Hard money lenders are one of my favorite ways to finance and sell properties.

When I gather information for my buyer’s criteria sheet one of the questions I ask potential buyers is: Do you have cash to purchase? Then I ask: If not would you be interested in using my hard money to fund cash transactions?

This way I can create a wholesale buyer using my finance provider.

Hard money is a cash purchase resource. As we know cash is king. Cash can help you beat out others that do not offer cash.

When using hard money keep in mind that the lender should only be used for short term financing. They are too expensive to keep long term. Either sell quickly or refinance.

Industry professionals who want to earn significant income in the hard money industry, are introduced to hard money lenders from all areas of the country. Direct lenders attend our events because they are looking for real estate opportunities to fund.

Do you know local hard money lenders? if so, pls do send it to me, I would be glad to receive response from you. I really need local hard money lender since I am updating my list. Thanks!

Many hard money mortgages are made by private investors, generally in their local areas. Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Typically, the biggest loan one can expect would be between 65% and 70% of the property value.

A “commercial hard money lender” lends to a business or individual representing a business or corporation. Collateral can be a business property or residential investment property.

Post edited by: hofster, at: 2010/07/22 17:10