The hard money lending industry is a superb opportunity to make money as a personal funds provider. In the aftermath of the economic recession, property investors really prefer hard money loans over traditional lending establishments. Most property investors are sometimes purchasing troubled bank owned properties for the purposes of flipping or rehabbing.
Sadly, current lending policies passed by banks have made it unlikely for anybody without pristine credit and huge asset reserves to obtain financing to get properties to rehab. In reality even with spotless credit and good money reserves the basic fact the subject property must be rehabbed or has any functional inadequacies can kill the deal since the property cannot qualify for standard financing.
Many times the previous owner have had a forced sale party on the way out and devastated or took everything in sight before eviction. This is the most common reason financiers require access to non-public money.
Investing in real estate as a moneylender singapore is the final win win situation for you, the investor and the community as whole. By providing investors in property with quick trouble-free financing you are able to charge an increased rate, sometimes in the 15% range and earn an additional 3% to 5% by charging points on the loan.
Since these loans are short term and generally paid back inside six to 9 months; the fast return of capital will enable you to loan the money again and again. Thus creating yields above 25% a year.
In this business you not only have command over your investment greenbacks but you have the capability to structure deals that leverage the time and experience of your borrower.
The normal real-estate financier has to do a lot of footwork finding and vetting the deals, but as a non-public money investor you have other stockholders going out finding the properties and bringing you the deals. Similarly it will only take a short time before your client base knows your investment style well enough to only bring you the deals they know you'll have an interest in.
Even in economic depressions the business is there. Thanks to all the foreclosures and short sales there are more than sufficient properties available for pennies on the dollar.
Banks need to get these REO's off their books and smart financiers want to flip them. As a non-public money lender you'll be prepared to get these investors the money required swiftly and put a 15% to 20% profit in your pocket and theirs each time.
Sadly, current lending policies passed by banks have made it unlikely for anybody without pristine credit and huge asset reserves to obtain financing to get properties to rehab. In reality even with spotless credit and good money reserves the basic fact the subject property must be rehabbed or has any functional inadequacies can kill the deal since the property cannot qualify for standard financing.
Many times the previous owner have had a forced sale party on the way out and devastated or took everything in sight before eviction. This is the most common reason financiers require access to non-public money.
Investing in real estate as a moneylender singapore is the final win win situation for you, the investor and the community as whole. By providing investors in property with quick trouble-free financing you are able to charge an increased rate, sometimes in the 15% range and earn an additional 3% to 5% by charging points on the loan.
Since these loans are short term and generally paid back inside six to 9 months; the fast return of capital will enable you to loan the money again and again. Thus creating yields above 25% a year.
In this business you not only have command over your investment greenbacks but you have the capability to structure deals that leverage the time and experience of your borrower.
The normal real-estate financier has to do a lot of footwork finding and vetting the deals, but as a non-public money investor you have other stockholders going out finding the properties and bringing you the deals. Similarly it will only take a short time before your client base knows your investment style well enough to only bring you the deals they know you'll have an interest in.
Even in economic depressions the business is there. Thanks to all the foreclosures and short sales there are more than sufficient properties available for pennies on the dollar.
Banks need to get these REO's off their books and smart financiers want to flip them. As a non-public money lender you'll be prepared to get these investors the money required 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 pay day loan in singapore . He has written for State Papers and Mags about line of credit .
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