Timely real estate investment loans can make or break a prospective investment

by Sher Man Loan & Mortgage The number of foreclosures is on the rise since the recession of 2008. Bankers and lenders sell these properties at hefty discounts.  They are only interested in recouping their loan amount and have no inclination in holding the property.

Real estate investors are lured to the buy/fix/sell or buy/fix/rent strategy of foreclosed properties. One can buy the property at deeply discounted prices, fix it and flip it to gain “quick” money. But, there’s a catch here! Foreclosed properties mostly come with a “cash on sale” clause, as bankers or lenders do not want to be further burdened with additional loans or foreclosures. So, if you are one of them lured by foreclosed property investment, but do not have cash liquidity to acquire these “promising” properties, then what can you do? Simply give up an investment opportunity!

Is there no other way out?

Indeed, there are various financing options, and the most popular among them is hard money. To fulfill your ambition of foreclosed property investment, you can opt for private money, otherwise known as bridge money or hard money from private money lenders.

Private money lenders provide quick financing solutions to acquire, rehab, sell or hold real estate wholesale properties. And, the good news is that unlike conventional financiers, who take an average of 30-45 days to process a loan, private money lenders do so within a week or even 48 hours.

Foreclosed property investment is a hot favourite among real estate investors. These properties are sold on a first come first serve basis. Therefore, if you do not have your finances ready, you might lose out on a promising property.

Private money lenders give you the advantage of a timely finance. Timely real estate investment loans can make or break a winning real estate investment opportunity.

The first step you take is to check out the properties, and once you narrow down the properties to be acquired, you can approach the private money lender to fulfil your needs and requirements. The experienced loan officer then works out your loan amount in tandem with your investment goals and expectations. Private money lenders understand the value of time in foreclosed property investment. Sometimes, your loan is processed within 48 hours too! On the farthest side, the loan amount gets processed within a week.

So, your real estate investment journey can begin within a week after you decide to invest. When you opt for hard money loans, no investment opportunity can pass by unattended. For, the primary goal of private money lenders is to help you acquire and rehab distressed and foreclosed properties. 

Apart from providing rehab loans, private money lenders also extend other services in the form of refinance loans and purchase loans. You are bound to be satisfied with their expertise and experience in financing.

If you are interested in foreclosed property investment and have been backing out for lack of finance; it’s time to hold the hands of a private money lender and cash in on the golden opportunity.

The author has been writing the articles after the research of the market, how anyone can get the Real estate investment loans from a hard money lender.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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