How do I work with a Hard Money Mortgage Lender

Hard Money Mortgage LenderHard Money Mortgage Lender

In the world of poor credit for investors the best choice is to work with a Hard Money Mortgage Lender. Using a Hard Money Mortgage Lender makes it so that the opportunity to invest is based more on the Asset’s Equity than your credit score. Hard Money Loans are a good way to get a property purchased and ready for rehab or renting on short term finance.

There are many that don’t want to live according to their credit score and using a Hard Money Mortgage Lender is a great way to do just that.

Where do you find a Hard Money Mortgage Lender

They say Google is everyone’s friend. It sure can be.

When used properly, Google can get you to the right company. Be aware though that google can also take you to lead generation sites that are marketers looking to sell your information to actual brokers making it a deal where there is more than one or two people involved. It could mean you’re paying a higher price to get that Private Money or Hard Money Loan.

Hard Money Mortgage Lenders have generally higher interest rates and are more willing to look at the property that you’re looking to finance rather than you.

It is a good idea however to do your best to put your best foot forward.

Hard Money Mortgage LenderMake a good impression with your Hard Money Mortgage Lender

When reaching out to a Hard Money Mortgage Lender, take note that they may want to check income and credit just to be sure they can qualify you a bot more than usual.

Even with our Private Lending Group, we’ve found that making sure someone can actually afford the payments has made a great difference in the amount of defaults with self employed investors. It’s not that we don’t want to lend, it’s that we don’t want to take back properties. It’s a long and arduous process no matter what state you live in and it’s just better business to be prepared to handle the cost of money into your formula for success.

Make sure if you do have challenged credit you have a Letter of Explanation and if you don’t have trackable income, be prepared to have longer conversations or to be passed on when it comes to lending. Many Hard Money Mortgage Lender are now following the path of checking on the borrower a bit more. It makes it safer for all sides. Protecting the borrower and the investor/lender.

If you want to learn more you can always reach out to us via the number on the website, or click here to apply for a Hard Money Mortgage Loan.

Hard Money Mortgage Lender

 

 

 

 

 

Find your Hard Money Mortgage Lender today

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Latest Trends in Private Money Lending

Private Money Lending – A better way to earn income

I’ve been listening to a lot of nay-sayers about the Real Estate market as of late.

Example:

Someone: “So, what do you do exactly?”

Me: I help investors realize a greater return on their investments through investment opportunities secured by real estate.

Someone: “Ooooh…**Makes the smiling nodding sign to his buddy** The Bubble…”

Me: “??” I’m sorry I’m not sure I understand what you’re referring to?

Someone: “Oh you’re in that place where when the bubble pops again people will lose money!”

Me: “You’re right, someone WILL lose money…just not our investors.”

Someone: “How can you say that? Banks are inflating prices again and it’s all coming back around for another fall!”

Me: “Yep, but that has literally little to no bearing on what our investors invest in.”

Someone: “??”

Private Money Lending as a safe investment

After the conversation with this person, it was clear they had a bad experience in real estate investing and had no clue as to what they were doing, much less understand what it meant to be a private investor versus an active investor. They haven’t been in Private Money Lending before. Even after explaining how it is hardly affected by the real estate market, they still showed invincible ignorance towards how we can avoid the thrills and spill of Private Money Lending.

For those that really want to be involved in something like this they have to let go of any past experiences in Active investing to even begin to understand how this dynamic changes everything!

Private Money Lending Broken Down

Private Money Lending depends mostly on the current value of a home and there are more than enough homes with good equity in them that you can literally find new opportunities daily that make sense.

If you work with a Private Money Lending Broker (like us) you can sit back and just wait for the opportunities to come to you. No waiting to get paid either; just a solid interest income payment each month until your principle is paid off.

Many have wondered if that is affected by the real estate market shifting so often…NOPE.

If you are in Private money Lending, you have the opportunity to earn income no matter where or what status the market is in. You do need to know what’s going on in that market to understand what kind of and if there are any good investments to be made. This should be up to your broker that is underwriting opportunities for you.

The Bottom line for this type of investing is, you dod need to still be savvy with the market you wish to invest in. If you have a good broker, you can count on, then you have numerous opportunities that can do you well in Private Money Lending.

If you are interested in learning more about how to become a Private Money Lender, you can Click here and get a free report on how you can beat the bank by becoming one!

Or you can give us your investor profile by clicking the pic below:

Private Money Lending

 

 

 

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Top 10 Reasons to Become a Private Lender

logo-private-lenderBecoming a Private Lender could save your financial future

Everyone has heard of “being the bank”. Everyone thinks you can only do that with Insurance policies or hitting it big in the stock market. Becoming a Private Lender may be one of the only true ways left to make this a reality.

Peer to peer lending has been around FOREVER. Most of us don’t know it’s shape or form as we’ve only seen it lending $20 to a friend or relative. Others have lent bigger dollars only to never see it come back. (Leaves a bad taste in the mouth no?)

In short a return on investment has become somewhat illusive. That’s where becoming a private lender could be a game changer for you.

Being a Private Lender in a nutshell

So what is a private lender?

It’s also called peer to peer lending and its been around since the days of horse trading. (Yes this is said tongue in cheek but it’s to emphasize that it’s been around a long time)

If you are an active investor, you swing a hammer and want to create a net profit after selling the home you are working on or creating cash flow by keeping a property for rent.

As a Private Lender, you don’t have the issue of finding, fixing, and selling or setting up rental. You simply lend capital to an active investor and collect the interest payments. Yes it is interest income and you will have to pay taxes on it if it comes directly to you.

As the Private Lender, you are paid first, not after the property is sold. You gain interest on the principle amount and get your capital back at the end of a relatively short term. (usually 12 months or so)

Benefits of being a Private Lender

One of the advantages of being a Private Lender is the fact that you can take the interest income and place it into a financial security instrument. (wooh big words) Basically like a self Directed IRA, or Defined Benefit Plan, Pension etc. This ensures minimal liability with Uncle Sam.

An Active Investor doesn’t necessarily have that luxury. If income goes into their LLC, they still have to reduce the liability by spending pre tax dollars. Then passing through the remaining income they still get taxed.

For a Private Lender, you can defer the tax liability by placing the interest income into the Self Directed IRA, or other instrument. This makes it easier for you to build your retirement or income for your family trust etc.

It’s how many have made sure their incomes are protected into the future. Not just holding a portfolio of homes for cash flow, but lending and gaining or increasing their Return on Investment.

Check With your custodian or if you need one call us and we can refer a couple to check out. (We gain no referral for suggesting any of them)

Top 10 reasons

ok so here they are in no particular order:

1. Deal with hungry Active Investors

2. Default means you’re getting a property

3. Interest income that can be placed in just about any financial instrument that allows for self directed investing

4. No marketing to find properties

5. No Hammer swinging (yes I’m that lazy too)

6. Easy to earn greater returns on investment

7. Investment is secured by real estate (as opposed to market fluctuation and unpredictability)

8. Shorter term for faster returns

9. No realtors, contractors, or people to deal with other than the borrower

10. First one Paid. First one out.

 

Consider becoming a private lender today. Call us at 702-856-4388 and ask for Dan or Mike. We’ll be happy to discuss what’s possible for you.

Private Lender

Become a Private Lender

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Private Money is Still Going Strong

Miami-Commercial-Hard-Money-Lenders.

Private Money hasn’t slowed down

And it doesn’t look like it’s going to any time soon…

REAIFACON blows it up for Private Money

We recently attended the REIFACON(Real Estate Investment and Funding Association) and the NABM(National Association of Mortgage Brokers) shows. What we found is that Private Money is needed now more than ever.

At REIFACON, we found that Private Money Lenders are needed now for development deals not just rehabs and buy and holds. Crowd funding is getting into this space too now for Private Money lending. This is big news due to the fact that the term Crowd funding is still not a good term by government standards. That said, although the terminology may not say that it is just that, the term Private Money is definitely involved and investors are getting great returns on their investments. Everything is done legally through the right filings and the right legal and financial instruments to set up and protect all sides of any loan made. The great thing about this is that now there is another means to invest in secured collateral and gain a return that is far greater than what the banks are giving.

NAMB Shows that Private Money is going strong

NAMB was a total blast. We learned about a lot of good things happening within the conventional realm and found something really interesting; Private Money. There were two commercial lenders that were sponsors and spoke in the breakout sessions. They talked about how banks are still turning down loans for numerous reasons. Policy Lending Limits, Legal Lending Limits, Committee refusals, loan officers not able to figure out how to structure,  Geographical Limits, etc, etc, etc.

We found one Private Money lender that was also there doing their presentation on Private Money Lending and how any conventional brokers could increase their revenue by helping others that don’t qualify on Credit. We found this extremely interesting as we have an affiliate program that allows non licensed people to become Commercial Loan Consultants in states that allow it. Click here to find out more if you’re interested in becoming a Private Money Consultant.

Private Money still has a lot of traction in the marketplace

What it really means is there’s still a TON of opportunity to get a Private Money loan for your projects. All you have to do to start the process is get to our Application page here, and apply, or click on the image at the end of the article.

Here’s where you benefit on using a Private Money Loan: You don’t have to worry about your credit driving the loan, that’s on the property and as long as there’s enough equity between the purchase price and repair and the after repair value there should be an ability to structure a Private Money Loan for your next project. We work with many that have challenged credit. the great thing about using Private Money is that you as the borrower don’t have something reporting on your credit report if something does happen to go wrong. Credit may drive an interest rate but not the total loan.

The exciting news is that you can get deals done from development to rehab to buy and hold. Don’t hold yourselves up, apply for your next Private Money Loan here, or click on the image to apply there.

Private Money

Apply for your Private Money Loan today!

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Earn as much as 10% on your money as a Private Money Lender

If you haven’t thought about becoming a Private Money Lender

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Private Money Lender…good title for you?

You’ve worked hard for what you have. You know you deserve better with the banks no longer paying anything more than even 1% on any financial products they offer.  So what do you do?

There are a ton of program out there offering you to invest with them. From Stock Market to Real Estate the options are pretty varied. The big question is, “Where can I get the best returns on my money?” Perhaps one avenue you should consider is becoming a Private Money Lender.

The big deal about this is the ability to become someone’s helping hand in deals they themselves either need help doing, or know how to do but just need that extra push to get their project completed. By becoming the bank for them you eliminate a LOT of headache for the Active Investor. You negotiate the terms that you are willing to settle with and both you as the Private Money Lender, and they, the active investor, both come out on top.

Free Report on how to become a Private Money Lender

There is a free report you can grab here to see how you can actually beat the banks pretty badly by becoming a Private Money Lender. Think about it, your financial adviser couldn’t guarantee that rate of return. It’s just not possible. As a Private Money Lender, IT IS! You are able to set terms and SECURE the Return via a deed of trust or mortgage and note. (Among other legal instruments)

Click Here to get that FREE report.

Becoming a Private Money Lender is not as simple as you think

Not everyone knows how to become a Private Money Lender where your money is protected correctly. We can help you through that whole process. Through our Network, we can help you learn how to become a private money lender by “vetting” any deals available and then presenting them as an opportunity for you to write a check and gain a security instrument to protect your money then you start collecting the checks.

Becoming a Private Money Lender, you are giving the Active Investor a fighting chance to get more deals done while securing a greater return on your cash that is probably sitting somewhere that you are just not getting any really fair return.

If you are interested in finding out more on how you can become a Private Money Lender and get a greater return on your money feel free to call us at 866-611-0186 ext 201 and we would be happy to talk with you about how you can join a network on savvy individuals that are already realizing a better ROI on their investments.

Don’t miss out on the opportunity to become a help to the economy by becoming a Private Money Lender today!

Private Money Lender

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Self employed mortgage loans

Self Employed Mortgage Loans

If you have difficulty documenting your income because you are self-employed, take a look at a self employed mortgage loan option for owner occupied applicants. Private Lending Group offers self-employed owner occupied borrower loans. We offer self-employed and independent contractors alternative income refinance and purchase loans, and investor mortgages. If you own your own business, or you are a 1099 contracted worker, then our self employed mortgage loans will likely meet your financing needs.

If you cannot document your income, we offer non owner occupied loans that do not require income verification.

To apply for a self employed mortgage loan click here

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Private Money Real Estate Loans

Private Money Loans

Private money loans are an important source of funding for today’s California real estate investors. Before the real estate bust it was relatively easy and inexpensive to get a loan from your local bank or mortgage broker. But those days are long gone as traditional lenders have tightened lending guidelines and in some cases, have gone out of business.

Real estate investors need funds to grow their business and help new home buyers achieve home ownership. Private money is a growing source of capital that is both affordable and readily available in most American cities like Los Angeles. Instead of seeking money from banks, savings and loans, and even hard money lenders who charge high interest rates, fees. Private money offer a alternative solution to growing your real estate business. (more…)

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