Articles by Carrie Dawson on ArticleSnatch.com

Hard Money Financing: How To Find Hard Money The Easy Way

Wed, 13 Jan 2010 04:11:57 -0500

Hard money is a type of loan through which a borrower receives money through the value of a real estate. This kind of loan is mostly used by investors to finance their business such as flipping and rehabbing houses. Since banks and other lending institutions do not deal with hard money loans because of the high risks involved, it can be quite hard to find a hard money lender. Thorough research is needed when finding the right lender who will attend to your needs. Have as much options as you can. Compare rates with other lenders and choose the most reasonable and suited to your needs. It is important to look through the interest rates put by the lenders. Since the rates do not follow the standards of traditional lenders, it varies from lender to lender. Choose the best offer that fits you. However, you should always have other offers reserved because you might not know when your chosen lender might have unexpected demands. Be sure to have a backup plan when this happens. Estimate the value of your property. Hire a professional to do this for you. **End Summary** Topics: hard money loans]]> hard money lenders]]>]]> About the Author: ]]> For more Real Estate Learnings go to: RehabHardMoney.com You can also follow me on Twitter: REIwithCarrie

Increase Your Income With Flipping Houses - REIWired

Wed, 13 Jan 2010 00:55:41 -0500

Nowadays, almost every individual in the United States is looking for several other means to earn extra income. Raising a family can be made a lot easier if you have enough financial resources to sustain your needs. Real estate investing has proven to be a very lucrative business today. Flipping houses, for instance, has helped a lot of businessmen earn more and has given them the chance to raise their families a more comfortable living. In this article, we will share with you tips on how to succeed with flipping houses. 1. First of all, it is very important to keep in mind that if you are planning of flipping houses, you need to have a clear view as to what type of properties do you want to buy. There so many real estate investors who make big bucks by turning ugly properties in beautiful homes the same way that many also lose money because they make a mistake of buying the wrong home which does not turn into profit. 2. Study your market – The very first thing that you need to do is explore your market. **End Summary** Topics: flipping houses]]> real estate investing]]> reiwired.com]]> reiwir]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

REIWired: The Basics in Flipping Houses

Tue, 12 Jan 2010 23:35:34 -0500

Flipping houses is fairly simple. In fact, anybody can do it, even those who didn’t complete their college education. The secret to making it big in this business, meanwhile, is simply knowing what you do and taking advantage of the tools and opportunities that come your way. In the language of real estate investors, the term “flipping” refers to the process of buying properties with the intent to sell them for profit. Although some people believe that flipping houses is against the law, there is absolutely nothing wrong with purchasing an inexpensive house and then selling it at a higher price. This type of real estate investing becomes illegal only when you commit mortgage fraud to generate a bigger income. There are two common ways to flip properties. The first one is called multiple investor flipping. In this setting, a real estate investor buys a property at a discounted price and then sells it to another investor. The latter is then expected to sell the property again to another buyer, who will either use the house as his residence or make money from it. The second method is called fix and flip, which is also known as rehabbing houses. **End Summary** Topics: flipping houses]]> rehabbing]]> real estate investing]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

How Hard Money Works

Tue, 12 Jan 2010 03:29:24 -0500

Real estate investors turn to hard money loans when they need fast and easy cash. Got bad credit history? No problem, get a hard money loan. Need cash to finance repairs and rehabs on your property? Your local hard money lender can give you what you need. It’s as easy as that. Usually, investors turn to hard money loans when traditional lenders turn their backs on them. An investor’s project may not be one that traditional lenders approve of, so they go for hard money loans. All you need is a good deal and you will get the money. How much is the loan?Since hard money loan is based on the value of a property as collateral, a borrower’s income or credit history will not affect the loan. In addition, the amount of the loan is at 60%-70% of the After-Repair Value (ARV) of the property. The ARV is the value once necessary repairs have been made on the property. Why fast cash?Hard money loan is considered to be fast cash because transaction takes only a short period of time. Usually, borrowers go through a lot of processes to get their loan approved. **End Summary** Topics: hard money lenders]]> hard money loans]]> private money]]>]]> About the Author: ]]> For more Real Estate Learnings go to: RehabHardMoney.com You can also follow me on Twitter: REIwithCarrie

Hard Money Loans Will Not Make You Wait

Tue, 12 Jan 2010 03:16:25 -0500

I admire those people who have the patience to wait. Especially in cases which you desperately need money and still, you have to fall in line, wait and once you get to the person-in-charge, he says you have to wait, again – for three months. During these three excruciating months, you struggle to keep your business alive or maybe your house. In times like these, hard money loan may just be the remedy to your financial dilemma.Hard money loans can greatly help real estate investors, especially those who are just entering the business. This loan can be considered as an “access to capital” since the loan itself can cover the whole financing for the repairs on the property. One of the many advantages of hard money loans is that the process is much easier and faster. Hard money lenders close a transaction much faster than traditional loans. If a traditional loan takes months to be approved, a hard money loan only takes weeks, sometimes even days. Hard money lenders do not focus on the borrower’s credit history and income when considering the loan. **End Summary** Topics: hard money lenders]]> hard money loan]]> real estate investing]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

REIWired: Step Up Your Real Estate Education with REIWired.com

Tue, 12 Jan 2010 02:59:10 -0500

Do you want to take your real estate investing career to the next level? If you are, then you will need all the tools you can get to give your business a great boost.Fortunately, REIwired.com has the resources you will need to become the best in the housing business. Boasting of a huge database of informative videos, articles, and audio files, the website is indeed the perfect partner for those who want to learn more about investing in real estate. By signing up for the website’s training program, you don’t have to spend long hours surfing the Internet to find the right information about investing in real estate. As we all know, the World Wide Web is filled with countless data, both useful and necessary, and sifting through pointless information can take some time. But thanks to REIWired, you don’t have to endure such agony because all the information and data you need are located in one place.You can also save a lot of money because you don’t have to buy instructional CDs, DVDs, and written manuals on investing in real estate. **End Summary** Topics: flipping houses]]> investing in real estate]]> reiwired]]> ]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

REIWired: Real Estate Investing: How Do You Break In?

Tue, 12 Jan 2010 02:37:49 -0500

Almost every individual in the country today is in search of several other ways to increase their income. Regular jobs are no longer enough to sustain the needs of the entire family. Given this, many are very eager to find other ways of increasing their income. In this article, REIWired.com shares with us ideas on how to succeed in real estate. Real estate has proved to be very profitable even during the hard times. Many want to find out how they could break in the industry and hopefully make good money. So how do you even break in? We have compiled some of the useful tips from REIWired.com to help you get started:1. Ask around. The best way to learn is immerse yourself in the industry. While yes, you will find a lot of valuable information online, learning through first-hand experience will make it a lot easier for you. Talk to investors in town. Observe and ask for tips. You also need to learn how to read the market. Know what the general market wants. How much are they willing to pay? Which areas are good spots for investment? Make sure to consider all these factors. 2. **End Summary** Topics: flipping houses]]> investing in real estate]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

Rehab-Real-Estate: Fast And Easy? Go Private Money

Tue, 12 Jan 2010 02:19:29 -0500

Seasoned real estate investors recommend using private money when financing projects. And they have a lot of reasons for doing so. Here are some facts you need to know about private money, which is known in the real estate investing world as hard money.Private money financing is popular among real estate investors because it is fast. Lenders know the urgency involved in real estate invetsing. They know the competition is tough and that if you need funding, you need it fast. They understand this and this is how they operate. Despite higher risks, hard money lenders approve or reject loans in just days. They even extend credit to those who have poor credit scores. Their way of assessing applications enables them to release loans in just days.Lenders in this kind of financing will hardly care how muchyou earn from your office job, in case you have one. Unlike banks, they do not evaluate borrowers based on credit scores or credit reports. What lenders care about is the deal you plan to close using their money. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: Rehab-Real-Estate.com You can also follow me on Twitter: REIwithCarrie

Rehab-Real-Estate: Asking Hard Money Lenders for Help

Tue, 12 Jan 2010 01:52:02 -0500

If you are a new real estate investor who is having trouble acquiring investment properties, there is one solution to your problem: to secure financing. Nowadays, obtaining funds to buy real estate is relatively easy. You can either apply for traditional bank loans or ask hard money lenders for help.Compared to institutionalized financers, such as banks, credit unions, and mortgage companies,hard money lenders are easier to deal with. You don’t have to wait at long queues just to file a loan application with them. You also don’t have to act like you’re about to hyperventilate when in front of them. And most of all, these private lenders are investor-friendly, unlike their traditional counterparts.Lenders of hard money are usually private individuals that have a huge amount of ready money on hand and are willing to finance the purchase of investment properties. There are also small lending companies that provide hard money loans for cash-strapped real estate investors and small-time entrepreneurs. The loans provided by hard money lenders are asset-based. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: Rehab-Real-Estate.com You can also follow me on Twitter: REIwithCarrie

Hard Money Financing: Making Real Estate Investing Easier

Fri, 08 Jan 2010 04:26:00 -0500

Real estate investing has never been this easy with hard money loans. Investors who are about to enter the business have higher hopes to get started on their venture even without much capital.Hard money loan is an investor’s access to capital. Hard money loan is a type of loan wherein a borrower receives financing which is based from the value of a property. A hard money lender bases the amount of a loan on the worth of the borrower’s property. In obtaining a hard money loan, you’ll be surprised that your credit history will not have much effect on the loan. Hard money lender does not focus on a borrower’s financial capabilities and history so credit record will not affect the loan that much. The loan is based on the value of a hard asset, a real estate property, and credit score is not that important. Most investors obtain this king of loan because of this advantage.If you’re the type who gets bored of waiting, hard money loan is for you. Unlike conventional loans that take several months to be approved, hard money loan will not make you wait that long. **End Summary** Topics: hard money lenders]]> hard money loans]]> real estate]]>]]> About the Author: ]]> For more Real Estate Learnings go to: RehabHardMoney.com You can also follow me on Twitter: REIwithCarrie

Rehab-Real-Estate: Tips on Borrowing From Hard Money Lenders

Fri, 08 Jan 2010 04:13:08 -0500

House rehabbers often seek funding from hard money lenders to finance their deals. Also known as private lenders, these financiers make sure that you can proceeed with your real estate investing deal even if you are short in personal money. Here are some things you must know if you plan to tap this kind of financing. Always go for the good deals. If you doubt that you will make a lot of money from a particular rehabbing project, let go of it. There are scores of cheap homes you can buy and rehab out there. This is important because that property will be your collateral when you seek hard money loans. If lenders see the potential of the property you want to flip, then your loan application is likely to be approved. But if they feel that you will not profit from it, they will reject your application. The amount you will get will depend on the ARV, or after repair value of the property. This is the value of the property after you rehab it. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: Rehab-Real-Estate.com You can also follow me on Twitter: REIwithCarrie

Rehab-Real-Estate: Reasons Why Investors Need Hard Money Lenders

Fri, 08 Jan 2010 04:00:49 -0500

Having a hard money lender in your team can definitely improve your chances of succeeding in the real estate investing business. Because you have sufficient cash flow, you will be able to buy the property of your choice. It would also be much easier for you to act quickly in case a good deal pops out. And most of all, having a lender of hard money by your side allows you to easily obtain prequalification letters, which can improve your credibility as an investor when making offers.There are many reasons why most real estate investors turn to hard money lenders for help. One of these reasons is that these private lenders are not interested with the borrower’s credit history or financial status. A real estate investor can still borrow money from these non-traditional financers without having to worry about their poor credit scores. You might be wondering why these lenders are willing to risk their money on borrowers who were probably turned down by banks and other lending institutions. Basically, hard money loans are asset-based. It means that the value of a property, for which the loan is being made, has precedence over a borrower’s credit score. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: Rehab-Real-Estate.com You can also follow me on Twitter: REIwithCarrie

REIWired: Women Make Use Of Creative Ideas To Make Good Money In Real Estate

Thu, 07 Jan 2010 23:46:21 -0500

Many women are looking for creative yet profitable ways to generate income. Gone are the days when they just sit on the other side of the table waiting for their husbands to feed them with what they need. In this article, REIWired.com will share with us a wide range of strategies, which women can use before they finally set their foot into the real estate industry. REIWired says that because of the credit crunch which is severely experienced across the country, a lot of women who want to get into the real estate industry are thinking twice whether they will follow their instincts and take on the challenge. Generally, these women are nervous about losing money specifically about not having financial capital to start with. The common notion among women is that they need a lot of start up capital to jumpstart their business. Others who suffer from a bad credit think that they cannot get started without big money on hand. Generally, it is true that real estate investors need a small amount to get things started. **End Summary** Topics: flipping houses]]> investing in real estate]]> real estate educa]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

REIWired.com: Turning Mirrors into Windows

Thu, 07 Jan 2010 23:27:50 -0500

Doing something without knowing anything is the shortest road to ruin. If you don’t know how to drive a car, you won’t get anywhere, or worse, you might injure yourself or other people. The same thing can be true for real estate investing. If you buy investment properties without knowing what you should do with them, you are bound to fail over and over again. According to Sydney J. Harris, a popular American journalist, the whole purpose of education is to turn mirrors into windows. By educating yourself with the nuts and bolts of investing in real estate, you can turn obstacles into opportunities, as well as boost your chance of succeeding in the housing market no matter what the current economic condition is.If you are seeking to boost your knowledge on real estate investing, you might want to consider logging on to REIWired.com. Priding itself as the “largest wired network of real estate investors in the planet,” the website is home to valuable learning resources that would surely delight those who want to do better at their chosen career.With REIWired’s training program, you don’t have to buy CDs, DVDs, and other learning materials. **End Summary** Topics: investing in real estate]]> real estate investing]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

Hard Money Financing: Get Hard Money Loan for Fast and Easy Cash

Thu, 07 Jan 2010 01:22:19 -0500

If you’re an investor who’s been denied a bunch of times by lending institutions because of your credit history, then hard money loan is for you. When you badly need money in such short notice, hard money is your refuge. Every real estate investor needs financing for his or her real estate investments. Not having enough funds can be one of the biggest mistakes an investor can make. Investors who need financing for their flipping, rehabbing, and wholesaling business can get it through hard money loans. Hard money loan is an asset-based loan secured by a collateral. This collateral in most cases is a parcel of real estate. Unlike traditional lending institutions, hard money lenders do not focus on the borrower but on the deal itself. A borrower’s credit history will do little or no effect on the loan. The amount of the loan is determined by the value of the property or deal. So if the deal is good, you’ll get the loan easily. Fast and easy money is now within your reach. Hard money loan is a loan that can fulfill an investor’s dream to be successful in real estate investing. **End Summary** Topics: hard money lenders]]> hard money loans]]> rehabhardmoney.com]]>]]> About the Author: ]]> For more Real Estate Learnings go to: RehabHardMoney.com You can also follow me on Twitter: REIwithCarrie

Rehab-Real-Estate: Seeking the Assistance of Hard Money Lenders

Thu, 07 Jan 2010 01:10:09 -0500

Securing financing is an important aspect of real estate investing. It allows investors to obtain quality investment properties even if they don’t have a huge amount of ready money on hand. In addition, it enables them to have confidence when making offers to motivated home sellers. One good way to obtain funds for your real estate investing business is by seeking the assistance of hard money lenders. Being friends with lenders of hard money loans can be beneficial for a real estate investor because these private financers can provide perks that most conventional and traditional lenders can’t give. The funds provided by these lenders are called hard money loans. Such a loan is a type of asset-based financing in which a mortgage’s eligibility is verified by assessing the after repair value of a property that is being offered as collateral. If the property, for which the loan is being made, has the potential to fetch a great price, hard money lenders will provide the money that an investor needs. Compared to traditional lenders that include banks and mortgage companies, negotiating with lenders of hard money is a walk in the park. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: Rehab-Real-Estate.com You can also follow me on Twitter: REIwithCarrie

Rehab-Real-Estate: Hard Money Lenders and Creative Financing

Thu, 07 Jan 2010 00:51:17 -0500

Experts say that one needs to be creative when rehabbing houses. They believe that to be able to maximize your budget for repairs, you must use your imagination and make repairs that will cost less but will raise the property’s value big time. But what will you do if you don’t even have a budget to maximize? Hard money lenders say, “Be creative!” In case you found a good and cheap property that you can rehab but don’t have the finances for it, you can turn to creative financing. These are loans that are not given by traditional lenders like banks. There are many kinds of creative financing that cater specifically to real estate investments like rehabbing houses. One of these is hard money financing. Investors consider hard money financing as an ideal way to proceed with projects when money is scarce. Hard money lenders are not that hard to convince when it comes to processing loans. Unlike traditional lenders, they only needs days to process and release the financing you need. Much of this has to do with the urgency when rehabbing houses. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: Rehab-Real-Estate.com You can also follow me on Twitter: REIwithCarrie

REIWired: 10 Things To Keep In Mind When Investing In Real Estate

Thu, 07 Jan 2010 00:32:15 -0500

Yes, real estate may prove to be a very lucrative business to many people but how do you know if it is right for you? In this article, REIWired.com will share with you tips on how to invest wisely in the industry. Now, you may go ahead and evaluate whether or not real estate investing is indeed for you. 1. Know your tenants – It is very important that you know where they are coming from. You should also collect all security deposits necessary before closing the deals. 2. Assess the tax situation – One of the most important elements of real estate is the taxes. Before you start with your business, it is very important that you study tax situations very carefully. Find out how it can be calculated to your advantage. 3. Know the insurance coverage – If the coverage depends on the lower replacement value and not the current, your insurance cost can increase when you pay a higher purchase price. 4. Validate all efficacy costs – Ask help from your local utilities to verify your utility expenses. This will confirm if any of these costs were indeed in your tenant’s rent. 5. **End Summary** Topics: investing in real estate]]> real estate education]]> reiwired]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

REIWired: Finding the Best Real Estate Education

Thu, 07 Jan 2010 00:16:54 -0500

Although many people consider investing in real estate amid the economic downturn as taboo, market analysts and experts believe that now is the best time to buy investment properties. According to them, the people shouldn’t miss the opportunity to become real estate investors as home prices nowadays are very low, enabling them to buy as many investment properties as they want without spending a fortune. And once the economy picks up, entrepreneurs who chose to try real estate investing will get big rewards. They are likely to receive big capital gains as prices of investment properties are expected to go up. There is a big probability that these real estate investors will be able to get double the money they spent on buying investment properties or more. If you are planning to become a real estate investor, then you should better head over to REIWired.com to get a proper education about investing in real estate. The website contains numerous learning tools that an aspiring investor can use to broaden his knowledge and skills. Aside from catering to the needs of beginners, REIWired is also dedicated to helping experienced real estate investors learn advanced strategies on real estate investing. **End Summary** Topics: flipping houses]]> investing in real estate]]> reiwired]]> rei]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

Hard Money Financing: The Truth about Hard Money Loans

Wed, 06 Jan 2010 04:29:52 -0500

Real estate investing has made a significant impact on the lives of many people. It has helped many investors fulfill their dreams of climbing the career ladder. It has also given others the opportunity to provide the best for their families. So if you are one of those people who want to achieve all these things, then engaging in real estate investing is the perfect career path for you. Being a real estate investor, one of the most important things you should do is to find good financing. Financing enables you to purchase investment properties, which are prime ingredients to your means of living. Without it, you won’t be able to buy a house that you want to flip or rehab. But what if you have a bad credit history and banks and other traditional lenders won’t approve your loan? Should you stop being an investor? No, you shouldn’t. Such a scenario mustn’t discourage you from being involved in real estate investing because there is another way to secure funds for your business. A hard money loan is the perfect alternative for those people who want to secure funds in a short time. **End Summary** Topics: commercial hard money loans]]> hard money lenders]]> hard money]]>]]> About the Author: ]]> For more Real Estate Learnings go to: RehabHardMoney.com You can also follow me on Twitter: REIwithCarrie

Rehab-Real-Estate: The Basics of Borrowing from Hard Money Lenders

Wed, 06 Jan 2010 04:09:09 -0500

Hard money lenders have always been the reprieve of real estate investors who want to close a deal but are short of funds. Sometimes, investors still use this kind of financing even they already have money. Before you call those investors crazy, read on about hard money lenders. Here some of the basics that you should know about them. They are easier to convince compared to banks and traditional lenders. People have called hard money financing “easy access to credit” and why not. Because hard money lenders, who are also known as private lenders, usually work on their own, you won’t have to convince a lot of people to get your loan approved. If the lender says yes to you, then that’s it; No more approval of other personnel and office superiors. Conventional lenders usually need the nod from a certain number of personnel before they release loans. One reason why private lenders do not take long in processing loan applications is because they use a different system when evaluating borrowers. If traditional lenders look at your creditworthiness based on you credit score, private lenders care about the deal you are presenting. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]> rei]]>]]> About the Author: ]]> For more Real Estate Learnings go to: Rehab-Real-Estate.com You can also follow me on Twitter: REIwithCarrie

Hard Money Lenders: Getting to Know Them - Rehab-Real-Estate

Wed, 06 Jan 2010 03:56:06 -0500

Seeking the assistance of hard money lenders is the perfect move for real estate investors who are having trouble acquiring funds for their investment properties. Because these private lenders can provide quick cash for their clients, an investor can easily receive the money he wants to borrow in just a short time. Rehab-Real-Estate.com | Hard Money Lenders: Getting to Know Them Despite their negative sounding name, hard money lenders are easier to deal with compared to traditional lenders such as banks, credit unions, and mortgage companies. Because they give importance to the after repair value, or ARV, of a collateralized property over a borrower’s credit history when studying a loan application, an investor can still secure financing from them despite having a low credit score. When it comes to obtaining funds from these non-traditional lenders, you don’t have to wait for weeks or months just to find out the results of your loan application. You can get the money you need in just a number of days. And unlike when transacting with bank and other lending companies, you don’t have to deal with a processing team because all you need is the approval of just one person. **End Summary** Topics: fix and flip]]> flipping houses]]> property investment]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

REIWired.com: Educating Real Estate Investors

Wed, 06 Jan 2010 03:37:57 -0500

Being a real estate investor is probably one of the best ways to earn money despite the ongoing financial crisis. Because of the low real estate prices, it would be easier for them to acquire investment properties without paying a fortune. And when the economy picks up, they are likely to reap huge rewards as the market value of real estate properties across the country is expected to rise. If you want to make huge money amid these trying times, you might want to consider investing in real estate. But before you become a real estate investor, however, you need to have a background on real estate investing. Fortunately, REIWired.com is the perfect partner for those are seeking to join the housing industry. Priding itself as the “largest wired network of real estate investors in the planet,” REIWired is establishing itself as the prime source of quality real estate education in the country today. So if you want to learn how to start your real estate investing business on the right track, you should consider signing up for the website’s training program as soon as you can. **End Summary** Topics: flipping houses]]> investing in real estate]]> real estate]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie

Hard Money Financing: The Advantages of Borrowing from Hard Money Lenders

Tue, 05 Jan 2010 04:11:28 -0500

One of the key ingredients of succeeding in real estate investing is securing good financing. Having a good source of funds is important in this business for it can help you obtain great investment properties, which could bring you a lot of opportunities. And for a real estate investor, one way to secure financing is to acquire the services of lenders of hard money loans. A hard money loan, or HML, is a form of asset-based financing wherein the lender approves the loan based on the after repair value, or ARV, of the property that serves as collateral. Unlike in traditional financing, the lender doesn’t rely on a borrower’s credit history just to approve the loan. As long as the property in question has a good potential, the hard money lender will release the needed funds. According to experts, HMLs are the perfect loans for buying investment properties. Because lenders of HMLs do not care about a borrower’s credit score, an investor can still obtain loans for his business even after being rejected by banks and other traditional financers. In addition, a borrower doesn’t have to wait for weeks or months just to have his loan application approved. **End Summary** Topics: commercial hard money loans]]> hard money lenders]]> hard money]]>]]> About the Author: ]]> For more Real Estate Learnings go to: RehabHardMoney.com You can also follow me on Twitter: REIwithCarrie

REIWired.com: Making Wholesaling Houses Easier

Tue, 05 Jan 2010 03:58:51 -0500

You have probably heard the term “wholesaling” a hundred times but did you know that it is one of the quickest and easiest ways to make money in the real estate business? Yup, you heard it right. This particular type of real estate investing allows many people to live the life they have always wanted. In addition, wholesaling houses is so easy that you don’t need a Ph.D. to earn millions of dollars. REIWired.com defines wholesaling homes as the process of placing properties under contract and then selling that contract to an end buyer. According to veteran real estate investors, being a wholesaler is ideal for beginners since they can earn a considerable amount of money without maximum risks. One of the main tasks of a wholesaler is to find a steady source of properties. To do this, you can build good relations with motivated home sellers. Motivated home sellers are some of the best sources of investment properties because they are willing to have their homes placed under contract as long as you can help them find buyers for their houses quickly. There is a great deal of marketing involved in the business of wholesaling houses. **End Summary** Topics: flipping houses]]> investing in real estate]]> real estate]]>]]> About the Author: ]]> For more Real Estate Learnings go to: REIWired.com You can also follow me on Twitter: REIwithCarrie