The Continuum Showflat

Hard money loans are the best way to get started in real estate investing. Whether you are a seasoned or first time investor using loans is how you need to buy property. Have you ever heard of the term OPM? This stands for other people's money and it is how the rich get rich. Let's take a look at the 5 ways to get hard money.

1. Hard Money Lenders - You can use a hard money The Continuum Showflat lender to buy property. The lender will usually charge you between 3% to 6% to borrow and 10% to 15% interest. I know that seems high but you just need to figure that cost into your bid on the home.

2. Family - We are talking about hard money but a family member may have extra money they can lend. Many investors over look their family as a way to borrow money to buy homes.

3. Friends - Same thing with friends why not borrow their money and secure their loan using the home. This is done all over the country and it is a great way to buy homes for investing.

 

You need to be a member of Peacepink3 to add comments!

Join Peacepink3

Votes: 0
Email me when people reply –