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Hard Money Lending And Private Investor Mortgage Loans
This department covers information on hard money lending and private investor mortgage loans. These mortgages differ from traditional financing and even seller-based financing in that they are more informal in structure with little underwriting, typically have higher interest rates, and are usually the last resort a borrower has. The resources in this area help further explain this little-known but highly profitable niche within real estate financing.
RESOURCES IN THIS DEPARTMENT:
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AUDIO = Getting All The Funds You Need With Hard Money Lending
Lee Parker interviews Alan Cowgill on the ins and outs of hard money lending. Sometimes using a traditional lender just doesn't make sense. The lender's guidelines are too restrictive or something about the deal just doesn't work within standard frameworks. Or the deal needs to be closed extremely fast. Using private investors, often called "hard money lending", is another way to get the deal done. As a mortgage broker or loan officer, these are finance channels you may want to consider, or at the very least, should be aware of. . . . >>> READ MORE
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AUDIO = Bob Beckman On Hard Money Lending
Bob Beckman discusses the problems, issues and opportunities associated with hard money lending that real estate investors and mortgage brokers need to be aware of. Listen as Bob tells how he got started in this business and the huge need surrounding this unusual but common source of real estate funding. It's a rare but fascinating look into a side of the business not often seen. . . . >>> READ MORE
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Know The Downsides Of Your Real Estate Financing
If you go to a bank, chances are they will want tons of paperwork, pay stubs, tax returns, etc. It's a lot of hassle. Eats up time. Whereas, when you can move fast with all cash from private lenders, sellers will sell you their homes at a discount. . . . >>> READ MORE
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Why Use Private Money On Your Real Estate Deals
This topic is near and dear to my heart. When I started my RE career, I heard about the necessity of finding private lenders. In fact I even found two. But then I stopped. For four years I PROCRASTINATED. I didn't get it!!! For four years I continued to go to banks and jump through their hoops. I also had used hard money lenders, but found them VERY expensive. . . . >>> READ MORE
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Four Reasons For Firing Private Lenders
I've spent all this time and effort trying to figure out how to get private lenders to fund my real estate deals and now you write an article on firing them! What are you thinking?! Well, stay with me here and I'll explain. Most of a real estate investor's focus is about how to attract and keep private lenders. . . . >>> READ MORE
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