The 50% rule in real estate suggests that half of your rental property's gross income should be allocated to operating expenses when assessing profitability. This guideline helps investors avoid underestimating costs and overestimating profits. To ...
Depending on your overall project a hard money lender is usually worth using if there is enough profit margin. Hard money lenders offer quick and flexible terms to purchase a property quickly compared to a ...
Getting a hard money loan on a rental property is relatively easy compared to traditional financing since the approval process is based more on the property’s value or viability of the overall project rather than ...
Usually not but it could vary from deal to deal. Because much of the money used for hard money loans comes from private investors who want to keep our money working, we often require a ...
Yes, absolutly. Brokers are welcome and protected. A large amount of our loans come from Brokers all around the country and we work with them to help structure the best loan for their clients. ...
Yes, Hard Money Bankers does pull credit, but it is usually not the primary factor in our lending decisions. Unlike traditional lenders, we focus more on the property’s value and equity than the borrower’s credit ...
The down payment for hard money lenders typically ranges from 10% to 40% of the property’s purchase price. We are usually at 20% down payment. The exact amount depends on the overall project, the borrower’s ...
Most hard money lenders that use private capital don’t require a standard appraisal. However, they may use a broker price opinion (BPO), an internal valuation, or a comparative market analysis instead of a full formal ...
Hard Money Bankers, LLC
10015 Old Columbia Rd, Suite H-125 Columbia, MD 21046
800.883.8290 | info@hardmoneybankers.com
All Rights Reserved. Hard Money Bankers, LLC makes commercial, business purpose loans. Loans are for investment purposes only and not for personal, family, or household use. Loan product availability may be limited in certain states. This is not a commitment to lend. All loans are subject to borrower underwriting and credit approval, in Hard Money Bankers sole and absolute discretion.
800.883.8290