How do you find a hard money lender?
Category : Buying & Selling Tips
There are quite a few ways that you can do this:
- Ask your traditional lender. Many lenders already have these connections set up. This is another way for the traditional lender to finance their clients if their traditional loan programs will not work.
- Real estate investment clubs. These investment clubs are a great way to network with other people. Hard moneylenders frequently go to these investment clubs as it is a way for them to get additional contacts and business. You might also want to ask some of the other investors in the club for additional referrals.
- Internet. The Internet is another great tool for finding hard money lenders. Search for “hard money lenders” or “private financing” or even “rehab loans.” You can add the city or state name to find something local.
Hard money loans are just another solution for you to finance a property. For more details visit https://magnaloans.com/beta/