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HOW HARD MONEY LOANS WORK

Bridger Pennington 152 views

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Thanks for the content! It's called "hard" money lending because the house is a hard asset!
Comment from : @Burbankelly

So, in a nutshell, using an HML is a bad idea for obtaining rental properties? Only useful for house flipping and wholesaling?
Comment from : @premiumnetwork1953

1:28 for those who hate yapping
Comment from : @PlanetLibrary

I love how it cut off in the middle of the video 🤦‍♂️
Comment from : @tjlift22

Great content brother!!!!!
Comment from : @henrypowers4295

this is awesome after i sell 3 of m rentals, will have cash, but want to do hard money n flip like 3 r 4 a year very helpful thanks for it
Comment from : @egpipkin

Excellent
Comment from : @MM-cn4jq

Man you broke it down really well and easy to understand! Great teacher fs !!
Comment from : @damianmelendez6128

I don’t understand how 11 is 55 points explain
Comment from : @justyndaley

If anyone wants the most up to date info, follow my channel @flipvirtual I actively flip houses virtually and do videos on the full process of a flip
Comment from : @Travelviapoints

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Comment from : @RobertJames-yw2md

Great video Bridge
Comment from : @dennisdeleon7417

Can a hard money loan be longer than a year Say 3 or 5yrs at the most? I have an idea but it wont work if it's only a year loan Ill need 3yr at least
Comment from : @ThE4EvRPs3GaMeR

Will this strategy work with buy and hold?
Comment from : @milesfabishak2354

Wow Good job Can I invest the money I have in my TFSA in private lending business Do I need to incorporate the company? How will the profit be taxed? Do I need to have a trustee, like Olympia trust or computer share to transfer my funds from TFSA account to the private lending business account? Thank you
Comment from : @ghlu7694

This was so helpful and the video isn’t even finished playing
Comment from : @monikacharlesx

Some cover the renovation cost roo
Comment from : @sarahkissaify

Do you find that most hard money lenders charge a fixed percentage regardless of the loan term, or are most of them wanting a percentage annualized?
Comment from : @jasonmartin1712

You didn't mention real estate agent fee's and closing cost deduction from the 80 grand
Comment from : @OGKennyLee

How often do landers just steel the information on the on the profitable deal and do it themselves or just give their flipper partners? How can flipper protect in such cases?
Comment from : @stanislavdidenko8436

Perfect way at explaining it The only thing i didnt understand was the 11 thing were you converted it to 55 can anyone help me understand please?
Comment from : @CosmicMillionaire

Good video, very informative and on point In the current rate environment we are in a HML is not that much more expensive now than a conventional primary residence mortgage and cheaper than a SBA loan
Comment from : @IanTuckerCoaching

Does the hard money lender pay the realtor fees?
Comment from : @mendozaraul6607

you rey talk that shit i’m trying make a lot of money
Comment from : @triple3dbydylan

Great video! Amazing content, thank you and keep it up please!
Comment from : @mrarfarf

Wait I’m lost…What if you’re not trying to flip the house but instead trying to rent it out? When will I have to return the money? Especially if I’m in it for longevity?
Comment from : @nobody123-b5r

I need some funds to buy a house
Comment from : @JoseMacias-zn5cf

So Thank you for your information I was wondering if you wouldn't mind answering two questions Could a hard money lender take possession of my property other than if I were to default on payment? And why would lender ask me to put him on my home owners ins? REALLY APPRECIATE your helpI'm getting cold feet about the deal
Comment from : @elle5031

I'm looking for a 25000 loan on a property that is in South America I believe it would be a great Airbnb investment Does anyone know the best route to obtain a loan without going through conventional financing?
Comment from : @chadmckeighan6726

But how much will gap investors interest be? Thank you for the video
Comment from : @teodorpodaru7813

Can you do a video on how to start a bank and investment bank
Comment from : @giocorpus444

Wouldnt you only make 30k from this deal in reality? Because you went in with 50k for reno made 100k from the deal minus the 13,750 at the end?
Comment from : @zacharylewis8021

What protects the buyer from the lender giving away the deal to one of their buddy
Comment from : @hxmetours

Did you forget to deduct Commisions and Clossing costs?
Comment from : @sergecaliz3705

how do i find the cheap houses
Comment from : @fafdus

Is a LOC the only option for the renovations, or can the renos be rolled in to the hard money loan itself?
Comment from : @jennyingram482

Great content Thank you for breaking it down in extremely simple terms
Comment from : @michaelrainerii3547

Can you even do a flip in 6 months tho?
Comment from : @JorgePizarroFilms

Perfect
Comment from : @shaungorham5479

Can’t I take that 250K and buy other properties instead of the one I qualified for
Comment from : @getcloutorgetnothing7503

Thanks bro
Comment from : @mattkeese7956

Great video, only problem I see is that you have in the example AUCTION property, please let me know which hard money lenders give loans for AUCTIONS and I will be first in line to get a deal done My experience is that no hard money lender gives money for AUCTIONS Please clarify
Comment from : @gonzojr80

What do you use to track payments from borrowers? so far I'm using excel sheets but wondering if there is an easier platform to make sure all money came in on a monthly basis
Comment from : @ibifsha

You were all over the place Too many what ifs Stay on track
Comment from : @davidsnelson725

Anything is better than dealing with pathetic regular Banks
Comment from : @raybassman7536

Meanwhile, I'm a Bahamian trying to learn this
Comment from : @tradethelingo

Thanks for answering this topic
Comment from : @IntermountainGoldRefiners

Perfect explanation…
Comment from : @Dj39st

I'm trying to do a hard money loan in central FL How can I contact you?
Comment from : @gnicholsification

So many examples of financing was left out
Comment from : @miguelothemelo7396

great articulation!!!
Comment from : @anand2760

You also have to include the commission you pay the realtor to sell your home and closing costs
Comment from : @ameliaserrano145

Profit of 80k but you forget about agent commission and capital gain tax 80k turns to 40k real quick
Comment from : @supergirl2997

So how about buying a 100k home needing complete rehab and needing a 60k repair and realtor saying it will sell for 240-260k about how much real profit can I make with a hard money loan
Comment from : @lifewithchicago5282

I'm a new hard money lender I've closed three deals and am looking for more property flippers My problem is that people don't know I'm here and I only want to work locally I want to be able to drive by the properties without it being a big deal to me My question, how do I find more people looking for money?
Comment from : @mikejohnr1315

Watching from Pakistan for Hard money investing company A digital marketer agency owner who's running Ads for them You couldn't have explained it better dude!
Comment from : @mynameiszaid

I bought a condo as investment with hard money loan I am thinking to refinance with other banks for lower interest rate any suggestioN?
Comment from : @bm6003

No your not making 80K cuz you gotta pay taxes on that
Comment from : @elementalwelding5815

Asides the paperwork and terms being on point Since this is your personal money, are you still claiming short term capital gains Dealing with taxes, even though your not running your hard money lending as an llc business Or are you? Thx
Comment from : @KevinSmith-oz5oz

I specialize in delivering fast and efficient loans for business startup and expansions brApply now
Comment from : @lucasgrant2871

He didn’t make 80 profit when he put up his own $50,000 for rehab more like $30,000 profit
Comment from : @derrickjohnson3817

Why wouldn’t a house flipper just get a loan from a bank for lower interest rates?
Comment from : @jadonneuhoff6184

Very straightforward and easy to digest! Thank you
Comment from : @raquelking8557

What if property does not sell within 6 months, I am pretty sure there is a big fee or penalty the investor will have to absorb
Comment from : @elkokeraliuga8556

ARVAfter "Repair" Valuebroskibrand transfer of funds always happens at Title No chance of skipping out to the Bahamas 😆
Comment from : @st77tx99

Is there anyway to do this type of video on a fix and flip properties because I am about to get into that business and you explain things so well !
Comment from : @spityogame

It’s hard for my own put i forgot all my English and math i don’t go to collage
Comment from : @silentexe1399

This was awesome br I just want to add that 80k profit - 50k put for rehab brWould leave a profit of 30k Correct?brbrWhat happens to the closing cost expenses? 🤔
Comment from : @CesarMartinez-km4uk

Do you have to have amount of reserves required plus the borrower funds in your bank at the time of closing ?
Comment from : @Marisamonique94

Thank you so much !
Comment from : @Marisamonique94

Great video Tx
Comment from : @ColeSonMusic

Phenomenal explanation thank you
Comment from : @YungDelirious

Would you recommend this kind of loan to buy and hold a multi unit?
Comment from : @GenK1991

Can your do this example on a fix and flip? I just like the way you explain it
Comment from : @ArtisticallyAspiring

thanks
Comment from : @MrFunnyXD

What happens if you're not able to to sell it for a loss You still owe hard money lenders? Will it go on your credit?
Comment from : @nsbil1

I need a sample contract so I can start lending
Comment from : @billygibbs4769

Thank you
Comment from : @yourfirstdeal

So how much would be the monthly payment for 250k loan in 6 months?
Comment from : @Carlospenamusic1

can a hard money loan also include refinance cost
Comment from : @skylerhilton857

Wait, didn't the investor make 30k in that deal? Not 80k 50k was used for rehab of his own money
Comment from : @LouBloom21655

how to get proof of money from hard money lender to buy Hud home
Comment from : @gina4319

What about commercial 13M for a profitable running business
Comment from : @geminim3geminim384

What about if it is a pie and hold property? How does it work when you pay back the hard money lender?
Comment from : @edifymeblog7076

What about closing costs when selling, seller finacing fees, real estate fees, etc thats -$25k from your $80k which leaves you at profit $55k
Comment from : @fallenamerica1475