The hard money lending industry is a fantastic opportunity to make money as a private funds provider. In the aftermath of the downturn, investors in real estate really like hard money loans over standard lending institutions. Most real estate investors are sometimes purchasing troubled bank owned properties for flipping or rehabbing.
Sadly, fresh lending policies enacted by banks have made it impossible for anybody without spotless credit and massive asset reserves to get financing to buy properties to rehab. In truth even with spotless credit and good money reserves the undeniable fact that the subject property should be rehabbed or has any functional deficiencies can kill the deal since the property can't qualify for traditional financing.
Many times the previous owner may have been a forced resale party on the way out and destroyed or took everything in sight prior to eviction. This is the most common reason stockholders require access to private money.
Investing in real estate as a Singapore money lenders is the ultimate win win situation for you, the investor and the community as whole. By providing investors in property with fast no-hassle financing you're able to charge a steeper rate, usually in the 15% range and earn an extra 3% to 5% by charging points on the loan.
Since these loans are short-term and usually repaid inside six to nine months; the quick return of capital will enable you to loan the money again and again. Thereby making yields in excess of 25% a year.
In this business you not only have control over your investment greenbacks but you have the ability to structure deals that leverage the time and experience of your borrower.
The conventional property investor has to do lots of footwork finding and vetting the deals, but as a private money financier you have got other investors going out finding the properties and bringing you the deals. Additionally it will only take a short time before your client base knows your investment style good enough to only bring you the deals they know you'll be interested in.
Even in business recessions the business is there. Thanks to all of the repos and short sales there are more than needed properties available for dimes on the buck.
Banks need to get these REO's off their books and smart investors need to flip them. As a private funds provider you will be in a position to get these financiers the money they need swiftly and put a 15% to 20% profit in your pocket and theirs each time.
Sadly, fresh lending policies enacted by banks have made it impossible for anybody without spotless credit and massive asset reserves to get financing to buy properties to rehab. In truth even with spotless credit and good money reserves the undeniable fact that the subject property should be rehabbed or has any functional deficiencies can kill the deal since the property can't qualify for traditional financing.
Many times the previous owner may have been a forced resale party on the way out and destroyed or took everything in sight prior to eviction. This is the most common reason stockholders require access to private money.
Investing in real estate as a Singapore money lenders is the ultimate win win situation for you, the investor and the community as whole. By providing investors in property with fast no-hassle financing you're able to charge a steeper rate, usually in the 15% range and earn an extra 3% to 5% by charging points on the loan.
Since these loans are short-term and usually repaid inside six to nine months; the quick return of capital will enable you to loan the money again and again. Thereby making yields in excess of 25% a year.
In this business you not only have control over your investment greenbacks but you have the ability to structure deals that leverage the time and experience of your borrower.
The conventional property investor has to do lots of footwork finding and vetting the deals, but as a private money financier you have got other investors going out finding the properties and bringing you the deals. Additionally it will only take a short time before your client base knows your investment style good enough to only bring you the deals they know you'll be interested in.
Even in business recessions the business is there. Thanks to all of the repos and short sales there are more than needed properties available for dimes on the buck.
Banks need to get these REO's off their books and smart investors need to flip them. As a private funds provider you will be in a position to get these financiers the money they need swiftly and put a 15% to 20% profit in your pocket and theirs each time.
About the Author:
Tim Tavender is an author with ten years experience running his own personal loan in singapore . He has written for State Papers and Mags about personal loan .
No comments:
Post a Comment