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If you're looking for a hard money loan, apply at and mention that you came from Sean's channel to get $500 off of your processing fees!
In this video, I'll be going over a deep dive into what hard money loans are and how they work.
We'll be going over: What a hard money loan is Common misconceptions about hard money loans The process of getting a hard money loan Required documents to get a loan How construction loans work The costs associated with a hard money loan What a long term rental loan is The different types of long term rental loans What prepayment penalties are and how they're calculated What DSCR is and how we calculate it How to determine your rate for your loan Limitations around hard money lending What seasoning periods are and finally, How to get a cheaper hard money loan
By the end of this video, you'll be an expert on hard money loans and will know exactly when and how to use them.
Timestamps: 0:00 Introduction 1:30 What is a hard money loan? 3:53 Common misconceptions with hard money 5:01 When should you use hard money? 7:23 Process of getting a hard money loan 8:39 Requirements and documents needed 9:40 Construction loans 11:15 Costs of a hard money loan 12:40 Example deal with hard money 13:46 Long term rental loans explained 15:05 Different types of long term rental loans 15:47 DSCR calculations 16:51 Prepayment penalties 17:36 How loans are priced 18:05 Limitations to long term rental loans 19:00 Seasoning periods explained 19:34 BRRR with hard money example 20:36 How to get cheaper hard money loans 21:31 Conclusion
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By: Sean Pan Title: Hard Money Loans Explained For Investors | Best Rates for Fix and Flip and Long Term Rental Loans! Sourced From: www.youtube.com/watch?v=8DG1Rcv0xDE
