Hard Money

November 18, 2022
insurance for property investors

Best types of insurance for property investors

Many things can go wrong for real estate investors, from unexpected natural calamities to careless tenants. Expenses incurred to restore a home to its pre-damage condition can quickly diminish a business’s revenues. However, with the proper insurance, you can be assured that your investments (and your bank account) will be safe. Remember that not all real estate investments are created equal, and your investment objectives will play a part in determining the kind of protection you require. An investor who intends to rent out a property, for instance, might require insurance to protect against nonpayment by tenants or a policy to replace lost rental income in the event of property damage. If you aim to flip the property, you don’t need to worry about this, but if you have people working on the renovations, you should consider getting workers’ compensation insurance. Your insurance should also consider the type of investment […]
August 17, 2022
hard money loans vs soft money

Hard Money Loans vs. Soft Money Loans Overview

There is a common misconception that hard money and soft money are defined by their liquidity, with hard money being cash on hand and soft money being paper assets. In reality, these terms refer to the purpose of the loan. Hard money loans are typically used for short-term financings, such as Bridge financing, which is used to fill the gap between the purchase of a new property and the sale of an existing one. Soft money loans, on the other hand, are usually used for long-term investment purposes, such as funding a real estate development project. While hard money loans tend to have higher interest rates, they can be easier to obtain than soft money loans. As a result, it is important to choose the right type of loan for your specific needs. Hard Money loans overview Some time ago hard money meant borrowing cash from a guy with a […]
June 15, 2022
hard money

5 Hard Money Loan Facts Every Borrower Needs To Know

If you are a real estate investor seeking a quick financial solution, here is a hard money loan.  However, there are things you need to know before getting it.  1. It’s a short-term loan A hard money loan may sound scary, but it’s not. It’s just a short-term loan that’s secured by real estate. Similarly, a hard money lender isn’t some scary guy you can only meet in the shadows. Not at all. A hard money lender is essentially just a private investor. A hard money lender could be an individual, a group of investors, or even a mortgage broker who uses his funds. What it isn’t is a bank using money from its depositors. Before going forward on a money loan like this, be aware that it’s a loan only meant for a short period. 2. It’s less hassle This is one of the main reasons borrowers opt for […]
Skip to content