Private Mortgage Equity

Most borrowers think private mortgages require equity in the property on which they are borrowing. This may or may not be true. Let’s do a quick review of what type of private mortgage equity is expected in a hard money loan. A private mor…

The Buy Rehab And Rent Strategy

Investors have a number of ways to build their rental portfolio. One route is to purchase a turnkey property — one that’s filled with existing tenants, has documentation regarding income and expenses, and is ready to go. This can be a grea…

Qualifying For A Hard Money Loan

You’ve found the perfect house to buy and flip. You’ve done your due-diligence, made your offer and got the property at a great price as long as you pay “cash” and close quickly, but you don’t quite have enough money on hand—now what? Hard…

Debunking 6 Hard Money Loan Myths

True or false: the term “hard money loan” was coined because this type of loan is hard to get. The answer is: false. If a borrower has a good deal, the right documents in order, a well-prepared exit strategy, and enough cash to close, a ha…