in a daze with lobster hanging from your mouth.

In the right conditions, a hard money loan can be a godsend, on the other hand you could end up paying back a lot of money if you choose the wrong Cape Cod. Before you choose your next loan, you need to do extensive research on the company’s policies and the lender, well.

Happy senior business man making his notes at work Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

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.

Technorati Tags: residental hard money lenders,residential hard money lender

Should you consider a fractional investment as a residential hard money lender?

February 9, 2017Uncategorizedhard money loansbigdaddydennis

Entrepreneurship, in general, is an extremely tough and time-consuming profession. Sure, you will always find people that are running businesses, but at what cost? Most of them would live much happier lives if they would delegate a lot of the work they deal with. So, what does this have to do with someone who is a residential hard money lender?

As far as entrepreneurship goes, the real estate market is one of the toughest to grow a successful business. For hard money lenders, there is a very large amount of financial risk that is associated with real estate. Most of the time, yes, you will get your money back. Could there potentially be pushback? Yes, but most of the time you will receive your investment back.

For those bigger deals, however, you may want to take a look into pursuing a fractional investment. Basically, fractional investment is the inclusion of multiple parties that are willing to invest with you. Usually, each party receives an equal amount of ownership in the deed of trust when lending to potential borrowers. If you are just starting your lending career this may be one of the best options that you should consider when you are starting your lending career.

So, what are some of the advantages of fractional investments?

One of the biggest advantages that you immediately get from having fractional partners is the number of people you have on the team. Suppose you have started a firm and thankfully you have taken on a new client, but you have little knowledge on residential hard money lending. In this case, having two or three people that have knowledge in the industry could greatly benefit your business.

With more people that are investing in the same property, it could potentially cut out a lot of competition. When you are starting out you want as many friends as possible and as little enemies as possible. In the real estate business, you are going to encounter tons of people that will try to scalp those great finds. By adding more people to your company’s roster this could give you more money, experience and lower risk.

Those are the advantages, but what are the pitfalls of fractional investment?

With everything good, there is something bad lurking in the background. For the right people, this type of investing is great, but you are liable to run into a few issues if you and your partners are not on the same page. Fractional investing allows lenders to partner on investments; this means each person has an equal amount of stake in the property.

Without the proper amount of communication with your fellow residential hard money lenders, things could go terribly wrong. One of your investors could possibly get cold feet on about a residential property that you had agreed on. If you do not have enough money to fund the changes the property needed you could miss out on a lot of profit.

So as a residential hard money lender do you need fractional investors?

Depending on the market you should consider fractional investing. Will you always get your way? Most likely no, but if you are an inexperienced lender it would help greatly if you had someone that could mentor you for your future clients that you take on. Having more investors does mean having more money that you could put into your project, as well. You should definitely weigh all the options before you commit to fractional investing.

Technorati Tags: residental hard money lenders,residential hard money lender

A Few Pitfalls To Avoid With Hard Money Lending Institutions

August 5, 2016Uncategorizedcalifornia hard money, california hard money lenders, california hard money loan, california hard money loans, hard money lender, Hard Money Lenders, hard money loan, hard money loansbigdaddydennis

There are really two different kinds of hard money lending companies. The first are direct hard money lenders California who will do all the work. They will underwrite, fund and service your loan. The second are brokers who just shop your loan out to a direct lender. You have to be careful when dealing with companies that only broker hard money loans. Many of them are simply fee collectors that will require you to put up anywhere from a few hundred dollars to a few thousand dollars before they will give you a hard money lending decision. These types of places may or may not have the intention of funding your application, but if they don’t, they will keep your money! There is a direct hard money lender that can fund in 13 states. However, they have nosey partnerships with other direct hard money lender California so that they can fund deals in states that are not our primary lending states. That way you get the best of both worlds because if you have a good deal, they will get you funding!

The hard money for funding your real estate investment deals has to come from somewhere. Hard money investors are people who believe in real estate and understand how important it is to driving our economy and building long term sustainable wealth. These people put up their own capital to fund real estate investment deals. Now they don’t do this simply out of the kindness of their heart, they are looking to make a profit off the interest they charge on the loan. However, it’s a win/win scenario because you make money on buying and selling a property, they make money on the interest from your hard money loan.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701

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.

Hard money – the easy way to financing your project

July 29, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money lenders, california hard money loan, california hard money loans, Hard Money Lenders, hard money loan, hard money loansbigdaddydennis

You wouldn’t know it unless someone told you or you were a super smart accountant or knew a lot about investing, but hard money lenders California is actually easy. It’s so easy, almost anyone could do it – and what’s that Geico slogan? A caveman could do it? It’s so true it hurts, but the sentiment remains – it’s simple, it’s a breeze, it’s easy.

Let’s look at it this way: Phoenix, California has a population over 1.44 million and that number is only expected to rise in the coming years, like a helium balloon inside of another helium balloon. Yet, it’s not a very condensed place, spread out to the far reaches of the horizon. So many houses were built in the real estate bubble a few years ago, but many of these properties now stand empty, neglected and decaying.

You could easily start a few projects where you rehabilitate these homes, or “flip” them as the industry big shots say and all you’ll need is an approval from private money lenders California. Why do you want to go the hard money route? Because it’s much more easy than heading to a bank or mortgage company. They want buyers and loaners that will stick around a lot longer than someone just wanting to fix a property up. You go through the middle man and soon, everyone is happy.

That’s why there’s no need to break a sweat – just learn the in’s and out’s of hard money, which would take only a few weeks, and then you could start doing business your way.