Using Arizona Hard Money to Invest in Real EstateJune 11, 2012
Hard money – despite the name, it’s easy, not hard.June 11, 2012
Finding Arizona Hard Money Is Easy
TO FIND ARIZONA HARD MONEY, YOU DON’T HAVE TO LOOK TOO FAR. THERE ARE MANY PRIVATE LENDERS WHO WANT TO HELP. IN THIS ECONOMY, MANY PEOPLE JUST DON’T HAVE THE CREDIT SCORE IN ORDER TO BE ABLE TO QUALIFY FOR A CONVENTIONAL Mortgage WITH A BANK. AS LONG AS YOU HAVE ENOUGH EQUITY IN THE HOME YOU ARE PLANNING TO BUY, YOU WILL BE ABLE TO FIND A HARD MONEY LENDER ARIZONA TO HELP. FOR THE MOST PART, ARIZONA HARD MONEY IS USED BY PEOPLE WHO ARE INVESTING IN REAL ESTATE. THEY FIND HOMES THAT NEED TO BE FLIPPED, AND AFTER FLIPPING IT THEMSELVES, THEY MAKE A GREAT PROFIT. THE ONLY PROBLEM IS THAT MOST NEW REAL ESTATE INVESTORS DON’T HAVE THE INITIAL INVESTMENT MONEY TO PURCHASE THE HOME. THAT’S WHY NEED TO FIND A HARD MONEY LENDER ARIZONA.
It’s a great benefit for those who need investment money now and don’t qualify because of their credit scores. An Arizona hard money lender probably won’t care about your credit score, though they may give you a lower interest rate should you have a higher score. There is also not as much red-tape to go through to get Arizona hard money, so you are able to have the money in-hand very quickly. Banks can make you wait for 30 days—which may be too late for you. The down-side of going through a hard money lender Arizona, is that you will have a higher interest rate than you would with a conventional bank Mortgage. But if you are using it to invest, you just have to do the math and make sure you make a profit that is worth it to you. The nice thing is that you can probably buy and flip an investment property completely with Arizona hard money, without any out-of-pocket expense. It’s a great way to start in real estate investing!