Stuck in the Freeway of Real Estate Financing? Go for Hard Money Loans

Have you ever been stuck on the freeway in traffic, when you are moving less than two miles an hour on a freeway that is thought to be 65 - 70 miles an hour? It is pretty frustrating because it is just JAMMED UP. You can’t go to the left. You can’t go to the right. You can’t get on me or try to take a side street. You are just plain stuck and lots of times people feel just plain stuck financially when for real estate investments they do not choose Hard Money Loans appropriately.

One of the things that they overlook is working a little extra or doing something on the side in order to come out of this frustrating situation. One of the great things we see people doing as a side business is real estate investing. We grant a lot of loans to real estate investors and some of the real estate investors do it as their full time business, which is quite exciting because they are able to dictate their schedule and their activities. We work with a lot of other real estate investors who have a day job as well, may be they are plumber, a teacher or a carpenter and they want to do something side by side to make some EXTRA MONEY, which is real estate investing.

Lots of times that extra money can turn to be a lot more money than your day job but you have to get it started from some point. So when it comes to getting started with real estate investment, one of the things that we like to say is DON’T leave your day job, keep your day job for some revenue so that some income should be coming on permanent basis. Eventually, you might get to the point where you can leave your day job but today is not the day to do it. When first time you start a property isn’t the day to quit your job. It’s the time to work EXTRA HOURS and get it done faster. That is one of the most important things you need to learn when you start working as a real estate investor for valuable properties in order to rehab and resell them while taking Rehab Loans.

You often hear the story of the king who ends up going to conquer a village of New Island and when he and his army show up there they get off the ship and the captain goes to the ship and burns it and ship just burnt into the ocean. He looks at his army and says that we are going to win this war or we are going to die. There are no more options. It is often referred to as burning the ships, which I think is an IDIOTIC MOVE.

When it comes to having different avenues or things to do, I think you should have your options open just like being stuck on a freeway in the middle of traffic when you are going less than two miles an hour. It certainly would be nice if you can get access to an off track or if there is fast line you can move yourself into. We think options are important and when you get started as a new real estate investor it is important to keep those options open, keeps the freeway rowing and have opportunities based upon many different levels.

One of the major options is to concentrate on Private Money Loans. They can benefit you a lot in order to flourish your extra hour work and change it into a business. Private money investors provide you opportunity to have a partnership with them in order to make wealth. At the time of staring real estate investments, you do not have many finances to run your part time business, at this point private money lenders walks with you side by side to make a wealth for you and for them as well believe me.

Happy Investing!

Online Hard Money Lenders – Select One Carefully!

While buying grocery for home I just stopped by the racks of ready to cook food to buy a few items for my kitchen and all of a sudden I thought about ingredients of these ready to cook food packages. And I thought just like different set of ingredients in these ready to cook food there are so many opportunities of investment in the real estate market of Arizona and it is quite excited for both real estate investors and Hard Money Lenders Arizona. And I want to discuss today about a very important INGREDIENT of real estate investment business and that is online hard money lending. As a real estate investor, at which ingredient you need to focus seriously when you are looking for an online hard money lender. And for me the most important thing is to find a hard money lender that is going to be more than just gathering your information and sell that as a lead while talking about hard money lending.

Very common trend now a day is to establish online business and same thing goes for the business of hard money lending. But are all online hard money lenders actually serving the purpose of purely unconventional hard money lending is the question. The answer to this is a straight ‘NO’ just because there is a type of online hard money lenders which actually are only ‘LEAD AGGREGATORS’ but not real online hard money lenders. All they are trying to do is they gather your basic information including your name, phone number, and the property address and then resell your basic information to other hard money lenders who are going to make phone calls to you. These lead aggregators, Trust Me, are just taking your information and selling it to lenders for $25, $50 or $100. So there is a possibility that you could be getting calls from different kinds of people or maybe you will be getting no calls.

So when I am analyzing it from my perspective, as a successful real estate investor this is very important for you to know that either you are contacting one of the authentic online hard money lenders for borrowing Hard Money Loans Arizona or just dealing with a lead aggregator. The reason why you need to contact an actual online hard money lender is that, there is strong UNCERTAINTY in working with these lead aggregators as you might be relying on something that may happen or may not even happen and you may not even get a return phone call because the place getting your online information isn’t actually the one that is going to do hard money lending with you directly.

So when it comes to working with the direct online hard money lender, you need to make it sure that the hard money lender actually has its own services as he is going to help you in finding the home for your loan, actually funding for the property or he is going to acquire funding for you through different means and he is going to work as a broker as well in some cases.

Actually you need to focus on that the online hard money lender must Clearly mention its terms, conditions and policies for money lending, their privacy policies, their phone numbers, physical address, the maximum amount of loan they can lend and most important of all the money lender must have a third party verification; such as Better Business Bureau or some other watchdog group where you can file a complaint if you are unhappy with what is happening and you can see how many people filed the complaints about that money lender. So be careful while choosing an online hard money lender for Hard Money Loans as money lending is a critical phase of your real estate investments I believe.

Happy Investing!

Faster You Precede Better You Earn Wealth in Real Estate Investments

I was on the phone with a client of ours and we were asking him what you think is the most important element of real estate financing and client’s response was quite quick, “having the ability to close on the property in a VERY FAST MANNER”. What you think that time period would be, we asked and he said five or 10 days from the time of making an application for Hard Money Loans to actually closing for that property is what you call real estate financing in a quick manner. I said when it comes to real estate financing why that is so important to close in a quick manner and his answer was that good opportunities don’t last for longer time periods.

Real Estate Financing! When discussing the term real estate financing and its relationship with hard money loans for rehabilitation of the property, we need to focus on the conclusion drawn from the rich experience of real estate investors. From there we can draw maximum important factors which can definitely lead any determined real estate investor towards a way of success. After having serious conversations with a few of my friends who belongs to real estate investments I concluded the important factors may include seriousness about your business, sensible investments, long-term relationship with existing clients, sizeable financial pool and quick closing. You must be wondering besides other components why quick closing is important. YES! One very important component for being a successful real estate investor is quick closing.

Let’s discuss quick closing, it’s important and the maximum time for which quick closing should be done for a property. Well quick closing means 5 to 10 days from making an application for hard money/ Rehab Loans to actually closing the deal. It means that the real estate investor submit the application for loan and approval of loan, funding, rehabilitation and then reselling needs to be completed in maximum 10 days. This is what experienced and successful real estate investors practice mostly for quick closing of the properties TRUST ME!

Now, next question raises in your mind must be that when it comes to real estate financing why closing in a quick manner is critical and important? The answer for this question is quite simple and straights and that are “OPPORTUNITIES DON’T LAST VERY LONG”. So if you find a good opportunity you need to close on it you don’t have a month or two months to close on that property. Therefore, when it comes to real estate financing, the most important thing to do is to get that done in a faster manner. If you can have a closing within 5 or 10 days that is going to be most important thing for you to earn the wealth.

Thus, Quick closing is important when it comes to real estate financing because opportunities don’t wait for a longer time period and equally important fact is that opportunities don’t come across your way every day. So as a skilled real estate investor you MUST recognize the fact that opportunities, you know, they come fast and go fast so you got to jump all over. So finding good opportunities does not happen every day. You need to develop and have the ability to close on those opportunities on a fast manner when it comes to real estate financing for that fix and flip investment property.

When time comes to choose the right private money loan, you need to select that hard money lender who can process you application in a FASTER MANNER; how fast can they have an answer back to you should be your criteria of selecting a hard money lender. This will provide you more time to work on rehab and then reselling of the property. So select carefully the right hard money lender for Private Money Loans.

Happy Investing!

Quick Hard Money Lending is in your Hands!

How you can benefit yourself from quick Hard Money Lending and how you can get your hard money loan done in a faster manner is today’s topic of discussion.

I mean we were into a lot of situations with people who submitted application and then once the application is submitted they don’t do any thing else and the key to getting a fast hard money loan regardless of what lender you are working with is to get the documentation that they require to them in a fast manner. If YOU want to get it DONE on a quick basis, lenders definitely require documentation before you close.

Typically hard money lenders are going to need to have a title report or a closing protection letter or information regarding the insurance on the property. In case you are buying the property in a corporate name, they will need to have articles and corporation which shows that you can sign on that property and such sort of stuff. WHAT need to be done at your part is you are going to submit some sort of application that may be a lengthy drawn out process or may be something simpler, you know three or four page form. Once you submit that application the next step in the hard money loan is to actually have an evaluation done on the property where some expert goes and determines what the property is worth actually or determines how much they are going to lend you on the property in case you are going for Rehab Loans.

Once that has happened the next step is then to gather conditions of the title report, hazard insurance and corporation name and after that they actually would fund the loan and you go and sign so you may say it’s a generic process for any type of hard money loans. If you are trying to get QUICK HARD MONEY LOAN, the best thing to do is to actually get the information from the lender during evaluation phase. We have seen a couple of clients doing excellent job. These clients put in their application and on the same day or next day they gather the conditions. Within 72 hours they completed all the required information for their hard money lender. This process is quite generic for hard money loans except one or two exceptions which may be rare as well in most of the cases.

What SUCCESSFUL real estate investors did is they put the application within three days with all the necessary things for close in. When evaluations came back to us as hard money lenders for review, we want to know exactly what we can lend in line with what they are hoping for and loan will be hold. All the conditions were already in and we said Great! It will take us about 48 hours to get this thing wrapped up and close and they said no problem. So within five days or less they actually went from making an application to actually having their deal funded. I mean that is awesome.

The biggest delay in having faster is typically at the BORROWER’S END because the borrower is waiting too long to complete his paper work. So if you are looking for fast hard money, the first important thing is to find the right hard money lender but the second equally important thing is to look is in the mirror and make sure that you are completing things at your end within the time period given by your hard money lender so that you can have a fast hard money closing.

Hard Money Lenders, the wise choice of real estate investors

If I want to excel myself in one of the most flourishing businesses of real estate investments, what needs to be done and how? I guess! Working for a while under an experienced real estate investor, learning business tactics, making contacts in this business domain and FINALLY I will start working on my own infrastructure for setting up my office for real estate investments. And then I will own my business of real estate investments. I know it is not as simple as its description over here is but I am ready to face the hardships in order to make myself a better businessman for real estate investments.

But this is not the WHOLE STORY of real estate investment business, I wondered when one of the successful real estate investors told me and I asked amazingly what is missing in it? He nodded and sat a quiet for a while then told me Hard Money Lending. I asked why we need a hard money lender. As I was wondering why we would want to pay for more expensive money at a more expensive rate, when they could go to bank. The real estate investor told me that we also have some new investors who wonder what is the rate difference among conventional loan which one can get for five, six or seven percent and hard money loan that is going to range between 15 and 18%. They also wonder WHY there is a big difference in interest rates of these two money lending institutions.

The most important reason for which a real estate investor needs to choose hard money lending is that conventional money lending institutions like banks won’t lend on properties that you can make enough money. If you are looking to buy a property, improve that property and sell it for a profit, traditional lenders aren’t going to lend Rehab Loans on properties that you work on is just the bottom line. Reason for that is traditional lenders have paper they want to resell and if they can’t resell that paper to Wall Street then they are not going to write it even if they know that they can hold the paper meaning hold is on books and service and collecting the payments and doing such types of stuff themselves. They don’t want it because if they ever face a CASH CRUNCH, they want to sell that paper to a third party or to Wall Street so they can recapitalize. The concept of recapitalizing means that they are selling their paper so they can get cash back in their pocket so they can go and do new loans.

Why you need a hard money lender because nobody else is going to lend rehab loans for property you can make money on. If you are going to buy properties that you want to rehab and resell for a profit, a hard money lender is going to be very best friend. Now why do you pay extra when it comes to a hard money loan? And the reason is because hard money lenders are going to do things based upon asset. If you are a real estate investor there is greater risk and it is SPECULATIVE INVESTMENT. You are hoping that things work out but you may not do what you are supposed to unlike a homeowner that has a job, he gets qualified and is going to live in the property.

These are some of the reasons why you are going to see some pricing difference between these two. Again when it comes down to why you need a hard money lender it is quite simple because no one else is going to lend to you and if you want to be a successful fix and flip real estate investor, a hard money lender is going to be your best friend. Happy Investing!

Be Aware of Hard Money Lending Pitfalls!!!

A few years back, I have some friends of mine who were out trying to find a loan and one of things they did is they made contact with some guys. One of my friends selected one of them who made some promises that he will provide funding for him. It was, you know, one of the Hard Money Lenders that wouldn’t have to report to my friend’s credit bureaus on payments as long as he pays them off. He made some false claims that my friend will be able to get 100% financing and everything else. It looked so good that my friend decided Hey I am going to move forward with this Loan.

After deciding for this loan he moved forward with that lender for processing. They actually got all the information from my friend by setting him for a bunch of paper work. He wanted some Tax Returns and Bank Statements and said we will give you some bank statements as well. So my friend worked through all the documentation that has been requested while thinking this is a lot of work to get done for this loan. They thought hey if they can get us what we are looking forward, now they feel.

So finally they came down to the day of closing. When they showed up at the closing table, they found out that everything full of promise wasn’t actually what was delivered. First thing he found in closing documents is out that his loan WASN’T a Hard Money Loan. He further found out that it was actually a Portfolio Loan and it means his loan was going to be packaged and sold out. The lender actually approved a traditional loan for him which as you know is going to affect his credit score. If he close on a traditional loan and pay them off in a couple of months, it was going to have a bearing on his credit scores and a few other similar things.

They also did a traditional loan and closing out several times. It looks really bad on the lenders and lenders don’t want to loan to you ever again and it has effects on credit score. So my friend showed up the closing table and he was very upset and he chose not to close on the loan and that’s when he became my client as well because he want to choose Hard Money Loans and we actually were able to provide the financing at that time and he was able to close on loan. See! There was 100% financing. It was not at all going to affect his credit scores as long as he paid us off so we moved forward.

So, I think moral of story is, first of all hard money lenders are not graded equal just like not all hard money loans can be graded equally. Secondly, I think it is important to realize that several times we hear stories about people going to the closing table expecting to close on a loan and buyer never makes and the lender that they are consulting for hard money loans is seem impossible to be found and never to be called nor they reply back on any of your phone calls. So, I think it is really important that you, as a real estate investor, are working with a hard money lender that has a good reputation; a physical website presence and a physical office presence just like Hard money lenders Arizona. If this does not happen actually then you may have a problem. We have been discussed about hard money lenders and getting loans against real estate and some of the pitfalls and making sure that loan you are getting is actually a loan that you want. Happy Investing!

Be quick if you want a Quick Hard Money Loan!

The more you DELAY, the less chance you have to get a QUICK LOAN. Yes! This is what I have learned so far from my own experiences as one of the Hard Money Lenders in USA. If you are looking for quick money loans for real estate investment, you first choice is definitely going to look for a Hard Money Lender for borrowing loan as it is one of the best options for a real estate investor. So the key point of discussion is how speedily a hard money loan can actually be processed and major reasons of delay in this process. For such kind of discussion, it is quite important to realize all the events that have to occur in the entire process of hard money lending. Let’s see them one by one in this article.

Let’s start form the very key person of this process of hard money loan and that is you - the real estate investor who will lend the loan. The biggest way in getting a quick hard money loan really comes down to you actually. You as a borrower typically delay the process by waiting for too long to make application. You need to give a lot of time to your hard money lender for processing the loan. If you know loan is going to go under contract then get it over to your Hard Money Lender right away so they can start working on it.

Second important thing is that you don’t submit complete application. A partial application is getting in the way of the process while you are in hurry because you need some quick money on your real estate and you can’t delay the process. So definitely you need to do it as fast as requested through the complete application submission.

The third way we see borrowers delay the process in doing a hard money loan is that they don’t provide the necessary documents in a timely manner. You see most lenders may need a copy of the real estate purchase project, title report or closing protection letter and if you can gather those things up and send them to the lender within a day or two at its earliest it is going to speed up the process.

Now let’s assess quick Hard Money Loans from a lender’s perspective. The first thing that lender needs, is to get the application and review it. After that they are going to order the evaluations on the property, get somebody to determine a value. Once that value is determined then it needs see where that value lies and final loan amount needs to be established. When final loan amount has been established then real estate purchase contract, title work and such other conditions need to be met. Once all that is received then it all needs to be looked over or underwritten and once that happens; docs orders need to go in and once the documents ordered then they are able to get drawn up. When the documents are drawn up, then it goes over to the title company.

So above mentioned factors are the biggest delays in this process that are mostly out of lender’s control. Also lender has no control over the title company and the evaluators because most reputable hard money lenders are actually going to use an independent third party evaluator and that is going to take some time for example 3-4 days if you are in a rush. If you are delaying on giving the documents it is going to slow the process as well. So when we talk about getting quick money loans and quick hard money it is really important to remember a quicker delivery of Complete Documentation from real estate investor’s side. And the faster the delivery of complete application will be the earlier you will get a hard money loan from Hard Money Lenders Arizona. Happy Investing!

Unlimited Prospects, No Conditions apply

While aimlessly seeing a brochure of one of the famous mobile phone service providers I saw ‘Conditions Apply’ statement in a miniature font at the end of the brochure. I agree there are certain conditions for any products introduced by a company in any business. But I tried to think vice versa. What if unlimited prospects and no conditions apply in hard money lending business?

What are Hard Money Lenders? I think they should be called opportunity lenders. I must say that hard money lenders are the finest solution for today’s real estate crisis. And the major reason behind this claim is that every time a hard money loan is given there is an opportunity to help impact the market and the largely the economy of the state for betterment. Let’s talk about all the people who benefit themselves when a hard money loan is granted.

At very first place, the previous owner of the property whether a bank, government with FHA, private owner, an owner who wants a short sale, or a family whose house owner is passed away. Any among these sellers are the first beneficiary for that property as they are going to sell it for some reason. At second place, the Title Company will be benefited which is going to close the transaction. Now there is good news that some local title companies are attached with title companies; which is going to bring money to the local economy.

The next person that is going to help is the real estate agent that actually sells the property. That real estate agent who is going to earn money and ultimately he will spend it in local economy. He also pays taxes on that money, which will help as well as the Title Company and sales officers with their taxes, which will help the overall market place as well. The next person that is going to benefit is the repair man, the handy man and all the people who are doing labor on that property. They are benefited because they are going to be paid as they do the work on that property. There is a term in economics called trickle down effect, which basically means when money is generated people will trickle down; they will spend money with other things, which helps the overall economy.

The next people that are going to benefit when Hard Money Loans are given is the local supply shops including plumbing shops and those types of places because they are going to have to buy materials there. Then you also have the insurance company. There is going to be an insurance company that provides hazard insurance on the property and there is going to be an insurance agent that is going to get paid for that that is also going to spend money in the local economy as well.

Next let’s talk about the sale of the property because when a property sells there is going to be another real estate agent that is going to drive revenue. He is going to pay taxes and spend money. There is also going to be a mortgage broker that is going to provide the loan, a new loan that is going to be a good new loan on a property. They are going to drive profit and spend in the local market place.

The next thing you are going to have is the new buyer that buys the home. Typically when a hard money loan is done some one is fixing up the property so they can buy a nice new house even though the house may not be brand new the inside is brand new. So they sell it for a little less so the buyer gets a discount. Now, again there is local money coming and a title company for this property. As you can see there is a variety of people that are going to benefit as Private Money Lenders grant loans for real estate investments. Now see there are unlimited prospects and No Conditions Apply……

Awaiting for your comments as usual!!!

More feasible choice for Real Estate Financing, Let’s evaluate!

When talking about real estate financing, there is a variety of choices come under the umbrella of real estate financing. It is quite significant for a real estate investor to understand all these types of real estate financing because only then you would be able to choose the right lender for money lending.

At first place I think you have the option of traditional lender. It may be a bank, or a credit union and they typically provide financing to homeowners and occasionally they will provide financing to investors. Now if they provide financing for an investor they are only going to flap an investor that has so many loans in their name and that changes. It has been as high as 10 as low as 3. But they are going to require you qualify for that loan based upon debt income, based upon job verification and based upon your experience. They will include some of the rental income if you have the property rented but they are also going to take out certain cost for that property. So you are going to get a decent interest rate with that and it is going to be a long term loan. Those types of lenders are going to record against your credit report.

Another type of lenders, I should say for those types of lenders they are not going to do anything fast. They are going to go through a long process. They are going to evaluate and scrutinize you, your job and the property. It is typically a 30-day process and in doing that they are going to have all kinds of documentation including blood and urine samples in most cases. They are questioning how long they can hold those.

The next type of real estate lender is called brokers who actually do not provide Hard Money Loans by themselves. A real estate broker is someone that actually does not have money when it comes to financing and more specifically real estate financing. So what they are going to do is they are going to take down all of your information, understand what you are looking for and then they are going to place your loan with a lender, a direct lender, that is willing to provide what you are looking for. Now the advantage of a real estate broker is that they are going to have more options than a direct lender.

The next type of lender you are going to have is a hard money lender or a soft money lender. Basically, what you are going to have is a hard money lender who is really not a hard money lender because they are borrower centric. He is looking at borrower’s credit score, income, job history and credit scores. So you might be able to find a soft money lender and they are typically going to take longer and they are typically going to sell your loan also to a secondary market but a different secondary market that is willing to take a higher risk type loans.

And when we talk about real estate financing; the next type of lender is a true hard money lender and the definition of a true hard money lender for real estate financing the one who is willing to lend based upon the value of the property not but the borrower’s personal qualifications. so they are going to look at the value of the property. They are going to look at what that property is going to be worth once it is fixed up when the repairs are done, what is the maximum amount of money that property is worth once repairs are done and what repairs will maximize that property in a conservative manner. They are not governed by different places that they are going to sell the paper to. It is typically their money or its private money. They have criteria which they have to follow. So when we talk about real estate financing and more specifically about Hard Money Lenders Arizona we have gone through the whole array all the way from direct lenders to the hard money lender and in between and I just want to bring up different types of real estate financing that is out there so that you can make a better decision as a real estate investor.

How to setup a Private Money Lending Services List?

While talking about private money lending services and their usage in real estate investment, the first thought come in mind is to choose and contact a private money lender and then the things will get smooth but for me as an experienced private money lender this is not the actual case. Although the most critical thing is to carefully choose one of the accessible Private Money Lenders we also need to talk about a few but very important partakers of this business domain. And I believe if a real estate investor carefully team-up these key persons in his/her private money lending services list, he would definitely make handsome money out of every deal.

The first important person is a real estate agent who is going to help you in acquiring a property and also liquidating a property. We make money when we buy a property and we realize that profit when we sell the home. So money will be made only after finding a good property, which I believe is a real estate agent’s goal. They provide you a list service that is going to aggregate the information. Real estate agents are going to find bankruptcies, state sales, foreclosure, oriole homes, short sales, and also anybody that is in distress situation, judgments, weaned and aggregate that information pull contact information and then deliver that to you. It is list of aggregator and specifically a foreclosure list aggregator, which is going to be important to help you find a property. In addition to that a real estate agent finds and sells property as well.

The next vital role in your hard money services team list is of an insurance agent; because when it is the time to purchase a property one of the hard money services is that you need the surety of someone that you can get coverage when it comes to insurance on that property. Most insurance companies won’t lend on a vacant home. Being present in the same industry for almost a decade, we have seen that most insurance companies won’t insure vacant dwellings because there is additional risk of no inhabitant. At this point, the insurance agent will be the one who will make sure that you find an insurance company that is confident upon a vacant asset/property which can provide you a vacant dwelling policy.

Your service team list should also have a home inspector. I think it is really important to have a home inspector to inspect the property as you need to go for Private Money Loans for your investments. Mostly, what happens is that real estate investors go out to observe the property and only see if things stand up and look good. They may also accompany their handy man or contractor for an analysis but the contractor and handy man is actually bias as they want to do the job. So, even if there is something going on they are not totally motivated to make you aware of that because they can charge you later for additional repairs. But for a couple of hundred dollars you can get a good evaluation done on the property by a professional home inspector.

The next thing that you need to have on your service team list is a contractor and a handy man. You have to have some reliable people to actually get the work done. Even if you are doing work yourself you are still going to need to have a carpet guy or you are going to need to have someone that can lay tile or some one who is good at picking up the pieces and get the work done you might be missing out on.

Finally, you need to evaluate your decision of investing in the property from another perspective and this can be done through an agent or can be done subscribing through a service and actually be able to have some one else take a look at your deal.

Last but not the least is finding a professional hard money lender who is eager to lend you for investment. We Private Money Lenders Arizona are specialized in financing for lower end homes as our experience is spread out over a decade and we are confidently telling you that high end homes are taking a beating. Lower end homes are moving and that is important.

Dealings at Dead-end!

I can tell you from experience one of the most frustrating situations is when you are sitting at a title company and there is a broker that is not a direct money lender telling you something is going to be happening and the wire does not come or the broker saying we are only a few thousand dollar short for making this deal work. You are going to have to find a few thousand dollars; this deal just isn’t going to work because they don’t have any control over the situation and whatsoever. And you come to know that you were sightlessly dealing with a camouflaged money lender who is actually just a broker. Here is the point where annoyance makes you realize that you picked out a wrong person for your dealings. So, this is quite significant for you as a real estate investor to figure out the difference among disguising private money lenders and direct money lenders. Let’s evaluate first the definition of a Direct Private Money Lenders.

Private money lender is pretty obvious, some body that is actually going to lend money to a real estate investor and direct means that you, as a real estate investor, are going to a private money lender instead of working with a broker. In numerous cases, brokers will gather your information and try to find a home for your loan or find a place for your loan. So direct private money lenders not going to outsource your loan or package or broke for your loan to a secondary source which will later on provide you the funds.

Now, how can you distinguish the two as a real estate investor? At present, there are several brokers who have disguised themselves as direct private money lenders. They have their websites where people advertise and what actually they are doing is they are just grabbing potential real estate investors’ data while further trying to find someone that will actually do the loan for that pertinent investor. Every time those people will quote terms or rates based upon their personal assumptions that may not actually diverge from the real time scenario. But if you actually go to a direct private money lender you are actually going to the source. How can you differentiate them? It is truly simple; you just have to ask the individual, are you a broker and going to submit my information to someone else assertively because you technically have all the rights to give the authorization for your information as per your own choice.

What if you are dealing with a broker disguising himself as a money lender and not actually having funds for Private Money Loans? When it comes to hard money, it is typically the hardest thing for such type of brokers to find someone who will actually fund the loan. And they cancel deal at eleventh hour by giving any lame excuse of having a few dollars less than your demand. So be careful with such type of money lenders. When talking about a broker who actually calls himself a broker, it is fine if he will find a property for which you can lend from some direct money lender and in some instances it actually is wonderful to work with brokers for finding desired property.

So when it comes to deal with a direct private money lender, you know you are going to an actual source that has the capital to lend you. You will know the exact time when your private money lender will give you the approval for loan. It is not conditioned upon something else. And we, Private Money Lenders Arizona, are truly direct private money lenders while having our own capital for lending based upon the value of the asset.

Cutting-edge Connections!

Among pizza platter and Find A Property portal

Terrific! This superlative pizza platter made my weekend perfect and definitely I would share this amazing experience with my dearest buddy Paul. I am sure next time we would have a nice time at this place as he is fond of good quality food just like me. This is the story of a week ago when I visited a good restaurant alone.

So on very next weekend me and Paul plan to visit that place for a lunch and we had a wonderful time over there. But the interesting part which I am going to share with you is that during our chatting at the lunch we were discussing many informal things. After serving the delicious “Pizza Platter”, all of a sudden Paul suggested let’s make a comparison of this platter with our own business domain. I gave him an intent look for a while but then said, “Ok, go ahead and coin your idea with real time examples”. And then he started, Trust Me that was one of the most interesting discussions I ever have concerning to my professional life.

Paul said, “Well I want to quote here the real time case of an exemplary Find a Property Portal for distressed properties and then I would compare it with this delicious pizza platter on realistic grounds”. I nodded and curiously wait for his next utterance as I felt the topic is really attention-grabbing. Let me explain you in plainly how Paul depicted an exemplary Find a Property portal and then later on we commented on it jointly.

There should be a source pool of information about all the available distressed properties in all states of United States of America. It should be equally accessible for everyone and of course free of cost service where everyone can find the required property in their desired state(s). It must be updated on daily basis and around the clock. The information pool should be clearly categorized into Pre-foreclosures, Short Sales, Sherriff Sales, Foreclosures, Bankruptcies, Tax Liens and Auctions categories. The best source of presentation of information pool should be the www domain. It would be easily accessible to everyone at any place. So these are the major traits which a Find a Property portal should have in it in order to provide real time and unlimited help to real-estate investors.

And then there is a silence among us and we started concentrating on our meals because Paul discussed such dry and totally professional information with me. We instantly looked at each other and then took a start on the debate of comparison among the two. It was quite a convincing idea for me in fact as I started collecting the similarities among my pizza and Find a Property portal. Well at very first place both are available for masses to access and testing. Both have a set of balanced topping as pizza contain cheese, tomato, green pepper, Mushroom, onions and black olives in topping while the Find a Property portal contain a perfect topping of all states of US. Whereas going deep into the baking ingredients of pizza, it is perfectly baked by highly professional chefs immediately after taking an order and same thing goes for Find a Property portal. The portal contain very precise set of information about distressed properties gathered by highly qualified professionals who update the portal 24/7 with accurate and mandatory information either about the property type , it’s worth, photographs of the property etc.

So it is indeed one of the amazing comparisons I ever had in my professional life. There is a lot to compare and we find it a wonderful lunch altogether. But afterwards I thought if such kind of thing is available for real-estate investors and Hard Money Lenders, they would definitely excel in their business by targeting the right market at the right time frame.

And yes! Don’t forget to comment on this piece of writing as I am quite curious about watching your comments on it. I am sure that would be an equally wonderful experience.

Who is at the verge of jeopardy? Hard Money lenders or Real Estate Investors!

Whenever I think of the word “INVESTMENT” another term strongly allied to this comes in my mind instantly and that is “RISK” associated with the investments. Yeah! Investments in any business quickly shift the focus of the investor on risk factors associated to it. And same goes for the real estate investors and Hard Money Lenders Arizona.

Now who is at the highest risk – real estate investors or hard money lenders? This needs to be sorted out on logical grounds as per my thinking. Let’s evaluate the existing scenario in an unbiased manner.

Real estate investors by and large believe that whenever they will involve hard money lenders in their business of investment, they will lose their prospective accomplishments or maybe they would be at the verge of an end in a very short while. Is it just a myth or actually it happens on realistic grounds? Are there any evident examples about it or real estate investors’ just use it for the sake of led downing? Let’s evaluate it on realistic and factual grounds.

As a matter of fact, in lots of cases property investors may think that private money lenders don’t want them to make money and that is the entire truth. Property investors are people that are purchasing a property, fixing it up and reselling it for a profit. They are typically individuals or if they are not individuals they are small corporations that are run and managed by typically individuals, their families or partnership or whatever the case.

Hard Money Lenders at the other end are people that are providing funds but they are non-institutional funds meaning they are not banks or credit unions. They are private funds that have money they lend to property investors. Some property investors may think that hard money lenders are just out to get them and some of them are; that’s a naked truth. In fact some hard money lenders are out on what we call loan to own program meaning they are loaning money with the intentions of taking back the property as fast as possible. And any time that a property investor screws up that hard money lender just occupy that property as fast as they can.

Such very few but factually present miscreants distort the image of hard money lending and lenders. But if they find good hard money lender; the hard money lenders don’t want your property, they don’t want blood from you. All they want is a return of their money and return on their money. So they want to make sure they get their money back and then they want to make sure that they make a profit on their money, which is all outlined they do to lend.

But if the property investor gets into a situation where they can’t make money then the hard money lender could be in jeopardy of not only not making money but also losing their invested money. And as a logical fact I can say that this is the hard money lender who is at the verge of jeopardy indeed.

This is what we do for property investors at Arizona Hard Money Lenders. We want to help them to be successful in deal while bearing the risk factors of investment. We want to help them make money because again hard money lender understands that if the property investors are making money they are making money.

Lets Team-up to play a game of wealth!

This is what I envision in the existing scenario of Private Money Loans Arizona

Weekend! I got the only chance on my weekends to visit the nearby park in evening. Seeing people at a public place with their own dear ones and enjoying and chatting around always provide me a sense of livelihood out of my professional and monotonous life routine.

While scrutinizing the park environment, I stopped unintentionally for a while and started observing a bunch of young passionate boys playing basketball in the court. Out of the world and so enthusiastic about their game, they were not at all bothering about delimited environment of the park. They were simply focused on their game and wanted to be at the top of everything.

I sat on a bench besides basketball court and started watching their game. All of a sudden a thought came in my mind! I think of dream team of basketball that had the most amazing players including Michael Jordans, Larry Birds, and John Stockings which I am partial to just because of jazz or my team as a side note but the dream team would have been made up of players that would have unique abilities. They are expert at their own positions and also have the knowledge what someone else could be best at. The most amazing part of a dream team is that the dream team knows how to play as a team by knowing when is the time to shoot the ball or when is time to pass the ball, which is something that is incredibly important when you are talking about a team.

As usual, my mind abstracted towards my own profession again at this point. Let’s take real estate investors, hard money lenders, property buyers and Hard Money Loans Arizona as a team. If everyone considers others as an important part of the team, then this team will play together tremendously to earn the wealth. How? Let me explain you the best attributes of the each player of the team.

Let me discuss first my own role in the team. Private money lenders have a pulse on the market. They know what is working and what is not working because private money lenders are foreclosing on properties, taking property back, looking deals on a daily basis and understanding what is happening in the market. Now if you as a real estate investor got a good private money lender they are going to be updating their website continually so you can just go to their website and look and see what’s happening in the market place. They will be updating their blogs and their policies. And you as a real estate investor can become a long-term team member with your private money lender in Arizona.

Secondly, you need to ask the private money lender hey! What is the maximum price I need to be looking for in an investment property if I want you to team-up with me? Yes! The second important part of the game, private money loans. I know at Arizona Private Money Loans the maximum price we are going to recommend is $250,000 and the reason is because that the market place where homes are moving. In other market places homes are moving as well always as fast or there aren’t as many buyers as there are in that market place under $250,000.

And now real estate investors – what they need to figure out about themselves is another important aspect of real estate investment. While considering their own experience of real estate domain, they also need to focus on the proper utilization of private money lenders and their provided loans. They need to see and adopt private money lenders’ approach in order to flourish the real estate investment business.

Real estate investors, hard money lenders and Arizona Private Money Loans should be in a mutually beneficial relationship while playing like a team to earn wealth in this era of recession.

Once more looking forward for your comments on such idea of playing like a team,

Have a nice time ahead!

Five Reasons! Why hard money lenders consider ‘single family houses’ the best investment

Let’s assess the prospects of hard money lending in the current scenario of Private Money Loans Arizona

One needs to be logical while discussing upon any investment scenario and so does anyone related to real estate investments. Today, I want everyone to read and then brood over these five very important reasons that why hard money lenders prefer to lend money for ‘Single Family Houses’.

• Manipulation of Risk Factors by diversifying the investments in multiple states

• Intense and constant Market Analysis for the real-time value of the asset

• Short-Term Loan allocation which consequently directed them towards faster recovery

• Long-Term Customers base for flourishing their business in wholesale level rather investing for retail

• Utilization of Loan on Renovation factor in order to play with the buyer’s psychology of New Houses which leading towards a faster reselling

At the time of providing Hard Money Loans to a real estate investor, hard money lenders find the best option is single family houses. This is to remember now that hard money lenders don’t investing in properties. They invest in loans. Hard money lenders have a pulse on the market place because they know what’s selling, what’s not selling and what’s being foreclosed on. They understand market places. They understand the techniques of their market competitors and they know what to get into and what to stay away from. I really saw so many hard money lenders that caught into the development craze which happened over couple of years ago and consequently they lost enormous amounts of money. Alas!

But when I make it out by observing my people, the best investment right now for a hard money lender is single family houses. In such investment the lender easily evaluate the value of the property as well as its renovation estimation in terms of wholesale project. He can have a faster recovery of his loan amount and among all he has the chance to diversify the risk factors. He can easily offer and convince the real estate investor that he will process the deal in a faster manner and would complete it in at a minimum of 10 days time. So hard money lenders are looking to prove financing for these types of investors; investors that are willing to purchase a property, fix the property up, resell that property for a profit and that is what hard money lenders are considering right now the best investment opportunity in the current market place.

Renovation plays a vital role in the entire process. Buyers love to buy a newer house in comparison with an old and out dated place to live in a life. So hard money lenders in the current scenario of Arizona Private Money Loans are finding that the best investment opportunity right now is single family houses and they are encouraging real estate investors to look towards purchasing single family house, fixing them up and reselling them for a profit.

And yes! Don’t forget to comment on reasons in this blog as I am waiting for your perspective tolerantly.