Hazard and liability insurance coverage for a property is sometimes overlooked in private money transactions. However, it should be carefully considered in each transaction you engage in. Ensuring you are adequately insured for the appropriate amount when you need...
Accurately forecasting the Fed’s next move with our fiscal policy is impossible, but we can keep a watchful eye on public statements they put out for the general public. For example, following a speech by Janet Yellen and her colleagues at the Federal Reserve in...
As the United States continues to face a shortage in housing, many investors may wonder if we will ever get back to normal. The supply of homes fell in December 2021 to a record low, causing a rise in demand for housing. As a result, the price of homes skyrocketed....
Traditional bank loan criteria are extensive; however, hard money loan procedures are not. But why would someone choose a hard money loan over a conventional one? What are the prerequisites for a hard money loan? When buying a new house, many Americans use typical...
The quickest way to finance rehab projects for property is generally a hard money loan. These loans are typically accepted based on property value versus the buyer’s credentials. On the other hand, they are frequently more expensive compared to a traditional...
Appraisals for private money loan differ from regular assessments. Many investors have become accustomed to relying only on an appraiser to assess the loan value. Most bank transactions are like this because the loan officer or banker does not have the time or...
