How to Get a Hard Money Loan

How to Get a Hard Money Loan

Agenda

• List the topics to be covered

• List the times allotted for each

topic

6 Steps in Securing the Financing for your Next

Great Project

End Game

Contractor

Doc

A-Game

Right Project

Research

Choose the Right Project

• A hard money loan is secured with

the property that you are planning

to purchase

Choose the Right Project

• Showcase the value and the possibilities

of the property as well as the return

value on their investment

The End Game

• This is as important as the planning stage

• Hard money loans are typically short-

term loans.

• Have an exit strategy

Have the Right Documentation

• Have the right documents in place

• You may be asked about your income and

assets

• Skin in the game - financial investment

you plan to put in

Do Your Research

• Know the demographics of the area

• Be aware of what other houses within your

area have sold for

The Contractor

• Get the right contractor

• Work with your contractor

• Include any contingency moneys for those

unexpected repairs

Bring Your A-Game

• Show that you have the right financial

back-ups to get the job done

• Use a portion of your own money in the

project

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