OfflineBecause hard money lenders work with their own money and not an institutions money they can do loan such as:
o Full Purchase
o Wrap closing costs into the loan
o Pay for fix up costs
o Take a second loan
o Take less interest while sharing profits
o Partner on deals
o Combinations of any loans
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Man, the coaches have been rocking the house lately! I can't keep up with all the great posts they've shared. Thank you ALL very much!
God bless you,
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
I like the tips but wanted to add something.
One thing to remember is to ask. yep, ask. Ask if they will do a full loan. Ask if they will be willing to do a second mortgage. It is very important that you ask UPFRONT. I see people almost everyday that will know if someone can finance or is in business to finance but never bother to ask. They wait until they have a contract ready to close and then decide to get info about loan options.
Don't do this to yourself or to the sellers. It is very inconvenient to them and you can get yourself in trouble too.
Happy hunting
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125