Business Funding The loans below are not dependant on your credit score. If you have a good business and you can prove that you earn income, you can get a loan. If you have good credit, that's a plus! You can use the money for ANY purpose you choose. No Personal Guarantees No Collateral No Upfront Costs or Obligation! $5,000 - $500,000 within hours Small Business … [Read more...] about What Kinds of Business Funding Programs Are Not Based on Credit Score?
What a crazy year for private funding, hard money, commercial funding, equity funding, business funding, unsecured funding; all kinds of capital for investment purposes. The climate of private lending has just changed because liquidity has greatly decreased, this has eliminated a lot of the competition. This has resulted in more restrictive requirements for approval such as … [Read more...] about How Can You Qualify For Private Loan Options Designed for Investors and Flippers?
Cj Johnson a Real Estate Agent in San Diego, wanted to help his friend in Cleveland Ohio who needed funding for a property that she purchased for cash, a year before for $80,000 cash. They purchased the property to be used for a special needs daycare center (special use) real estate asset type. She used her personal funds to finance a total interior remodel, then demo/gutted … [Read more...] about How Can You Successfully Fund a Fix and Flip With Challenged Credit?
Financing Methods A little known method for financing would be to obtain funds through a private lender or equity fund. These lenders offer rehab lending programs that are based on the After-Repaired-Value (“ARV”) of the property and allow for up to 80-90% of the purchase price with 100% of the rehab budget. Some programs are a combination of both debt and equity that … [Read more...] about What is the Difference between Private Lending and Hard Money?
If you aren't meeting your financial goals this year due to lack of deals, consider investing in 2nd Trust Deed opportunities or Gap Loans, as they are affectionately called. You get handed the best deals on a silver platter - without the responsibility of marketing, lead generation, follow-up, deal structure, project management, etc. you earn upfront points, monthly … [Read more...] about How Can Investors with Liquid Funds Invest in Private Loan Opportunities?
From A Lender's Eyes The nature of the market has created an environment in which there are some amazing deals available. However, these deals are becoming increasingly more complex with higher purchase prices, larger rehab budgets, and located in more exclusive communities. This breeds a couple results: -Lenders are more concerned about the borrowers … [Read more...] about How To Use Gap Lending to Close Your First Real Estate Deal.
1.) Find The Right Project! Because Hard Money loans are collateralized by the subject property itself, it's very important that you choose a project that matches your experience and financial capabilities. Lenders will consider the property and also the location. They use the info to determine the value, both current and future. 2.) Have A Great Exit Strategy Since hard … [Read more...] about 4 Eye-Opening Ways to Get Your ARV Loan Approved Today!