Apple Wood Private Hard Money Lender

If you have tried to be approved by a bank, but keep getting denied—what can you do? Are you ready to get out there and crush it in the real estate game? The first thing you must do is be approved for the financing of your project. Your creditworthiness may be enough for financing, but it may not be—and even if it is, will you be approved for as much as you need? Regardless, there are ways you can get financing no matter your situation. First thing you need to know is not every bank is created equal. Banks have various lending programs. They will take your information and basically see what program they have that you may qualify for. The unfortunate part of this process is that it’s common to go through the pre approval process and then guess what? They will put a big, fat denial stamp on you. You may spend a lot of time bank hopping with hope in your heart only to get stamped with the big D once again. The next logical step is to visit a broker. A lending broker will look at your sit...

Colorado Private Money Lenders are an open book, answering questions and explaining the Colorado Hard Money Loan process so you can feel comfortable with your loan terms. Gone are the days of dodgy hard money lending. Today’s Colorado Private Money Lenders are up front with what they have to offer, the fees associated with using a Colorado Hard Money Loan, and why or why not it would be the right option for you. Colorado Private Money Lenders can fund investment opportunities based on different criteria than big banks can and because of that are a great way for people to get the money they need quickly. Here’s what you can expect, and should learn, from your Colorado private money lender prior to getting a loan. Interest in Your Investment Project Just as Colorado Private Money Lenders are going to be up front with you, you need to be up front with us. We have expectations in regards to your plans for your investment project and will ask questions in order to know if it’s the right...

Colorado Hard Money Loans aren’t just for investors, owner occupied Colorado Hard Money Loans are here to help people buy the house of their dreams! It’s common knowledge that Colorado Hard Money Loans are a great way for investors to get the funds for their investment projects. But did you know that owner occupied Colorado Hard Money Loans exist? It’s true! There are two types of owner occupied Colorado Hard Money Loans . First, it can be used to purchase a home if traditional lending isn’t an option. Second, it can be used for investment purposes. Here’s the run down! Owner Occupied Residential Properties We know that purchasing a home through a traditional lender means tough requirements that not everybody can meet. What an owner occupied Colorado Hard Money Loan will do is enable a buyer to make a purchase with less than desirable credit until they can secure permanent funding. Here are some reasons you may want to use an owner occupied Colorado Hard Money Loan for your primary...

Hard money loans and bank loans are the most common financing when it comes to real estate. But, what is the best loan for fix and flip projects ? Depending on how many properties you are working with at a particular time will navigate what type of financing is necessary. Initially, new investors go to banks for financing. Typically, they don’t look toward hard money or private money . If you are going to do this you will need to look for local portfolio lenders. These are local banks that lend their own money. These are not big banks such as Wells Fargo and Bank of America that will approve and lend on a mortgage, but later on will sell these mortgages. These are smaller, local banks that will keep the mortgage in-house. The benefits of these loans are the low interest rate. These rates run between 4% to 6.5% at any given time. However, there are major drawbacks to these small bank loans . Initially, you will be required to put more money down. Typically, an investor will be looking ...

Rentals aren’t going out of style anytime soon. As an investor, rental properties are a fantastic way to bring in income. A Colorado rental property loan can make that a reality! Denver is a hot spot for people who are looking to move to the mountains. Companies are buying up surrounding areas and bringing jobs, as well. All those people need places to live and renting is the way to go for some of them. If you’re an investor, or want to become an investor, here are some tips for using your Colorado rental property loan to its maximum potential! Know the Numbers A rookie mistake that some rental investors make is to overestimate the value of their property. You may think that listing the property for a higher rent value means more monthly income, but that could lead to vacancies and price reductions that could hurt your bottom line. You want to know the area and the rent potential for your property like the back of your hand in order to be successful. Understand Demographics Renters a...

People often associate hard money with being hard to get. However, the “hard” relates to the hard asset that is used to secure the loan. The hard asset that is used to secure the loan is used in place of the borrower’s credit score or income—this is what traditional lenders use to determine a borrower’s eligibility. It use to be that homeowners would use these loans when they were denied conventional financing—that is not as much the case anymore. Typically, real estate investors use hard money—they can use them to fix and flip a single family home and resell the distressed property, small commercial bridge loans and construction. WHEN TO USE AND NOT USE HARD MONEY A lot of investors don’t use hard money with their first deal—mainly because they aren’t well-informed about the process, but also if they have friends or family that will finance them, they usually choose that path. After seeing that they can only do one deal at a time using friend’s or family’s money—and wanting to ramp ...