Comments on: Hard Money Lender Questions Answered

By: Ted Welter

Ted Welter — Sun, 14 Feb 2010 14:49:04 +0000

Some comments compared this to loan-sharking, but the short-term hard money loans serve an important position for the professional home flippers. They make their living off flipping and seem to happily pay the higher costs for the short-term needs to keep their ROI up.

By: Ted Welter

Ted Welter — Sun, 14 Feb 2010 14:48:19 +0000

Some comments compared this to loan-sharking, but the short-term hard money loans serve an important position for the professional home flippers. They make their living off flipping and happily pay the higher costs for the short-term needs.

By: Megan

Megan — Mon, 08 Feb 2010 23:56:58 +0000

Hard money loans are quick as it goes off the value of the property/home not the borrowers’ credit worthiness.

Peace
Megan McGinnis @ http://megan-mcginnis.com

By: Danny

Danny — Mon, 08 Feb 2010 10:03:09 +0000

“If you cannot afford to close you typically cannot afford to take out this type of loan”

I do agree with this but at the time of urgent requirement while you don’t want to get in to more paper work and other formalities hard money loans are the best Idea.

By: Megan

Megan — Fri, 05 Feb 2010 18:21:57 +0000

Indeed, these loan sharks will take your house AND then break your legs!

Peace,
Megan @ http://megan-mcginnis.com

By: Joe

Joe — Fri, 05 Feb 2010 17:55:47 +0000

They used to call this loan sharking. Hard Money Lenders…..I love it.

By: anil solanki

anil solanki — Thu, 04 Feb 2010 03:29:28 +0000

I’m planning to buy multi fam CRE, may need hard money ( asset based )

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By: anil solanki

anil solanki — Thu, 04 Feb 2010 03:28:27 +0000

I’m planning to buy multi fam CRE

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