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How Hard Money Loans Work in 2024! (Easy Beginners Guide To Hard Money Loans) 

Sean Pan
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6 сен 2024

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Комментарии : 52   
@itsjosephhenry
@itsjosephhenry Год назад
Great clean video , thanks for the info
@seanlovesrealestate
@seanlovesrealestate Год назад
Thank you. Appreciate it! ☺️
@lastamericanhero59
@lastamericanhero59 2 года назад
We are ready to buy a house we have 80k saved
@alycamartin6731
@alycamartin6731 Год назад
Thank you for great Insights ! I just love this video. I have suggested my cousin to get multi home construction loans in Tampa from First Nation Finance LLC.
@seanlovesrealestate
@seanlovesrealestate Год назад
Let your friends know! Appreciate your support, Alyca! ❤️
@kanaparthikiran
@kanaparthikiran Год назад
What are the options if the rent comes lower and I don't qualify for the refinance? unfortunately if no credit union also ready to refinance this deal? can I still keep the house by paying difference from the original principal?
@ericfrost2481
@ericfrost2481 Год назад
Just came across your video. Thank you 🙏. Pleasure to meet you.
@seanlovesrealestate
@seanlovesrealestate Год назад
Thanks for watching, Eric! ☺️
@jesseramirez9732
@jesseramirez9732 5 месяцев назад
I have a quick question when I get the general contractor do I need to give him a down payment or I need him to finish at least half of the job then I will pay that half
@seanlovesrealestate
@seanlovesrealestate 4 месяца назад
it depends on how you negotiate with your contractor. But generally speaking, they usually want 20% down to cover the material costs and to have some startup money to pay their crew before doing your job.
@stefletti6637
@stefletti6637 6 месяцев назад
This was very informative. VideoGreat
@seanlovesrealestate
@seanlovesrealestate 6 месяцев назад
Thanks!
@moveitjunk
@moveitjunk 3 месяца назад
Do you offer loans in NC?
@dantenappi5655
@dantenappi5655 7 месяцев назад
Why would the hard money lender need to see that I have the money for the rehab? Isn't the rehab money part of the loan based on ARV?
@seanlovesrealestate
@seanlovesrealestate 4 месяца назад
Sometimes people don't get construction loans. They just want to see that there's a plan and funds to cover the rehab.
@joewolaver7022
@joewolaver7022 Год назад
Hi Sean,I just saw your video on hard money lending.I belive you are very honest and helpful.I am new at house fliping and will soon be in the market.I just set up an lLC and bussiness accounts.I would like to find out more about how hard money,equity partner,ext work.I would be interested in you as a possible mentor.please advise,thank you
@seanlovesrealestate
@seanlovesrealestate Год назад
Appreciate it! Thank you.
@alexzancan4616
@alexzancan4616 2 года назад
Hi Sean, New to the hard money lender process. My wife and I found a great property to fix and then rent or sell. We already have a rental in the Bahamas that is doing extremely well for us and we want to do something closer to home. I watched one of your videos and you said you do loans for purchase and rehab. Do you have a website were we could fill some forms out and talk and go from there? Thank you Alex
@ericquinones1754
@ericquinones1754 2 года назад
I'm buying a house thru the court. Do you guys provide cash? When you buy thru the court you have to buy it with cash.
@seanlovesrealestate
@seanlovesrealestate 2 года назад
It depends if they allow a due diligence period. If they need all of the funds right there and then, then we won't be able to fund this deal.
@ericquinones1754
@ericquinones1754 2 года назад
@@seanlovesrealestate I got 65k already, I just need like 30k more. I also own 2 rental buildings, so it's not my first time.
@ericquinones1754
@ericquinones1754 2 года назад
@@seanlovesrealestate Sean, how does the due diligence work?
@Renny12345
@Renny12345 10 месяцев назад
@ericquinones1754 did u ever find a hard money lender? You should get into contact with me and let’s do business if u want
@pablocardona5996
@pablocardona5996 Год назад
I will like to get more information im new in this business but will love to have a lender i can trust
@talkshowgod
@talkshowgod 9 месяцев назад
Good info to know , good video
@seanlovesrealestate
@seanlovesrealestate 9 месяцев назад
Glad it was helpful!
@sharonceaser-wheeler3364
@sharonceaser-wheeler3364 2 года назад
Awesome!
@seanlovesrealestate
@seanlovesrealestate 2 года назад
Thank you!
@gurlio1000
@gurlio1000 Год назад
What is the down payment based off on? The purchase price? Or the total amount of the loan?
@jinnajim
@jinnajim Год назад
I believe it's the total amount of the loan.
@seanlovesrealestate
@seanlovesrealestate 4 месяца назад
Depends on how much your construction loan is (i.e. if you're getting 100% of rehab or 80%). They want to make sure you have enough to cover the rest.
@jinnajim
@jinnajim Год назад
Sean, Are you still doing Hard Money Loans or just strictly the courses and social media? I'm a new subscriber, thanks.
@seanlovesrealestate
@seanlovesrealestate Год назад
Hey Jinna, I already quit my job but I can refer my previous company if you need one.
@jinnajim
@jinnajim Год назад
@Sean Pan please do, I'll give them a call if you recommend them.
@seanlovesrealestate
@seanlovesrealestate Год назад
You can go to cvlending.com and kindly tell them that you came from my channel. You can ask for a discount. ☺️
@ronaldwu3561
@ronaldwu3561 2 года назад
Hi Sean, Thanks for all the incredible insight! I’m interested in house flipping but have found it hard to pull the trigger. The biggest barrier is not knowing how to locate a reputable contractor. I hear a lot about bad contractors, so wanted to see if you have any solid contacts to share. With this, I think I’d be interested in a hard money loan. Thank you in advance!
@seanlovesrealestate
@seanlovesrealestate 2 года назад
Finding a contractor is very difficult. You need to speak with other investors to get good recs. Be sure to check references and photos of their work!
@Hines246
@Hines246 Год назад
Thank you for the information. Is it possible to buy and hold an investment property in an LLC via conventional banks?
@seanlovesrealestate
@seanlovesrealestate 4 месяца назад
Most conventional lenders will not lend to an LLC directly, but usually you can buy it under your personal name then transfer to the LLC afterwards.
@elchapo11
@elchapo11 2 года назад
Do you do rehab loans? On top of the hard money.
@seanlovesrealestate
@seanlovesrealestate 2 года назад
Yes we do! Up to 85% of the rehab costs.
@phonesangaphayarath7326
@phonesangaphayarath7326 Год назад
does this work for commercial, 64 unit
@seanlovesrealestate
@seanlovesrealestate 4 месяца назад
Possibly, but you need to call a lot of hard money lenders who are willing to hold on to the loan in their own portfolio
@bestdance117
@bestdance117 Год назад
What’s Sean lender name?
@BrotherHallelujah
@BrotherHallelujah Год назад
Can you help me do a deal?
@DJSliick
@DJSliick 2 года назад
Ahh Soo You Def Have To Have Thousands of Dollars of your own money. Especially if your 1st starting out.
@rawfocus5259
@rawfocus5259 2 года назад
Do you get your down payment back on a hard money loan?
@seanlovesrealestate
@seanlovesrealestate 2 года назад
When you sell the property, you pay off the lender first. The rest is yours to keep.
@mclipi64
@mclipi64 Год назад
hi Sean . please help to get hard money loan . I m in contract have to close by April 30 2023 . please provide any # so I can contact asap you to get the deal done with out any hassale
@seanlovesrealestate
@seanlovesrealestate Год назад
Hey! If you're looking for a hard money loan, apply at www.cvlending.com and mention that you came from Sean's channel to get $500 off of your processing fees.
@bestdance117
@bestdance117 Год назад
What’s Sean lender name?
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