Monroe Funding Corp

Conducting a Title Search

LogoThe step of performing a title search is key to the closing of a transaction involving vacant land. Real estate investors require the reassurance that the property is clear regardless of who the seller may be. It includes getting the deed and paying the money to the real owner of the property as opposed to somebody who feels they own it.

Monroe Funding Corp Provides Hard Money Loans for 2020

LogoMonroe Funding Corp is a direct mortgage lender that offers a range of products to Florida to meet the needs of real estate investors. Customers benefit from flexible terms and conditions that are tailored to meet any long-term or short-term requirements for 2020.

Improve the Flipping Process with Some Simple Tips

LogoFort Lauderdale, FL – Property flipping at the right time can yield great rewards, anywhere from a ten to fifteen percent return on investment in certain cases. Flipping plus the adaptability of a hard money loan presents a fantastic opportunity to become familiar with real estate investing and construction. Using a couple of tips, it is possible to increase earnings and avoid common pitfalls which may include obtaining the necessary permits.

Boosting a Property's Appraisal Value

LogoA fresh paint job can make a home look like new instantly. Getting rid of extra furniture provides a higher sense of space, reducing clutter. An appraiser will consider these things so it worth cleaning up and organizing.

Differentiating Hard Money and Soft Money Loans

LogoWith hard money, it typically involves a loan intended to provide funding for renovation and improvement of a property, or perhaps as a bridge loan. The money is secured using the equity of the property. The loan terms are short, as little as a few months in some cases. Interest rates tend to be high because investors are concentrating on property equity versus examining a borrower's credit history.

Making the Decision to Rent or Sell

LogoWhen it comes investment properties, investors will typically need to evaluate a pair of options: rent or sell. Selling is largely viewed as a short term solution while renting is considered long term. As with anything else, there are pros and cons to each option, one of which may make more sense than the other.

Spotting the Signs of a Potentially Bad Investment Deal

LogoVirtually every real estate investor wants to score a great deal. To achieve that, however, a considerable amount of due diligence is necessary to make sure the deal is a good one. There are easy ways to look for signs that may indicate whether a deal is a good one or not.

Hard Money Lending When It's Time to Refinance

LogoFor anyone entertaining the prospect of refinancing a personal property, a hard money loan will indeed be based on the value of the property. This loan can be as short as twelve months or as long as five years. The refinancing convenience aside, hard money loans frequently serve as bridge loans which assist with "bridging the gap" between the existing property owned by the borrower and the property they wish to purchase. A hard money loan is also useful for a fix and flip project, or to purchase a home if the borrower's credit history isn't up to par.

What to Know About Hard Money Loan Interest Rate

LogoSupply and demand is one example. If several private or hard money lenders are working in the same area, a borrower may receive a lower rate as a means of boosting competition. On the other hand, interest rates may be higher if the particular private money lender is among the few willing to lend money in the area a borrower is considering.

Common Terms with Fix and Flip Projects

LogoReal estate investors choose hard money loans for various reasons, among them their convenience when working with fix and flip projects. Money is received promptly, a property can be improved quickly, and then sold for a significant profit. For people that are still new to fix and flips, however, there is a lot of terminology that may seem strange.