Questions to Ask Hard Money Lenders
Generally speaking people tend to think of direct investing when it comes to real estate investments i.e. either buying a property to fix and flip or hold it as long-term rental. So if you are planning to invest in real estate and looking for a lender offering California hard money direct services, then check out the following post that gathers a few basic questions to ask your hard money lender to evaluate their dependability. #1 – What is the market credibility of the lender? Taking hard money loans from a lender is equivalent to building a financial relationship with them. That is why before making any decision you need to review their experience and credibility in the market. Ask them about their years of experience in this field and number of loans they have funded. Have a thoughtful discussion upfront to ensure your chosen professional specializes in this type of financing and is able to communicate efficiently. #2 – What is the capital source of the le