How Real Estate Investors can Partner with Hard Money Lenders

July 27, 2010 - PRLog -- How Real Estate Investors can Partner with Hard Money Lenders

What about the partnership among hard money lenders and a real estate investor in the scenario of Hard Money lending Colorado? The best partnership among the two benefits both at its best. And it is really important for a real estate investor to think about hard money lenders as a partner. You need to be looking for a hard money lender who helps you to be successful in your investment business.

Be aware of the common phrase of ‘a loan to own’ about hard money lenders.  A loan to own basically means that hard money lender is lending money for a property but they are planning on taking back and there are many hard money lenders that are doing business for the sole purpose of actually acquiring the property by them.

There are some money lenders looking towards doing a loan but their criteria if they should do a loan or not; is they want to end up owning the property. You have to be very careful with that.  The companies/individuals having such business norms don’t have website, they don’t have outlined guidelines, they don’t have prices that are predetermined, and they don’t have lending criterias or the loan values.  They are typically the types of places where you have to call and they will say let’s look at the deal and we can let you know and they want to negotiate.

When talking about partnership with hard money lenders, as a real estate investor classically they own price list, interest rates, an official website, Transparent set of guidelines about company rules and regulations and capacity analysis for the value of asset but not the borrower.

In addition to that I think the important thing is that you as a borrower can get a couple of extensions and I mentioned this because as a borrower I think it is important for you to get a couple of extension It is just a security blanket.  And these extensions should be at the discretion of the borrower for his convenience. In Hard Money Lenders Colorado we practice all these norms of partnership which we elaborated above.

About Do Hard Money Lenders Colorado:
Do Hard Money Lenders Colorado has been in business for over 6 years. Company provides short-term hard money loans to real-estate investors on asset based analysis. The maximum loan amount is up to $250,000 and duration may vary from two to eight months depending upon the need of the borrower (s). DoHardMoney.com can be contacted by phone at 801-468-1000, by e-mail at info@dohardmoney.com, or via their web site, http://www.dohardmoney.com

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Do Hard Money: --http://dohardmoney.com/
Email: info@dohardmoney.com
Phone 800-284-0076
Fax 888-857-6067