Get information about hard money lenders for your real estate projects.

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Check out the link below for more resources:
http://hardmoney.toufangle.com
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Do you have a hard time getting loans from rehab hard money lenders? Would you like to get
loans fast for your various fix and flip investments? If so, pay close attention here. You're about to
discover the exact methods you can use to filter out the right rehab hard money lenders from the
ones that won't help you with your investments...
In the past, there were actually two types of loans rehab hard money lenders where giving out to
investors like us. They used to provide loans for exclusively purchasing a property or for rehabbing
a particular property that you already have/own.
The lenders who gave loans to purchase the property assumed a primary ownership position in
the country records office for that particular property. On the other hand, the lenders who gave
money for rehabbing the property were given a secondary position. This turned out to be quite
risky for the lenders that give out loans for repairs of the property.
Whenever there was a foreclosure on the home, the person who has primary ownership of the
property got 100% of his money returned. But there was no guarantee of return for the lender
playing the secondary position on the property. This caused losses for plenty of lenders in the
industry and they had to shut down their business too soon.
That's why rehab hard money lenders these days fund only loans for purchase of the property or
provide funding for purchase of the properties as well as for the repair work involved.
Conventional lenders like banks and other financial institutions won't even give out loans to
properties that require repair work anymore because they have no guarantees. IF the property
required a lot of work, there's a chance that the buyer might walk away from the property and the
bank will be left to fix up the property and resell it.
It's a liability for the bank because banks aren't really into fixing properties and reselling them for
profit. Sure, they might do a few fix ups in order to get rid of the property. But still, there's no
guarantee of a return for them. They are money managers and not real estate managers. That's
the reason they don't give out loans to investors that are into fix and flip properties.
That's where private rehab hard money lenders come into play. These lenders are basically a
bunch of private investors who have their own decision making process and tend to have a strong
real estate background. These lenders give the following loans to investors:
- Loans for purchase of properties
- Loans for purchasing properties as well as loans for fixing them up

2. If you've made a decision to work with such rehab hard money lenders, you'll have to filter them
out in a careful manner. Not all lenders are the same. Some lenders will keep rejecting your rehab
loan no matter what. You'll have to stay clear from these lenders and work with the right lenders
that provide loans for properties that you work with.
Make sure that you ask your rehab hard money lender the following questions before you even
think of applying for a loan with them:
- Does the lender fund the purchase of the property as well as the rehab costs involved?
- When and how do they give you the money? Is it after you invest something of your own? If so,
what percentage?
- Are they going to inspect the property? If so, how and when?
- Are there any qualifications that they want the real estate investor to meet before they fund a
loan?
- How does the rehab draw process work?
- Do they have any credit score requirements?
These questions are extremely important. Make sure that you have answers to all these questions
from the rehab hard money lender before you work with them. Otherwise, you'll have a hard time
getting rehab loans for your properties.
Pay Close Attention Here -
There are some things about rehab loans that most real estate investors do not understand. If
you'd like to learn more about it and get a rehab loan for your property investment, visit the
following page - Rehab Hard Money Lenders
Article Source:
http://EzineArticles.com/?expert=Tyler_C_Anderson
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Check out the link below for more resources:
http://hardmoney.toufangle.com
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