Real Estate Investment Techniques, Tricks and Tips
Hard money is only one way to finance short term real estate investments. "Subject to" is out - gone, done. Oh you may still get a few done that way but FNMA has pulled the plug on that "gray area" investment technique - and yes, I will go head to head with ANY guru on that topic. They don't want it gone because they can't get you to come to their thousand dollar "bootcamps" or buy their hundred dollar DVDs.
Hard Money - Hard Facts
All the factual basics about hard money.
Little known fact: anyone can be a hard money lender. The problems are: not over-lending on the equity and getting clients.
Hard money definition - money that is lent against an item with a hard value such as gold, jewelry or real estate.
Hard money lenders are private lenders who make short term loans to others at high costs.
Hard money origination fees range from 2% to 8% or more (of the loan amount).
Hard money will generally loan 50% to 75% of the actual value of the item.
Hard money interest rates range from about 14% to 25%.
Hard money is generally interest only for 6 months more or less.
Hard money definition - money that is lent against an item with a hard value such as gold, jewelry or real estate.
Hard money lenders are private lenders who make short term loans to others at high costs.
Hard money origination fees range from 2% to 8% or more (of the loan amount).
Hard money will generally loan 50% to 75% of the actual value of the item.
Hard money interest rates range from about 14% to 25%.
Hard money is generally interest only for 6 months more or less.
by KenCook
My name is Ken Cook and I am a Senior Mortgage Lender at AmericaHomeKey, Inc. I have spent years in the mortgage finance industry serving as Director...
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