Private lending has emerged as one of the safest and most reliable forms of funding for investment home purchases. As a trustee sales or foreclosure investor, have you discovered the value of a hard money loan?
Hard money works to your advantage for many reasons, and is a far greater option over a conventional bank when it comes to funding a trustee sale. As a trustee buyer, you don’t have a lot of time to make a decision and you definitely can’t wait around for the conventional bank to fund your loan. That takes at least 30 day or more, and you need to act fast.
You may just opt to use cash on hand when you go to the trustee auctions. But how many homes does that get you? If you are buying with cash, you might walk away with one or two purchases a month.
With hard money loans, you are typically required to put only 20 to 30% down on the purchase. This allows you to triple the amount of purchases you make per month, if you can find the right deals to turn around quickly.
With all this buying power, you can become a master rehab and resell investor in no time flat. Call Capital Fund I today and find out how to fund your 24-hour private loan in Arizona.