Private money loans are a simple way to finance or refinance a property investment. Especially if you don’t qualify for traditional financing or don’t have the time to jump through the several hoops required by a bank or other traditional lender.
Despite this, many individuals do not understand what a private money loan is. In addition, they are uncertain about the circumstances in which they could use private money to invest in real estate. This is why we’ve created this blog — to explain everything you need to know about this type of loan.
Best Methods To Choose A Private Lender
If you intend to make a profession out of investing over the long term, you need a lender who is invested in that process. A hands-on private lender will educate you and ask you difficult questions to ensure that you are taking all of the appropriate steps. If the lender is only concerned with the immediate loan, your interests may not be matched.
Associations of Real Estate Investors in Indiana
In addition to hard money and private money, Real Estate Investors Associations (REIAs) are an invaluable resource that should not be disregarded. REIAs offers numerous advantages to both novice and seasoned real estate investors.
Our most successful hard money borrowers are or were members of a local real estate investor association. Therefore, membership in a REIA is not required to qualify for our hard money loans, but it is strongly encouraged. Through their networking events, seminars, and roundtable discussions, REIA members may easily connect, form relationships, and do business with other members and real estate professionals.
Although some REIAs provide extra perks (such as vendor discounts), the majority are focused on teaching and networking with their members. The following are the most popular REIAs in Indiana, along with their locations, for those who are interested.
Indianapolis, Indiana is the location of the Central Indiana Real Estate Investors Association (CIREIA).
• Fishers, Indiana, Indiana REI Network
• Indy Property Investors – Indianapolis (Indiana)
• Investor’s Choice Indianapolis – Greenwood, Indiana.
• Northwest Indiana Creative Investors Association – Lake Station, Indiana (NICIA).
Greensburg, Indiana is the location of the Southeastern Indiana Real Estate Investors Association.
How is BridgeWell Capital Distinct from Other Florida Hard Money Lenders?
- Consistent, Quick, and Dependable Service:
At BridgeWell Capital, we are proud to offer unmatched customer service as a hard money lender. We explain the full procedure so that you are aware of what to expect. If you have questions, your account executive is always present and ready to assist you.
A significant portion of our revenue comes from recurring consumers. Simply, once you have worked with BridgeWell Capital for your real estate investment hard money loans, you will never look elsewhere. Check out our testimonies.
Our management team has over 30 years of experience in real estate investing and has successfully funded over $200,000,000 in hard money loans for real estate investors, setting the industry standard.
We aim to be more than a source of private capital for real estate ventures. Our private money loans are based on mutually beneficial business ties with our borrowers. We want you to be successful in your investments, so we equip you with all the resources and best practices in the real estate market you need to make intelligent, confident investing decisions. From rehabilitation to leasing, BridgeWell has Florida covered.
- Certified mortgage lender
BridgeWell Capital, unlike other hard money lenders in Vero Beach, FL, is a fully regulated and insured mortgage lender with an A+ rating from the Better Business Bureau.
- Widespread service:
We offer hard money loans over the entirety of Florida.