Straight answers to all of your questions.
General
What is a hard money loan?
Why not get a traditional loan or mortgage?
Are hard money loans bad?
Are hard money loans the same as private loans or bridge loans?
What is LTV? What are Points?
What is a lien?
Are liens bad?
What does first and second position mean?
What if I have more questions?
Borrowers
What is a hard money loan?
Is a hard money loan right for me?
When is a hard money loan a bad idea?
Why are interest rates so much higher than traditional mortgages?
Where does the money come from?
How long does each loan last?
How do I qualify?
What if I have bad credit or have had credit problems in the past?
How long does it take to close?
What if I don’t have a preferred Title company?
How will I receive the money?
What if I pay the loan off early?
What if I need more time to pay off the loan?
What happens if I miss a payment or pay late?
How can I get started?
Investors
Are hard money loans a safe investment?
How can interest rates be so much higher than other investments?
Who can invest?
Is there a minimum investment amount? A maximum?
How do I fund the investment? How will I get paid back?
How often do I receive payments?
How is this different than Real Estate investing? Is this a REIT?
Should I invest in hard money loans or the stock market?
How long does each loan last?
What happens if a loan is paid off early?
What if I want to exit early?
What happens if the borrower stops paying or defaults?
How can I get started?
Note Exchange
What do you mean by "stable" and "performing?"
Why would someone sell a performing note?
Do you buy non-performing or delinquent notes?
What is the difference between a mortgage, a note, a loan, a trust deed, etc?
Do you buy the notes at face value?
What documentation will I need?
Why would I buy an existing note instead of a new note?
How do I get started?
Company
Who are you guys?
Is your system secure? Is my information safe?
What if I have more questions?