What do you need to have in order to qualify for a hard money loan? Great question! I've got you covered. The number one thing you need is a good deal! Yep, that's correct. It's not about your income or credit, it's about the property equity.
This is how those lenders protect themselves. You want a good margin between the property's worth and your purchase price. You also want to consider the after repair value, and that'll help you increase your hard money loan.
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About The Investor's Edge: House flipping and real estate investing can be challenging for first-time real estate investors, and that is why The Investor's edge was created. As a leading hard money loan provider, we excel in not only providing funding when other hard money lenders won't, but we give our members tools, software, contracts, and expert help to be successful.
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By: Ryan G. Wright - The Investor's Edge Title: How To Qualify For A Hard Money Loan Sourced From: www.youtube.com/watch?v=jc9VFG-Wa5A
