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#Realestate investors tend to have a few different options when it comes to #financing a #project, so why is a #hardmoney #loan the best option? Click to see a snapshot of the benefits you'll receive when you work with a hard money #lender over a traditional #bank loan.
3 Reasons Hard Money Lenders Hate to Hear “I Need 100% Financing”
3 Reasons Hard Money Lenders Hate to Hear “I Need 100% Financing” When a new prospective borrower states they need 100% financing the lender will instantly be reluctant to provide financing. This simple statement tells a great deal about the borrower and asks too much of the lender. 1. The borrower
When looking for a hard money or a bridge lender, time is more often than not of the essence. If you’re looking for a financial partner in a real estate investment, you’ve probably began your search with traditional lending institutions and found the fast solutions you needed simply weren’t available.
Working with a hard money lender isn’t rocket science. As long as you follow along with basic rules of #realestateinvesting, your #loan and your #property should pan out as you expect. However, there are some lethal mistakes borrowers can make while dealing with hard money loans and #investment properties that can immediately ruin a deal. Here are a few things to avoid. #hardmoneylending #realestateinvesting #privatelending