By Jim Davis, Editor of Scotsman Guide Residential Edition The housing bubble of 2008 ushered in a golden age for hard money and private money lenders. Conventional lending tightened due to worries about the economy while lawmakers in Congress and statehouses debated a host of regulatory changes. Opportunities opened for people willing [...]
Zoning codes are a set of rules that regulate what can and can't be done on a particular piece of property. They're established and enforced at the city level. In California, you can find zoning codes for virtually every city in the city's municipal code. RESIDENTIAL R1: One family dwelling RW1: One-family [...]
Originators who work with private money lenders need to understand how the money will be used By Jack Suddarth, president and founder, Equity Wave Lending Inc; and Jason E. Goldstein, Esq., attorney and shareholder, Buchalter APC Private money lenders predominately originate what are commonly referred to as business-purpose loans, usually secured by the value [...]
Most people think credit history is the most important factor when hard money direct lenders look at their application. An important concept in real estate, particularly when seeking mortgage approval, is the loan-to-value ratio or LTV. Lenders will assess this if you’re an investor and applying for a real estate loan. What Is Loan-to-Value? An [...]
Also known as a bridge, rehab, or hard money loan, a private money loan is a very specific type of financial instrument offered by private lenders. Since the money is lent on the basis of property equity instead of existing assets or credit score, borrowing hard money is often favored by property investors. As a [...]
As a small business, chances are you don’t have the funds needed in order to pay for all of your business expenses. When running a business, there’s no shortage of expenses. From payroll to rent, to marketing, to managing your inventory, there’s always something that needs to be purchased. One of the most important expenses [...]
What is a trust deed? A trust deed, also known as a deed of trust, is an agreement between a borrower and a lender to give a property to a neutral third party. The third party serves as the trustee and retains the property until the debt has been paid in full by the borrower. [...]
Real estate investors sometimes purchase homes, renovate them, and flip them. Significant profits can be made this way. By purchasing properties short term, investors can benefit others through fast closings, but how do they finance such transactions? There are various types of loans, including cash-out refinances and home equity lines of credit. A fast business [...]
It’s no easy feat to come up with a winning business formula. Whether you decide to invest in a particular type of real estate, manufacturer a specific product, or offer anything else that has value to the market, you have to work hard for each dollar you earn. Once you realize you are on the [...]
Rental properties can be a valuable investment, but many are quickly stumped by the prospect of financing. If you're thinking about purchasing a rental property but aren't sure where to get the money for it, you're in luck—you may be able to secure funding using other property as collateral. Square One: Funding Purchasing an investment [...]
