The Close
DECEMBER 5, 2024
Hard money loans usually have much higher interest rates, often around 10% to 18%. Moreover, typical fix-and-flip lenders provide high interest rates and short-term loan products. You will also need to have money set aside for unanticipated expenses.
Marco Santarelli
FEBRUARY 24, 2023
Pasadena, CA, is currently a seller's market, which means that there are more buyers than available homes for sale. The median days on market for homes in Pasadena, CA, was 66 days in January 2023, which is slightly higher than the previous month, and slightly up from the previous year.
HomeLight
MARCH 10, 2023
If you need to finance the home with a mortgage, there are a few options you should consider: Hard money loans: These are loans from private lenders for short periods of time — they can come with higher interest rates and can be risky for inexperienced investors. That limits your risk and your days on market.
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