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What Are Investment Property Lenders and How to Find Them?

Investment property lenders are generally property lenders that loan you money when investing in property.

These lenders are better known as hard money lenders or private lenders.

Let me explain the difference between the two.

Hard money lenders usually are private lending institutions that will loan on investment property only. Which means you’ll be buying an investment property of sorts.

However, most hard money lenders will only loan you money for a short period of time.

It’s more than likely you’ll be using these types of loans for your real estate flips.

With that being said here are some of the fee’s you can expect to pay for hard money. Typically, these types of lenders will charge anywhere from 3 to 9 points plus your closing and repair costs upfront. Also, expect to pay a 10 to 15% interest rate for your loan.

It sounds expensive; I know but think about it for one second. If you’re going to be buying a property as a real estate flip, paying 10 to 15% interest for a loan that you received without any credit checks, is really not that bad.

Once you have established a relationship and have proved yourself with your lender you can negotiate for a much better rate and you can also try to roll over payments into the loan.

You can find a hard money-lender by conducting a search on the internet by simply typing in your city of choice followed by the word hard money lenders.

Another great way to find a loan on investment property is the use private lenders.

Private lenders can be just about anyone with capital to invest. There great because you can offer a safe, secure, guaranteed investment with returns of 8 to 15% and you don’t have to pay any points up front.

Having private lenders on your side can be a win, win for all parties involved.

Here are some helpful hints as to where to find private money lenders.

The first thing you must do is ask yourself “who do I know?”

Do you go to the doctors?

Do you go to the dentist?

Do you have an attorney?

Do you know someone in upper management?

These are just a couple of helpful ways to get you thinking about important people you might know.

Build a strong relationship with your investment property lenders and you’ll never have a problem getting an investment property loan.

Drowning in Student Loan Debt? Who Is to Blame?

What do you do when your child tries to make up her mind among different colleges she’s been accepted to? Would your conscience allow you to give up the best possible college for a cheaper college that wasn’t as good? Could you ever live with yourself in the knowledge that you didn’t give your child the best education you could? Isn’t an education an investment that will pay for itself many times over anyway? Perhaps that was how it used to be. Seeing education in this way is no longer something that can hold water though. There are many families today that find themselves in debt for close to $100,000 from having considered a child’s education an investment that can pay for itself. Many graduates who find themselves in a merciless job market that doesn’t pay a fraction of what they hoped it would, find themselves enrolling in night school three years just on the hope that they can keep creditors for their student loan debt at bay.

Does putting off paying your child’s student loan debt off really make sense? The longer you put it off, the more the interest accrues. Does all of this sound like déjà vu? This does sound like the mortgage crisis that brought on the recession two years ago. Just as homebuyers five years ago thought that they could just swing it buying a home that would appreciate in value and make it worth their investment, students and parents today are trying to buy an education that they really cannot afford. They just hope that the investment they make will appreciate in value and somehow bring them great returns. They’re finding out just as homeowners did a couple of years ago, that reality can be very different.

It’s all panning out exactly as it did with the housing loan crisis. Colleges are enrolling students no questions asked, for courses that cost $200,000 over the duration of four years. They bring on banks that will underwrite those loans, and they all hope just like that, that those students will graduate and go on to make fat paychecks. If the jobs market happens to be disappointing, they can’t just declare bankruptcy with student loan debt either the way they can with a home loan. Federal bankruptcy law makes sure of that. Far from opening doors, an education for these young people pushes them into years of debt they can’t possibly get out of.

Typically, families that get themselves into this kind of situation start off applying for a federal loan from Sallie Mae. But after a while, Sallie Mae by the time the child gets to the final year, rejects any further advances and directs parents to apply for a private student loan with a private bank. Typically, when an application for a loan s rejected on account of maxing out credit, that person should set red lights flashing. But it usually doesn’t, because parents naively see an education as something that is worth any kind of sacrifice. Perhaps more balance is called for.

Save My House – What Do You Do If You Can’t Afford A Loan Modification Specialist?

I hear a lot of people say “I’d really like to save my house” but it’s just not going to happen. These are good folk who have invested their lives in their homes. They didn’t buy it as a speculation to make money, they bought it because it was their dream. This is the home they wanted and never thought they could have. This is the home they thought they would raise their family in. This is the house they thought they would grow old together in. If it hadn’t been for the recession, most of them never planned to leave. What happened?

There are a lot of good folk out there that could care less if they owe more for the home than it’s currently worth. Most people don’t buy a home for its investment value, they bought it because they wanted it. The recession may have stunted their plans. They may have lost an income stream or not gotten promotions they were promised. Had everything remained the same, they could and would still be making the payments on time.

If you are in this situation, you already qualify for a home loan modification.

The key here was something changed that affected your ability to make the payments. Your first step is to write the story. Start with this is where you were financially when you bought the home. Explain why you assumed you would be able to meet the payment schedule. Then explain what changed to make the home unaffordable. Did your spouse get laid off? Did you know the payments were going to go up? Did your hours get cut back at work? Use anything you can think of and verify it with paystubs, W-2′s, P&L statements if you are self-employed, etc. What you have just done is to write a hardship letter.

You are well on your way to saving your home.

My advice would be to get someone familiar with home loans and specifically home loan modifications to help you. Bankers do have a type of code-speak all their own. It is paramount that you or the person you choose to represent you knows the lingo and the rules. You are trying to save an asset that is valued in the hundreds of thousands of dollars. If it was in cash, I’m sure you would trust it to an uneducated person to invest for you, why would you trust your home to someone who doesn’t know what they are doing (you)?

Unfortunately good loan modification specialist don’t work free. You probably wouldn’t want to use someone who works for free anyway would you? What’s in it for them if you get approved? Nothing. So why would they work hard for you?

On the other hand, many people are in so deep they can’t afford a specialist. If you are in this category, at least invest in a course to teach you the basics. You want to arm yourself as well as possible if you are going into battle.

More Consumers are Adopting the Vegan Lifestyle

Some estimates place the umber of those choosing a vegan lifestyle at as much as two and a half percent of the U.S. population, and virtually all agree that the number is growing daily. Vegans differ from vegetarians in two ways. First, while most vegetarians consume animal products such as eggs, honey, and dairy products, none of which harm animals, vegans avoid all animal-sourced foods and ingredients. Secondly, vegans tend to not utilize products derived from animals such as leather goods, including shoes and handbags, a choice not typically shared by vegetarians. Being vegan is more of a lifestyle choice than a dietary restriction.

In a society where the government-recommended food groups for a balanced diet include 20 percent protein (a word change from meat), it is often difficult for vegans to ascertain what a healthy, balanced diet consists of. Most of the time individuals tend to work out for themselves what makes them feel good while maintaining energy levels and a healthy weight. For most, that is sufficient, primarily because vegans tend to more closely examine food products and concern themselves with ingredients.

As an aid to those seeking a healthy plant-based diet that includes sound nutrition, several variants of a vegan food pyramid are available with a simple internet search. Modeled after the USDA food pyramid in use in various forms since 1943, the groups all contribute to a balanced, animal-free diet. Most of the items featured in groups are available in mainstream grocery chains, although careful scrutiny is necessary due to the inclusion of ingredients not acceptable to a vegan lifestyle. Many are forced to limit food choices or to patronize health food chains, whose prices are typically much higher than those in mainstream stores.

Change is coming to the food marketplace, however. The San Francisco-based company Hampton Creek has begun producing an extensive line of plant-based products and has successfully marketed them to such large retail chains as Walmart, Target, and Costco. With 45 different products slated for 2016 and another 500 in various stages of test and development, the face of food is slowly changing to reflect the rise in diet-conscious consumers. Many who either did not have access to or could not afford health food store prices can now enjoy vegan products at acceptable prices.

Be Sure To Have Support Following A Car Crash

Whenever someone might be in a car crash attributable to somebody else, they could be able to acquire compensation for their particular injuries. This compensation ought to be taken care of by the liable driver or even their own insurance provider and should cover an individual’s medical bills, car repair charges, lost pay, as well as additional expenditures as a result of the automobile accident. However, it’s not always simple for a person to get the funds they need to.

Anytime a person is not sure they really are receiving the complete amount they ought to acquire as well as whenever they are being turned down for any cash, they are going to desire to talk to a Miami Car Accident Lawyer. The lawyer may help show they were the victim of the incident as well as help determine the entire amount they need to receive. Next, the lawyer can negotiate along with the insurance company to ensure the insurance provider is going to pay the full amount. If they won’t, the attorney may take the case to court if necessary.

If perhaps you have been in a motor vehicle accident, ensure you receive the full amount you ought to coming from the automobile accident. Contact a Car Accident Lawyer in Miami at the earliest opportunity after the automobile accident. They’re going to work together with the insurance company or take the case to court to be able to be sure you receive enough in order to cover your incident associated expenses.