Contrary to popular belief, knowing how to choose a hard money lender comes down to more than just who offers the lowest points and interest rates. There are a variety of criteria that should be taken into account including location, property type, and more. It is important to take all these factors into consideration to be able to make a sizable profit and avoid entanglements along the way.
In this day and age, we have a luxury of choices at our fingertips. Life is a buffet and we’re filling up our plates. In the lending world, there is also a wide variety of options available and it’s important to choose which hard money lender will work best for you. You wouldn’t load up your dish with steak if you’re a vegetarian. So, we’ve created a process to follow so you can ultimately make a better decision as you work through your list of hard money lenders.