What are hard money loans and how can they help you purchase property?
by Jasmin Suknanan For most people, purchasing an investment property to rent or sell for a profit means first securing a loan. Most traditional mortgages stipulate that the owner occupy the purchased property, which closes off this avenue of funding for most would-be real estate investors. Enter the hard money loan. This type of loan … Continue reading What are hard money loans and how can they help you purchase property?
DRE Withdraws its Attack on Owner-Occupied Business Purpose Loans
Doss Law reports – DRE Withdraws its Attack on Owner-Occupied Business Purpose Loans (Financial Code Sections 4970 and 4995) September 9, 2019 Dennis H. Doss Christopher J. Donovan Doss Law, LLP is pleased to announce that on September 6, 2019, the California Department of Real Estate agreed to: A. Dismiss all charges, fines and audit expenses … Continue reading DRE Withdraws its Attack on Owner-Occupied Business Purpose Loans
Hard money vs. private money: what’s the difference?
If you are in the business of buying and selling real estate, you may already know the term “hard money”. But what is hard money, exactly? And what is the difference between hard money and private money and how does it apply to your situation?
Late on Mortgage Payments? How a Bridge Loan Can Help
If you own your home and are looking to sell the home you are in and purchase a new home, you may run into trouble if the timing doesn’t line up “just right”. It happens more often than not – you close on the second home before the one you are living in is sold. Suddenly, you are juggling two properties and two mortgages.
Everything You Need to Know About Bridge Loans
A bridge loan is a short-term loan taken out before a bigger and longer-lasting financing option is available; it may last for as short as 2 weeks and for as long as 2-3 years. These loans usually have higher rates than conventional loans, but they are easier to obtain and quicker to process. In most cases, bridge loans are taken out to secure time-conscious opportunities i.e. instances where there isn’t enough time to apply for—and get—long-term financing.
5 Things to Consider Before Taking a Fix and Flip Loan
While watching TV shows that showcase the act of fixing and flipping, the concept seems simple enough.Buy a run-down and dilapidated house for next to nothing, get contractors to fix it up, install tate-of-the-art fixtures, paint it in colorful shades, sell to the highest bidder and make a large profit. As with most things, however, real life and reality TV are not the same.
