Recently, Will Heaton of Intrust Funding and Tarl Yarber of Fixated on Real Estate walked through a "Euro-cottage" that was renovated with a hard money loan from Intrust Funding. Check out how Will was able to marry the old with the new to create a unique combination of design elements for this home in Seattle. From the video: "One of the easy things with working with Intrust is you don't have to have an on-site draw inspection. Borrowers are able to submit just 10 or 15 photos, and a description of the work they did, 24 to 36 hours later, we can wire you the funds, drop a check in the mail, come by the office pick up a check, do direct deposit."
Since 2008, conversations and questions about the pros and cons of hard money loans have taken over the real estate investment world. Some private investors are still confused about the nature of these loans, while others have jumped on the bandwagon and partner with hard money lenders to fund every project. The truth is hard money loans are relatively simple investment tools with quite a few benefits that often go overlooked. Here are the facts:
“Foreclosures are great real estate investments, but many traditional lenders see the risk and not the reward on these properties. That’s why more real estate investors are using hard money loans to buy foreclosures.” - Loren Howard A hard money loan makes it easy to buy, repair, and profit from foreclosure real estate investments. Real estate investors can also close on properties faster than ever because hard money loans aren’t credit based and can be funded in as little as 48 hours by lenders like Intrust Funding.
As hard money lenders we’ve seen perfectly legitimate investment opportunities turn into financial crises because of borrowers' inexperience in choosing and managing contractors. If you're new to this process, don't worry! Here are a few tips for working with contractors successfully.
Many lenders, Intrust Funding included, refuse to finance investment properties that they do not believe will be successful. In the instance that an investor is rejected because of the property, it is a good idea for the investor to either request a second opinion or not purchase the property at all. While it may seem preferable to get a second opinion, the lenders that advise against purchasing a property are working in your best interest and are not interested in attaining your collateral, but rather in funding a successful deal.
It’s the bottom of the ninth and there are two outs. Who is batting for you? You’ve done your research, your financial documents are ready, and you’ve found the investment of your dreams, but how do you decide who to trust to back you financially? Here are key characteristics to help you find a lender that’s right for you. Hit this one out of the park! Pro Tip: Hard Money Lenders with High Default Rates Should Always be Avoided!
Jorge Gabuardi and Rachelle Boyer shared their experiences flipping houses and buying properties with hard money loans from Intrust Funding. Discover why real estate investors in Western Washington trust and choose us!
Fix and flip real estate investors may look glamorous on TV, but what they don’t show you is the steps taken for purchasing an investment property. Like most of us, they don't usually have hundreds of thousands of dollars just sitting around in their bank accounts. In fact, the biggest obstacle for new investors isn’t the work required for property renovations but rather securing the funds to acquire their investment properties in the first place. And that's where our fix and flip loan program comes into play.
Recently we sat down with Francisco Figueroa and Rhonda Williams to ask about their experiences flipping houses and buying properties with hard money loans from Intrust Funding. Discover why real estate investors in Western Washington trust and choose us!
Because hard money lenders fund projects conventional loans typically won't cover, there are a lot of misconceptions about what hard money loans actually are. Here Intrust Funding takes on a few common myths by talking about the facts.