Those that approach it as a business will certainly have the best chance of success and of course, make the most money along the way! What I want to give you today is a surefire real estate investing business plan that you can use to accomplish what you are looking to do.
HARD MONEY LENDING STRATEGIES By Gordon L. Gerson, Esq. Only one type loan transcends every time period in recorded history, every region of the world, and every economic cycle: The "hard money" loan. The non-institutional hard money commercial lending market has once again reincarnated itself. In some respects today’s private hard money loans.
Hard money lenders take a different approach: they lend based on collateral securing the loan, and they are less concerned about your ability to repay. If anything goes wrong and you can’t repay, hard money lenders plan to get their money back by taking the collateral and selling it.
Get A Hard Money Loan Here are common types of hard money loans: Equity Loans are Hard Money loanshome equity loans fund fairly quickly and are subordinate to an existing first mortgage. Bridge Loans are Hard money loansbridge loans are used by sellers who want to buy a new home before selling an existing home but need.Personal Hard Money Lenders RCN Capital – Nationwide, Direct Private Lender for Real. – RCN Capital® is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.
banks can lend them money with the government, reducing the banks’ risk. So, your business has to have hard assets it can pledge to back up a business loan. Banks look very carefully at these assets.
The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of property. This is known as the loan to value (LTV). Many hard money lenders will lend up to 65-75% of the current value of the property.
Usury (/ j u r i /) is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. Originally, usury meant interest of any kind. A loan may be considered usurious because of excessive or abusive interest rates or other factors. Historically, in some Christian societies, and in many Islamic societies even today, charging any interest at all would be.
Here is a sample micro lending business plan; A Sample micro lending business plan template. business Overview; Even in hard economic conditions, people and enterprises go for loans to be able to pay for the purchase of real estate and other transactions, which in turn make the lending business a recession-proof business.