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Understanding Hard Money Loans
by Daniel Mc Grey on Oct 20, 2009
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Understanding Hard Money Loans
Hard money is a staple term in the world of real estate investing. It is also a word that beginners in the business find hard to understand and a form of loan that keeps...
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Hard Money High Interest Explained
by Carrie Dawson
The interest rates given by hard money lenders are usually twicethat of traditional lenders such as banks. However, successful investors stillprefer using hard money over other forms of loans whenever they flip orwholesale houses. Why? Because a good investor looks at the rate of return, notthe interest rate. The logic behind this “creative financing”is that the profit in flipping housesshould be huge. For instance, if youwill earn a 50% rate of return from a deal, would it still matter if you pay backan 18% interest rate? For those who advise against this...
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