Flipping houses is becoming more and more popular. Homes flipped by investors in 2022 represented 8.4 percent of all U.S. home sales—up from 5.9 percent in 2021. Hard money lenders have been at the heart of this trend, financing distressed property loans that conventional mortgage lenders won’t touch. That 8.4 percent—from a report by Attom—is…
Before hard money lenders will consider you for a loan, you have to find a property. Whether you want to flip or rent (see the BRRRR method), the distressed property itself is the centerpiece of the deal. But what exactly is a distressed property? And what’s the best way to find one? This article will…
If you’re seeking a short-term loan to purchase, rehab, and rent a house, you may find the terms of a conventional mortgage to be too long. Or maybe your credit score or your financial past disqualifies you from a traditional loan. Fortunately, a tried-and-true funding source is gaining popularity among real estate investors: Hard money…
BRRRR stands for “buy, rehab, rent, refinance, repeat,” and describes a step-by-step process of real estate investment. Hard money lenders like Black Brook Capital are a great option for BRRRR investors. Traditional mortgage lenders often decline loan applications for the distressed properties that are key to the BRRRR method. How the BRRRR method works BRRRR works…