Housing Wire
OCTOBER 24, 2024
As you get closer to that (foreclosure) sale date, your options are limited … If you’re going to call me three days prior to sale date, your options are going to be very limited.” That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan.
Housing Wire
MAY 19, 2025
” 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.
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The Close
NOVEMBER 7, 2024
Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Listing websites: Sites like Zillow, MLS, Realtor.com, and LoopNet list properties for sale. Gather the property’s history and recent sale prices in the area to understand market trends. Hard money loans are most commonly used for fix-and-flip loans.
The Close
NOVEMBER 25, 2024
When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs. Visit Zillow 7.
The Close
NOVEMBER 25, 2024
Options for investors include the following: Fix-and-flippers: They use a hard money loan to buy preforeclosures that need extensive repairs, then flip the property for a profit to pay off the loan. Look for Notice of Default, Notice of Trustee Sale, and Lis Pendens in the public records section.
Marco Santarelli
NOVEMBER 23, 2024
Utilizing Hard Money Loans Hard money loans are short-term loans that are secured by real estate. Hard money lenders are generally more focused on the property's value and potential than the borrower's credit history.
The Close
NOVEMBER 25, 2024
While you’ll need money to buy properties, most flippers don’t rely solely on their funds. They usually find financing through hard money lenders or loans made just for flipping houses. The borrower qualifications are more lenient but with shorter loan terms and higher interest rates.
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