Hard Money Investors Take Heed
Interest in investing is getting heavier by the month as people are realizing that they have to take control of their own destinies with their financial futures. More and more people are understanding what it means to get in there and find out what they are actually making. (there are many that are still paying huge fees for brokers to lose their money, it’s true)
Benefits Of Hard Money Investors
So what can you as a private investor do to take control and further your financial stability for you and your family? Becoming a private investor is definitely a great place to start. It’s not rocket science as to how it works. It does take a specialist or broker to get it right on the paper work. (It helps if there’s an attorney on hand as well)
Rate Of Returns For Hard Money Investors
Historically the general populace was relegated to menial returns of 1-2 sometimes 3%. That was through the traditional CD or Money Market Account. Since private lending took flight and the banks made way for that kind of commerce available and possible, many of those that had those kinds of returns have changed their thinking and are moving their money to where they are making between 8-18%! How is this possible? Through using a broker that can vet opportunities to lend to Active Investors that want to “Fix & Flip” real estate, Private investors can change their financial destinies. IT is by securing a note and mortgage or trust deed that they are able to secure greater returns on their cash. Why not? Banks do it every day! Be the Bank!
Starting Out As Hard Money Investors
How hard is it to start? You can start with us here at Hard Money Capital group. We are after all a group of passive investors ourselves that invest in real estate and vet deals all day, all week, all year. We see the opportunities and vet them according to our investor risk tolerances. They vary, but with the way we usually set up opportunities to lend it is quite safe. Usual Loan to Value ratios are around 45-55%. Sometimes we will go higher for cash outs because we know investors willing to lend on properties that are in greater areas and easier to believe that the borrower is going to repay.
Sometimes there are other factors needed to feel comfortable enough to lend on a property. We get that, and are willing to do a bit more than most just to be sure.
Hard Money Investors Training 101
Here’s the bottom line, if you don’t feel comfortable with your broker, and want to earn more than 1% while paying 10% as a fee, you need a new one. Come get to know us us and get a couple of our opportunities under your belt to see how we work. You’ll be pleasantly surprised. Not to mention the interest earned.
This article was written by Michael H. Kaleikini, President and Chief Operating Officer of Hard Money Capital Group