Tag: DFW Investor Lending

3 Arguments for Hiring a Private Hard Money Lender
Finance

3 Arguments for Hiring a Private Hard Money Lender

When it comes to real estate investment, you will soon discover that having access to a private hard money lender is crucial. When you acquire a home for the express aim of reselling it and generating fast money, using a traditional bank might be too nuisance, whereas hard money is like having your cash on hand. Banks need you to present extensive documentation proving your creditworthiness, employment, and the value of your possessions. On the other hand, when you use a cash lender, you get the following: No Credit Check No Income Verification Less Paperwork Quick Closings A cash transaction typically takes around two weeks to close, but a traditional loan takes 30 days or longer to conclude owing to validating all relevant papers. The following are the to...