If you are looking for a hard money loan in Houston, Texas, you have come to the right place. In this guide, we will teach you everything you need to know about getting a hard money loan in Houston. We will discuss what hard money loans are, how they work, and the benefits of using them. With over 15 years of experience in the Houston real estate market, we know how this works and want to offer our expertise to new and experienced investors.
Hard Money in Houston
Houston is a major city with a thriving economy. As a result, there are plenty of lenders who offer hard money loans in Houston. However, not all of these lenders are created equal. In order to get the best deal on a hard money loan in Houston, you need to do your research and compare rates and terms from multiple lenders. It’s best to check your network for recommendations on a good lender but if you’re in the dark, we are here to help.
How to Find a Good Lender in Houston
- Check online reviews.
- Contact and interview lenders.
- Research multiple options.
- Find one that fits you the best.
Benefits of using Hard Money Loans in Houston
- You can get funded quickly & locally.
- Work with a lender familiar with the city.
- The interest rates are typically lower than traditional bank loans.
- Close your project quicker and increase profitability.
How To Get a Hard Money Loan in Houston
Once you’ve located your lender it’s time to apply. Go through the application process with your lender. Make sure you have all your numbers accurate so that you get the amount of money you need for your project. A good lender will work on this with you to ensure your success. Once you have gotten your paperwork together, submit your application and wait for approval. Typically, hard money can be approved in 2-4 business days. Once you get your funding, it’s time to get to work and get your project done! Hard money loans can be used for a variety of real estate projects such as fixes and flips, short-term bridge contracts, whole selling, and more.
Funding With FlipCo in Houston
When you fund your real estate project with FlipCo, You have the unique advantage of working with lenders who are real estate investors themselves. We have been in your shoes and we know what it takes to be successful in real estate investing. When you work with us you will be working with a team that is dedicated to helping you achieve your goals. We also require minimal funding, and little paperwork to get approved. FlipCo can also fund in little as 72 hours. (3 days) Contact us if you’re looking to get a hard money loan in Houston, Texas.