There have been some wondering about hard money lenders during our current economy. Will they change? Will they stop lending?
There are basically two different types of hard money lenders: conventional and private.
Conventional hard money is usually tied directly to banks. In fact banks may have brokers brokering their money under the terms hard money. These types of companies will most likely be effected. They may stop lending all together. These are often the hard money lenders found on the internet.
Private hard money lenders are similar to your next door neighbor who has a lot of money. There money will not stop lending unless the bank they have their money in crashes and they lose everything. Private hard money are flourishing right now. Look for these type of lenders and you will be fine.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125