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How to vet private money lenders for real estate investing

Housing Wire

The problem with private money lenders is that good ones are hard to come by. Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money lender.

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How to Buy a House at an Auction Without Having Cash

HomeLight

The crowds, the fast-talking auctioneers, the large amounts of money being bid: Auctions are exciting no matter what’s for sale, and when it’s a house up for auction, then it’s no wonder that foreclosure auctions can capture the imagination of many a home shopper. There are downsides to hard money loans, however.

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A Comprehensive Guide to Finding the Best Foreclosures in Your Area

Realty Biz

Understanding Foreclosures Foreclosure is a legal process where a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house.

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This Is How Much Profit You Should Make On a Rental Property

Kyle Handy

This allows you to take out a new mortgage loan for a larger amount than your original loan. Then, you can take out the difference between these loans in cash. Hard Money Loan Hard money loans are funded by private businesses or individuals. My initial loan for it was $95,360.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. Short sale.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Oakland, California real estate agent Daniel Donate , who specializes in investment properties, says that flipping houses in the state is definitely profitable right now. A Top Agent Can Be Your California Real Estate Investment MVP Interested in flipping a house in California? A top real estate agent can help.

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A Complete Guide to Flipping Houses

Fancy Pants Homes

Do you find a lender to fund it, or should you get a hard money loan ? Hard money loans are becoming increasingly popular as they allow real estate investors to be more flexible when it comes to loan terms and risk assessment. Finding a house & flipping it. Final thoughts.