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Hard Money Warning Signs

Hard money is an important part of the funding world, and often a key player in many business plans. However, some lenders are less than honest and try to scam unsuspecting borrowers.

Carefully review a loan agreement before signing. Dishonest lenders love to sneak little traps in the contract, so if you feel at all like you don’t fully understand it, have a real estate attorney review the documents with you.

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Foreclosure And How To Avoid It

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

Ask for reasonable loan amounts and then consistently set aside money to make your payments every month.

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Hard Money Loans And Overall Business Strategies

This is a common plan for property rehabbers or flippers. Investors choose a property with high potential and are able to acquire quick funding through a hard money loan.

This strategy is for properties which are not intended for fast sale, such as rental or commercial properties.

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History Of American Savings Life Insurance Company

On April 6, 1954, after years of dreaming, planning, calculating, and organizing, American Savings Life Insurance Company came to be.

Frihoff Allen, dreamer, creator, and founder of the company, had spent his early professional years as a life insurance agent and general agency manager, all the while putting aside funds in hopes of starting a local store.

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Costs Associated With Private Money

Private money loans can seem intimidating, especially when considering the muddy reputation hard money lenders have imposed upon even the most reputable lenders.

Some upfront costs typical to private money loans include a small deposit, that is often refundable, as well as any due diligence fees such as appraisal, environmental reports or testing and inspections.

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Interest Only Loans

With interest only loans, borrowers only pay the interest on the loan through monthly payments for a fixed term, 2-3 years.

When choosing an interest only loan, borrowers need a solid strategy for alternative uses for the money they’d otherwise pay towards the principal, as well as a strategy for getting rid of the debt. When this is the case, interest only loans tend to work well in favor of the borrower.

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Is Storefront Retail Dead?

Contrary to the headlines shouting the lamentable death of many physical retail spaces, such as the defeated Toys “R” Us or the no-longer-so-hipster Teavana, storefront retail is not dead.

It cannot be denied that online shopping is becoming more and more common, but, according to most estimates, about 91% of all retail sales last year still took place in a physical store.

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Obtaining Financing with Less-Than-Perfect Credit

The ability to obtain financing is often the difference between success and failure for many small businesses. Unfortunately, not all business owners have credit strong enough to qualify for conventional loans.

Businesses that have equity in their company’s real estate can usually obtain private money (also known as “hard money”) loans to raise needed funds.

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Real Estate Market Triggers

For seasoned real estate investors, certain market influences and indicators are the driving force behind their purchases and sales.

The US economy is the main driving force in both residential and commercial real estate markets. When the economy is stable or on the rise there is always an influx of buyers of all types of real estate.

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A Real Estate Investor's Introduction To Private Money Loans

A private money loan, often referred to as a “hard money” loan, is a real estate loan made by private individuals or groups of investors.

Experienced investors often rely on private money to acquire investment properties in hot markets or to get funding for unique properties other lenders won’t touch.

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