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Private Money Funding Details
First Step To Getting Your Project Funded
The biggest blunder any investor can make in real estate is to shop too early for money, yet this is the most common mistake we see investors making in real estate. The rule of thumb is: it’s much easier to shop for cash when you have a deal in hand and under contract.
Why? Because as long as that property is not under contract, it’s up for grabs by anyone and everyone and no lender will spend time and resources on a property that can be snatched out from under the borrower at any moment’s notice.
Putting the house under contract is an easy enough, 4-Step process.
Step 1: Prospect and Review Potential Properties
Step 2: Write Offers
Step 3: Get Offer Accepted by Seller
Step 4: Put Earnest Money in Escrow to complete the contract
Once these 4 Steps are completed, you have a fully executed Purchase and Sale Agreement, the property is under contract, and you are ready to shop for cash. If you’re ready to shop for cash, then make sure you contact us today!
wholesale
rehab
buy and hold
We are Always Ready to Assist Our Investors
At G.H.C., we understand that traditional financing options may not always meet the unique needs of real estate investors.
G.H.C. Private Money Lending Criteria
The first part of every successful fix and flip is finding the right real estate property. That’s why we’ve created this easy, 5-point guide to help you find the “sweet spot” deal, which can give you the best chance at making money in real estate, while safeguarding your investment.
At G.H CAPITAL we are only interested in funding projects that will give you the best opportunity at realizing success. Therefore our criteria is centered around these 5 points:
- Property Type 1-4 Units: When you invest within these parameters, you can attract a larger segment of the market, including FHA buyers. This increases your ability to appeal to more people in more demographics.
- Sale Price - Why price your home at or below FHA requirements?: FHA loans bring home ownership into reach for first-time home buyers who might have a hard time getting approved with conventional lenders. This increases your ability to sell your property faster and broadens your ability to attract more potential buyers.
- Size of House -Why a smaller home with no more than 5 bedrooms and 3 baths?: Millennials and Boomers are the two segments expected to dominate the market in the next five years. Both of these segments are looking at smaller homes: Millennials because they’re just starting out; Boomers because they’re downsizing. Candace Taylor of The Wall Street Journal wrote, “These days, buyers of all ages eschew the large, ornate houses… in favor of smaller, more modern-looking alternatives.”
- Property Features - Why less than 1/2 acre?: Both Boomers and Millennials are looking for less upkeep: Boomers because they’re getting older and Millennials because they’re just starting out. More acreage also means more expense.
“Private money lending is the bridge that connects dreams to reality, empowering individuals and businesses to reach new heights without the limitations of traditional financing.”
G.H. Capital
PML Details
- DEAL UNDER CONTRACT
- BEST RATES AND TERMS
- NATIONWIDE NETWORK
- NO MINIMUM CREDIT SCORE
- FAST APPROVAL
- PROOF OF FUNDING LETTER
- COLLATERAL DNA REPORTS
Contact
Have Any Questions?
+1-858-925-9241
Email Us
contact@goldenhandshakecapital.com