Summary:
In this Founders Club interview, Rancho Ted, financial specialist and founder of Rancho Ted Hard Money Loans joins us to share the benefits of hard money loans and how they can help realtors flip and sell more homes.
Ted shares all the ins and outs of securing a hard money loan, and why hard money loans can often times be more beneficial than a traditional loan.
Do not miss this one.
Enjoy!
Key Takeaways:
01:45 — What is Hard Money?
07:22 — Why hard money loans are good for realtors.
08:35 — The cons of hard money loans.
17:32 — The terms of a hard money loan.
27:27 — The documentation for a hard money loan.
35:01 — What a borrower should expect.
36:26 — Walk through of a hard money deal.
43:10 — What is a hard money line of credit?
50:51 — Hard money loans and construction.
57:23 — What is the key to hard money?
Quotes:
“Equity is the key to this whole thing, and the lower the loan to value the easier it is.”
“You realtors can make a fortune on these flips, don’t be afraid just give us a call.”
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We Lease – http://www.WeLeaseUSA.com
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To Your Success,
Oliver Graf 4 Time Inc 500 Entrepreneur