Tag Archive for: #Hard money bridge loan

Is hard money expensive?

Is hard money expensive? and what are the rates?

 

Is hard money expensive, the quick answer is no.

 

When hard money loans are used in the transactions that best fit what they are intended for they are actually cheap.

 

In the real estate investment community when closing quick will get you the deal and at a better price, hard money loans are a great bargain.

 

Missing out on deals and discounts can be the end of your lucrative real estate investing business.

 

Hard money loans are also:

 

  1. cheaper than taking on a partner
  2. easier to qualify for…stops the delays of starting
  3. real estate investor focused, unlike most banks

 

That being said hard money is not to replace a bank loan.

 

Now, if you have 30 to 60 days to close and have a bank that works well with investors, you should be using a bank over hard money.

 

In conclusion, when hard money loans are used for the right deals for the right borrower, they put more money in your pocket.

 

At the end of the day is it not your goal as a real estate investor to put more money in your pocket now?

 

To increase your speed of investing and increase your cash flow hard money is one of the best tools.

So as we can see hard money is not expensive but really a cheap method to finance most real estate investments.

 

Typical hard money rates across the country run from the 8% to 14% depending on the loan to value, lender and the points they charge.

Hard Money Mike has been assisting real estate investors for over 20 years.  Looking for any form of financing we are here to assist.  Contact us for hard money, traditional lending and setting up bank lines of credit.  Email us any questions today at mike@thecashflowcompany.com.

 

Get connected and accelerate your cash flow.

Please check out all our videos on our Youtube channel.

Join us on Facebook for daily content that can help you grow your business.

Looking for more information on real estate investing?  The Bigger Pockets site covers every subject on all types of real estate investing.

 

 

What is hard money?

What is hard money? Funding your flip.

What is hard money?

What is hard money for real estate investing?

 

Hard money is the main type of financing for fix and flips and discounted rental property purchases. AKA, value-add properties.

Hard money loans are based mainly on the property and the loan-to-value (LTV) of the property.  These loans are typically secured by a 1st lien on the piece of real estate being flipped or rented.

 

These loans are also referred to as:

The top 3 benefits of using hard money include:

  • FAST closings. This allows real estate investors to bid more aggressively on the value-add properties they desire compared to those who use traditional closing timeframes (30+ days). Faster closings with fewer hurdles means sellers are more likely to give a discount on their property.
  • Up to 100% financing. This gives real estate investors the ability to spread their money out and purchase more discounted properties.
  • Ability to buy properties as is. Most traditional lenders do NOT like properties that aren’t move-in ready. These type of loans on the other hand, are custom-built for fixer uppers.

In a nutshell, hard money loans are perfect for real estate investors who like to focus on value-add properties…and creating positive cash flow!

 

Hard Money Mike has been assisting real estate investors for over 20 years.  Looking for any form of financing we are here to assist.  Contact us for hard money, traditional lending and setting up bank lines of credit.  Email us any questions today at mike@thecashflowcompany.com.

 

Get connected and accelerate your cash flow.

Please check out all our videos on our Youtube channel.

Join us on Facebook for daily content that can help you grow your business.

Looking for more information on real estate investing?  The Bigger Pockets site covers every subject on all types of real estate investing.

 

 

MULTI-BUILDING DEAL

 

 

These properties were purchased using a bridge loan, giving the investor the funds needed to rehab and hold the properties for his investment portfolio.

Hard Money Mike is a lender based in Colorado, lending money on all types of commercial based properties: fix and flip, land, whole tailing, and builder bridge loans.

Investor Real Estate Loans funds investor loans in single family and commercial buildings.

Hard Money Mike 303-539-3000