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:
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!
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.
As an alternative to conventional lending, many investors are using hard money lending. One reason is because hard money lenders like Intrust Funding underwrite investment properties based on expected ARV (after repair value) rather than current property value. As a result, neither credit score nor property condition are significant factors when investors apply for hard money loans.
The key to becoming a good investor is to use hard money loan programs to fund your profitable deals. Even more important is finding the right lender! It’s no surprise that shopping around for a lender can be a daunting task. We’re here to help make the process more streamlined.
Those unfamiliar with the real estate or finance industries may be confused about what "hard money" lending really means. Here are the facts.
