Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. The problem with private money lenders is that good ones are hard to come by.

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The Close

NOVEMBER 7, 2024

While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. Build a network of reliable professionals like real estate agents, contractors, and property managers. Hard money loans are most commonly used for fix-and-flip loans.

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The Close

JULY 18, 2024

Once you’ve found an undervalued property, it’s time to consider the best option for financing. The typical finance options for the BRRRR method are as follows: Hard money loans : These loans are typically short-term and come from a private, non-bank lender. Plus, finding a hard money loan can be difficult.

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The Close

NOVEMBER 25, 2024

Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs. That will get you more money to purchase and renovate a multifamily property.

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Kyle Handy

MAY 5, 2023

Hard Money Loan Hard money loans are funded by private businesses or individuals. It works best for properties that need extensive rehabbing. It works best for properties that need extensive rehabbing. They tend to have higher interest rates, more fees, and shorter terms.

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The Close

NOVEMBER 26, 2024

As you consider the process of how to buy a vacation home, here are the main benefits and disadvantages: Pros Cons A vacation property can provide an additional source of income. Whether you rent the property or not, you'll be responsible for utilities, maintenance, taxes, and property management fees.

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The Close

NOVEMBER 26, 2024

The best financing for rental properties depends on your finances and what you need. Check out the different financing types below for more info: Financing Type Best For What It Is Hard Money Loans Fast, short-term financing Short-term (typically up to 12 months), interest-only mortgages.

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