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?
A gap loan is usually given by a private lender willing to go in 2nd position in order to fund the "gap" of missing funds in order to close a transaction, this is usually. short-term loan of 6-12 months.
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?
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?