Hard Money Loans - Everything You Need To Know About Hard Money HD

►►► Apply For Hard Money Today: https://commerciallendingllc.com/ Top 10 Things House Flippers Need To Know About Hard Money Loans 1. Commercial Lending LLC does any type of property and ANY condition as long as the deal makes sense including fix and flip properties, condo developments, new construction, and other types of loans 2. Hard money can fund a deal in as little as a week so long as you give them all the info they need including pictures, repair estimate, and comparable sales. 3. Experienced house flippers as well as new real estate investors use hard money because of how accessible it is and the fact that most banks will not lend on properties that need a lot of work. 4. The real estate investors who use hard money loans find their deals from any number of sources including direct mail, networking, MLS, auctions, door knocking, online marketing, and much, much more. 5. They funds deals mostly in the DC, MD, VA, area but also goes down to Virginia Beach as well as some parts of South Carolina. Bottom line, if you have a good real estate investing deal you should see if they can make it work, no matter where it is. 6. Their company has been doing hard money lending for many years and has grown through referrals. 7. Hard money is more expensive than a traditional loan because many of the deals are funded quickly and in disrepair which most traditional banks would not touch. 8. The price ranges of their fix and flip loans ranges from 50K houses up to several million dollar new construction funding 9. If you are a real estate investor you should be purchasing properties at the 70% formula which means your maximum allowable offer (MAO) equals the after renovated value (ARV) times .7 minus the cost of repairs. In other words MAO = ARV times .7 minus repairs. 10. The length of most asset based lending and hard money loans is 6-12 months although it all depends on the project. If you purchase anything through a link anywhere in this video or in the description or comments, you should assume that we have an affiliate relationship with the company providing the product or service that you purchase, and that we may be paid in some way. We recommend that you do your own independent research before purchasing anything. =================================== ★☆★SUBSCRIBE TO ME ON YOUTUBE★☆★ Subscribe ► https://www.youtube.com/channel/UCpbx... ★☆★FOLLOW ME BELOW★☆★ F A C E B O O K: https://www.facebook.com/jeff.leighton.5 L I N K E D I N: https://www.linkedin.com/in/jeffleigh... I N S T A G R A M: https://www.instagram.com/J_late12 S N A P C H A T: https://www.snapchat.com/add/jrl560 Thanks for watching this video on hard money lending and please subscribe for more videos!