Pitbullmortgage School's Blog

Hard Money Seminar Info

pitbullmortgages — Wed, 14 Oct 2009 00:04:38 +0000

Hard money helps in real estate investing by making asset based capital available to investors.
The biggest benefit is the fast pace at which these hard money work. You may receive the amount in as little as three days after furnishing all required documents.
You can get hard money as loans against collateral security, for both residential as well as commercial purposes.
If we compare it with conventional mortgage then we will find that conventional mortgage takes about 4 to 6 weeks of time in processing.

Hard money lenders may seem difficult to locate. However, you just need to know the right places to look. Professionals such as accountants, attorneys, and insurance agents have often have clients who are hard money lenders or more generically, private lenders. Especially, if they think they could profit by your endeavors, these professionals often will be eager to refer a source.

Hard Money Networks

pitbullmortgages — Tue, 13 Oct 2009 23:20:27 +0000

This investment perspective comes straight from the rooms in banks that are filled with the proverbial bean counters known as underwriters that are making the lives of hard money lenders very easy and very profitable, Pitbull Mortgage School is dedicated to training interested persons in relation to the business of hard money. It’s clear that the banks are running out of money, good decisions and good excuses for denying loans to businesses, property investors, and individuals. It seems that we have reached the lunatic fringe in that even a person with AAA credit, great income, and a substantial net worth is not deemed as credit worthy.

Hard money lenders are usually private individuals who have access to large amounts of cash. The easiest way to locate them is to start making inquiries to accountants and attorneys who have a wealthy client base. Often you can locate people who have experience making private loans. Of course, these people are the easiest to do business with since they already understand the process.

Attorneys that handle real estate closings are a good resource, especially those who have clients with large estates or trusts with real estate holdings. Often, these people are happy to discover a relatively low risk investment that can give them a return of 10% or higher.

Hard Money Investors

pitbullmortgages — Tue, 13 Oct 2009 23:02:54 +0000

What makes my hard money unique?

If there is one problem with private investors it is that they are very difficult to find. I’m not talking about the institutional lenders that “say” they are private hard money lenders. But the real private hard money investors.

If you do a search on Google you’ll see tons of people claiming to be hard equity investors, but they are really just institutional banks looking to charge high rates to really good customers. And those sharks turn down more stuff than they approve, or the lend you so little money you can’t make the deal work.

Hard Money Financial

pitbullmortgages — Tue, 13 Oct 2009 22:55:09 +0000

No matter where you live, there are private money lenders who are willing to lend you the cash you need to complete your home improvement projects. Hard money loans are typically easier to come by than loans form financial institutions, even if you have a few negative marks on your credit.
If you are working towards making your basement more livable with the help of hard money loans, keep these things in mind as you start.
If we talk about the criterion to avail hard money real estate loans, you need to offer some important documents like bank statements, residential proof, age proof etc. It is advised to borrow up to a limit, which you require and can repay easily. Before taking up any such loan, consider your financial status well.

National Hard Money Association

pitbullmortgages — Wed, 12 Aug 2009 00:21:22 +0000

The National Hard Money Association (NHMA) works solely to foster the development of our industry and to serve our members and the public through networking and educational opportunities, communications, industry resources, partnership development, public relations, advocacy and ethical standards. The National Hard Money Association brings together hard money lenders, rediscount / warehouse lenders, individual note and mortgage pool investors, brokers, and providers of goods & services to facilitate operational improvements and successful growth. The National Hard Money Association Conference is coming soon.

Commercial Real Estate

pitbullmortgages — Thu, 14 May 2009 20:14:18 +0000

Financing sources for commercial real estate include mortgage banking firms, savings and loan institutions, regional banks, insurance companies, and private investors. Commercial real estate financing can take on very different terms, and the way deals are structured is based on a number of factors, including:

Anticipated use of the property.
Anticipated returns from the property.
Geography.
Type of real estate.
Size of real estate.
Perceived risk to lender.
Market conditions.

Each of these areas must be examined by the business owner prior to seeking commercial real estate financing. Business owners then need to examine the type of loans offered by lenders in accordance with their needs and anticipated growth. Unlike obtaining financing for residential real estate, where the transaction is based on the value of the home at the time of the sale, commercial real estate financing will be based — in part — on the value of the business in the future.

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pitbullmortgages — Thu, 14 May 2009 19:34:09 +0000

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