Apple Wood Private Hard Money Lender

When it comes to financing your next flipping project, you may be wondering about the difference between equity "partnerships" and standard Arizona fix and flip loans . Before you set out on your next flipping project you need to know what the cost of financing will be. The cost of capital basically determines the profitability of your project. Loans imply fixed payments. With loans you calculate the cost of financing by adding up the loan fees and total interest payments, you then subtract this cost from your projected profits. The terms of a standard loan are spelled out in black and white, the only variable in this case is how long it will take for your rehabbed home to sell. Equity partnerships present more uncertainty. When it comes to equity partnerships, there is a lot of risk versus standard house flipping loans in Arizona In equity partnerships a specific amount of money is given for a particular percentage of ownership in the property. In this case, the investor rec...

There are many benefits to using hard money when you need house flipping loans . These nontraditional loans offer all of the flexibility and benefits that will make you profitable. Traditional loans are designed to be used by home buyers who are going to carry the mortgage for 15, 20 or even 30 years. But house flipping loans should never reach even a year if you are running your business correctly. You want to buy quickly, make the repairs and renovations and then get the house resold for a profit as quickly as possible. And asset-based lending or Arizona Hard Money Loans as they are also called can be the perfect loan for flippers. Arizona Hard Money Loans are very short-term loans. Many are for only a few months and because of their short-term, the rates are higher than a traditional loan. The rates range from a low of about 7% to as high as 15% or more if the lender is unsure of the deal. There are also additional fees that the borrower will pay such as closing costs and lender f...