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What Orange County Real Estate Investors Need to Know About Hard Money Loans

Real estate offers portfolio diversity, and with careful planning and following a strategy, investors can build great wealth and financial freedom. Diversity can protect you from economic downturns in any one sector of the market, and real estate allows investors to live out their golden years on their terms, doing what they enjoy. In addition, passive income in retirement earned through real estate investments offers a hedge against the ravages of inflation because rental rates tend to keep pace with increases in the cost of living.

Hard money loans or bridge loans allow investors a quick and flexible solution to hold onto their cash while building their holdings using cash from someone else, a private money lender. This short-term financing option is typically to rehabilitate or develop a property and then sell or flip the property. Read on as we explore what Orange County real estate investors need to know about hard money loans

The Cons

As with most things in life, you should consider both sides of what Orange County real estate investors need to know about hard money loans, including the drawbacks, though they are few. Hard money loans also come with a higher interest rate and have higher costs in general for processing. Additionally, they are for a shorter term than conventional loans, from between one to three years. If you don’t have around 25 to 30% to put down, they may also seek an interest in the property. With high payments due to the interest and short duration of the loan, an income stream from a sound investment helps repay the loan and save money. Make sure you fully understand the agreement and have performed due diligence on the investment property. The asset, or the property, is the security for the loan, meaning it is at risk should you default on the loan. 

Conventional Loan Denied

For those who cannot pursue a conventional loan because of the risk of the investment or their credit status, Orange County real estate investors need to know about hard money loans, which offer flexibility because of their looser restrictions and the differing requirements for loans than conventional lenders.

Quick Process

Another thing that Orange County real estate investors need to know about hard money loans is a quick application and approval process. They make a great option to keep your investment business rolling with fast and convenient access to cash.

Experience Matters

Something else Orange County real estate investors should keep in mind about hard money loans Orange County is that you can improve your standing by working with the same hard money lender repeatedly your interest rates can go down. As you gain experience, prooving your ability to make successful investments, you become less of a risk.

The professional investors at H&M Realty Group are local Orange County real estate investors with the know-how to help you understand how hard money loans can benefit your real estate portfolio. If you’re ready to start, let the professional investors at H&M Realty Group help guide you as you learn the ropes of real estate investing or help you handle your investments to sit back and enjoy your passive income. Let us help you find great deals in Orange County, don’t forget to ask about the current inventory at H&M Realty Group of the best investment deals available. Whether you are investing in flipping or needing help managing your properties and everything in between, at H&M Realty Group, we have a network of highly regarded local providers who offer a solution to get the job done right. Call H&M Realty Group at 949-625-4533.

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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