THAIFLOWERS

Posts Tagged ‘Money’

It may cost you a little up-front money to do so, but I recommend getting an appraisal for your property. You have to verify the value of the properties you are purchasing. Appraising your residential real estate purchases is one way to do that.

One of things I do in my California market is, every time I get an offer accepted, I spend money on a full BPO (Broker’s Price Opinion). I want to make sure that I have correctly figured the value of the property. If I have offered too much money for the property, I want to know this sooner rather than later. Even though that appraisal is going to cost me a couple hundred dollars today, it’s better than making that wrong decision that will cost me a couple thousand dollars tomorrow.

Being in real estate investment business for quiet a long time, I have heard a lot questions about how to get a hard money loan and what the basic criteria are.

These people always talk about their personal background and they basically believe that like other loans, hard money loans are also based upon the individual.

But let me clear this once and for all, that hard money loans are based upon the asset or property you are trying to get a loan for. If you have found a good property, which has all the factors going in its favor, then you will get a hard money loan. No matter what your credit or job history is.