Things to Consider as an Arizona Hard Money LenderJune 11, 2012
Be Sure to Know the Terms of Your Arizona Hard Money LendersJune 11, 2012
Arizona Hard Money Lender, when to use them
Hard money is great for beginning investors who may not have money or for those who have bad credit and cannot qualify. Investors also use Arizona hard money when they need to purchase quickly. Typical soft money or conventional Mortgages take 30 days or more. Sometimes that is too long. Using an Arizona hard money lender is also a creative way to finance a property. Most like to call it “Nothing Down.” If you can borrow enough money to buy the property, fix it up and then sell it under market value for a profit, then you’ve just made money without any of your own money. Sure it will cost you money to borrow that money, but the rewards outweigh the expense.
How can you find a hard money lender Arizona
? There are hundreds of hard money lenders waiting to lend you money. It could be your next door neighbor. The best way to a find hard money lender Arizona is to talk to a mortgage company and ask for referrals. You can also call a title company or a real estate agency. They deal with buyers and sellers of houses every day. Shop around until you find the best one that will fit your needs. Another way is search online to find a hard money lender Arizona. Some will lend nationwide, but these typically want a credit check. A hard money lender Arizona will typically do a drive-by of the property if it is in-state.
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