When I first began dealing with flipped properties, I found it difficult to find hard money lenders. The problem was actually that I didn’t entirely understand the process; a hard money loan has a specific purpose, and if you structure it correctly, there are investment opportunities to be had. I’m joined today by Chris Powell of Commercial Loan Express, who will be helping us better understand hard money loans and how to use them.
For your convenience, I’ve included timestamps for the topics we discussed. Feel free to navigate to the section(s) you’re most interested in viewing:
(00:23)— Introduction to today’s topic
(01:40)— Chris explains what a hard money loan is
(02:16)— How can people benefit from these loans?
(03:20)— Discussing hard money loans from an investor’s perspective
(04:25)— Recalling my first investment with Chris
(06:54)— How much does someone need in a down payment while flipping?
(08:30)— Why I liked working with Chris and Commercial Loan Express
(11:53)— Why it’s nice to have a professional’s assistance
(13:13)— What types of loans does Chris handle?
(17:08)— Concluding our talk
I’d like to thank Chris for joining me for this discussion. You can visit his website at www.CommercialLoanExpress.com. If you’d like to talk about your real estate needs, have any questions, or need more information, feel free to reach out to me. I look forward to hearing from you soon.