Buying real estate with no cash and no credit can be done many ways. If you are an investor looking to purchase, buy and hold, rehab, and sell a property while having minimum assets or wanting to save your money and/ or leverage your assets, then buying with other people’s money then this 2-day workshop … Continue reading Millionaire Mastermind – Finding, Flipping, Funding and Wholesaling w/ Other Peoples Money
Approval: the most important factor for hard money lenders is collateral. If you’re buying an investment property, the lender will lend as much as the property is worth. If you need to borrow again… Source: Benefits Of Hard Money Loans
Approval: the most important factor for hard money lenders is collateral. If you’re buying an investment property, the lender will lend as much as the property is worth. If you need to borrow against a different property you own, that property’s value is what the lender cares about. If you’ve got a foreclosure or other negative items in your credit report, it’s much less important – some lenders might not even look at your credit (although many lenders will ask about your personal finances).
When the banks say “No”, the hard money lenders can still say “Yes”. When loans need to happen quickly, or when traditional lenders will not approve a loan, hard money may be the only option.