My buddy Bill Walston and I are in Nashville today setting up for another Deal Maker Bootcamp this weekend. We love doing these small group events.
I have a guest post for you today while I'm gone on a favorite topic for real estate investors, and that is “funding your deals”. You can't have access to too much cash now can you?
Today's guest post is from Jeff Hensel of North Coast Financial. Let me know if you have any questions.
Hard Money Loans
Next time you need financing for real estate, walk into a bank and tell them you need a loan to purchase a property. Request same day loan approval and that funding is completed in 5-10 days as you need to close quickly in order to avoid missing out on the deal. Once the employees at the bank stop laughing, you can politely excuse yourself and leave. This same request made to a hard money lender would be dealt with in a completely different way.
After a quick overview of hard money loans, 6 big advantages for real estate investors using hard money will be explained.