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    Tough Money For Buying Qualities - Financing Real Property Deals


    I simply got a call from one of our non-local real estate agents who works with some of our investors in another market and the lady asked me if I knew a good source for hard profit her area. Many hard money lenders will only lend in their local market or to people that they know and have an established relationship with. Therefore, I could not refer her to work with the hard money lenders that I have within my local market.

    With the recent pro-investor changes in the seasoning guidelines for buying HUD properties and reselling them, I feel that hard money will be key for many investors to quickly gain control of these bargains in order to do some fix up and immediately resell them to end buyers. So, finding great hard money lenders in your local market will be an important tool for investing in HUD properties.

    So , here's the short and the long answer to how to get hard money lenders to buy properties.

    The short answer is that We am actively starting to look for hard money lenders to advertise on metropolis websites which they provide loans in. In case you are a hard money lender and want to lend money to our investors, get in touch immediately.

    The long answer is that you can property agents real estate find hard money lenders yourself by networking with other local investors at the local real estate clubs and associations. You can also find private lenders by talking to people you know about the deal you are looking at and asking them if they know someone who might be willing to provide money on it. You can also search out hard money lenders in the "money to lend" area of your local newspapers (check all of them) and through on-line classified websites. Of course, a good mortgage broker that works with investors will also have access to hard money lenders.

    While I am finding hard money lenders to advertise immediately on the site, We encourage you to find one yourself using the tips above. If you discover a great one, tell me about them so I can get them on the site. If you find a bad one (and there are some out there), tell me about them too so I can tell people to avoid using them.

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