Hard Money
I started out my real estate investing career buying and rehabbing single family houses in Texas, and I used hard money. In those days it was a lot easier to qualify for a hard money loan as most lenders looked mainly at the equity in the property.
Fast forward a couple of years and today we find many hard money lenders underwriting loans not too different than their conventional FHA brethren. Well, maybe not quite as conservative, but underwriting times have changed.
Important Information
The banking group made a $4.8 billion profit in the comparable period last year — although direct comparisons are hard due to the acquisition of HBOS.
Daniels added that the decline in property prices had a significant impact on the group’s results, especially given the concentration of assets acquired through the sale of HBOS. National Hard Money Association
Hard money helps in real estate investing by making asset based capital available to investors. The biggest benefit is the fast pace at which these hard money work. You may receive the amount in as little as three days after furnishing all required documents.
You can get hard money as loans against collateral security, for both residential as well as commercial purposes.
If we compare it with conventional mortgage then we will find that conventional mortgage takes about 4 to 6 weeks of time in processing.
2009-2010 National Hard Money Seminar DVD
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Jon Hornik
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Jack Rose |
Leonard Rosen
Mortgage Pool Conversation
Not able to attend a Live seminar?
Would you still like to learn the Hard Money Mortgage business?
Our Live seminar is now available on DVD for the price of $595. Please select the following Buy Now button to complete your order.
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Included in this exciting 8 hour DVD program:
- How to become a hard money lender
- How to take advantage of the mortgage market implosion.
- Taking advantage of the foreclosure crisis
- How to take advantage of the REO residential markets
- Where to find commercial REOs
- Where to find Residential REOs
- How to service your own loans and create multiple revenue streams
- How and where to buy performing and non performing debt
- The six most important legal documents
- Understanding commercial loan workout programs
- The new marketing strategies
- SEO the 20 steps
- Mortgage Pools - Accounting & Auditing
- How to start and create a REG D 506 Federal Filing
- How to start and create a private placement memorandum (PPM)
- How to start and create a mortgage pool
- How to start and create a fractional investment mortgage pool
- How to start and create a hard money mortgage company
- Where to place your loan scenario
- How to determine the real value of the property (the Pitbull Hard Money way)
- How to package and sell your loan to the investor
- How to broker raw land deals, hard money commercial projects, foreclosures,
NOD's and hard money real estate development projects
- How to assess an appraisal that will lead to funding the loan
- How to broker second mortgages and home equity lines of credit
- How to broker commercial hard money loans
- How to broker hard money rehabs.