article thumbnail

How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

” Related article The best hard money lenders in 2025 + hard money loans explained How to find vibe flip-worthy homes Once you have your team in place, the OConnors suggest pounding the pavement (literally) by knocking on doors in your farm area to find listings.

Closing 362
article thumbnail

Portrait of a pre-foreclosure peacemaker

Housing Wire

That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. He passed down his passion for real estate investing to Sandoval, and he is now giving back by helping to construct a medical building in Mexico. These scenarios are not like vanilla deals,” Sandoval said.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Best Fix and Flip Loans in 2025

The Close

of purchase price and 100% of rehab cost Another excellent choice for your next house flip loan is New Silver, which offers loans between $100,000 and $5 million that can be closed in as little as five days. New Silver also offers calculators to help you determine the cost of a hard money loan and how much it costs to flip a house.

Loans 45
article thumbnail

The Best Hard Money Lenders for 2023 (Interest Rates, LTV, Fees & More)

The Close

In my 28-year career in real estate and investing, I have had to source hard money financing for everything from simple fix-and-flip properties to multi-million-dollar apartment building rehabs. Let’s start with my top picks for hard money lenders. Groundfloor Rates & Terms (2023) Interest Rate: Starting at 6.5%

article thumbnail

How To Invest In Real Estate With Little Or No Money?

Marco Santarelli

Therefore, the interest charge on hard money loans is higher since lenders are taking greater risks and the terms are normally 12 months or less. Hard money loans require the borrower to cover closing costs, application fees, appraisal fees, and any other costs associated with the purchase of a property.

article thumbnail

How to Buy Land in 8 Steps: A Guide for Investors

The Close

Make sure to research potential restrictions and requirements, which frequently include: Building moratoriums: This legal restriction stops the construction of all building projects on a piece of land. Many construction projects nationwide have building moratoriums in place due to potential code violations or environmental concerns.

Land 98
article thumbnail

6 Best Investment Property Loans for 2025

The Close

Loan terms: 15-30 year fixed rate Time to funding: Within 60 days Minimum credit score: 620 Visit Pennymac Conventional commercial mortgage loans SBA 504 SBA 7(a) SBA microloans Business loans and lines of credit Commercial mortgage loan terms: Loan amount: $250,000-$5 million Interest rates: As low as 4.5%

Loans 52