Title | : | HOW HARD MONEY LOANS WORK |
Lasting | : | 13.03 |
Date of publication | : | |
Views | : | 122 rb |
|
Does the hard money lender pay the realtor fees? Comment from : Mendoza Raul |
|
you rey talk that shit i’m trying make a lot of money Comment from : TRIPLE3DBYDYLAN |
|
Great video! Amazing content, thank you and keep it up please! Comment from : Chris Chapin |
|
Wait I’m lost…What if you’re not trying to flip the house but instead trying to rent it out? When will I have to return the money? Especially if I’m in it for longevity? Comment from : Jaden Jackson |
|
I need some funds to buy a house Comment from : Jose Macias |
|
So Thank you for your information I was wondering if you wouldn't mind answering two questions Could a hard money lender take possession of my property other than if I were to default on payment? And why would lender ask me to put him on my home owners ins? REALLY APPRECIATE your helpI'm getting cold feet about the deal Comment from : Elle |
|
I'm looking for a 25000 loan on a property that is in South America I believe it would be a great Airbnb investment Does anyone know the best route to obtain a loan without going through conventional financing? Comment from : Chad Mckeighan |
|
But how much will gap investors interest be? Thank you for the video Comment from : Teodor Podaru |
|
Can you do a video on how to start a bank and investment bank Comment from : Gio Corpus |
|
Wouldnt you only make 30k from this deal in reality? Because you went in with 50k for reno made 100k from the deal minus the 13,750 at the end? Comment from : Zachary Lewis |
|
What protects the buyer from the lender giving away the deal to one of their buddy Comment from : HXME Tours |
|
Did you forget to deduct Commisions and Clossing costs? Comment from : Serge Caliz |
|
how do i find the cheap houses Comment from : Faf Dus |
|
Is a LOC the only option for the renovations, or can the renos be rolled in to the hard money loan itself? Comment from : Jenny Ingram |
|
I am a commercial lender with Lend Base we offer asset based loans to help you free up your collateral we do everything under the sun Fix & flips, land loans, farm loans, DSCR loans, equipment loans, bridge loans ,Hard-money anything that you need This was one of the best explanations of a hard money loan that I have heard! Keep up the good work 😊 Comment from : Whitney Broomfield |
|
Great content Thank you for breaking it down in extremely simple terms Comment from : Michael Rainer II |
|
Can you even do a flip in 6 months tho? Comment from : Jorge Pizarro |
|
Perfect Comment from : shaun gorham |
|
Can’t I take that 250K and buy other properties instead of the one I qualified for Comment from : Get clout or get nothing |
|
This was very informative Quick Question if you are needing the LOC do you just tell the Lender and is it a qualification process for the LOC for the Rehab? Comment from : Tracy Thompson |
|
Thanks bro Comment from : Matt Keese |
|
Great video, only problem I see is that you have in the example AUCTION property, please let me know which hard money lenders give loans for AUCTIONS and I will be first in line to get a deal done My experience is that no hard money lender gives money for AUCTIONS Please clarify Comment from : John Gonzalez |
|
What do you use to track payments from borrowers? so far I'm using excel sheets but wondering if there is an easier platform to make sure all money came in on a monthly basis Comment from : Ivi B |
|
You were all over the place Too many what ifs Stay on track Comment from : David Snelson |
|
Anything is better than dealing with pathetic regular Banks Comment from : Raybassman |
|
Meanwhile, I'm a Bahamian trying to learn this Comment from : TradeTheLingo |
|
Thanks for answering this topic Comment from : Intermountain Gold Refiners |
|
Perfect explanation… Comment from : D Conquest |
|
I'm trying to do a hard money loan in central FL How can I contact you? Comment from : gnicholsification |
|
Since second position for a hard money lender is very risky, why there are hard money lenders want to do 2nd position? Thank you Comment from : Sarah Wang |
|
So many examples of financing was left out Comment from : Miguelo Themelo |
|
great articulation!!! Comment from : anand paul |
|
You also have to include the commission you pay the realtor to sell your home and closing costs Comment from : Amelia Serrano |
|
3:04 where tf did you get the 400k selling figure?? Wouldn’t you get an appraisal before coming up with a random number to sell? Comment from : Lottyhanz Familyties |
|
Profit of 80k but you forget about agent commission and capital gain tax 80k turns to 40k real quick Comment from : baxter34576 |
|
So how about buying a 100k home needing complete rehab and needing a 60k repair and realtor saying it will sell for 240-260k about how much real profit can I make with a hard money loan Comment from : Life with Chicago |
|
im confused on where the 50k would be coming from would it make sense to apply for a grants/loan for that 50k? Comment from : nitro spark |
|
I'm a new hard money lender I've closed three deals and am looking for more property flippers My problem is that people don't know I'm here and I only want to work locally I want to be able to drive by the properties without it being a big deal to me My question, how do I find more people looking for money? Comment from : Mike John R |
|
Watching from Pakistan for Hard money investing company A digital marketer agency owner who's running Ads for them You couldn't have explained it better dude! Comment from : Zaid Khan |
|
I bought a condo as investment with hard money loan I am thinking to refinance with other banks for lower interest rate any suggestioN? Comment from : B M |
|
No your not making 80K cuz you gotta pay taxes on that Comment from : Elemental Welding |
|
Asides the paperwork and terms being on point Since this is your personal money, are you still claiming short term capital gains Dealing with taxes, even though your not running your hard money lending as an llc business Or are you? Thx Comment from : Kevin Smith |
|
I specialize in delivering fast and efficient loans for business startup and expansions
brApply now Comment from : Lucas Grant |
|
He didn’t make 80 profit when he put up his own $50,000 for rehab more like $30,000 profit Comment from : Derrick Johnson |
|
Why wouldn’t a house flipper just get a loan from a bank for lower interest rates? Comment from : Jadon Neuhoff |
|
Very straightforward and easy to digest! Thank you Comment from : R K |
|
What if property does not sell within 6 months, I am pretty sure there is a big fee or penalty the investor will have to absorb Comment from : El koke Raliuga |
|
ARVAfter "Repair" Valuebroskibrand transfer of funds always happens at Title No chance of skipping out to the Bahamas 😆 Comment from : ST77TX9 |
|
Is there anyway to do this type of video on a fix and flip properties because I am about to get into that business and you explain things so well ! Comment from : SpiT Yo Game |
|
It’s hard for my own put i forgot all my English and math i don’t go to collage Comment from : SilentEXE |
|
This was awesome br I just want to add that 80k profit - 50k put for rehab brWould leave a profit of 30k Correct?brbrWhat happens to the closing cost expenses? 🤔 Comment from : Cesar Martinez |
|
Do you have to have amount of reserves required plus the borrower funds in your bank at the time of closing ? Comment from : Marisa Monique |
|
Thank you so much ! Comment from : Marisa Monique |
|
I just received the confirmation for my loan approval and I can’t tell you how overwhelmed I am for your this great gesture This was a very crucial moment for me as my deadline for paying my college fees was approaching I am a scholar in college and I have high hopes for my future, thanks once again Comment from : Try ALEXANDER LIAM HACKS on Instagram |
|
Great video Tx Comment from : Cole Son |
|
Phenomenal explanation thank you Comment from : Yung Delirious |
|
Would you recommend this kind of loan to buy and hold a multi unit? Comment from : Jen Montgomery |
|
Can your do this example on a fix and flip? I just like the way you explain it Comment from : ArtisticallyAspiring |
|
thanks Comment from : LowkeySuccess |
|
What happens if you're not able to to sell it for a loss You still owe hard money lenders? Will it go on your credit? Comment from : Nabil |
|
I need a sample contract so I can start lending Comment from : Billy Gibbs |
|
Thank you Comment from : Bryan Miller |
|
So how much would be the monthly payment for 250k loan in 6 months? Comment from : CARLOS PEÑA |
|
can a hard money loan also include refinance cost Comment from : Skyler Hilton |
|
Wait, didn't the investor make 30k in that deal? Not 80k 50k was used for rehab of his own money Comment from : Lou V |
|
how to get proof of money from hard money lender to buy Hud home Comment from : Gina |
|
Where did the 50k come from? Comment from : WoodyTV/Southwest Texas Media |
|
What about commercial 13M for a profitable running business Comment from : Gemini M3 Gemini M3 |
|
What about if it is a pie and hold property? How does it work when you pay back the hard money lender? Comment from : edifymeblog |
|
What about closing costs when selling, seller finacing fees, real estate fees, etc thats -$25k from your $80k which leaves you at profit $55k Comment from : Fallen America |
|
You didn't subtract realtor fees when you sell Comment from : Bubala |
|
good vid Comment from : Loading Less |
|
You sir, you are a hero! Comment from : Cameron Dierking |
|
I will always talk about lavejam on telegram for changing my life for good he has never disappointed me ever since I met him Comment from : Khan richard |
|
If get a 6 month term hard money loan, but i finish the renovation in 4 months, do i have to pay 6 months of interest?? Comment from : Davidly04 |
|
it sounds that they are doing a 100 LTP (loan to price) but not a 100 LTV as the value is 350k? and therefore 71 LTV? Comment from : Henrik Johansson |
|
Excellent presentation! Comment from : PangitUnggoy |
|
Hi I would like to ask how did you get the 55 from the video could you provide some formula? Thank you! I really have trouble understanding it Comment from : Gerrickson Malto |
|
What if you own the home free and clear Is there a minimum to do a total reno? Comment from : Jermaine Davis |
|
Just watched the video was awesome but after the math is done wouldn’t the profit be 30,000 as you would’ve recover the 50,000 you put in for upgrades? Or am I missing something ,but either way it seems like a great way to make money Thank you bro for the information Comment from : josejka |
|
Great content! Comment from : Eloy Carrizales |
|
Can you do a video of getting a hard money loan against the equity in your home with no income verification and bad credit score Comment from : Tic Tac |
|
Do you lend in California? Comment from : Ruben Gaitan |
|
Overall, really good info But I do need to correct one of your statements The name Hard Money has nothing to do with it being expensive It’s called Hard Money because the loan is against a Hard (physical) Asset Hard Money lenders are asset based first and foremost Yes, most check credit to make sure that the individual is a good risk, but the hard asset is the most important thing in the loan The reason that Hard Money is expensive because it’s a considerably more risky loan than a traditional loan that a bank will do (most banks won’t lend on properties that need renovations/rehab - yes I know that some will) Most hard money loans are against property that needs work The reason it’s riskier is because as soon as the demo starts, the house becomes worth less It’s not worth what the loan is based on until the renovations are completebrbrOne other thing, you really should have gone into why Hard Money lenders typically stop at either 65 or 70 of ARV for their loans Your example of the $800K loan on a $1M property is never going to happen with a professional Hard Money lender An 80 LTV is to risky in asset based lending Comment from : Jeff Cichocki |
|
I figured it out in my head! hehe approx $$$ Comment from : rgalunas |
|
Great videobrHow did you get the 55 again? Comment from : Dennis |
|
Alex Becker Comment from : Joshua Hawkins |
|
This is a bunch of garbage Tell the truth, hard money lenders loan out 65 of the price unless it’s your rich uncle If they don’t know you, they won’t lend anything Please stop misleading people Comment from : Beast |
|
You couldn't have explained it any simpler, really appreciate the content bro You're going to be a top finance YouTuber in no time! Comment from : Richard Akcayli |
|
I'm actually looking into becoming an investor in hard money loans, it seems like good option to diversify one's portfolio Comment from : Dan Cesc Villon |
|
Like the required down for the loan you would provide? Very informative video Comment from : John Doe |
|
So for a 300k house how much would you charge ? Comment from : John Doe |
|
But how does the process work? Do hard money lenders need tax info or just require credit score only? Comment from : STFU ! |
|
briankzoll40@gmailcom brbrContact me please for a lone from you Thank you Comment from : Brian Zoll |
How Hard Money Loans Work in 2023! (Easy Beginners Guide To Hard Money Loans) РѕС‚ : Sean Pan Download Full Episodes | The Most Watched videos of all time |
How Hard Money Loans Work! Easy Guide To Hard Money Loans For New Investors! РѕС‚ : Sean Pan Download Full Episodes | The Most Watched videos of all time |
BEST Payday Loans UK - Easy Quick Approved Loans! - Business Payday Loans РѕС‚ : Business Snap Download Full Episodes | The Most Watched videos of all time |
Hard Money Loans vs. Soft Money Loans | When to Use Each РѕС‚ : BiggerPockets Download Full Episodes | The Most Watched videos of all time |
$35000 INSTANT CASH Loans For Bad Credit 2023 | Best 10 Low Income Unsecured Loans No Hard Inquiry РѕС‚ : 3WayFunding Download Full Episodes | The Most Watched videos of all time |
Hard Money Lenders San Diego | San Diego Hard Money Loans РѕС‚ : Hard Money Lenders San Diego Download Full Episodes | The Most Watched videos of all time |
BEST Hard Money Lenders For Real Estate | Hard Money Loans Explained РѕС‚ : Justin Colby Download Full Episodes | The Most Watched videos of all time |
Hard Money Loans St. Louis l 314-252-0299 l Hard Money Lender РѕС‚ : Hard Money Loans l Hard Money Lenders Download Full Episodes | The Most Watched videos of all time |
Wiz Khalifa - Work Hard Play Hard [Music Video] РѕС‚ : Wiz Khalifa Download Full Episodes | The Most Watched videos of all time |
Children who study dance hard, they all work hard and become beautiful dancers. РѕС‚ : SaSa Li Download Full Episodes | The Most Watched videos of all time |