Hard Money Loans – 5 Things You Must Know

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Information Hard Money Loans – 5 Things You Must Know

Title	:	Hard Money Loans – 5 Things You Must Know
Lasting	:	9.21
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Most people that aren't investors don't understand complex financial deals No mention of how quickly they can process a loan, which is extremely important I've had a loan within 5 days!! Once a relationship is built, I get top tier terms that beat every bank Also no mention that traditional banks and mortgage companies do not lend one penny for rehab costs The interest only payments are just a part of the expense column for my accountant to deal withthe cost of doing business
Comment from : Mark Worthington

wow thats crazy! :0 learned alot thank you bro
Comment from : Christopher Mora

have u ever did asset based loan on commercial property, 2 million property, cash flow 180k annual , they said since is asset based property generating cash flow, all I need is origination fee and 4 ON the 2 million with monthly payments of 7k month for 2 yrs, after 2 yrs I have to pay the 2million is that correct ???
Comment from : phonesanga phayarath

The difference between hard money and private lending is that hard money is backed by real estate collateral and are typically not credit based for decisions Private money lending typically use credit as a determining factor and are not necessarily collateral based
Comment from : O’So Krispie

Great info We defintly have to talk I'm going to check out your link I'm very experienced in rea estate (30 yrs) took a short hiatus a while back for personal reasons and of course covifld Now 100 back in the game
Comment from : Lawrence Bland

Awesome
Comment from : Sandra Verhoeven

Great tips! My question is, does this include major banks as well? Or is it just stand alone/private companies?
Comment from : RoxxStr

Nice, that's all I wanted to know, I guess that's a out for me, Robert Kiyosaki said it best, seek real teachers
Comment from : Joe Lover

Thank you soooo much! Because the internet make it seem like the hard money release the rehab fees for the rehab I just learned today the rehab fee is held in escrow
Comment from : Charlie

You are right about the contractors part Im a contractor and nothing is getting done without a signed contract and a downpayment A lot of "investors" dont like to pay and they come with all kinds of excuses A lien on the property fixes the problem 🤣
Comment from : omi89

I thought the point of hard money lenders is that they loan u quick money, for around 6-9 months & u only have to pay the principal & interest after that time period in full
Comment from : Talente Khuzwayo

These are evil institutions
Comment from : MrBluemanworld

Great video! I learned so much, you did a great job of making that information easy to understand
Comment from : Side Quest Plays

I completely inform my borrowers of all the costs on the first call Only fees are origination, service fee and Title/Insurance costs Rehab is escrowed with draws Have had many successful projects
Comment from : John Kesinger

Austin! You broke everything down perfectly You're smooth as hell I started getting hypnotize I think I have a crush on you 🤣😊 #newsubbie
Comment from : FoougieTV

u dis motivated me
Comment from : Alex Freeman

Just sold a property today, arv was $320,000 Sold for $395k Their arvs are always low, I think they do that on purpose
Comment from : Four Stars

They’re all crooks
Comment from : ray miller

I can vouch the course on private money lending is SUPER legit 💯💯 tons of value inside! Appreciate the content as always brother 💪🏾
Comment from : Ed Hayes

Great Content 👍
Comment from : Reika Marshall

Great subject, you are absolutely right about the Hard money lenders those things you talked about is never plainly explained by the HML, hopefully this information helps others make an informal decision if they chose to use a HML
Comment from : Devin Lopez