Hard Money and Private Money Lenders used for Real Estate Purchases

Using Hard Money in Real Estate Transactions

Definition of a Hard Money Real Estate Loan:



A hard money real estate loan is a short-term loan that is used for the acquisition of both residential and commercial real estate. Also, this type of financing is used with land transaction. Currently, many investors use hard money loans to take down bank owned properties since once can act fast. Normally, a hard money lender will charge 1-3 points at closing. Then, interest rates can range from 15-21%. The term of the loan is typically 6 months or less until investor obtains conventional financing or flips the property to an end buyer.



Who Would Use a Hard Money Loan?



Hard money loans are ideal for investors who either need to take down a property quickly or cannot obtain conventional financing. This type of real estate is not taught at college or at real estate schools. The Real Estate and Beyond Network specializes in hard money loan strategies. Hard money lenders loan on the property itself and the character of the borrower.



Who Are Hard Money Lenders?



Many people connect hard money lenders with American gangster movies. Hard money lenders come from different sources. First, there are traditional hard money lenders that lender other people's money at a higher interest. Then, individuals can be their own hard money bank with the right type of documentation at title to secure their investment. I have been in transactions such as residential homes, multiplexes, commercial, land mobile home parks, hotels, Mexico transactions, and restaurant establishments when it comes to hard money business. Many people are starting to loan their money out at 18% compared to only 2-3% return with CDs or money markets.

What is the typical length of time for a hard money loan backed by real estate?



Personally, it has been my experience that hard money loans last between three to six months until investor obtains conventional financing or sells the property to an end buyer. The typical length of time on commercial deals ranges from two to three years. My goal is to ensure the buyer is in and out of the hard money loan as quickly as possible for the following reasons:

• Ensure conventional financing in place before lending guidelines change

• Turn the hard money as many times as possible for the lender

• Avoid late fees or higher payments for the investor

• Finance into conventional financing before property values drop to change the appraisal at underwriting

The hard money real estate loan lender will conduct a comparative market analysis to feel comfortable loaning the money out. The majority hard money lenders loan up to 65-70% loan to value with a 10-20% down payment plus hold first lien position on the property to protect their interest.

Definition of a Bridge Loan:

A bridge mortgage loan is a loan that bridges the gap between one home and another, without cashing out from the sale of the previous home or property.



Why Use a Bridge Loan?

A bridge mortgage loans is a way for a home buyer to secure financing costs when selling their current home to purchase another home. The bridge mortgage loan provides financing to buy another home before the proceeds of the property listed is sold so the funds become available to be used for the current home purchase and to secure conventional financing. One major risk to this whole equation if the other property does not sell within the expected time frame. Again, it is based upon the equity on one's home to make it successful for both sides.



If, after six months, the old property still is not sold, the borrower will begin making interest-only payments on the loan. The normal terms on this type of loan is one year. Many banks offer this type of service with buyers who have equity in their home and solid buyers with high credit scores at 720 and above.

Conclusion:

The Real Estate and Beyond Network is here to serve clients interested in investing in real estate and using the latest creative real estate techniques taught in many workshops offered at a cost or complimentary. We are the Application part of your team. We teach investors to find, fix, finance and fill property with a qualified tenant. We take the guess work out of investing in real estate. Hear the Real Estate and Beyond Radio Show each Saturday from 12-2 Phoenix Time on KKNT 960 AM. Please visit www.deliateam.com to view foreclosure homes or listen to past podcasts.



Harry F. D'Elia III

Real Estate and Beyond Network

CEO and Founder

www.DeliaTeam.com

You can find additional info at the following links:

Click Here for more information
Click Here for more information

Make Money Online - How to Make Extra Cash Online With Specialized Capabilities

If you might have a specific talent or virtual talent then it is possible to earn cash online how to make extra money. You will find thousands upon thousands of people who presently make several hundred extra bucks every single and every single month from doing incredibly basic technical tasks for other website homeowners. Listed here are a few ideas that you simply may desire to contemplate to make extra money online:

Interviews - Web sites are constantly searching for professional written information to add to their niche website. You may then sell these interviews to other internet websites for publication.

Graphics - Have you been great with graphics? You may make money by producing exciting Twitter or Myspace backgrounds and graphics. You will discover literally hundreds of thousands of websites which can be always in search of out these types of graphic workers.

It is possible to earn cash online how to make extra money if you merely commence searching for out people jobs which rely on capabilities that you may have already mastered or taught to yourself.

Straightforward Strategies To Earn Cash Online How To Make Extra Money Around The Internet

If you might have been seeking the best ways to make money online, you are just one with the quite a few that are scouring the internet for these golden opportunities. But not surprisingly, you will find indeed wonderful opportunities awaiting available for you online. By employing the right expertise and creating your personal tactics to outsmart competitors, you may indeed find a great opportunity to make extra cash online.

If you're seeking the best, listed here are a couple of details that you just may well desire to try to make extra cash online.

1. Online surveys. One in the easiest methods to make extra cash online is usually to answer online surveys.

2. Data entry/virtual assistant jobs. Yes, you may utilize for online jobs for instance data entry and virtual assistant jobs. You will discover a whole lot of these online but due to the fact they're rather straightforward jobs that everyone can apply, you will discover also a great deal of frauds that you have to stay absent from. The key to generating money on data entry and virtual assistant jobs is to make certain that you are on the suitable site and you are in a very legitimate job as well.

3. Sell products online. Should you still tend not to have ample merchandise to sell or it's too earlier for yourself to placed up your own online store, then you may start off by marketing some of your unneeded products on online auction sites like eBay. In fact, eBay is one with the most popular site where you'll be able to get the very best value of your respective item and earn extra at the same time.

4. make money via blogging. Blogs as of late are usually not just online journals but are also suggests to make extra cash online. Should you get good readership together with your blog, you can also make money from it in quite a few means. You'll be able to hose ads, you are able to promote items by means of your blogs, and it is possible to also question for donations particularly but if your blog is all about tutorials and providing informative tips for your readers.

5. Make money with the hobbies. Sure, you can also make money using your hobbies online. In case you love pets and animals, it is possible to place up an excellent site in which you may offer beneficial info how you can care for pets. In case you love handcrafting, you can also put up a tutorial website and sell your items in addition.

Without a doubt, there are many things that you can do to earn cash online how to make extra money. For as extended as you will be within a legitimate website, you may definitively make cash online.

How To Make Extra Money From Home For Free reviews, guide, tips and tricks. Choose what best fits to you criteria for Earn Cash Online How To Make Extra Money. It's all here and free!

How To Make Easy Money Fast in 60 Seconds !!

You can find additional info at the following links:

Click Here for more information
Click Here for more information

Can You Make Money Online Without a Website, Experience, Or Money?

If you have some time to invest, yes you can make money online without a website, experience, or money even... and I'm not just talking pocket changer here either. I'm talking a substantial online income!

I know that sounds impossible but thousands of folks just like you are doing it each and every day... and some are making quite a killing. Enough so that they can finally quit their nine to five and live comfortably and secure in the knowledge that they now control their own financial futures.

Actually, I am doing that right now and it feels really great. I started making money online without a fancy website or any experience at all... and I sure as heck didn't have any money to invest.

Didn't matter though, I still made money. I was lucky not to fall into some of the traps out there like so many other new marketers do.

I started with Affiliate Marketing, and know that is not some kind of pyramid scheme or network marketing mumbo jumbo. It simply means you sell other people's products for a cut of the sale.

You simply write informative articles, submit them to article directories and other sites in need of content, and in exchange they allow you to leave a link back to the product you're selling.

If you make a sale, you get a commission... it's really as simple as that. However, the trick is to find a great product, learn how to write the articles, and figure out the best way to drive traffic to a sales page.

You to can make money online without a website, experience or money out of your own pocket. In fact, there is a whole movement on the Internet that does just that... they call it the Bum Marketing Method because you can take a bum off the street, take him into a library with an Internet connection and have him making money in a few hours.

It assure you it can be done with a solid plan of action and, well, action!

I know how you might be feeling right now... no one goes online looking for ways to make money if they already have enough. I was exactly where you are right now, not so long ago. I know how confusing and frustrating it can be finding someone you can trust to teach you how to make money online. I'm that guy though, and it won't cost you a penny to check out my site... although it may likely be the most important thing you do all day. Please visit with me at http://www.4d-mmb.com to see what everyone is talking about!

Legitimate Ways To Make Money Online - Legitimate Ways To Make Extra Money

You can find additional info at the following links:

Click Here for more information
Click Here for more information

Legitimate Ways To Make Money Online - Legitimate Ways To Make Extra Money

You can find additional info at the following links:

Click Here for more information
Click Here for more information

Paid Surveys - Making Money With An Internet Referral Program

Many people avoid survey programs because they do not want to spend time taking paid surveys to make money. Some programs offer alternative to that.

One of the very best ways to make money with paid surveys is to use them as an Internet referral program to earn commissions. Here is what I mean by that.

Many times when people hear about paid survey opportunities they envision themselves filling out surveys to earn money. This can be time consuming and not even work out to that good of an hourly rate depending on the type of survey you take.

However the advantage to doing this is you control your income. You can take more surveys if you want to make more money.

Many survey opportunities also include reward programs where you earn points for prizes. This can be a lot of fun and a great way to win things that you might not otherwise go out and purchase for yourself.

There are survey programs that will pay you to refer new members. Some of them offer a referral fee for every new member you bring in.

Others will pay you when a new member you refer completes their first surveys. Obviously to make more money you need to refer as many members as you possibly can.

There are survey companies that will pay you a percentage of the surveys that your referral members complete on an ongoing basis. This can be a form of residual income that can pay off quite well in the future as the number of new personal referrals increase.

Some survey opportunities also include a two tier affiliate program. This means you also earn money on surveys completed by members referred by your personal referrals.

Your second level referrals can increase at a much faster rate than your personal referrals do. This alone can earn you a very good monthly income if you are willing to initially put in the hard work at first.

Some survey companies want you to purchase information from them. Many offer a membership site where you get access to information and training that you might not otherwise get.

These programs can be worth it, but you want to look closer at them before joining any. Obviously any survey membership site deserves to be rewarded for the work they have put in developing their membership program.

These are a few tips on making money and taking paid surveys. Finding programs that allow you to make money with their Internet referral program can be a very good way to make a lot more money than you might taking surveys personally yourself.