Conventional mortgage lenders say, “show me the money.” That requires a thorough, time-consuming examination of an applicant’s credit and finances. Hard money lenders like Black Brook Capital say, “show me that you can make the money.” We don’t focus on an applicant’s credit worthiness or employment history—or require stacks of documents. Our expectations are more…
Flipping houses is becoming more and more popular in recent years. 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 the highest since the data was first tracked in 2005. That’s the same year A&E premiered…
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…