October 10, 2014
In my opinion, hard money lenders are the easiest way to access funding. This is especially important for inexperienced investors. A hard money lender is a very easy route for investors. Why? Because they are in the business to loan YOU money! It’s how they make money. Beginner investors have a tendency to become obsessed with finding the cheapest “private” money. Meanwhile, there’s a hard money lender right up the road who is in business to loan you money! Sure, maybe his terms are not exactly what you want but remember. Don’t step over a dollar to save a dime! Hard money doesn’t necessarily have to be your only source for funding. But, it should take priority as the easiest way to get funding for your first flip.
In this educational video series, I show you how hard money loans work and where to find them. Not only should you locate and consider nationwide lenders, but more importantly, it’s advantageous to locate and build relationships with local lenders. Local lenders are easier to work with and they understand the market in your investment area.
I am in no-way a beginner investor as I’ve spent over a decade in the industry. But I still use hard money lenders for certain situations. Especially situations in which the purchase price is a little higher and I need guaranteed approval.
It’s nothing but beneficial for investors of any experience level to put some time aside every week to increase their real estate investing knowledge. After all, one will never know everything there is to know about hard money or real estate investing in general…but there’s nothing wrong with trying! I learn something new everyday and it’s why I have decided to share my lending knowledge with other real estate investors!
So, take a few minutes today and absorb all of the knowledge I share in this video series about hard money!
If you’re looking for a hard money lender in your area, feel free to visit my website at http://andrewcordle.com/lender where I’ve directed members of my Team to research, locate, and organize a state-by-state list for lenders in your area. Free of charge! It’s a great list to include in your lender arsenal! If you’re a hard money lender and would like to be added to our state-by-state lender list, send us an email at firstname.lastname@example.org and we’ll add you to our list.