HomeLight

JUNE 16, 2023

Get a hard money loan Hard money lenders are financial institutions that lend money to people with less than stellar credit or complicated finances in order to buy assets such as real estate. These lenders do look carefully at the asset — in this case, the house — securing the loan.

Hard money loan 98

Hard money loan Equity Finance Loans 98

HomeLight

AUGUST 31, 2021

Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure. A seller will usually have to prove financial hardship for the lender to agree to the sale.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

HomeLight

FEBRUARY 9, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Donate recommends a hard money loan as the top financing strategy for flippers. Find a Buyer's Agent What is house flipping?

House Flipping 105

House Flipping Hard money loan Finance Investor 105

HomeLight

SEPTEMBER 30, 2020

We also have a spreadsheet that does some assumptions, like a 30-year fixed loan and 5% [interest].” If the auction does not allow for financing through a mortgage, you can consider a hard-money loan. This loan comes from a private investor or company that offers funds specifically for real estate.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

JANUARY 19, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Find a Buyer's Agent What is house flipping? House flippers buy homes, hold them for a couple of months, and then sell them for a profit (that’s the flip part).

House Flipping 105

House Flipping Inspection Renovation Finance 105

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Find a Buyer's Agent What is house flipping? House flippers buy homes, hold them for a couple of months, and then sell them for a profit (that’s the flip part).

House Flipping 105

House Flipping Renovation Finance Agents 105

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Find a Buyer's Agent What is house flipping? House flippers buy homes, hold them for a couple of months, and then sell them for a profit (that’s the flip part).

House Flipping 105

House Flipping Renovation Investor Finance 105