?? Work at Pickup Points � Flexible schedule

Hard Money Loans – 5 Things You Must Know

Austin Rutherford 25 views

Download Video

Comments

How do I buy your private money lender list my friend ?
Comment from : @rocknroll0087

This guy was 100 accurate He speaks the truth and I know from personal experience—learning it the hard way
Comment from : @rocknroll0087

Who can recommend me private money lenders in Georgia?
Comment from : @MMeansNSTI

I like how you added your course Add there lol😂
Comment from : @arebollar4

Hardmoney lenders are TERRORISTS!!!
Comment from : @wattasay2370

Great video! The fees drive yield for the lender This is one reason why I prefer to work with private money lenders Though, if the deal is good enough I will borrow institutional hard money
Comment from : @MikeOtranto

Thank you for sharing valuable information for those who are new in the real estate market
Comment from : @uendygarcia4092

We are a private hard money lender in Texas and we do charge a 2-3 point origination fee (depending on term) but we do NOT charge for appraisals, underwriters, document prep, or any of that! We don't even charge a pre-payment penalty if you pay off your note early We try to only loan on projects that will be a win/win for us and the borrower Very educational, thank you for sharing
Comment from : @LarryFeingersh

Based on this video, I will never do Hard Money
Comment from : @ropatipisia4830

Hey, thank you so much for your videos They're super helpful I'm curious how the private money lending works Theoretically let's say you're using that private money on a multi family, do you do a hard money loan after the renovations are done? How do you fund that after the year or so that you agreed upon with the private lender Also, what are your thoughts on HELOC from one's current residence?
Comment from : @elizabethadelman6555

Dude your acting like only hard money loans do this stuff,a big bank does the same thing!
Comment from : @casper24ism

Thank you for the video I was under the impression that HML could also be obtained by banks
Comment from : @Alessandro1983

The closing costs on hard money is damn near triple
Comment from : @kyshac81

Most people that aren't investors don't understand complex financial deals No mention of how quickly they can process a loan, which is extremely important I've had a loan within 5 days!! Once a relationship is built, I get top tier terms that beat every bank Also no mention that traditional banks and mortgage companies do not lend one penny for rehab costs The interest only payments are just a part of the expense column for my accountant to deal withthe cost of doing business
Comment from : @markworthington5423

wow thats crazy! :0 learned alot thank you bro
Comment from : @CLeAnQUaRTeRz

have u ever did asset based loan on commercial property, 2 million property, cash flow 180k annual , they said since is asset based property generating cash flow, all I need is origination fee and 4 ON the 2 million with monthly payments of 7k month for 2 yrs, after 2 yrs I have to pay the 2million is that correct ???
Comment from : @phonesangaphayarath7326

The difference between hard money and private lending is that hard money is backed by real estate collateral and are typically not credit based for decisions Private money lending typically use credit as a determining factor and are not necessarily collateral based
Comment from : @AllthingsOSK

Great info We defintly have to talk I'm going to check out your link I'm very experienced in rea estate (30 yrs) took a short hiatus a while back for personal reasons and of course covifld Now 100 back in the game
Comment from : @LawrenceBland

Awesome
Comment from : @sandraverhoeven1317

Great tips! My question is, does this include major banks as well? Or is it just stand alone/private companies?
Comment from : @RoxxStr

Nice, that's all I wanted to know, I guess that's a out for me, Robert Kiyosaki said it best, seek real teachers
Comment from : @joelover2631

Thank you soooo much! Because the internet make it seem like the hard money release the rehab fees for the rehab I just learned today the rehab fee is held in escrow
Comment from : @Charliespathwellness

You are right about the contractors part Im a contractor and nothing is getting done without a signed contract and a downpayment A lot of "investors" dont like to pay and they come with all kinds of excuses A lien on the property fixes the problem 🤣
Comment from : @1789crazy

I thought the point of hard money lenders is that they loan u quick money, for around 6-9 months & u only have to pay the principal & interest after that time period in full
Comment from : @talentekhuzwayo2705

These are evil institutions
Comment from : @MrBluemanworld

Great video! I learned so much, you did a great job of making that information easy to understand
Comment from : @sidequestplays4768

I completely inform my borrowers of all the costs on the first call Only fees are origination, service fee and Title/Insurance costs Rehab is escrowed with draws Have had many successful projects
Comment from : @johnkesinger2191

Austin! You broke everything down perfectly You're smooth as hell I started getting hypnotize I think I have a crush on you 🤣😊 #newsubbie
Comment from : @FoougieTV

u dis motivated me
Comment from : @alexfreeman3281

Just sold a property today, arv was $320,000 Sold for $395k Their arvs are always low, I think they do that on purpose
Comment from : @fourstars5270

They’re all crooks
Comment from : @raymiller6587

I can vouch the course on private money lending is SUPER legit 💯💯 tons of value inside! Appreciate the content as always brother 💪🏾
Comment from : @thewholesalecoach

Great Content 👍
Comment from : @GREATEST-GREATNESS366

Great subject, you are absolutely right about the Hard money lenders those things you talked about is never plainly explained by the HML, hopefully this information helps others make an informal decision if they chose to use a HML
Comment from : @Dlo70058