The Investment Real Estate Roundtable (IRER), a real estate investing networking group dedicated to educational & networking opportunities in the 4 major Texas markets of Austin, San Antonio, Houston, & Dallas, has released its Fall/Winter 2014 events schedule. The featured speaker in each city will be a local who is active and successful in the local market.
Building the “perfect team”, both within the world of Real Estate Investing and in the everyday world, is about as easy as spotting a unicorn. In other words, impossible. That being said, I would recommend that on any given team, each person should first identify their strengths and more importantly their weaknesses.
Hard money loans make it easy for real estate investors to get funding for deals when other traditional lending options simply aren’t available. You don’t need to wait weeks or longer for approval, you don’t need to find a problem-free property, and you don’t even need to have a perfect credit score. For the most part, all you need is a great investment opportunity.
In Real Estate Investing, particularly house flipping, very few things are as important to the overall success of the investment as is the home’s After Repair Value (ARV). Every segment of a transaction is critical in its own right and must be analyzed and managed correctly to allow for the greatest chances of success.
One of the most commonly asked questions about hard money loans is whether or not applicants with bad credit can get their deals funded. In order to understand what role credit plays in being approved for hard money loans, it’s important to understand what hard money lenders are actually looking for from investors.
Real estate is one of the most profitable investment options out there right now, especially since we’re finally seeing healthy growth after last decade’s troubles in the housing market. There are a plethora of great opportunities out there, but regretfully it “takes money to make money”.
In real estate clubs and investment circles, talk about the benefits of hard money loans is commonplace. When it comes to the general public and new investors, however, there is a lot of confusion surrounding just how beneficial they are. For many people, a lack of understanding of this financing method has led to some untrue beliefs surrounding hard money.
Despite what you may have heard, here are five common myths about hard money loans that simply aren’t true:
When most people think about financing real estate, talking with a mortgage broker or going through a traditional lender are the first thoughts that comes to mind. Although these are great options for the normal consumer, they don’t always fit the needs of investors – especially those who focus on fixing and flipping properties. Instead, it’s not uncommon for them to avoid traditional financing altogether and opt instead for much more advantageous rehab loans.
If you have experience with fix-and-flip real estate projects, you’re probably well familiar with hard money loans. In fact, they’re the preferred method of project financing for many real estate investors for short-term projects. If you’re not familiar with hard money loans, you should keep reading. Their popularity is due to the fact that they are easy to get, they don’t rely solely on your credit score or assets, and they are a much quicker alternative to traditional methods for financing the purchase of a home.