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Does The Market Need Hard Money Banks for Wholesaling Homes?

By Tim Tavender

Do investors in property actually need hard money lenders for wholesaling houses any more? Does the market even support room for these lenders to be profitable today or have they become irrelevant?

These equity based banks have been trying to make a big push back into the market during the last few months. They are augmenting advertising and pushing for financiers to make an application for financing and are starting to feel the heat from their own competition as the hunger to returns and a piece of the new rebound grows. Nevertheless they certainly have their work cut out for them after important tightening in factors and shunning their best shoppers during the last 5 years.

Property wholesalers and others flipping houses relied heavily on these loans in the last boom. Then as the market and home values disintegrated hard money banks wound up tightening underwriting to about typical standards and becoming incredibly difficult to work with, while still demanding heavy rates and fees.

This spurred creativity and many alternatives out of need. Mostly it could be argued hard money is not required or the best option, at least in the format it has been offered lately. Now we have transactional funding and crowdfunding as well as more chances for negotiating owner financing.

These moneylender singapore actually aren't helping themselves with terms and conditions either, and is still unlike hard cash of the past, when you might get 100% financing with merely a heartbeat. When they are delivering what's actually valuable to financiers, simply and at a fair rate then they're going to be in demand again. Sadly many won't learn quickly enough. They'd make big money on the growth of deals they do, but many will not see the loan volume predicted unless they switch it up.

Hard cash can be exceptionally valuable, even at 14% interest and one or two points. Nonetheless perhaps what is more critical is ease of process, speed and taking out the guess work providing confidence in funding and fast money.

This is achievable for wholesalers today if you build relationships and develop a good track record with today’s hard cash banks.

For those newer to the game, while keeping an eye fixed on hard money is good there may be alternatives which are way more appealing and offer quicker funding. So for those wholesaling homes do not be too exasperated if money from this source does not come easily yet, look into other options and build a portfolio of deals to demonstrate your expertise.

Tim Tavender is a writer with a decade experience running his very own business loan in singapore . He has written for Nationwide Newspapers and Magazines about pay day loan .

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Article Citation
MLA Style Citation:
Tavender, Tim "Does The Market Need Hard Money Banks for Wholesaling Homes?." Does The Market Need Hard Money Banks for Wholesaling Homes?. 18 Apr. 2014. 2 Aug 2014 <>.

APA Style Citation:
Tavender, T (2014, April 18). Does The Market Need Hard Money Banks for Wholesaling Homes?. Retrieved August 2, 2014, from

Chicago Style Citation:
Tavender, Tim "Does The Market Need Hard Money Banks for Wholesaling Homes?"

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