Hard Money Lenders – Investing in Single Family Properties
Category : Hard Money Loans , Home Loan , Real Estate Loans
I have found many real estate investors who find it very difficult to get financing from hard money lenders who will lend them money easily.
This is because many investors want to invest in properties which are quite economical and needs hard money loans under $30-50,000. But the problem here is that most of the lenders are not interested in doing loans for smaller properties.
They believe that these kinds of properties aren’t exciting enough. Sometimes, they also don’t want to do loans of $100,000.
But Do Hard Money is one of those hard money lenders, who don’t mind lending loans less than 40 or 100,000 dollars. We do not have any minimum as far as the loans make sense and you are able to pay fees for that.
So, if you’ve been struggling with investment opportunities and seeing opportunities around you, come talk to us. We would be happy to work with you. We would be happy to do the loans. No minimums or whatsoever and that can enable you to do those types of properties.
That’s why, if you have an investment opportunity around you, which you think would be good enough after drawing all the comparables and doing all the calculations, then you can come to us straightaway because we don’t have any minimums. This could be a great help for those who want to invest in small properties.
Personally, I think that those properties are fantastic. I think they are great way to start in real estate investing or they are even a great way to do lots of properties.
According to me, these properties are the best if you are just starting with real estate investing business. It is also good for those who are interested in working on single family homes because they could be rehabbed easily as compared to the commercial properties.
One of my friends is from Mississippi who only deals with small and cheap homes. He generally buys a property, which is between $30-50,000. He does fix and flip and later, sells them at around $70-80,000 after doing the repairs.
Basically, there are lot of investors who are ignorant about these small or single family properties because they think that the profit margin would be much less as compared to the commercial properties.
But you need to keep in mind that if you have bought a property for half a million dollar and the worth of the properties go down by 10%, then that means there would be a loss of $50,000. On the other hand, if you have bought a property which is worth of $30,000, then 10% loss would only be $3000.
With these kinds of properties, you have a lot more to gain and very less risk involved and that’s why, they could turn out to be one of the best investment opportunity for you.