Apple Wood Private Hard Money Lender

Finding the right lender is your first step in starting your real estate investment portfolio. There are 100% loan-to-value (LTV) Hard Money Loans in Arizona —you just need to know where to look. It has been said that you have to have a ton of cash to get started in real estate. On the contrary, below are some options to get your deal funded without having to lay out massive cash amounts. If you are one of those people with money sitting in the bank and earning 2% interest and inflation at 3%, then the true value of your money is that you are losing 1% each year. If you want to keep up with inflation, high yield savings accounts cannot do the job. On the other hand, if you seek out An Arizona Hard Money Lenderor private lender, the interest rate is often going to be in the range of 12% to 15% for a Hard Money Loans in Arizona . To approach one of these lenders and acquire the funds you need to break into the real estate market, you will need to know how to approach them and present ...

Getting in on the fix and flip real estate model can be a very lucrative investment strategy. Knowing who to turn to and which Arizona Fix and Flip Loan is right for you is often the biggest hurdle to successful entry. If you are looking to change careers and seeking a healthy income, you may want to look at flipping houses as a business. According to reality TV shows on flipping houses, you don’t need an extensive education and it is relatively easy to do. In reality, it isn’t quite as easy as “reality” shows lead you to believe. Technical knowhow and proper planning are essential; however, one of the greatest roadblocks is obtaining funding for the project. Remember the old axiom, “It takes money to make money.” So, you have setup your company, created your business plan, and are left wondering how to get the money to start your project. One approach that is particularly helpful for first time fix-and-flippers is to ask friends and family for start-up money. You may also want to a...

The fix and flip investment strategy involves purchasing the ideal property that is ripe for renovation or a quick turnaround. There are several types of Arizona Fix and Flip Loans that can help make your dream a reality. The fix and flip real estate investment strategy involves purchasing property that is in need of either minor renovation or major construction. After improving the property, you then sell it for a profit. As simple as it sounds, there are many moving parts and areas that require a certain depth of knowledge. Let’s dig a little deeper. You purchase a property through an auction or a foreclosure or, lastly, a bank foreclosure sale. At that point, depending on the property, you may choose to sell it “as is.” A true fix and flip, however, involves improving the property first , adding value, and then selling it. Improving the property can range from small but important updates to the kitchen and bathrooms to a complete renovation of a home. A successful fix and flip in...

Bridge loans allow investors and developers the opportunity get their unrealized projects off the drawing board and into reality. These loans allow investors to take advantage of opportunities when funding is unavailable, for reasons of bad credit, speculative projects, or if the investment property is in poor condition or suffering due to low occupancy. Bridge financing acts as a bridge between a properties initial purchase and its eventual refinancing or resale. If a borrowers financial profile doesn't meet the bank's criteria, they'll face consistent denial. Loan officers might shudder at a project that seems particularly speculative, say demolishing a building to make way for a new development or if a property suffers under low occupancy or poor condition, in these cases conventional lenders are not going to risk getting involved. The Benefits of Bridge Loans really shine in situations like the following • Bad Credit : Say a developer took a hit on their last proje...

Many are enticed to get into the flipping business, either by reality television or the prospect of tidy profits. But few people just getting into the business have cash in their pocket to buy and remodel a house on their own, and most need financing. If you are new to the flipping business, learn why banks and every other financing method out there is less than ideal in the case of fix and flip loans . Someone new to the flipping business might leverage the equity in their home, refinancing their personal residence to embark on their first flipping project. Is putting your actual house on the line to flip another house a good idea? I'll leave that for you to decide. Another strategy is to take out a small conventional loan to purchase the house, and then take out an unsecured loan to cover the cost of remodeling. This strategy is basically like getting a credit card to pay for your flipping project, and paying bills with a credit card is never a sound financial strategy. So why...

Construction loans are a confusing issue, a Frankenstein of sorts among real estate financing, as they usually come in the form of two loans in one. The first covers the cost of construction while the other loan is a long-term, conventional-type mortgage. You risk less when you have refinancing built as part of your loan package. Let us call the ideal form of construction financing "short to perm." You have the option to get a loan that purely covers the cost of construction, but a short to perm loan with refinancing is better. Many articles on the internet cite vague, if not trivial benefits in the case of short to perm loans. Some of these benefits include you only need to pay closing costs once, which results in lower loan fees. Some talk up the fact that with refinancing built into your loan package your interest rate is locked in. These are all nice benefits when it comes to short to perm loans. But it's safe to say loan fees are a minor expense in the context of ...