Comments on: Financing Your Flip http://www.minnesotainvestmentrealestate.com/buying-property/3-ways-to-finance-your-flip/ How to find, buy, and own investment property. Tue, 07 Feb 2012 17:08:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Grace@Hard Money Loan http://www.minnesotainvestmentrealestate.com/buying-property/3-ways-to-finance-your-flip/comment-page-1/#comment-2105 Grace@Hard Money Loan Sun, 18 Jul 2010 08:09:50 +0000 http://minnesotainvestmentrealestate.com/uncategorized/3-ways-to-finance-your-flip/#comment-2105 A hard money loan is definitely a good source for investors looking to leverage their cash and a quick closing. The only thing I disagree with the author of this post is that hard money loans actually will have higher fees than a conventional bank because hard money lenders charge higher points plus all other fees and costs. This is in addition to higher interest rates as well. Even with higher fees and rates, hard money is still worth it in order to close on a deal fast so you don't risk losing it to someone else. Most conventional banks cannot fund nearly as fast as hard money lenders do. A hard money loan is definitely a good source for investors looking to leverage their cash and a quick closing. The only thing I disagree with the author of this post is that hard money loans actually will have higher fees than a conventional bank because hard money lenders charge higher points plus all other fees and costs. This is in addition to higher interest rates as well.

Even with higher fees and rates, hard money is still worth it in order to close on a deal fast so you don’t risk losing it to someone else. Most conventional banks cannot fund nearly as fast as hard money lenders do.

]]> By: Jeanie Hoholik ~ Twin City Real Estate Chat http://www.minnesotainvestmentrealestate.com/buying-property/3-ways-to-finance-your-flip/comment-page-1/#comment-11 Jeanie Hoholik ~ Twin City Real Estate Chat Thu, 19 Jun 2008 01:55:23 +0000 http://minnesotainvestmentrealestate.com/uncategorized/3-ways-to-finance-your-flip/#comment-11 And, after your Scott helps you find the right home to make a profit, you can use the extra cash to put down on the next home. These properties are priced low enough to make enough profit to use that extra cash for the next little venture. Obviously, I'm making a point to the flippers who got stuck the last go'round. Cash is king. It can be done. The key is not to give up, keep on moving with your properties. It's fun, profitable and gratifying! Life is good! And, after your Scott helps you find the right home to make a profit, you can use the extra cash to put down on the next home. These properties are priced low enough to make enough profit to use that extra cash for the next little venture. Obviously, I’m making a point to the flippers who got stuck the last go’round.

Cash is king. It can be done. The key is not to give up, keep on moving with your properties. It’s fun, profitable and gratifying!

Life is good!

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