how to get a hard money loan
TRANSCRIPT
How to Get a Hard Money Loan
Agenda
• List the topics to be covered
• List the times allotted for each
topic
6 Steps in Securing the Financing for your Next
Great Project
End Game
Contractor
Doc
A-Game
Right Project
Research
Choose the Right Project
• A hard money loan is secured with
the property that you are planning
to purchase
Choose the Right Project
• Showcase the value and the possibilities
of the property as well as the return
value on their investment
The End Game
• This is as important as the planning stage
• Hard money loans are typically short-
term loans.
• Have an exit strategy
Have the Right Documentation
• Have the right documents in place
• You may be asked about your income and
assets
• Skin in the game - financial investment
you plan to put in
Do Your Research
• Know the demographics of the area
• Be aware of what other houses within your
area have sold for
The Contractor
• Get the right contractor
• Work with your contractor
• Include any contingency moneys for those
unexpected repairs
Bring Your A-Game
• Show that you have the right financial
back-ups to get the job done
• Use a portion of your own money in the
project
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