Hard money, or private lending, means lending capital to real estate investors, secured by the property itself, rather than buying property directly.
Log in to followI spent years running renovation crews, so I thought the one edge I had as a lender was reading a scope. That is exactly the thing that cost me. Deal was a 1930s four bed in a sol…
This was two and a half years ago, before I'd read anything useful. A guy I'd known for a while, done two flips, seemed competent, was short on the rehab money for a third. He nee…
Payoff wired last week on the first loan I funded on my own paper, so the numbers are fresh. Collateral was a 4 unit in an inner ring working class suburb, brick, all four occupie…
I usually borrow this money, not lend it. Sold a flip last spring, had $215k sitting between deals, and a wholesaler I've worked with introduced a borrower doing a full renovation…
Funded a $95,000 first through a loan broker in early 2023. Single family rental in a slow secondary market, borrower was buying to hold and refinance out. Appraisal came in at $1…
I've been planning a first rental purchase for about a year and the money has been sitting in a savings account earning something embarrassing. A flipper I know through a local me…
$142,000 bridge on a gut rehab the borrower already owned. He'd bought it a year earlier with cash, torn out most of the interior, and run dry. My money went in as a refinance, $9…