Hard Money Investors
This guide will cover what hard money investors do and how hard money lending works. Interest in investing is getting heavier by the month as people realize they have to control their destinies with their financial futures. More and more people understand what it means to get in there and discover what they are making. (many are still paying huge fees for brokers to lose their money, it’s true). The following sections will cover becoming hard money lending and what it takes to start.
Benefits Of Being Hard Money Investors
So what can you do as a private investor to take control and further your financial stability for yourself and your family? Becoming a private money investor is a great place to start. It’s not rocket science as to how it works. It does take a specialist or broker to get it right on the paperwork. (It helps if there’s an attorney on hand as well)
Historically the general populace was relegated to menial returns of 1-2, sometimes 3%. That was through the traditional CD or Money Market Account. Since private lending took flight and the banks made way for that kind of commerce available and possible, many of those that had those kinds of returns have changed their thinking and are moving their money to where they are making between 8-18%!
How is this possible? Private investors can change their financial destinies by using a broker to vet opportunities to lend to Active Investors wanting to “Fix & Flip” real estate. By securing a note and mortgage or trust deed, they can secure greater returns on their cash. Why not? Banks do it every day! Be the Bank!
Starting a Career As a Hard Money Investor
Many investors want to learn more about becoming a hard money investor. Hard money investors need capital to lend on. There are high risk versus high rewards. Becoming a hard money lender is not for everyone. How hard is it to start? You can start with us here at Lending Network, LLC. We are, after all, a group of passive investors that invest in real estate and vet deals all day, all week, all year. We see the opportunities and vet them according to our investor risk tolerances.
They vary, but it is quite safe with how we usually set up opportunities to lend. Usual Loan to Value ratios are around 45-55%. Sometimes we will go higher for cash outs because we know investors willing to lend on properties in greater areas, and easier to believe that the borrower will repay.
Sometimes other factors are needed to feel comfortable enough to lend on a property. We get that and are willing to do more than most just to be sure.
Hard Money Investors Training 101
The relationship is key. Many hard-money investors have been dealing with the same clients for decades. It is called trust and respect. The borrowers of hard money investors are like family. Borrowers go to hard money investors when they need a private money loan. It is more like a handshake deal. Many hard-money investors will be very cautious taking on new clients. Most hard-money investors will not take anyone on unless they are referred to them by their long-time clients.
Lending Network, LLC, is the nation’s premier and largest hard money lender. We have a national reputation for being able to do mortgage loans other lenders can’t do.
Here’s the bottom line, if you don’t feel comfortable with your broker and want to earn more than 1% while paying 10% as a fee, you need a new one. Come get to know us and get some opportunities under your belt to see how we work. You’ll be pleasantly surprised. Not to mention the interest earned. To qualify and get approved for hard money loans, contact us at Lending Network, LLC. Lending Network, LLC is one of the largest hard money investors in the nation. Licensed in 50 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands, Lending Network has a national reputation for being able to do loans other lenders cannot do.
