Denver real estate investors are using hard money loans to finance their fix and flip properties. With traditional bank loans becoming harder to find, these hard money loans are filling the void. While these hard money loans have higher points up front and higher interest charges, these fix and flip loans are short term so the fees should not add up. The key is to find the right investment property for the right price. Then execute a well thought out fix and flip plan.
Hard money lenders also review the property to protect their investment and many times help prevent the newbie from making a mistake. Denver investors are using these hard money loans because they are quick and convenient. Many times a Denver Investor can close a purchase and close within two weeks. Hard-money financing is just another cost of doing business. The key is to purchase the property for the right price and factor in the hard money costs.
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See comparable sales pulled from public records, property maps and photos (interior and exterior photos).
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